Monroe Capital Corporation Announces Fourth Quarter Distribution of $0.25 Per Share
December 06 2024 - 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 fourth quarter of 2024, payable on
December 30, 2024 to stockholders of record as of
December 16, 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 Capital LLC
Monroe Capital LLC (including its subsidiaries and affiliates,
together “Monroe”) is a premier asset management firm specializing
in private credit markets across various strategies, including
direct lending, technology finance, venture debt, alternative
credit, 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 Inc.'s 2024 Founder-Friendly Investors
List; Private Debt Investor as the 2023 Lower Mid-Market Lender of
the Decade, 2023 Lower Mid-Market Lender of the Year, 2023 CLO
Manager of the Year, Americas; 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: |
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Mick SolimeneChief Financial Officer and Chief Investment
OfficerMonroe Capital Corporation(312)
598-8401msolimene@monroecap.com |
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Media Contact: |
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Daniel AbramsonBackBay Communications(857)
305-8441daniel.abramson@backbaycommunications.com |
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