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Monroe Capital Supports Edustaff's Acquisition of E-Therapy
Businesswire· 2026-03-25 10:00
CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC ("Monroe†) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of E- Therapy by Edustaff, LLC ("Edustaff†), an existing portfolio company of PPC Enterprises, LLC. E- Therapy provides technology-enabled therapy services for schools, including speech-language pathology, occupational therapy, mental health services, and more through virtual and hybrid delivery models. E-Th. ...
MRCC’s $0.75 Payout Looks Generous Until You See Where the Stock Is Headed
Yahoo Finance· 2026-03-23 19:48
This infographic illustrates MRCC's structure as a Business Development Company, its income generation, and a detailed analysis of its yield stability, highlighting deteriorating fundamentals and significant dividend adjustments leading up to its merger.Have You read The New Report Shaking Up Retirement Plans ? Americans are answering three questions and many are realizing they can retire earlier than expected.That is exactly what happened through 2025 as the company announced that net investment income per ...
MRCC's $0.75 Payout Looks Generous Until You See Where the Stock Is Headed
247Wallst· 2026-03-23 19:48
MRCC's $0.75 Payout Looks Generous Until You See Where the Stock Is Headed - 24/7 Wall St. S&P 5006,616.60 +1.09% Dow Jones46,439.00 +1.30% Nasdaq 10024,318.80 +1.23% Russell 20002,508.53 +2.36% FTSE 1009,967.40 +1.24% Nikkei 22553,440.50 +4.10% Stock Market Live March 23, 2026: S&P 500 (SPY) Soars on Trump Announcement Investing MRCC's $0.75 Payout Looks Generous Until You See Where the Stock Is Headed By David BerenPublished Mar 23, 3:48PM EDT Quick Read Monroe Capital (MRCC) declared a $0.75 special pre- ...
Monroe Capital Stockholders Approve Asset Sale and Merger Proposals at Special Meeting
Yahoo Finance· 2026-03-21 03:07
Monroe Capital logo Key Points Stockholders approved both the asset sale and merger proposals at the March 13, 2026 special meeting, with 11,645,478 shares (53.74%) voting for the asset sale and 11,636,057 shares (53.70%) voting for the merger. The meeting met quorum (13,677,893 shares, or ~63.13% of outstanding shares), the board recommended approval, and the company said the inspector will file a final report and it will file a Form 8‑K with the SEC within four business days. Interested in Monroe C ...
Horizon Technology Finance Corporation and Monroe Capital Corporation Announce Shareholder Approvals of Merger
Globenewswire· 2026-03-16 13:15
Core Viewpoint - The shareholders of Horizon Technology Finance Corporation (HRZN) and Monroe Capital Corporation (MRCC) have overwhelmingly approved the merger between the two companies, along with the related asset sale of MRCC's assets to Monroe Capital Income Plus Corporation (MCIP) [1][2]. Group 1: Shareholder Approval - HRZN shareholders supported the HRZN Share Issuance Proposal with over 83% approval [2] - MRCC shareholders voted in favor of the proposed merger and asset sale with over 88% approval [2] Group 2: Transaction Details - MCIP will purchase substantially all of MRCC's assets for cash at fair value before the merger takes effect [3] - Following the asset sale, MRCC will merge with HRZN, with HRZN remaining as the public entity trading on NASDAQ [3] - The anticipated closing date for the merger is expected within the next 30 days [4] Group 3: Management and Strategic Benefits - The merger is expected to unlock significant value for shareholders and enhance HRZN's growth capital for long-term strategic initiatives [5] - The combined entity is projected to generate meaningful synergies, cost efficiencies, and stronger risk-adjusted returns for shareholders [5] - The merger aims to strengthen HRZN's position in the venture lending market by increasing scale and earnings potential [5] Group 4: Financial Distributions - MRCC plans a one-time cash distribution of $13 million to legacy shareholders, alongside a pre-merger closing distribution totaling approximately $15.9 million [6] - HRZN's Board intends to use $27.6 million of current undistributed taxable earnings to supplement regular monthly distributions for two quarters post-merger [11] - MRCC shareholders will receive newly issued shares of HRZN common stock based on the net asset value per share ratio during the merger [11] Group 5: Fee Waivers - HTFM has agreed to waive $4 million in management and incentive fees over the first four fiscal quarters following the merger [11]
Monroe Capital (NasdaqGS:MRCC) 2026 Extraordinary General Meeting Transcript
2026-03-13 19:32
Summary of Monroe Capital Corporation Special Meeting Company Overview - **Company Name**: Monroe Capital Corporation (MRCC) - **Meeting Date**: March 13, 2026 - **Meeting Type**: Special Meeting of Stockholders Key Points Meeting Proceedings - The meeting was called to order by Mick Solimini, Chief Financial Officer and Chief Investment Officer of MRCC, with a quorum confirmed by Ronald A. Holinsky, Chief Compliance Officer and Corporate Secretary, indicating that 13,677,893 shares were present, representing approximately 63.13% of the voting power of all issued shares [4][5] - The meeting's agenda included two main proposals: the asset sale proposal and the merger proposal, both recommended for approval by the board of directors [5][7] Voting Results - **Asset Sale Proposal**: - 11,645,478 shares voted in favor, which is 53.74% of the outstanding shares entitled to vote [10] - **Merger Proposal**: - 11,636,057 shares voted in favor, which is 53.70% of the outstanding shares entitled to vote [10] - Both proposals received the affirmative vote of a majority of the outstanding shares and were approved [11] Important Notes - The results of the voting will be reported on a Form 8-K to be filed with the SEC within four business days following the meeting [10] - The meeting concluded with appreciation expressed to stockholders for their participation [11] Additional Information - The meeting was conducted virtually, allowing stockholders to vote online [6][8] - The inspector of election, Charles Zaid, was appointed to oversee the voting process and ensure compliance with the meeting's regulations [3]
Monroe Capital Corporation Announces $13.0 Million Increase in Special Pre-Merger Closing Distribution for Monroe Capital Corporation Stockholders Resulting in a $15.9 Million ($0.75 per share) Total Pre-Merger Closing Distribution
Globenewswire· 2026-03-10 13:15
Core Viewpoint - Monroe Capital Corporation (MRCC) intends to enhance its final special distribution to legacy MRCC stockholders by $13.0 million ($0.61 per share) contingent upon stockholder approval of the merger with Horizon Technology Finance Corporation (HRZN) [1][3][5] Group 1: Distribution Plans - MRCC plans to distribute a total of approximately $15.9 million ($0.75 per share) to legacy MRCC stockholders, which includes a one-time cash distribution of $13.0 million and a final tax distribution of $2.9 million ($0.14 per share) [3][4] - HRZN's Board of Directors intends to utilize HRZN's undistributed taxable earnings of $27.6 million as of December 31, 2025, to supplement regular monthly distributions for two quarters post-merger, with expected distributions ranging from $0.02 to $0.04 per share per month [2][6] Group 2: Merger Details - The merger will result in HRZN being the surviving public entity, continuing to be managed by Horizon Technology Finance Management LLC and trading on NASDAQ under the symbol "HRZN" [1] - The pre-merger asset sale of MRCC's assets to Monroe Capital Income Plus Corporation (MCIP) is a prerequisite for the planned distributions and merger [4][5] Group 3: Management Commentary - Management expresses confidence that the planned enhancements will provide increased near-term value to MRCC stockholders while maintaining long-term benefits from the merger [6][7] - The commitment to strategic deployment of merger proceeds aims to create meaningful long-term benefits, including potential for higher earnings and greater portfolio diversification [7] Group 4: Stockholder Meetings - MRCC's special meeting for stockholder votes is scheduled for March 13, 2026, where stockholders are encouraged to participate and cast their votes [8][9]
Bulldog Investors Urges Board of Directors of Monroe Capital to Reconsider Merger into Horizon Technology Finance
Globenewswire· 2026-03-06 17:22
Core Viewpoint - Bulldog Investors, LLP, a significant shareholder of Monroe Capital Corporation, is urging the Board of Directors to reconsider the proposed merger with Horizon Technology Finance Corporation due to a decline in merger value for Monroe's shareholders [1][4]. Group 1: Merger Proposal Details - The merger was initially presented to Monroe shareholders as offering a 33% NAV premium based on a trading price of $6.21, with a NAV of $8.29 [2]. - Horizon's shares were trading at a 12% premium above its NAV at the time of the merger announcement, and shareholders were expected to receive shares valued at approximately $8.56, along with a monthly dividend of 11 cents [2]. Group 2: Recent Developments - The value of the merger consideration has significantly decreased, highlighted by Horizon's recent announcement of a 45% cut in its monthly dividend from 11 cents to 6 cents [3]. - Following this announcement, Horizon's share price dropped nearly 25%, and Monroe's shares fell similarly, closing at $4.50 [3]. Group 3: Shareholder Concerns - Phillip Goldstein from Bulldog Investors expressed that the merger, once seen as attractive, has deteriorated just before the special meeting to vote on it [4]. - With Monroe's latest NAV at $7.68, which is 70% above its current market price, Bulldog argues that the merger is not in the best interest of Monroe's shareholders unless terms are improved [4].
Monroe Capital Corporation Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses
Globenewswire· 2026-03-06 14:55
Group 1 - Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Monroe Capital Corporation regarding possible recovery of investor losses under federal securities laws [1] - Monroe Capital Corporation announced a proposed stock-for-stock merger with Horizon Technology Finance Corporation on August 7, 2025 [3] - Horizon Technology Finance Corporation reported a decline in net investment income and approximately $23.3 million in net realized losses for the fourth quarter of 2025 [4] Group 2 - Johnson Fistel is examining whether Monroe Capital or its executives made materially misleading statements or failed to disclose relevant information to investors [5] - Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm that represents individual and institutional investors in securities class action lawsuits [6] - In 2024, Johnson Fistel was ranked among the Top 10 Plaintiff Law Firms, recovering approximately $90.725 million for clients in cases where it served as lead or co-lead counsel [7]
Monroe Capital (MRCC) Beats Q4 Earnings and Revenue Estimates
ZACKS· 2026-03-06 00:16
分组1 - Monroe Capital (MRCC) reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.09 per share, but down from $0.29 per share a year ago, representing an earnings surprise of +22.22% [1] - The company posted revenues of $8.16 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.54%, but down from $14.02 million year-over-year [2] - Over the last four quarters, Monroe Capital has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] 分组2 - Monroe Capital shares have declined approximately 24% since the beginning of the year, while the S&P 500 has gained 0.4% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at $0.04 for the coming quarter and $0.57 for the current fiscal year [4][7] - The Zacks Industry Rank for Financial - Investment Management is currently in the bottom 42% of over 250 Zacks industries, indicating potential challenges for stock performance [8]