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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.
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%.
Monroe Capital Corporation (NASDAQ: MRCC) will report its third quarter 2021 financial results on November 2, 2021, after market close. A webcast and conference call will take place on November 3, 2021, at 11:00 am ET to discuss these results. Investors can access the webcast through the Investor Relations section of the company's website. Monroe Capital Corporation is a specialty finance company focusing on secured debt investments in middle-market companies, aiming to provide high total returns to its shareholders.
Monroe Capital Corporation (NASDAQ: MRCC) declared a cash distribution of $0.25 per share for Q3 2021, payable on September 30, 2021. Stockholders of record as of September 16, 2021 will receive the payment. Those enrolled in the dividend reinvestment plan will automatically reinvest their distributions unless they opt out. The investment firm's objective is to maximize total returns for its stockholders through income and capital appreciation, investing primarily in middle-market companies.
Monroe Capital Corporation (MRCC) reported its Q2 2021 financial results, showing a Net Investment Income of $5.2 million ($0.24 per share) and an Adjusted Net Investment Income of $5.3 million ($0.25 per share). The company achieved a Net Asset Value (NAV) of $244.8 million ($11.36 per share), reflecting a 2.5% increase over Q1 2021. Monroe's portfolio consisted of 91 companies valued at $530 million. Additionally, the company maintained a quarterly dividend of $0.25 per share, covering its dividend consistently. Debt-to-equity leverage rose from 0.94 to 1.05, indicating an active investment strategy.
Monroe Capital Corporation (MRCC) will release its second quarter 2021 financial results on August 3, 2021, post-market. A conference call to discuss these results is scheduled for August 4, 2021, at 11:00 am ET. Investors can join the call by dialing (877) 312-8807 and referencing conference ID #3944659. Monroe Capital specializes in offering senior, unitranche, and junior secured debt investments in middle-market companies with an aim to maximize returns for shareholders.
Monroe Capital Corporation (NASDAQ: MRCC) has declared a cash distribution of $0.25 per share for Q2 2021, payable on June 30, 2021. Stockholders of record as of June 16, 2021 are eligible. The company offers a dividend reinvestment plan, allowing automatic reinvestment for those not opting for cash. Monroe Capital specializes in senior, unitranche, and junior secured debt investments in middle-market companies, aiming to maximize total returns for stockholders.
Monroe Capital Corporation (MRCC) reported robust financial results for Q1 2021, achieving a net investment income of $5.3 million, or $0.25 per share. The adjusted net investment income remained steady at $5.4 million, maintaining a similar per share value. Notably, the net asset value increased to $236.2 million, or $11.08 per share, driven by net unrealized gains despite realized losses from debt extinguishment. The company issued $130 million in 4.75% senior unsecured notes and redeemed the $109 million 5.75% 2023 Notes. A quarterly dividend of $0.25 per share was paid on March 31, 2021.
Monroe Capital Corporation (NASDAQ: MRCC) plans to report its first quarter 2021 financial results on May 4, 2021, after market close. A webcast and conference call to discuss these results will take place on May 5, 2021, at 11:00 AM ET. Investors can access the webcast via the company's Investor Relations page. Monroe Capital Corporation specializes in investing in secured and unsecured debt and equity investments focused on maximizing stockholder returns.
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