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Monroe Capital Corporation (Nasdaq: MRCC) is a publicly-traded specialty finance company dedicated to providing customized financing solutions to lower middle-market companies in the U.S. and Canada. The company principally invests in senior, unitranche, and junior secured debt, and also engages in unsecured debt and equity investments, including co-investments in preferred and common stock and warrants.
MRCC's investment objective is to maximize total return for its stockholders through current income and capital appreciation. The company's investment activities are managed by Monroe Capital BDC Advisors, LLC, an affiliate of Monroe Capital LLC, and an investment adviser registered under the Investment Advisers Act of 1940.
Monroe Capital Corporation prides itself on being a value-added, user-friendly partner to business owners, management teams, and both private equity and independent sponsors. The company focuses on generating high-quality “alpha” returns across various business cycles through a diverse platform of investment products designed for institutional and high net worth investors.
In recent times, MRCC has demonstrated its financial resilience and commitment to delivering value to its shareholders. Despite the challenges posed by macroeconomic factors, MRCC has consistently covered its dividends through adjusted net investment income for several consecutive quarters. The company's diversified portfolio includes debt and equity investments in 98 companies, with first lien loans making up a significant portion.
For the quarter ended March 31, 2024, MRCC reported adjusted net investment income of $5.5 million, or $0.25 per share. The company’s net asset value (NAV) was $201.5 million, or $9.30 per share. The portfolio's weighted average yield was 11.9%, with a focus on credit quality and selective redeployment of capital resulting from repayments.
Monroe Capital LLC, the parent company, is an award-winning asset management firm recognized for excellence in private credit markets. Monroe's expertise spans direct lending, technology finance, venture debt, opportunistic and structured credit, real estate, and equity. The firm operates ten offices across the United States and Asia, offering a broad range of investment products to generate robust returns.
For more information, visit www.monroebdc.com.
Monroe Capital Corporation (NASDAQ: MRCC) declared a cash distribution of $0.25 per share for Q4 2022, payable on December 30, 2022, to stockholders of record as of December 15, 2022. The company has a dividend reinvestment plan allowing stockholders to reinvest cash distributions unless they opt for cash. Monroe Capital focuses on maximizing total returns through investments in senior, unitranche, and junior secured debt, alongside unsecured debt and equity investments in middle-market companies.
Monroe Capital Corporation (MRCC) reported financial results for Q3 2022, highlighting a net investment income of $6.3 million ($0.29 per share) and an adjusted net investment income of $7.1 million ($0.33 per share). The net asset value decreased by 2.6% to $226.0 million ($10.43 per share).
Despite market volatility, Monroe anticipates opportunities for new transactions. The company declared a quarterly dividend of $0.25 per share, yielding an annualized dividend of approximately 13.0% for shareholders.
Monroe Capital Corporation (NASDAQ: MRCC) announced it will report its Q3 2022 financial results on November 7, 2022, after market close. A webcast and conference call are scheduled for November 8, 2022, at 3:00 PM ET to discuss these results. Monroe Capital is a specialty finance company focused on investing in secured and unsecured debt for middle-market companies, aiming to maximize stockholder returns through current income and capital appreciation.
Monroe Capital Corporation (NASDAQ: MRCC) announced a third-quarter cash distribution of $0.25 per share, payable on September 30, 2022, to shareholders of record by September 15, 2022. The company offers a dividend reinvestment plan for stockholders, allowing automatic reinvestment unless opted out. Investors will receive tax details on Form 1099 after the calendar year. Monroe Capital specializes in debt and equity investments in middle-market companies, aiming for total return through income and capital appreciation.
Monroe Capital Corporation (MRCC) reported its second-quarter financial results for the period ended June 30, 2022. Key highlights include net investment income of $5.0 million ($0.23 per share) and adjusted net investment income of $5.4 million ($0.25 per share), consistent with the previous quarter. The net asset value (NAV) decreased by 5.2% to $232.1 million ($10.71 per share) due to market volatility. A quarterly dividend of $0.25 per share was paid. Despite challenges like rising interest rates, Monroe reported strong credit performance and maintained robust new deal activity.
Monroe Capital Corporation (NASDAQ: MRCC) is set to report its second-quarter 2022 financial results on August 2, 2022, after market close. A webcast and conference call will follow on August 3, 2022, at 11:00 am ET to discuss the results. Monroe Capital specializes in investing in secured and unsecured debt for middle-market companies, aiming to maximize stockholder returns through current income and capital appreciation. The firm has received accolades for its performance in private credit markets.
Monroe Capital Corporation (NASDAQ: MRCC) has declared a cash distribution of $0.25 per share for Q2 2022, payable on June 30, 2022, to stockholders on record as of June 15, 2022. The company has a dividend reinvestment plan in place, allowing stockholders to reinvest distributions unless they opt for cash. Monroe Capital primarily invests in secured and unsecured debt for middle-market companies, aiming for total return through income and capital appreciation.
Monroe Capital Corporation (Nasdaq: MRCC) reported its Q1 2022 financial results, revealing a net investment income of $5.4 million or $0.25 per share, consistent with the previous quarter. The net asset value (NAV) decreased 1.8% to $244.9 million, or $11.30 per share, mainly due to unrealized portfolio losses and debt repayment costs. Despite market volatility, credit performance and deal activity remained strong, allowing the firm to maintain a 10.0% annual cash dividend. Leverage improved with a decrease from 1.35 to 1.30 times debt-to-equity.
Monroe Capital Corporation (NASDAQ: MRCC) announced it will release its Q1 2022 financial results on May 3, 2022, after market close. A conference call to discuss the results will take place on May 4, 2022, at 11:00 AM ET. The call can be accessed via a link on the company's Investor Relations website or by dialing in directly. Monroe Capital Corporation specializes in investing in secured and unsecured debt of middle-market companies, aiming to maximize total returns for shareholders.
Monroe Capital Corporation (Nasdaq: MRCC) reported fourth quarter 2021 results with Net Investment Income of $5.4 million ($0.25 per share), down from $6.3 million in the prior quarter. Full-year Net Investment Income totaled $22.2 million ($1.03 per share). The company declared a $0.25 per share distribution for Q1 2022, with a current cash dividend yield of approximately 9.2%. Net Asset Value rose to $249.5 million ($11.51 per share). Expenses decreased to $7.7 million, mainly due to lower incentive fees. Debt-to-equity leverage increased slightly from 1.11 to 1.13.
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