8-K
filed August 2, 2022, 7:59 PM ET
ticker MFIC
CIK 0001278752
earnings
confidence high
sentiment positive
materiality 0.85
Apollo Investment Q1 NII $0.37/share, NAV $15.52; fee cuts, $30M MidCap equity, name change to MFIC
MidCap Financial Investment Corp
- Net investment income $0.37 per share for Q1 FY2023 (ended June 30, 2022); NAV $15.52, down 1.7% from prior quarter.
- Management fee cut to 1.75% of net assets, incentive fee to 17.5%, effective Jan 1, 2023.
- MidCap Financial affiliate invested $30M at $15.5228/share (NAV) via 1.93M shares with 2-year lock-up.
- Company to rename to MidCap Financial Investment Corporation, ticker MFIC, effective Aug 12, 2022.
- Howard Widra appointed Executive Chairman; Tanner Powell CEO; base dividend raised to $0.32/share from $0.31.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kristin Hester was appointed as Chief Legal Officer and Corporate Secretary at MidCap Financial Investment Corp.
- Action
- appointed
- Role
- Chief Legal Officer and Corporate Secretary
Exact text from the filing
On August 1, 2022, the Board of the Registrant appointed Kristin Hester to serve as the Registrant's Chief Legal Officer and Corporate Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tanner Powell was appointed as Chief Executive Officer of the Board at MidCap Financial Investment Corp.
- Action
- appointed
- Role
- Chief Executive Officer of the Board
Exact text from the filing
On August 1, 2022, the Board of the Registrant appointed Tanner Powell to serve as Chief Executive Officer of the Registrant's Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ted McNulty was appointed as President of the Registrant at MidCap Financial Investment Corp.
- Action
- appointed
- Role
- President of the Registrant
Exact text from the filing
On August 1, 2022, the Board of the Registrant appointed Ted McNulty to serve as President of the Registrant.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Howard T. Widra was appointed as Executive Chairman of the Board at MidCap Financial Investment Corp.
- Action
- appointed
- Role
- Executive Chairman of the Board
Exact text from the filing
On August 1, 2022, the Board of the Registrant appointed Howard T. Widra to serve as Executive Chairman of the Registrant's Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Joseph Glatt departed as Chief Legal Officer and Secretary at MidCap Financial Investment Corp.
- Action
- promoted
- Role
- Chief Legal Officer and Secretary
Exact text from the filing
Joseph Glatt, 48, who served as the Registrant's Chief Legal Officer and Secretary since 2014, was promoted to a new role as Partner in Apollo's U.S. Financial Institutions Group.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Hannan was appointed as Vice Chairman of the Board at MidCap Financial Investment Corp.
- Action
- appointed
- Role
- Vice Chairman of the Board
Exact text from the filing
On August 1, 2022, John Hannan, 69, who served as Chairman of the Registrant's Board from August 2006 to August 2022, was appointed Vice Chairman of the Board.
View on SEC.gov
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