MidCap Financial Investment Corp. shareholder vote clears merger with Apollo CEFs; close expected late July

MidCap Financial Investment Corp

AFT and AIF stockholders approved mergers with MidCap Financial (MFIC): ~88% AFT and ~87% AIF shares voted in favor.
MFIC shareholders had already approved the merger on May 28, 2024.
Closing expected in late July 2024, subject to customary conditions.
CEF stockholders will receive MFIC shares valued at NAV for NAV, adjusted for undistributed income.
Post-close surviving entity trades as MFIC on Nasdaq.

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