Welcome to our dedicated page for MidCap Financial SEC filings (Ticker: MFIC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
MidCap Financial Investment Corporation filings document the regulatory record for an externally managed closed-end investment company with common stock and 8.00% notes due 2028 listed on the Nasdaq Global Select Market. Recent Form 8-K reports furnish quarterly results and exhibits, including disclosures on net investment income, net asset value, leverage, dividends, portfolio fundings and financial condition.
The company’s filings also cover material financing arrangements, including term debt securitization through MFIC Bethesda CLO 1 LLC, annual proxy matters for director elections and auditor ratification, and governance changes involving directors and finance officers. These records identify the company’s Maryland corporate status, registered securities, board matters, capital structure and reporting exhibits.
MidCap Financial Investment Corporation reported first-quarter 2026 results highlighted by stable income but weaker portfolio marks. Net investment income was $0.38 per share for the quarter ended March 31, 2026, compared with $0.39 per share in the prior quarter, while net asset value per share declined to $13.82 from $14.18.
The Board declared a quarterly dividend of $0.31 per share, payable June 25, 2026, to stockholders of record on June 9, 2026. The company recorded a net loss driven by $61.1 million of realized and unrealized losses, and continued to repurchase shares at a discount to NAV, reducing total assets and debt levels.
MidCap Financial Investment Corporation is holding a fully virtual 2026 annual meeting on June 18, 2026 to elect two Class I directors and ratify Deloitte & Touche LLP as independent auditor for the year ending December 31, 2026.
Stockholders of record on April 22, 2026, when 82,372,628 common shares were outstanding, may vote online, by phone or by mail. The board nominates Emanuel Pearlman as an independent director and CEO Tanner Powell as an interested director for terms expiring at the 2029 annual meeting and unanimously recommends voting in favor of their election and the auditor ratification.
MidCap Financial Investment Corporation reported that Executive Chairman and director Howard Widra will resign from the Board, effective at the close of business on June 18, 2026.
He also informed the Board he will not stand for re-election at the company’s 2026 annual meeting of stockholders, and his decision is not due to any disagreement with the company, its investment adviser, the Board, or their affiliates.
MidCap Financial Investment Corporation reported Q4 and full-year 2025 results and expanded its stock repurchase capacity. Net investment income was $36.0 million, or $0.39 per share, for both the quarter and year, while net losses on investments drove a quarterly loss of $0.14 per share. Net asset value was $14.18 per share as of December 31, 2025, down from $14.66 as of September 30, 2025.
The Board declared a quarterly dividend of $0.31 per share, payable March 26, 2026 to holders of record on March 10, 2026. In Q4 2025 the company repurchased 1,091,753 shares at an average price of $11.81, spending $12.9 million. Since program inception through February 25, 2026, it has bought back 17,161,559 shares for $267.1 million.
The Board authorized a new $100 million stock repurchase plan, lifting total remaining repurchase capacity to approximately $107.9 million. Total assets were $3.32 billion, debt was $2.00 billion, and the net leverage ratio was 1.45x at December 31, 2025. The portfolio remained concentrated in first lien secured, largely floating-rate loans.
MFIC outlines a large, highly diversified investment portfolio focused mainly on first lien secured loans across a wide range of industries. The schedule lists hundreds of term loans, revolvers and delayed draw facilities tied to benchmarks like SOFR, SONIA, EURIBOR and prime, often with stated rate floors.
Borrowers span sectors such as healthcare, technology, consumer products, industrials, transportation, media, chemicals and financial services. Many positions are senior secured debt to private companies, frequently labeled as first lien secured debt with both cash interest and payment-in-kind (PIK) components, and maturities extending into the late 2020s and early 2030s.
The portfolio also includes selected unsecured debt, asset-backed CLO tranches, preferred equity, common equity, membership interests and warrants in issuers including healthcare providers, software firms, specialty finance platforms and consumer brands. Overall, the disclosure emphasizes senior, floating-rate credit exposures complemented by a smaller mix of equity and structured investments.
MidCap Financial Investment Corp’s president and CIO, Ted Aymond McNulty Jr., reported a tax-related share disposition. He had 6,663 shares of common stock withheld at $11.14 per share on February 10, 2026 for tax withholding tied to restricted stock unit vesting. After this, he directly owned 82,321 common shares and indirectly held 15,189 shares through an IRA.
MidCap Financial Investment Corp reported an amended Form 4 for one of its directors covering exempt stock acquisitions tied to merger completions. On July 22, 2024, the director acquired 668 shares and 566 shares of MFIC common stock pursuant to merger agreements with Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc., using exchange ratios of 0.9547 and 0.9441 MFIC shares per former fund share, respectively.
After these transactions, the director beneficially owns 5,342 MFIC shares directly, plus indirect holdings of 3,533 shares in the Elliot Stein Jr. Defined Benefit Plan, 910 shares held by a spouse, and 3,245 shares in an irrevocable trust. The amendment corrects the prior report, which had inadvertently consolidated all ownership as direct rather than separating direct and indirect holdings.
MidCap Financial Investment Corporation furnished an update on its business by issuing a press release with its financial results for the quarter ended September 30, 2025. The company attached this press release as Exhibit 99.1, making the information available to the market in a formal way. The disclosure is treated as being “furnished” rather than “filed,” which limits how it is used for certain legal liability purposes and for incorporation into other regulatory documents.