earnings
confidence high
sentiment neutral
materiality 0.70
MidCap Financial Q1: NII $0.44, NAV $15.42; progresses mergers with AFT/AIT
MidCap Financial Investment Corp
- Net investment income per share $0.44 vs $0.46 prior quarter; earnings per share $0.39.
- Net asset value per share $15.42, up from $15.41 at Dec 31, 2023.
- New investment commitments $149M; net leverage 1.35x; total assets $2.45B.
- Board declared $0.38/share dividend payable June 27, 2024 to holders of record June 11.
- Previously announced mergers with Apollo Senior Floating Rate Fund and Apollo Tactical Income Fund progressing; proxy filed April 4.