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Monroe Capital Corporation BDC Announces Second Quarter 2021 Results

August 05, 2021, 07:35 AM
Filed Under: Corporate Earnings

Monroe Capital Corporation announced its second quarter 2021 Business Development Company results.

Second Quarter 2021 Financial Highlights:

  • Paid quarterly dividend of $0.25 per share
  • Current annual cash dividend yield to shareholders of approximately 9.3%1
  • Shares trading at a Price to NAV of 0.95x2
  • Net investment income of $5.2 million, or $0.24 per share
  • Adjusted Net Investment Income (a non GAAP measure described in our press release) of $5.3 million, or $0.25 per share
  • Net increase in net assets resulting from operations of $11.3 million, or $0.53 per share
  • NAV of $244.8 million, or $11.36 per share

Chief Executive Officer Theodore L. Koenig commented, “We are pleased to report another quarter of strong financial results. During the second quarter, we reported our fifth consecutive quarterly increase in our Net Asset Value. These positive results are consistent with the success we have enjoyed at Monroe Capital LLC over our 18-year history. We continue to cover our dividend with per share Adjusted Net Investment Income and our new deal pipeline remains strong. The M&A market is very active and we are a significant player in providing private credit in the lower middle market. As always, we continue to be focused on the interests of our shareholders and will remain focused on generation of Net Investment Income, preservation of capital and creation of shareholder value.”

To read the Second Quarter Press Release in its entirety, please click here:

1. Based on an annualized dividend and closing share price as of August 3, 2021
2. Based on closing share price as of August 3, 2021 and book value per share as of June 30, 2021

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