MidCap Financial Investment Corporation Completes Mergers with Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.

The final exchange ratios were based on MFIC's net asset value ("NAV") per share of $15.43, AFT's NAV per share of $14.73, and AIF's NAV per share of $14.57, each calculated as of July 19, 2024. As of June 30, 2024, MFIC's NAV per share was $15.38, AFT's NAV per share was $14.89, and AIF's NAV per share was $14.77. MFIC's NAV per share as of June 30, 2024 reflects net investment income of $0.45 per share for the June quarter and certain adjustments to the fair value of its investment portfolio. The change i ...