Daily News: August 10, 2018

Monroe Capital BDC Q2 Investment Income, Portfolio Values Higher


Monroe Capital Corporation’s Q2/18 net investment income of $7.9 million was up from Q2/17 net investment income of $6.1 million.

The company had debt and equity investments in 71 portfolio companies with a total fair value of $498.2 million compared to 67 portfolio companies with a fair value of $445.5 million a year earlier.

“We are pleased to report another quarter of solid earnings for the second quarter of 2018, with adjusted net investment income of $0.39 per share, representing the 17th straight quarter where per share adjusted net investment income met or exceeded our quarterly per share dividend. We have also made our 23rd consecutive quarterly dividend payment to our shareholders without any reduction in our distributions,” said CEO Theodore L. Koenig. “As of quarter end, our portfolio totaled $498.2 million in investments at fair value, which represented a slight increase in the portfolio since the end of the first quarter. Measured portfolio growth, as well as growth in our MRCC Senior Loan Fund joint venture, should continue to create long term value for our shareholders.”

Monroe Capital Corporation is the business development company affiliate of the private debt investment firm and lender, Monroe Capital.