NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) (the "Company") announced today that it will report results for the quarter ended June 30, 2024, after the closing of the Nasdaq Global Select Market on Wednesday, August 7, 2024. The Company will host a conference call on Thursday, August 8, 2024, at 8:30 a.m. Eastern Time. All interested parties are welcome to participate in the conference call by dialing (800) 343-5172 approximately 5-10 minutes prior to th ...

Midcap Financial Investment Corp. (MFIC) and Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.'s (collectively referred to as "CEF") proposed merger received approval from CEF Stockholders recently. The approval was granted during the special stockholders meeting on Jun 21, 2024. On May 28, 2024, MFIC's stockholders approved the merger in a special meeting. The merger is expected to be closed in late July, subject to fulfillment of customary closing conditions. Stockholders of CEF w ...

Portfolio Review, Non-Accruals, NII Performance MidCap Financial Investment is a diversified business development company with a large focus on Senior Secured loans. The BDC owned a $2.35 billion portfolio, as of March 2024, with First Liens accounting for a whopping 97% of investments in the corporate lending portfolio. MidCap Financial Investment is also, as I alluded to in my last review of the business development company in December 2023, heavily geared towards floating-rate loans (100% of the corporat ...

J Studios/DigitalVision via Getty ImagesOverview I've covered a ton of business development companies ('BDC') in the last month, and there aren't many opportunities for attractive price entries in the sector. This is due to the mass price run of many quality BDCs, as they've all thrived in a higher interest rate environment. However, I believe that we have an attractive opportunity with MidCap Financial Investment Corp (NASDAQ:MFIC) as they are currently in the process of completing a merger. MFIC opera ...

With the repayment of one of our few remaining second lien positions, our second lien and other debt exposure is now only about 0.7% of the total corporate lending portfolio. MidCap Financial Investment Corporation (NASDAQ:MFIC) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Elizabeth Besen - Investor Relations Manager Tanner Powell - Chief Executive Officer Ted McNulty - President Greg Hunt - Chief Financial Officer Howard Widra - Executive Chairman Conference Call Participant ...

Confidential and Proprietary - Not for distribution, in whole or in part, without the express written consent of Apollo Global Management, Inc. MidCap Financial Investment Corporation Disclaimers, Definitions and Important Notes Some of the statements in this presentation constitute forward-looking statements because they relate to future events, future performance or financial condition. The forward-looking statements may include statements as to: future operating results of MidCap Financial Investment Cor ...

For the quarter ended March 2024, MidCap Financial Investment (MFIC) reported revenue of $68.33 million, up 0.8% over the same period last year. EPS came in at $0.44, compared to $0.45 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $69.48 million, representing a surprise of -1.66%. The company delivered an EPS surprise of +2.33%, with the consensus EPS estimate being $0.43.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...

Exhibit 99.1 MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended March 31, 2024 Results for the Quarter Ended March 31, 2024 and Other Recent Highlights: • Net investment income per share for the quarter was $0.44, compared to $0.46 for the quarter ended December 31, 2023 • Net asset value per share as of the end of the quarter was $15.42, compared to $15.41 as of December 31, 2023 • New investment commitments made during the quarter totaled $149 million(1) • Gross fundin ...

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 March 31, 2024 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 incorporation or or ...

Tanner Powell dynamics in our underlying companies, is that at this juncture, price increases have been put through, and we've lapped some of the worst, of the inflation and helping to provide, for some resilient performance in our underlying companies. Thank you. [Operator Instructions] Our next question comes from Paul Johnson with KBW. Please go ahead. Thanks for the question, Paul. I'd make a couple of comments to address your questions there. First of which we are not changing our leverage guidance. I ...