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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) announced the date for its first quarter 2023 financial results release, scheduled for May 10, 2023, after market close. A conference call and webcast are set for May 11, 2023, at 11:00 AM ET for discussing these results. Investors can find the link to the webcast on the Company's investor relations page. Monroe Capital is a specialty finance company investing mainly in senior, unitranche, and junior secured debt of middle-market companies, aiming for total return through current income and capital appreciation.
The Company operates under the investment adviser Monroe Capital BDC Advisors, LLC and has been recognized for excellence in private debt and credit markets.
Monroe Capital Corporation (MRCC) reported financial results for Q4 and full-year 2022, revealing a net investment income of $5.5 million, equating to $0.25 per share. Adjusted net investment income for Q4 was $5.6 million or $0.26 per share, down from $7.1 million in Q3. The net asset value (NAV) decreased by 0.4% to $225.0 million, while total investments reached $541 million, up from $508 million. The company declared a dividend of $0.25 per share, with a current cash yield of approximately 11.9%. Despite increased portfolio yield, net unrealized losses impacted overall performance. The company noted increased debt-to-equity leverage at 1.49 times, primarily from investment activity.
Monroe Capital Corporation (NASDAQ: MRCC) will report its fourth quarter and full year 2022 financial results on March 1, 2023, after market close. A webcast and conference call to discuss these results is scheduled for March 2, 2023, at 11:00 am ET. Investors can access the webcast through the company’s Investor Relations page.
Monroe Capital focuses on investing in senior, unitranche and junior secured debt in middle-market companies. The Company aims to maximize total return for stockholders through current income and capital appreciation.
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