Monroe Capital Stock Price, News & Analysis

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.

Monroe Capital Corporation (Nasdaq: MRCC) reported its fourth-quarter and full-year 2020 financial results on March 2, 2021. The company achieved a net investment income of $5.3 million for Q4 2020, aligning with its dividend of $0.25 per share. NAV increased to $234.4 million, or $11.00 per share, driven by market recovery. For the full year, net investment income reached $30.4 million, or $1.45 per share. The Board declared a quarterly distribution of $0.25 per share, payable on March 31, 2021. The company also reported significant debt refinancing with lower financing costs, enhancing future earnings potential.

MCAP Acquisition Corporation announced the pricing of its IPO, offering 27,500,000 units at $10.00 each, consisting of one Class A common stock and one-third of a redeemable warrant. The units will start trading on Nasdaq under the symbol 'MACQU' from February 26, 2021, with the offering expected to close on March 2, 2021. The company is formed for mergers or acquisitions and is sponsored by Monroe Capital LLC. The underwriters have a 45-day option to purchase an additional 4,125,000 units. Forward-looking statements highlight that the offering may not complete as planned.

Monroe Capital Corporation (NASDAQ: MRCC) will announce its fourth quarter and full year 2020 financial results on March 2, 2021, after market close. A conference call and webcast to discuss these results is scheduled for March 3, 2021, at 11:00 AM ET. Monroe Capital focuses on investing in senior, unitranche, and junior secured debt, along with other investment types, aiming to maximize shareholder returns through current income and capital appreciation.

Monroe Capital Corporation (NASDAQ: MRCC) has completed a public offering of $130 million in 4.75% notes due 2026. The funds will be utilized to redeem the outstanding 5.75% notes due 2023 and to pay down part of its credit facility, which had $114.9 million in outstanding debt as of January 12, 2021. The new notes will mature on February 15, 2026, with interest payments commencing August 15, 2021. Raymond James & Associates, Inc. served as the book-running manager for the offering.

Monroe Capital Corporation (NASDAQ: MRCC) priced a public offering of $130 million in 4.75% notes due 2026 on January 15, 2021. The notes will mature on February 15, 2026, with semi-annual interest payments starting August 15, 2021. Proceeds will be used to redeem existing 5.75% notes due 2023 and repay part of its credit facility, which had $114.9 million outstanding as of January 12, 2021. The offering, managed by Raymond James & Associates and others, is subject to customary conditions and is expected to close around January 25, 2021.