Highest-materiality recent filing
MidCap Financial Investment Corp Q1 2026 NII $0.38, NAV $13.82, net loss $26.9M
NII per share $0.38 (vs $0.39 prior quarter); net investment income $34.3M flat YoY.
MidCap Financial Q4 NII $0.39/sh; NAV falls to $14.18; new $100M buyback
Net investment income $0.39 per share for Q4, up from $0.38 prior quarter; NAV declined 3.3% to $14.18.
MidCap Financial Q3 NII $0.38/share, NAV $14.66; Merx exposure reduced
Net investment income $0.38/share (vs $0.39 Q2); net asset value $14.66 (down 0.6% from $14.75).
Lender commitments reduced from $1.660B to $1.610B; maturity extended by one year to October 1, 2030.
MFIC reports Q2 NII of $0.39/share, up from $0.37 Q1; NAV down 1.2% to $14.75
Net investment income per share $0.39 (Q2 2025) vs $0.37 (Q1 2025) and $0.45 (Q2 2024).
MFIC Q1 NII $0.37/share, NAV $14.93, dividend $0.38; leverage 1.31x
NII of $34.3M ($0.37/share) vs $28.5M ($0.44/share) in Q1 2024; down from $0.40 in Q4 2024.
MidCap Financial Q4 NII $0.40; NAV $14.98; closes $529.6M CLO
Net investment income $0.40 per share (Q3: $0.44); NAV $14.98 vs $15.10 prior quarter.
MidCap Financial Q3 NII $0.44/share; NAV $15.10; completed mergers with AFT and AIF
Net investment income per share $0.44 (vs $0.45 Q2); basic EPS $0.31 (vs $0.46 prior year quarter).
MidCap Financial enters ATM equity distribution agreements for up to $200M
Agreements with Truist Securities and Jefferies LLC to sell up to $200M of common stock in at-the-market offerings.
MFIC Q2 NII $0.45/share; closes AFT/AIF mergers, increasing net assets 43.7%
Q2 NII $0.45/share, up from $0.44 in prior quarter; NAV $15.38 vs $15.42 at March 31.
MFIC completes mergers with AFT and AIF, issues ~28.5M shares and declares $0.20 special dividend
Exchange ratios: AFT shares converted to 0.9547 MFIC shares; AIF to 0.9441 MFIC shares.
MidCap Financial, Apollo Senior Floating Rate, Apollo Tactical set merger close for July 22, 2024
Merger of AFT and AIF into MFIC expected to close before Nasdaq open on July 22, 2024, subject to customary conditions.
AFT and AIF stockholders approved mergers with MidCap Financial (MFIC): ~88% AFT and ~87% AIF shares voted in favor.
MidCap Financial stockholders approve share issuance for Apollo fund mergers
Stockholders approved issuance of common stock in connection with mergers of Apollo Senior Floating Rate Fund and Apollo Tactical Income Fund into MFIC.
MidCap Financial Q1: NII $0.44, NAV $15.42; progresses mergers with AFT/AIT
Net investment income per share $0.44 vs $0.46 prior quarter; earnings per share $0.39.
MidCap Financial Q4 NII $0.46/share, NAV up to $15.41; declares $0.38 dividend
NII per share $0.46 for Q4 (vs $0.43 prior Q); FY2023 NII per share $1.78 (vs $1.57 prior FY).
MFIC issues $86.25M of 8.00% Notes due 2028, closes $80M after partial overallotment
Issued $86.25M aggregate principal of 8.00% Notes due Dec 15, 2028 (inclusive of $11.25M overallotment).
MFIC announces acquisitions of AFT and AIF; special payments to shareholders
MFIC enters into definitive merger agreements to acquire AFT and AIF in all-stock transactions based on net asset value.
MidCap Financial closes $402M CLO debt securitization backed by middle-market loans
Issued $232M of Class A-1 notes (SOFR+2.40%) and $16M of Class A-2 notes (SOFR+2.90%), both due 2035.
MidCap Financial Investment Corp rebrands, cuts fees, reports 2022 NII of $1.57/share
Rebranded from Apollo Investment Corp (AINV) to MFIC in Aug 2022; MidCap Financial made $30M equity investment at NAV, now owning 3.0%.
MidCap Financial Q1 NII $0.45/shr, NAV $15.18, dividend $0.38; facility extended to 2028
NII per share $0.45 vs $0.43 prior quarter; NAV $15.18 up 0.5% from $15.10.
MidCap Financial extends revolver maturity to 2028, cuts spread, shifts to SOFR
Commitments remain $1.705B until Dec 2024, then step down to $1.550B.
MidCap Financial Q4 NII $0.43/share, raises dividend to $0.38, NAV $15.10
Net investment income per share $0.43 for Q4 Dec 2022, up from $0.35 in prior quarter.
MidCap Financial Q2 NII $0.35/sh; raises quarterly base dividend to $0.37/sh
Net investment income $22.6M ($0.35/sh) vs $0.37/sh in prior quarter.
Apollo Investment closes $30M private placement of 1.93M shares at NAV to affiliate
Sold 1,932,641 common shares at $15.5228 per share (NAV as of June 30, 2022).
Apollo Investment Q1 NII $0.37/share, NAV $15.52; fee cuts, $30M MidCap equity, name change to MFIC
Net investment income $0.37 per share for Q1 FY2023 (ended June 30, 2022); NAV $15.52, down 1.7% from prior quarter.
Apollo Investment reports FY2022 NII $96M ($1.49/sh), NAV $15.79, distributions $1.44/sh
Total investment income $213.2M; net investment income $96.0M ($1.49/sh); GAAP EPS $1.28; NAV $15.79.
Apollo Investment Q3 NII $0.35, NAV $16.08; declares $0.31 regular + $0.05 supplemental distribution
Net investment income per share $0.35 ($22.5M total), up from $0.33 prior quarter; NAV per share $16.08 vs $16.07.
Apollo Investment Corp Q2 fiscal 2022 NII of $0.33 per share, down from $0.39 prior quarter
Net investment income per share $0.33, down from $0.39 last quarter; NAV per share $16.07, up 0.3% from $16.02.
Apollo Investment Q1 NII per share flat at $0.39; NAV per share up 0.9% to $16.02
Net investment income per share $0.39, flat vs prior quarter; net asset value per share $16.02, up 0.9% from $15.88.
On June 11, 2025, Gregory Hunt, Chief Financial Officer and Treasurer of MidCap Financial Investment Corporation (the “ Company ”), notified the Board of Directors of the Company (the “ Board ”) of his intention to step down, effective as of the close of business on June 30, 2025.
On June 11, 2025, the Board appointed Kenneth Seifert as Chief Financial Officer and Treasurer of the Company, effective as of the close of business on June 30, 2025.
Howard Widra notified the Board of his intention to retire from his role at Apollo Global Management Inc. (“ Apollo ”), to pursue other opportunities, effective on or about the close of business on December 31, 2026. In connection with Mr. Widra’s retirement from Apollo, Mr. Widra informed the Board of his intention to resign as director and Executive Chairman of the Board, effective on or about the close of business on December 31, 2026.
On June 2, 2023, Amit Joshi, Vice President and Chief Accounting Officer of MidCap Financial Investment Corporation (the “Company”), notified the Company of his intention to resign.
On April 28, 2023, Frank C. Puleo and Jeanette W. Loeb, members of the Board of Directors (the “Board”) of Midcap Financial Investment Corporation (the “Company”), notified the Company that they would not stand for re-election at the Company’s 2023 annual meeting of stockholders.
On April 28, 2023, Frank C. Puleo and Jeanette W. Loeb, members of the Board of Directors (the “Board”) of Midcap Financial Investment Corporation (the “Company”), notified the Company that they would not stand for re-election at the Company’s 2023 annual meeting of stockholders.
On March 16, 2023, the Board of Directors of MidCap Financial Investment Corporation (the “Company”) appointed Ryan Del Giudice as the Company’s Chief Compliance Officer.
On March 8, 2023, the Board of Directors (the “Board”) of MidCap Financial Investment Corporation (the “Company”) appointed Emanuel Pearlman to the Board, effective as of March 8, 2023, to serve as a Class III Director of the Company.
On January 23, 2023, Isabelle Gold, Chief Compliance Officer of MidCap Financial Investment Corporation (the “Company”), notified the Company of her intention to resign.
On August 1, 2022, the Board of the Registrant appointed Kristin Hester to serve as the Registrant's Chief Legal Officer and Corporate Secretary.
On August 1, 2022, the Board of the Registrant appointed Tanner Powell to serve as Chief Executive Officer of the Registrant's Board.
On August 1, 2022, the Board of the Registrant appointed Ted McNulty to serve as President of the Registrant.
Max materiality 0.90 · Median 0.60 · Most common event earnings