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MidCap Financial Investment (MFIC) - 2024 Q1 - Quarterly Report
2023-08-02 20:03
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, 2023 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 org ...
MidCap Financial Investment (MFIC) - 2023 Q1 - Earnings Call Transcript
2023-05-03 18:40
MidCap Financial Investment Corporation (NASDAQ:MFIC) Q1 2023 Earnings Conference Call May 3, 2023 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 Participants Mark Hughes - Truist Securities Kenneth Lee - RBC Capital Markets Kyle Joseph - Jefferies Sean-Paul Adams - Raymond James Paul Johnson - KBW Melissa Wedel - JPMorgan Jordan ...
MidCap Financial Investment (MFIC) - 2023 Q4 - Annual Report
2023-05-02 20:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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, 2023 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 Washington, D.C. 20549 (State or other jurisdiction of incorporation or or ...
MidCap Financial Investment (MFIC) - 2022 Q4 - Earnings Call Transcript
2023-02-22 00:45
MidCap Financial Investment Corporation (NASDAQ:MFIC) Q4 2022 Earnings Conference Call February 21, 2023 5:00 PM 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 Participants Mark Hughes - Truist Robert Dodd - Raymond James Ryan Lynch - KBW Melissa Wedel - JPMorgan Operator Good afternoon, and welcome to the earnings conference call for the ...
MidCap Financial Investment (MFIC) - 2022 Q4 - Earnings Call Presentation
2023-02-21 21:47
Financial Performance (Q4 2022) - Net asset value per share decreased by 2.3% from $15.45 on September 30, 2022 to $15.10 on December 31, 2022[7] - Net investment income was $28 million, or $0.43 per share, compared to $22.6 million, or $0.35 per share in the previous quarter[91] - Net realized and change in unrealized losses on investments were ($26.7) million, or ($0.41) per share, primarily due to losses outside of first lien corporate lending[23] - The company declared a dividend of $0.38 per share[94] Portfolio Composition and Activity - Total portfolio size is $2.40 billion[27] - Corporate lending and other assets constitute 89.1% of the portfolio, amounting to $2.1 billion[54] - Merx Aviation represents 10.9% of the portfolio with a value of $261 million as of December 31, 2022, which subsequently reduced to $199 million or 8.3% of the total portfolio in January 2023 after a $62 million repayment[9, 12] - Gross fundings for the quarter totaled $159 million, while gross exits totaled $207 million, resulting in net repayments of $48 million[24] - New investment commitments made during the quarter totaled $73 million across 9 companies[89] Debt and Leverage - Net leverage was 1.41x as of December 31, 2022[25] - Total debt obligations, net of deferred financing cost and debt discount, were $1,483,394[42] Non-Accrual Status - As of December 31, 2022, 1.9% of total investments at amortized cost, or 0.4% of total investments at fair value, were on non-accrual status[34] Fee Structure - A new fee structure became effective on January 1, 2023, reducing the base management fee to 1.75% on net assets and the incentive fee on income from 20% to 17.5%[26, 10]
MidCap Financial Investment (MFIC) - 2022 Q3 - Earnings Call Transcript
2022-11-05 06:07
MidCap Financial Investment Corporation (NASDAQ:MFIC) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM 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 Participants Kenneth Lee ??? RBC Capital Markets Finian O???Shea ??? Wells Fargo Securities Kyle Joseph ??? Jefferies Melissa Wedel ??? JPMorgan Paul Johnson ??? KBW Opera ...
MidCap Financial Investment (MFIC) - 2023 Q2 - Quarterly Report
2022-11-03 20:03
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 September 30, 2022 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 o ...
MidCap Financial Investment (MFIC) - 2023 Q1 - Quarterly Report
2022-08-02 10:02
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, 2022 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-00646 APOLLO INVESTMENT CORPORATION (Exact name of Registrant as specified in its charter) Maryland 52-2439556 (State or other jurisdiction of incorporation or organization) ...
Apollo Investment (AINV) Investor Presentation - Slideshow
2022-06-10 22:08
Apollo Investment Corporation (AINV) Overview - AINV, a publicly traded BDC, has invested $23 billion in 585 portfolio companies since its IPO in 2004[9] - As of March 31, 2022, AINV's investment portfolio totaled $252 billion across 139 companies[9] - AINV's base distribution yield at market price is 101%, and the base plus supplemental distribution yield is 117%[10] - AINV's market capitalization is $778 million as of June 7, 2022[10] Apollo Global Management (AGM) Affiliation - AINV is externally managed by an affiliate of AGM, a global alternative asset manager with approximately $513 billion of AUM as of March 31, 2022[9] - AGM's credit business has over $370 billion in AUM and 323 investment professionals[13] - MidCap Financial, managed by an Apollo subsidiary, originated over $21 billion in annual originations through March 31, 2022[17] Investment Strategy and Portfolio Composition - Corporate lending constitutes $21 billion, or 828%, of AINV's total portfolio as of March 31, 2022, with a weighted average yield of 77%[32] - First lien investments represent 94% of the corporate lending portfolio, with 99% being floating rate and 87% sponsored[32] - Merx Aviation, AINV's aviation portfolio, accounts for $298 million, or 118%, of the total portfolio[33] - As of March 31, 2022, 13% of total investments at amortized cost, or 06% at fair value, were on non-accrual status[39]
MidCap Financial Investment (MFIC) - 2021 Q4 - Earnings Call Presentation
2022-05-20 19:57
APOLLO APOLLO INVESTMENT CORPORATION Fourth Quarter Fiscal Year 2022 Earnings Three Months Ended March 31, 2022 May 19, 2022 Disclaimers, Definitions, and Important Notes Forward-Looking Statements We make forward-looking statements in this presentation and other filings we make with the Securities and Exchange Commission ("SEC") within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subj ...