Here are the 8-K filings from MidCap Financial Investment Corporation 8.00% Notes due 2028 (MFICL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An 8-K covers material events a company has to report between its quarterly reports, so if you follow MFICL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MFICL filings page.
MidCap Financial Investment Corp. (MFIC) reported third-quarter net investment income of $27.596 million, compared with $35.307 million a year earlier, and a $16.435 million net decrease in assets from operations versus a $27.454 million increase. Net investment income was $0.34 per share, compared with $0.40 in the prior quarter; NAV was $12.86 per share as of September 30, 2026, versus $13.37 as of June 30, 2026. The board declared a $0.31 quarterly dividend, payable December 22, 2026, to stockholders of record December 8, 2026.
Under a definitive merger agreement, Ares Capital Corporation (ARCC) is to acquire MFIC, subject to stockholder approval and other closing conditions. In connection with the transaction, MFIC has suspended its share repurchase program and will suspend its dividend reinvestment plan in the near term. At September 30, 2026, debt outstanding was $1.58 billion and remaining capacity under its revolving credit facility was $962 million, subject to borrowing-base compliance. Upon closing, the facility is expected to be repaid in full and terminated; ARCC may request optional redemption notices for MFIC's senior unsecured notes, conditioned on closing.
MidCap Financial Investment Corporation (MFIC) agreed to merge with Ares Capital Corporation, the acquirer, in a transaction with approximately $2.6 billion in total enterprise value. If completed, MFIC stockholders would receive $10.88 per fully diluted share: approximately $1.21 in cash and approximately $9.67 in Ares Capital common stock, with the stock portion reduced for qualifying MFIC tax dividends. The exchange ratio is tied to Ares Capital’s net asset value per share and share price; MFIC holders share 50% of any share-price premium up to 104.5% of net asset value, with maximum stock value equal to 102.25% of net asset value.
Both boards unanimously approved the agreement. Closing is expected in the first half of 2027, subject to MFIC stockholder approval and other conditions. MFIC suspended its share repurchase program. Apollo Principal Holdings A, L.P. and MidCap Financial Trust, Apollo affiliates that together beneficially own approximately 5.2% of MFIC common stock, agreed to vote for the merger and against competing proposals. MFIC’s preliminary net asset value estimate was approximately $12.86 per share as of September 30, 2026. Under specified termination circumstances, MFIC must pay Ares Capital a $31,360,000 fee.
MidCap Financial Investment Corporation reported results for the quarter ended June 30, 2026. Net investment income was $32.8 million, or $0.40 per share, compared with $0.39 per share in the prior-year quarter and $0.38 per share in the prior quarter. Net realized and unrealized losses of $50.3 million led to a net decrease in net assets from operations of $17.5 million, or $(0.21) per share.
Net asset value was $13.37 per share as of June 30, 2026, down from $13.82 as of March 31, 2026. During the quarter, the company repurchased 2,755,221 shares for $31.9 million at an average price of $11.58, about a 15% discount to average NAV, generating roughly $0.07 per share of NAV accretion. The board declared a $0.31 per share quarterly dividend, payable September 24, 2026, to stockholders of record on September 8, 2026.
MidCap Financial Investment Corporation held its Annual Meeting of Stockholders on June 18, 2026, where stockholders voted on director elections and auditor ratification. As of the April 22, 2026 record date, 82,372,628 common shares were eligible to vote.
Stockholders elected Class I directors Emanuel Pearlman and Tanner Powell to three-year terms. Pearlman received 26,016,665 votes for and 7,974,177 withheld, while Powell received 32,255,769 votes for and 1,735,073 withheld, with 25,515,223 broker non-votes on each.
Stockholders also ratified Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 57,957,195 votes for, 755,211 against and 793,659 abstentions.
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 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.