secwatch.observer — SEC 8-K summary
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Issuer:     MidCap Financial Investment Corp (MFIC)
CIK:        0001278752
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001193125-23-131003
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MidCap Financial Investment Corp rebrands, cuts fees, reports 2022 NII of $1.57/share
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- Rebranded from Apollo Investment Corp (AINV) to MFIC in Aug 2022; MidCap Financial made $30M equity investment at NAV, now owning 3.0%.
- Base management fee permanently cut to 1.75% on net assets (approx 50% reduction); incentive fee reduced from 20% to 17.5%.
- Leadership: Howard Widra Executive Chairman, Tanner Powell CEO, Ted McNulty President, Kristin Hester Chief Legal Officer.
- 2022 total investment income $230.4M; net investment income $101.0M ($1.57/share); NAV per share $15.10; distributions $1.41/share.
- Total stock return 0.3% in 2022, outperforming S&P 500 (-18.1%) and NASDAQ (-32.5%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278752/000119312523131003/0001193125-23-131003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278752/000119312523131003/d506023d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-131003

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