earnings
confidence high
sentiment positive
materiality 0.75
MidCap Financial Q4 NII $0.46/share, NAV up to $15.41; declares $0.38 dividend
MidCap Financial Investment Corp
- NII per share $0.46 for Q4 (vs $0.43 prior Q); FY2023 NII per share $1.78 (vs $1.57 prior FY).
- NAV per share $15.41, up 0.9% from $15.28; net assets $1.01B.
- Declared $0.38/share dividend payable March 28, 2024.
- Completed $402M CLO in Nov 2023; issued $80M of 8.0% unsecured notes due 2028.
- Pending merger with Apollo Senior Floating Rate Fund and Apollo Tactical Income Fund; registration statement filed.