Monroe Capital Stock Price, News & Analysis

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%.

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.