Welcome to our dedicated page for MidCap Financial news (Ticker: MFIC), a resource for investors and traders seeking the latest updates and insights on MidCap Financial stock.
MidCap Financial Investment Corp (MFIC) delivers specialized financing solutions through senior secured loans and structured credit instruments for middle-market companies. This news hub provides investors with essential updates on corporate developments, financial performance, and strategic initiatives.
Access timely press releases and analysis covering MFIC's earnings reports, portfolio adjustments, leadership announcements, and regulatory filings. Our curated collection serves as a centralized resource for tracking the company's activities in middle-market lending and credit investments.
Key updates on loan portfolio performance, dividend declarations, and industry partnerships are maintained here for efficient research. Bookmark this page for ongoing insights into MFIC's risk management practices and market positioning within the competitive landscape of structured finance.
MidCap Financial Investment (NASDAQ: MFIC) announced stockholder approval for proposed mergers with Apollo Senior Floating Rate Fund (NYSE: AFT) and Apollo Tactical Income Fund (NYSE: AIF). These mergers were previously announced, and further approval is needed. Both AFT and AIF have adjourned their Special Meetings to June 21, 2024, to allow more time for stockholder voting. Currently, 47.08% of AFT and 46.02% of AIF stockholders have voted in favor. Institutional Shareholder Services (ISS) and Glass Lewis recommend voting 'FOR' the proposals. Broadridge Financial Solutions is assisting in vote solicitation.
MidCap Financial Investment (MFIC) reported financial results for the quarter ended March 31, 2024. Net investment income per share was $0.44, compared to $0.46 in the previous quarter. Net asset value per share was $15.42 at the end of the quarter. New investment commitments totaled $149 million. The company declared a dividend of $0.38 per share. Filed a joint proxy statement for proposed mergers with Apollo funds. CEO highlighted stable credit performance and de-risking. Conference call scheduled for May 8, 2024.
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