---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-182213"
form_type: "8-K"
ticker: "MFIC"
cik: "0001278752"
company_name: "MidCap Financial Investment Corp"
filed_at: "2024-07-22T23:59:59+00:00"
generated_at: "2026-05-31T18:27:15.394084+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MFIC completes mergers with AFT and AIF, issues ~28.5M shares and declares $0.20 special dividend

## Summary
- Exchange ratios: AFT shares converted to 0.9547 MFIC shares; AIF to 0.9441 MFIC shares.
- Combined company: $3.07B investments, $1.45B net assets, net leverage 1.13x, 93.8M shares outstanding.
- Legacy MFIC stockholders own 69.6%; former AFT 15.8%; former AIF 14.6% of combined company.
- Special distribution of $0.20 per share, payable Aug 15, 2024 to holders of record Aug 5.

## SEC filing metadata
- accession: 0001193125-24-182213
- form_type: 8-K
- ticker: MFIC
- cik: 0001278752
- company_name: MidCap Financial Investment Corp
- filed_at: 2024-07-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1278752/000119312524182213/0001193125-24-182213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1278752/000119312524182213/d871191d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-182213
- JSON: https://secwatch.observer/filing/0001193125-24-182213.json
- Plain text: https://secwatch.observer/filing/0001193125-24-182213.txt

## Key facts
- M&A Transactions
  MidCap Financial Investment Corp completed an acquisition involving Apollo Tactical Income Fund Inc. for 0.9441 shares of common stock per share (closed 2024-07-22).
  - Action: acquisition
  - Counterparty: Apollo Tactical Income Fund Inc.
  - Consideration: 0.9441 shares of common stock per share
  - Closing: 2024-07-22
  source text: Agreement, at the effective time of the AIF First Merger, each outstanding share of common stock, par value $0.001 per share, of AIF was converted into the right to receive 0.9441 shares of common stock, par value $0.001 per share, of the Company. As a result, the Company issued an aggregate of approximately 13,658,992 shares of its common stock to AIF’s
  evidence_url: https://www.sec.gov/Archives/edgar/data/1278752/000119312524182213/0001193125-24-182213-index.htm
- M&A Transactions
  MidCap Financial Investment Corp completed an acquisition involving Apollo Senior Floating Rate Fund Inc. for 0.9547 shares of common stock per share (closed 2024-07-22).
  - Action: acquisition
  - Counterparty: Apollo Senior Floating Rate Fund Inc.
  - Consideration: 0.9547 shares of common stock per share
  - Closing: 2024-07-22
  source text: Agreement, at the effective time of the AFT First Merger, each outstanding share of common stock, par value $0.001 per share, of AFT was converted into the right to receive 0.9547 shares of common stock, par value $0.001 per share, of the Company. As a result, the Company issued an aggregate of approximately 14,868,092 shares of its common stock to AFT’s
  evidence_url: https://www.sec.gov/Archives/edgar/data/1278752/000119312524182213/0001193125-24-182213-index.htm

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