Monroe Capital Corporation Announces First Quarter Distribution of $0.25 Per Share
March 05 2024 - 3:04PM
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 first quarter of 2024, payable on March 29,
2024 to stockholders of record as of March 15, 2024. 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 Corporation
Monroe 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 CapitalMonroe Capital LLC
(“Monroe”) is a premier boutique asset management firm specializing
in private credit markets across various strategies, including
direct lending, technology finance, venture debt, opportunistic,
structured credit, real estate 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 10 offices throughout the
United States and Asia.
Monroe has been recognized by both its peers and investors with
various awards including Private Debt Investor as the 2023 Lower
Mid-Market Lender of the Decade, 2022 Lower Mid-Market Lender of
the Year, 2022 CLO Manager of the Year, Americas; Inc.’s 2023
Founder-Friendly Investors List; Global M&A Network as the 2023
Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the
2022 Best CLO Manager of the Year; Korean Economic Daily as the
2022 Best Performance in Private Debt – Mid Cap; 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
Solimene |
|
Chief Investment Officer and Chief Financial Officer |
|
Monroe Capital Corporation |
|
(312) 598-8401 |
|
Email: msolimene@monroecap.com |
|
|
Media Contact: |
Daniel Abramson |
|
BackBay Communications |
|
(857) 305-8441 |
|
Email: daniel.abramson@backbaycommunications.com |
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