Welcome to our dedicated page for Monroe Capital Corporation news (Ticker: MRCC), a resource for investors and traders seeking the latest updates and insights on Monroe Capital Corporation stock.
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) will report its Q4 and full year 2021 financial results on March 2, 2022. A conference call is scheduled for March 3, 2022, at 11:00 am ET to discuss the results. The call can be accessed by dialing (877) 312-8807 and referencing conference ID # 9853699. Monroe Capital Corporation focuses on investing in senior secured debt and related investments in middle-market companies, aiming to maximize total return for stockholders.
AdTheorent, a leading programmatic digital advertising company, announced that CEO Jim Lawson will present at Water Tower Research’s Virtual Fireside Chat on December 20, 2021, at 2pm ET. The presentation will cover growth opportunities for 2022. Following the chat, an archived replay will be available on the MCAP Acquisition Corporation website. MCAP raised $316 million in March 2021 and is focused on a proposed business combination with AdTheorent, set for a special meeting on December 21, 2021.
AdTheorent, a leader in programmatic digital advertising, reported a 49% year-over-year growth for the nine months ending September 30, 2021. The company has raised its 2021 revenue guidance twice, anticipating at least
AdTheorent, a leading digital advertising company, announced that CEO Jim Lawson will present at Water Tower Research’s Virtual Fireside Chat to discuss Connected TV (CTV) on December 14, 2021, at 11am ET. The presentation will be available via a live webcast, with an archived replay on the MCAP Acquisition Corporation website for 30 days. MCAP, a blank check company, raised $316 million in March 2021 and trades under the tickers MACQ, MRCC, and MACQU.
MCAP Acquisition Corporation (MACQ) announced that AdTheorent and its majority equityholder have waived two closing conditions related to their proposed business combination. This includes the $140 million aggregate cash consideration and $258.1 million in trust. The merger is anticipated to finalize shortly after the stockholder meeting on December 21, 2021. MCAP's CEO highlighted the strong balance sheet and cash flow as key assets. The combination aims to enhance growth opportunities and solidify the ownership structure, with existing AdTheorent shareholders becoming the largest post-merger stockholders.
MCAP Acquisition Corporation announced the effectiveness of its Form S-4 Registration Statement for the proposed business combination with AdTheorent Holding Company. A special meeting for MCAP stockholders is set for December 21, 2021, to approve the deal, which is expected to close shortly after, pending customary conditions. MCAP raised $316 million in March 2021, and the combined entity will trade on NASDAQ under the symbol ADTH.
AdTheorent Holding Company, a leader in programmatic digital advertising, announced CEO Jim Lawson's participation at Water Tower Research’s Virtual Fireside Chat on December 8, 2021, at 11 am ET. The event will cover industry trends and will be available via live webcast. An archived replay will be available on the MCAP Acquisition Corporation website for 30 days. MCAP, which raised $316 million in March 2021, is set to combine with AdTheorent, aiming for growth in the digital advertising sector. More details can be found at adtheorent.com.
AdTheorent Holding Company announced that its business combination with MCAP Acquisition Corporation has received SEC approval. The effective registration statement includes critical information about both companies and the proposed transaction. The special meeting for MCAP's stockholders is scheduled for December 21, 2021, with a record date of November 4, 2021. Pending stockholder approval, the merger will close shortly after the meeting. Upon completion, AdTheorent will trade on NASDAQ under the ticker ADTH.
Monroe Capital Corporation (NASDAQ: MRCC) declared a cash distribution of $0.25 per share for Q4 2021, payable on December 31, 2021, to stockholders of record as of December 16, 2021. The Company offers a dividend reinvestment plan for stockholders wishing to reinvest their distribution into additional shares. Moreover, it aims to maximize total returns through its investments in middle-market companies. Tax characteristics of the distribution will be reported on Form 1099 post-calendar year.
Monroe Capital Corporation (MRCC) announced its Q3 2021 financial results, reporting a net investment income of $6.3 million, or $0.29 per share, a 22% increase from Q2 2021. Adjusted net investment income reached $6.4 million, or $0.30 per share. The company's NAV increased to $246.7 million ($11.45 per share) due to net gains and investment income exceeding dividends. A quarterly dividend of $0.25 was declared. The leverage ratio rose to 1.11, while 3.1% of investments were on non-accrual. Management highlighted a robust deal pipeline and an annual cash dividend yield of approximately 9.7%.
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