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Monroe Capital Corporation BDC Releases Fourth Quarter and Full Year 2021 Results

Date: Mar 04, 2022 @ 07:35 AM
Filed Under: Industry News

Monroe Capital Corporation BDC released its fourth quarter and full year 2021 results.

Fourth Quarter 2021 Financial Highlights:

  • Paid quarterly dividend of $0.25 per share
  • Current annual cash dividend yield to shareholders of approximately 9.2%1
  • Shares trading at a Price to NAV of 0.97x2
  • Net investment income of $5.4 million, or $0.25 per share
  • Adjusted Net Investment Income (a non GAAP measure described in our press release) of $5.4 million, or $0.25 per share
  • Net increase in net assets resulting from operations of $6.8 million, or $0.32 per share
  • NAV of $249.5 million, or $11.51 per share

1. Based on an annualized dividend and closing share price as of March 1, 2022
2. Based on closing share price as of March 2, 2022 and book value share as of December 31, 2021

Full Year 2021 Financial Highlights:

  • Net investment income of $22.2 million, or $1.03 per share
  • Adjusted Net Investment Income (a non-GAAP measure described below) of $22.5 million, or $1.04 per share
  • Net increase in net assets resulting from operations of $32.5 million, or $1.51 per share

Chief Executive Officer Theodore L. Koenig commented, “We are pleased to report another quarter of strong and consistent financial results. During the fourth quarter, we reported our seventh consecutive quarterly increase in our Net Asset Value. Adjusted Net Investment Income for the quarter covered our dividend and our current annual cash dividend to shareholders is approximately 9.2%1 . The M&A market continues to be very active, and we are well positioned to support the financing needs of our clients that have resilient business models and positive long-term outlooks. As part of the Monroe Capital platform we are a significant player in providing private credit in the lower middle market and our new deal pipeline remains strong for both sponsored and non-sponsored transactions. As always, we continue to be focused on adhering to our underwriting principles and generating strong risk-adjusted returns to create shareholder value.”

To read the Fourth Quarter Press Release in its entirety, please click here.


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