MidCap Financial Q2 FY2023 NII $0.44/share, NAV $15.20, dividend $0.38

MidCap Financial Investment Corp

Net investment income $28.9M ($0.44/share) vs $0.45 prior quarter; NAV per share $15.20 up $0.02.
New investment commitments $79M; net leverage 1.45x; repurchased 198,084 shares at $11.60 avg.
Declared $0.38 dividend payable Sept 28, 2023 to holders of record Sept 12.
Credit facility amended and extended to April 2028, benchmark changed from LIBOR to SOFR.
Portfolio 88% first-lien secured debt; weighted average yield on first-lien 11.7% (up from 11.4%).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MidCap Financial Investment Corp reported the quarter ended June 30, 2023 results: net income $25.4 million, EPS $0.39 per share.

Period: the quarter ended June 30, 2023
Net income: $25.4 million
EPS: $0.39 per share
Result: reported results

Exact text from the filing

MidCap Financial Investment Corporation (NASDAQ: MFIC) or the “Company,” today announced financial results for its quarter ended June 30, 2023. The Company’s net investment income was $0.44 per share for the quarter ended June 30, 2023, compared to $0.45 per share for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001193125-23-201730

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