---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-272413"
form_type: "8-K"
ticker: "MFIC"
cik: "0001278752"
company_name: "MidCap Financial Investment Corp"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T13:47:22.268941+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "medium"
source: SEC EDGAR
---

# MFIC announces acquisitions of AFT and AIF; special payments to shareholders

## Summary
- MFIC enters into definitive merger agreements to acquire AFT and AIF in all-stock transactions based on net asset value.
- AFT and AIF stockholders to receive $0.25/share special payment from Adviser; MFIC stockholders to get $0.20/share distribution post-closing.
- Termination fees: third parties may owe $7.03M (AFT) or $6.35M (AIF) to MFIC; MFIC may owe $29.9M to each fund.
- Mergers expected to close in first half 2024, subject to stockholder and regulatory approvals; each merger standalone.

## SEC filing metadata
- accession: 0001193125-23-272413
- form_type: 8-K
- ticker: MFIC
- cik: 0001278752
- company_name: MidCap Financial Investment Corp
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: medium
- sec_items: 1.01, 2.02, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1278752/000119312523272413/0001193125-23-272413-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1278752/000119312523272413/d323914d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-272413
- JSON: https://secwatch.observer/filing/0001193125-23-272413.json
- Plain text: https://secwatch.observer/filing/0001193125-23-272413.txt

## Key facts
- Earnings Releases
  MidCap Financial Investment Corp reported financial results for the quarter ended September 30, 2023.
  - Period: the quarter ended September 30, 2023
  - Result: reported results
  source text: the Company issued a press release announcing its financial results for the quarter ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1278752/000119312523272413/0001193125-23-272413-index.htm
- Material Agreements
  MidCap Financial Investment Corp entered into AFT Merger Agreement with Apollo Senior Floating Rate Fund Inc., AFT Merger Sub, Inc., and, solely for limited purposes, Apollo Investment Management, L.P. (effective 2023-11-07).
  - Action: entry
  - Agreement: merger
  - Counterparty: Apollo Senior Floating Rate Fund Inc., AFT Merger Sub, Inc., and, solely for limited purposes, Apollo Investment Management, L.P.
  - Effective: 2023-11-07
  source text: On November 7, 2023, MidCap Financial Investment Corporation (the “Company” or “MFIC”) entered into an Agreement and Plan of Merger (the “AFT Merger Agreement”) with Apollo Senior Floating Rate Fund Inc., a Maryland corporation (“AFT” and, together with the Company and AIF (as defined below), the “Funds” and each, a “Fund”), AFT Merger Sub, Inc., a Maryland corporation and a direct wholly-owned subsidiary of the Company (“AFT Merger Sub”), and, solely for the limited purposes set forth therein, Apollo Investment Management, L.P., a Delaware limited partnership and the Company’s investment adviser (the “Adviser”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1278752/000119312523272413/0001193125-23-272413-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.