earnings
confidence high
sentiment positive
materiality 0.85
MFIC Q2 NII $0.45/share; closes AFT/AIF mergers, increasing net assets 43.7%
MidCap Financial Investment Corp
- Q2 NII $0.45/share, up from $0.44 in prior quarter; NAV $15.38 vs $15.42 at March 31.
- Closed mergers with Apollo Senior Floating Rate (AFT) and Tactical Income (AIF) on July 22; net assets increased 43.7% to $1.45B.
- Post-merger portfolio $3.07B; issued 28.5M common shares; net leverage reduced to 1.13x from 1.45x.
- Board declared Q2 dividend $0.38/share payable Sep 26, and a special $0.20 distribution payable Aug 15.
- KBRA affirmed MFIC's BBB- rating and revised outlook to Positive from Stable.