Monroe Capital Corporation Announces Second Quarter Distribution of $0.25 Per Share
June 02 2023 - 3:01PM
Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced
today that its Board of Directors has declared a distribution of
$0.25 per share for the second quarter of 2023, payable on June 30,
2023 to stockholders of record as of June 15, 2023. In October
2012, the Company adopted a dividend reinvestment plan that
provides for reinvestment of distributions on behalf of its
stockholders, unless a stockholder elects to receive cash prior to
the record date. When the Company declares a cash distribution,
stockholders who have not opted out of the dividend reinvestment
plan prior to the record date will have their distribution
automatically reinvested in additional shares of the Company’s
capital stock. The specific tax characteristics of the distribution
will be reported to stockholders on Form 1099 after the end of the
calendar year and in the Company’s periodic report filed with the
Securities and Exchange Commission.
ABOUT MONROE CAPITAL
CORPORATIONMonroe Capital Corporation is a publicly-traded
specialty finance company that principally invests in senior,
unitranche and junior secured debt and, to a lesser extent,
unsecured debt and equity investments in middle-market companies.
The Company’s investment objective is to maximize the total return
to its stockholders in the form of current income and capital
appreciation. The Company’s investment activities are managed by
its investment adviser, Monroe Capital BDC Advisors, LLC, which is
an investment adviser registered under the Investment Advisers Act
of 1940, as amended, and an affiliate of Monroe Capital LLC. To
learn more about Monroe Capital Corporation, visit
www.monroebdc.com.
ABOUT MONROE CAPITAL LLCMonroe
Capital LLC (“Monroe”) is a premier boutique asset management firm
specializing in private credit markets across various strategies,
including direct lending, asset-based lending, specialty finance,
opportunistic, real estate, structured credit, and equity. Since
2004, the firm has been successfully providing capital solutions to
clients in the U.S. and Canada. Monroe prides itself on being a
value-added and user-friendly partner to business owners,
management, and both private equity and independent sponsors.
Monroe’s platform offers a wide variety of investment products for
both institutional and high net worth investors with a focus on
generating high quality “alpha” returns irrespective of business or
economic cycles. The firm is headquartered in Chicago and maintains
offices in Atlanta, Boston, Los Angeles, Miami, Naples, New York,
San Francisco, and Seoul.
Monroe has been recognized by both its peers and
investors with various awards including Private Debt Investor as
the 2022 Lower Mid-Market Lender of the Year, 2022 CLO Manager of
the Year, Americas; 2022 Best Performance in Private Debt – Mid Cap
by Korean Economic Daily; Global M&A Network as the 2022 Small
Mid-Markets Lender of the Year, Americas; Creditflux as the 2021
Best U.S. Direct Lending Fund; and Pension Bridge as the 2020
Private Credit Strategy of the Year. For more information and
important disclaimers, please visit www.monroecap.com.
FORWARD-LOOKING STATEMENTS This
press release may contain certain forward-looking statements. Any
such statements, other than statements of historical fact, are
likely to be affected by other unknowable future events and
conditions, including elements of the future that are or are not
under the Company’s control, and that the Company may or may not
have considered; accordingly, such statements cannot be guarantees
or assurances of any aspect of future performance. Actual
developments and results are highly likely to vary materially from
these estimates and projections of the future. Such statements
speak only as of the time when made, and the Company undertakes no
obligation to update any such statement now or in the future.
SOURCE: Monroe Capital Corporation
Investor Contact: |
Mick SolimeneChief Investment Officer and Chief Financial
OfficerMonroe Capital Corporation(312) 598-8401Email:
msolimene@monroecap.com |
|
|
Media Contact: |
Daniel AbramsonBackBay
Communications(617) 305-8441Email:
daniel.abramson@backbaycommunications.com |
Monroe Capital (NASDAQ:MRCC)
Historical Stock Chart
From Sep 2024 to Oct 2024
Monroe Capital (NASDAQ:MRCC)
Historical Stock Chart
From Oct 2023 to Oct 2024