Welcome to our dedicated page for Monroe Capital news (Ticker: MRCC), a resource for investors and traders seeking the latest updates and insights on Monroe Capital stock.
Monroe Capital Corporation (NASDAQ: MRCC) is a publicly traded specialty finance company and business development company that principally invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in middle-market companies. The MRCC news feed highlights company announcements that explain how this investment strategy is implemented over time.
News items for MRCC commonly include quarterly earnings releases, where the company reports Net Investment Income, Adjusted Net Investment Income, changes in net asset value, portfolio composition and leverage metrics. These releases provide detail on investment income, expenses, non-accrual levels and developments in joint ventures such as MRCC Senior Loan Fund I, LLC.
Investors can also follow distribution declarations, as MRCC regularly announces quarterly cash distributions and references its dividend reinvestment plan adopted in 2012. Press releases describe the per-share distribution amount, record date, payment date and indicate that tax characteristics will be reported on Form 1099 and in periodic SEC reports.
A key theme in recent MRCC news is its strategic transaction activity. The company has disclosed a definitive merger agreement under which MRCC would merge with and into Horizon Technology Finance Corporation (HRZN) in a NAV-for-NAV share exchange, as well as an Asset Purchase Agreement for the sale of substantially all of its investment assets to Monroe Capital Income Plus Corporation immediately prior to the merger. Related news from Horizon Technology Finance also discusses this planned combination and its implications for scale and capital.
Additional updates cover corporate actions such as the wind-down and dissolution of MRCC Senior Loan Fund I, LLC, conditional redemption notices for MRCC’s 4.75% Notes due 2026, and scheduling notices for upcoming earnings releases. For readers tracking MRCC, this news page brings together these earnings, distribution, transaction and capital structure announcements in one place for ongoing reference.
Monroe Capital (NASDAQ: MRCC) has announced the schedule for its second quarter 2024 earnings release and conference call. The company will report its financial results on Wednesday, August 7, 2024, after the financial markets close. A webcast and conference call to discuss these results will be held on Thursday, August 8, 2024, at 11:00 a.m. Eastern Time.
Investors can access the webcast through the Investor Relations section of Monroe Capital's website. To join the conference call, participants should dial (800) 715-9871 about 10 minutes before the start time, using the conference ID # 7213559. For those unable to attend the live event, a replay of the webcast will be available on the company's website approximately two hours after the call concludes.
Monroe Capital (NASDAQ: MRCC) has declared a quarterly distribution of $0.25 per share for Q2 2024. The dividend is payable on June 28, 2024, to shareholders on record by June 17, 2024. The company's dividend reinvestment plan, adopted in October 2012, allows distributions to be reinvested in additional shares unless shareholders opt for cash. The tax characteristics of the distribution will be detailed in Form 1099 and included in the company's periodic SEC filing.
Monroe Capital (MRCC) announced its financial results for the first quarter of 2024, with Net Investment Income of $5.5 million and Adjusted Net Investment Income of $5.5 million, resulting in a net increase in net assets of $3.2 million. The Net Asset Value (NAV) was $201.5 million. Monroe's CEO highlighted the 16th consecutive quarter of covering dividends with Adjusted Net Investment Income. Despite a decrease in Adjusted Net Investment Income from the previous quarter, the company remains focused on credit quality and enhancing risk-adjusted returns by leveraging market dynamics.
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