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.
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.
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.