NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) (the “Company”) announced today that it will report results for the quarter ended September 30, 2025, after the closing of the Nasdaq Global Select Market on Thursday, November 6, 2025. The Company will also host a conference call on Friday, November 7, 2025, at 8:30 a.m. Eastern Time. All interested parties are welcome to participate in the conference call by dialing (800) 225-9448 approximately 5-10 minutes ...

NEW YORK, Oct. 02, 2025 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) (the “Company”) announced today that it has amended and extended its senior secured, multi-currency, revolving credit facility (the “Facility”). Lender commitments under the Facility total $1.610 billion, a decrease of $50 million. The final maturity date under the Facility was extended from October 17, 2029, to October 1, 2030. The applicable margin under the Facility was reduced by 10 basis points to 177.5 b ...

Financial Data and Key Metrics Changes - Net investment income (NII) per share was $0.39 for the quarter, corresponding to an annualized return on equity (ROE) of 10.5% [11] - GAAP net income per share was $0.19, corresponding to an annualized ROE of 5.2% [11] - Net asset value (NAV) per share was $14.75, down 1.2% compared to the prior quarter [11] Business Line Data and Key Metrics Changes - MFIC made $262 million of new commitments across 29 transactions during the quarter [12] - The weighted average spread on new commitments was 538 basis points, with a slight increase compared to the prior quarter [12][23] - The weighted average net leverage on new commitments was 4.0 times, down from 4.2 times in the prior quarter [23] Market Data and Key Metrics Changes - The quarter began with heightened volatility due to U.S. tariffs, but market sentiment improved as tariffs were paused and trade deals were struck [20] - The labor market showed resilience with steady unemployment, and the Federal Reserve kept its policy rate unchanged [20] - The weighted average yield at cost of the direct origination portfolio was 10.5%, down from 10.7% in the prior quarter [35] Company Strategy and Development Direction - The company is focused on lending to the core middle market on a first lien senior secured basis, which offers attractive risk-adjusted returns [22] - The reduction in exposure to Merx is expected to provide capital for deployment into first lien middle market loans, which are believed to deliver higher returns [17] - The company intends to redeploy capital repaid from Merx to enhance earnings power and strengthen dividend coverage [18] Management's Comments on Operating Environment and Future Outlook - Management noted that the M&A pipeline is building, with sponsors remaining active despite previous uncertainties [55] - The company expects a busy second half of the year with plenty of opportunities to deploy capital [55] - Management expressed confidence in covering the declared dividend of $0.38 per share through net investment income, despite potential base rate pressures [90] Other Important Information - The company reported total investment income of approximately $81.3 million, up 3.2% compared to the prior quarter [33] - Total principal debt outstanding was $2.05 billion, with total net assets standing at $1.3 billion [38] - The company received an $8.5 million pay down from Merx during the quarter [24] Q&A Session Summary Question: Can you clarify the structure of the remaining investment in Merx? - The remaining investment consists of four aircraft and a servicing platform, with 40% of the remaining exposure related to servicing contracts [43][44] Question: What are the expectations for investment activity in the second half of the year? - The company anticipates a busy second half with a growing M&A pipeline and active sponsors, which should provide ample opportunities for deployment [55] Question: How does the company view the current leverage levels? - The company is comfortable with the current leverage levels and expects them to remain within target ranges, especially with anticipated M&A activity [56][58] Question: What is the expected impact of the Merx transactions on NAV? - The Merx transactions are expected to result in a positive impact to NAV in the high single-digit per share range, specifically between $0.06 to $0.09 [94]

Financial Performance - Net investment income for the quarter ended June 30, 2025, was $364 million, or $039 per share[9] - Net realized and change in unrealized losses on investments for the quarter were $(180) million, or $(020) per share[9] - Net asset value per share decreased by 12% to $1475 as of the end of the quarter[9] Investment Portfolio - The total investment portfolio amounted to $333 billion, diversified across 249 portfolio companies and 51 industries[10] - Direct origination and other investments represented 92% of the total portfolio[10] - Non-accrual investments accounted for 20% of the total portfolio at fair value[10] - New investment commitments totaled $262 million across 31 companies, averaging $844 million per commitment[9] Portfolio Composition & Characteristics - The direct origination portfolio was primarily composed of first lien loans, representing 99% of the portfolio[10] - The direct origination portfolio was 100% floating rate[10] - Sponsored investments accounted for 90% of the direct origination portfolio[10] Funding and Leverage - Gross fundings for the quarter, excluding revolver fundings, totaled $254 million[9] - Net fundings, including revolvers, totaled $144 million for the quarter[9] - The company's net leverage ratio was 144x as of June 30, 2025[9]

Core Insights - MidCap Financial Investment (MFIC) reported revenue of $81.25 million for the quarter ended June 2025, reflecting a year-over-year increase of 17.5% [1] - The earnings per share (EPS) for the quarter was $0.39, down from $0.45 in the same quarter last year [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $81.65 million, resulting in a revenue surprise of -0.5% [1] - The company achieved an EPS surprise of +5.41%, exceeding the consensus estimate of $0.37 [1] Financial Performance Metrics - Interest income was reported at $75.7 million, which is a 15.6% increase year-over-year but below the average estimate of $80.07 million from three analysts [4] - Other income was reported at $0.2 million, significantly lower than the estimated $0.73 million, representing a year-over-year decline of 77.8% [4] - Dividend income also fell to $0.2 million, compared to the estimated $0.55 million, marking a 33.3% decrease from the previous year [4] Stock Performance - Over the past month, shares of MidCap Financial have returned -4.3%, contrasting with the Zacks S&P 500 composite's increase of +2.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Viewpoint - MidCap Financial Investment (MFIC) reported quarterly earnings of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.37 per share, but down from $0.45 per share a year ago, indicating a mixed performance in earnings despite a positive surprise this quarter [1][2]. Financial Performance - The company posted revenues of $81.25 million for the quarter ended June 2025, which missed the Zacks Consensus Estimate by 0.5% and represents an increase from $69.16 million year-over-year [2]. - Over the last four quarters, MidCap Financial has surpassed consensus EPS estimates two times, but has not beaten consensus revenue estimates during the same period [2]. Stock Performance - MidCap Financial shares have declined approximately 6.7% since the beginning of the year, contrasting with the S&P 500's gain of 8.6% [3]. - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $82.39 million, and for the current fiscal year, it is $1.50 on revenues of $325.08 million [7]. Industry Outlook - The Financial - Miscellaneous Services industry, to which MidCap Financial belongs, is currently ranked in the top 25% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]. - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact MidCap Financial's stock performance [5].

[Executive Summary & Recent Highlights](index=1&type=section&id=1.%20Executive%20Summary%20%26%20Recent%20Highlights) [Q2 2025 Financial Performance Overview](index=1&type=section&id=1.1%20Q2%202025%20Financial%20Performance%20Overview) MidCap Financial Investment Corporation reported a net investment income of $0.39 per share for Q2 2025, an increase from the previous quarter, while net asset value per share saw a slight decrease. The Board declared a dividend of $0.38 per share Key Financial Metrics (Per Share) | Metric | Q2 2025 (June 30, 2025) | Q1 2025 (March 31, 2025) | Change | | :------------------------ | :---------------------- | :--------------------- | :----- | | Net Investment Income per share | $0.39 | $0.37 | +$0.02 | | Net Asset Value (NAV) per share | $14.75 | $14.93 | -$0.18 (-1.2%) | - The Board declared a dividend of **$0.38 per share** payable on September 25, 2025, to stockholders of record as of September 9, 2025[2](index=2&type=chunk) [Key Operational and Strategic Highlights](index=1&type=section&id=1.2%20Key%20Operational%20and%20Strategic%20Highlights) The company made significant new investment commitments and fundings during the quarter, maintained its credit rating, and appointed a new CFO. A notable post-quarter event includes an expected substantial repayment from Merx Aviation Finance, reducing portfolio exposure - New investment commitments made during the quarter totaled **$262 million**[2](index=2&type=chunk) - Gross fundings, excluding revolver fundings, totaled **$254 million** for the quarter[2](index=2&type=chunk) - Net fundings, including revolvers, totaled **$144 million** for the quarter[2](index=2&type=chunk) - Net leverage was **1.44x** as of June 30, 2025[2](index=2&type=chunk) - KBRA affirmed MFIC's **BBB- rating** and maintained its **Positive Outlook** in June[2](index=2&type=chunk) - Kenneth Seifert was appointed Chief Financial Officer and Treasurer, effective June 30, 2025[2](index=2&type=chunk) - The Company expects to receive a net repayment of approximately **$90 million** from Merx Aviation Finance, LLC, during the September quarter, reducing its exposure to approximately **2.8%** of the total portfolio, at fair value[2](index=2&type=chunk)[3](index=3&type=chunk) [CEO Commentary](index=2&type=section&id=1.3%20CEO%20Commentary) CEO Tanner Powell highlighted continued disciplined capital deployment into MidCap Financial-sourced assets despite a competitive environment. He noted that NAV declined due to challenges faced by a few companies but expressed optimism regarding the expected significant repayment from Merx Aviation Finance, anticipating accretive earnings from capital redeployment - The Company continued to deploy capital into assets sourced by MidCap Financial, maintaining disciplined underwriting despite a competitive environment[3](index=3&type=chunk) - NAV declined due to challenges faced by a handful of companies[3](index=3&type=chunk) - Merx Aviation Finance successfully completed a sale transaction and received additional payments from insurers, expected to lead to a post-quarter net repayment of approximately **$90 million** to MFIC, reducing the investment in Merx by nearly half[3](index=3&type=chunk) - The redeployment of capital from Merx is expected to be accretive to earnings going forward[3](index=3&type=chunk) [Financial Performance Analysis](index=3&type=section&id=2.%20Financial%20Performance%20Analysis) [Consolidated Financial Highlights](index=3&type=section&id=2.1%20Consolidated%20Financial%20Highlights) The company's total assets and investment portfolio increased from March 31, 2025, to June 30, 2025, while net asset value per share slightly decreased. Debt and leverage ratios also saw an increase over the quarter Financial Highlights (in billions, except per share data) | Metric | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | | :-------------------------- | :------------ | :------------- | :---------------- | :----------------- | :------------ | | Total assets | $3.46 | $3.36 | $3.19 | $3.22 | $2.55 | | Investment portfolio (fair value) | $3.33 | $3.19 | $3.01 | $3.03 | $2.44 | | Debt outstanding | $2.05 | $1.94 | $1.75 | $1.77 | $1.51 | | Net assets | $1.38 | $1.39 | $1.40 | $1.42 | $1.00 | | Net asset value per share | $14.75 | $14.93 | $14.98 | $15.10 | $15.38 | | Debt-to-equity ratio | 1.49 x | 1.39 x | 1.25 x | 1.25 x | 1.51 x | | Net leverage ratio | 1.44 x | 1.31 x | 1.16 x | 1.16 x | 1.45 x | [Operating Results](index=3&type=section&id=2.2%20Operating%20Results) For the three months ended June 30, 2025, Net Investment Income increased year-over-year, but the company experienced a significant increase in net realized and unrealized losses, leading to a decrease in net assets resulting from operations and basic earnings per share compared to the prior year Consolidated Operating Results (in millions, except per share data) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------------ | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Net investment income | $36.4 | $29.5 | $70.7 | $58.1 | | Net realized and change in unrealized gains (losses) | $(18.3) | $(7.0) | $(22.2) | $(10.0) | | Net increase in net assets resulting from operations | $18.1 | $22.6 | $48.4 | $48.0 | | Net investment income on per average share basis | $0.39 | $0.45 | $0.76 | $0.89 | | Net realized and change in unrealized gain (loss) per share | $(0.20) | $(0.11) | $(0.24) | $(0.15) | | Earnings per share — basic | $0.19 | $0.35 | $0.52 | $0.74 | [Investment Income Breakdown](index=8&type=section&id=2.2.1%20Investment%20Income%20Breakdown) Total investment income for the three months ended June 30, 2025, increased to $81.2 million from $69.2 million in the prior year, primarily driven by higher interest income from non-controlled/non-affiliated investments Investment Income (in thousands) | Category | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------------------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Interest income (excl. PIK) - Non-controlled/non-affiliated | $70,230 | $60,146 | $138,301 | $120,142 | | PIK interest income - Non-controlled/non-affiliated | $4,770 | $2,438 | $9,171 | $4,433 | | Total Investment Income | $81,247 | $69,156 | $159,945 | $137,486 | [Expenses Analysis](index=8&type=section&id=2.2.2%20Expenses%20Analysis) Total expenses for the three months ended June 30, 2025, increased to $45.1 million from $39.9 million in the prior year, mainly due to higher interest and other debt expenses, partially offset by lower performance-based incentive fees Expenses (in thousands) | Category | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Management fees | $6,079 | $4,389 | $12,140 | $8,775 | | Performance-based incentive fees | $3,849 | $5,572 | $10,282 | $11,610 | | Interest and other debt expenses | $32,581 | $26,992 | $63,044 | $53,170 | | Total expenses | $45,130 | $39,882 | $90,351 | $79,836 | [Net Investment Income](index=8&type=section&id=2.2.3%20Net%20Investment%20Income) Net investment income for the three months ended June 30, 2025, was $36.4 million, an increase of 23.4% compared to $29.5 million for the same period in 2024 - Net Investment Income for the three months ended June 30, 2025, was **$36,397 thousand**, up from **$29,541 thousand** in the prior year[22](index=22&type=chunk) - Net Investment Income for the six months ended June 30, 2025, was **$70,680 thousand**, compared to **$58,084 thousand** in the prior year[22](index=22&type=chunk) [Net Realized and Unrealized Gains (Losses)](index=8&type=section&id=2.2.4%20Net%20Realized%20and%20Unrealized%20Gains%20(Losses)) The company reported a net realized and change in unrealized losses of $18.3 million for the three months ended June 30, 2025, significantly higher than the $7.0 million loss in the prior year, primarily driven by increased net realized losses from non-controlled/non-affiliated investments and foreign currency transactions - Net realized losses for the three months ended June 30, 2025, totaled **$(17,238) thousand**, compared to **$(15,638) thousand** in the prior year[22](index=22&type=chunk) - Net change in unrealized losses for the three months ended June 30, 2025, was **$(1,044) thousand**, a decrease from a gain of **$8,652 thousand** in the prior year[22](index=22&type=chunk) - Total Net Realized and Change in Unrealized Gains (Losses) for the three months ended June 30, 2025, was **$(18,282) thousand**, compared to **$(6,986) thousand** in the prior year[22](index=22&type=chunk) [Earnings Per Share](index=8&type=section&id=2.2.5%20Earnings%20Per%20Share) Basic earnings per share for the three months ended June 30, 2025, decreased to $0.19 from $0.35 in the prior year, reflecting the impact of increased net realized and unrealized losses despite higher net investment income - Basic Earnings Per Share for the three months ended June 30, 2025, was **$0.19**, down from **$0.35** in the same period of 2024[22](index=22&type=chunk) - Basic Earnings Per Share for the six months ended June 30, 2025, was **$0.52**, down from **$0.74** in the same period of 2024[22](index=22&type=chunk) [Portfolio and Investment Activity](index=3&type=section&id=3.%20Portfolio%20and%20Investment%20Activity) [Investment Activity Summary](index=3&type=section&id=3.1%20Investment%20Activity%20Summary) Net investment activity for the three months ended June 30, 2025, was $144.0 million, a substantial increase from $90.5 million in the prior year, driven by higher investments made in portfolio companies. The number of portfolio companies increased to 249 Portfolio and Investment Activity (in millions) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Investments made in portfolio companies | $288.7 | $245.4 | $680.6 | $398.2 | | Investments sold | $(14.9) | — | $(58.9) | — | | Investments repaid | $(129.9) | $(154.9) | $(307.4) | $(291.7) | | Net investment activity | $144.0 | $90.5 | $314.4 | $106.4 | | Portfolio companies at end of period | 249 | 165 | 249 | 165 | | Number of investments in new portfolio companies | 14 | 18 | 34 | 25 | [Portfolio Composition and Yields](index=6&type=section&id=3.2%20Portfolio%20Composition%20and%20Yields) As of June 30, 2025, the portfolio primarily consisted of first lien secured debt (93%), with a weighted average yield of 10.4% for total secured debt. The vast majority (99%) of the portfolio's interest rate type is floating rate Portfolio Composition and Weighted Average Yields | Metric | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | | :------------------------------------ | :------------ | :------------- | :---------------- | :----------------- | :------------ | | First lien secured debt (fair value) | 93% | 93% | 92% | 91% | 90% | | Second lien secured debt (fair value) | 0% | 0% | 1% | 1% | 1% | | Total secured debt (fair value) | 93% | 93% | 93% | 92% | 91% | | Weighted average yield (Total secured debt, amortized cost) | 10.4% | 10.5% | 10.8% | 11.1% | 11.9% | | Floating rate, as percentage of total (fair value) | 99% | 99% | 99% | 99% | 100% | [Capital Structure and Liquidity](index=3&type=section&id=4.%20Capital%20Structure%20and%20Liquidity) [Consolidated Statements of Assets and Liabilities](index=7&type=section&id=4.1%20Consolidated%20Statements%20of%20Assets%20and%20Liabilities) As of June 30, 2025, total assets increased to $3.46 billion from $3.19 billion at December 31, 2024, primarily driven by an increase in investments at fair value. Total liabilities also increased, mainly due to higher debt outstanding Consolidated Statements of Assets and Liabilities (in thousands) | Metric | June 30, 2025 (Unaudited) | December 31, 2024 | | :-------------------------------------------------- | :------------------------ | :---------------- | | Total Assets | $3,461,883 | $3,190,950 | | Investments at fair value (Non-controlled/non-affiliated) | $2,896,424 | $2,605,329 | | Debt | $2,051,654 | $1,751,621 | | Total Liabilities | $2,085,962 | $1,786,304 | | Net Assets | $1,375,921 | $1,404,646 | | Net Asset Value Per Share | $14.75 | $14.98 | [Debt and Liquidity Profile](index=4&type=section&id=4.2%20Debt%20and%20Liquidity%20Profile) The company's total outstanding debt obligations were $2,058 million as of June 30, 2025, composed of various senior unsecured notes, CLO notes, and a senior secured facility. The company had $409 million in available capacity under its Senior Secured Facility - Total outstanding debt obligations, excluding deferred financing cost and debt discount, totaled **$2,058 million** as of June 30, 2025[13](index=13&type=chunk) - Debt was comprised of **$125 million** Senior Unsecured Notes (due July 16, 2026), **$80 million** Senior Unsecured Notes (due December 15, 2028), **$232 million** Class A-1 Notes in MFIC Bethesda CLO 1 LLC, **$399 million** secured debt in MFIC Bethesda CLO 2 LLC, and **$1,222 million** outstanding under the Senior Secured Facility[13](index=13&type=chunk) - Available remaining capacity under the Senior Secured Facility was **$409 million** as of June 30, 2025[13](index=13&type=chunk) [Share Repurchase Program](index=4&type=section&id=4.3%20Share%20Repurchase%20Program) No shares were repurchased during the three months ended June 30, 2025. Since inception, the company has repurchased 16.1 million shares for $254.2 million, with $20.8 million remaining under the current authorization - No shares were repurchased during the three months ended June 30, 2025[11](index=11&type=chunk) - Since inception through August 8, 2025, the Company repurchased **16,069,776 shares** at a weighted average price of **$15.82 per share**, for a total cost of **$254.2 million**[11](index=11&type=chunk) - A maximum of **$20.8 million** remains available for future purchases under the current Board authorization of **$275 million**[11](index=11&type=chunk) [Corporate Information and Disclosures](index=5&type=section&id=5.%20Corporate%20Information%20and%20Disclosures) [Conference Call and Webcast Details](index=5&type=section&id=5.1%20Conference%20Call%20and%20Webcast%20Details) MidCap Financial Investment Corporation will host a conference call and webcast on August 12, 2025, to discuss its financial results, with replay options available - The Company will host a conference call on Tuesday, August 12, 2025, at **8:30 a.m. Eastern Time**[15](index=15&type=chunk) - A simultaneous webcast will be available on the Company's website at www.midcapfinancialic.com, with telephonic and audio webcast replays also available[15](index=15&type=chunk) [Supplemental Information](index=5&type=section&id=5.2%20Supplemental%20Information) The company offers a supplemental information package on its website to provide additional transparency and detail regarding its financial results - A supplemental information package is available in the Shareholders section of the Company's website under Presentations at www.midcapfinancialic.com[16](index=16&type=chunk) [About MidCap Financial Investment Corporation](index=9&type=section&id=5.3%20About%20MidCap%20Financial%20Investment%20Corporation) MidCap Financial Investment Corporation is a closed-end, externally managed business development company (BDC) advised by an affiliate of Apollo Global Management. Its primary objective is to generate current income and long-term capital appreciation by investing mainly in directly originated first lien senior secured loans to U.S. middle-market companies - MidCap Financial Investment Corporation (NASDAQ: MFIC) is a closed-end, externally managed, diversified management investment company that has elected to be treated as a business development company (BDC) and a regulated investment company (RIC)[26](index=26&type=chunk) - The Company is externally managed by an Investment Adviser, an affiliate of Apollo Global Management, Inc[26](index=26&type=chunk) - Its investment objective is to generate current income and, to a lesser extent, long-term capital appreciation, primarily by investing in directly originated and privately negotiated first lien senior secured loans to privately held U.S. middle-market companies (generally defined as companies with less than **$75 million** in EBITDA)[26](index=26&type=chunk) [Important Information and Forward-Looking Statements](index=9&type=section&id=5.4%20Important%20Information%20and%20Forward-Looking%20Statements) The report includes standard disclaimers advising investors to review the prospectus for risks, noting that the information is not an offer to sell securities, and emphasizing that past performance does not guarantee future results. It also contains forward-looking statements subject to various risks and uncertainties - Investors are advised to carefully consider the investment objective, risks, charges, and expenses of the Company before investing and to read the prospectus filed with the SEC[23](index=23&type=chunk) - This communication does not constitute an offer to sell or the solicitation of an offer to buy securities[24](index=24&type=chunk) - Past performance is not indicative of, or a guarantee of, future performance, and investment return and principal value will fluctuate[25](index=25&type=chunk) - The press release contains forward-looking statements that involve risks and uncertainties, and actual results could differ materially from projections due to various factors[27](index=27&type=chunk) [Investor Relations Contact](index=11&type=section&id=5.5%20Investor%20Relations%20Contact) Contact information for investor relations is provided for inquiries - For investor relations inquiries, contact Elizabeth Besen, Investor Relations Manager, at **212.822.0625** or ebesen@apollo.com[29](index=29&type=chunk)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-00646 MIDCAP FINANCIAL INVESTMENT CORPORATION (Exact name of Registrant as specified in its charter) Maryland 52-2439556 (State or other jurisdiction of in ...

Financial Results - The company's net investment income for the quarter ended June 30, 2025, was $0.39 per share, an increase from $0.37 per share for the quarter ended March 31, 2025 [1][7] - The net asset value (NAV) per share decreased to $14.75 as of June 30, 2025, down from $14.93 as of March 31, 2025, representing a decline of 1.2% [1][7] - Total assets increased to $3.46 billion as of June 30, 2025, compared to $3.36 billion as of March 31, 2025 [6] Investment Activity - New investment commitments during the quarter totaled $262 million, with gross fundings (excluding revolver fundings) amounting to $254 million [7] - The company reported net fundings of $144 million for the quarter, with direct origination revolver fundings totaling $35 million and repayments totaling $28 million [4][7] - The company expects to receive a net repayment of approximately $90 million from Merx Aviation Finance, LLC, which will reduce its exposure to Merx to about 2.8% of the total portfolio at fair value [3][7] Dividend Declaration - On August 5, 2025, the Board declared a dividend of $0.38 per share, payable on September 25, 2025, to stockholders of record as of September 9, 2025 [2][7] Debt and Leverage - The company's net leverage ratio was reported at 1.44x as of June 30, 2025, compared to 1.31x as of March 31, 2025 [8] - Outstanding debt obligations totaled $2.05 billion as of June 30, 2025, with a debt-to-equity ratio of 1.49x [8][15] Portfolio Composition - As of June 30, 2025, the portfolio composition included 93% first lien secured debt and 1% common equity/interests and warrants [17][18] - The weighted average yield on the total portfolio was reported at 9.2% [18] Management Changes - The company appointed Kenneth Seifert as Chief Financial Officer and Treasurer, effective June 30, 2025 [7]

Group 1 - The article focuses on low-duration, high-yield investments, specifically highlighting MidCap Financial Investment Corporation (NASDAQ: MFIC) as a popular Business Development Company (BDC) in the industry [1] - The investing group Trade With Beta, led by Denislav, offers features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, hedging strategies, and an actively managed portfolio [1] - The article emphasizes the importance of active investor participation and provides a platform for discussion among sophisticated traders and investors [1]