Daily News: March 8, 2013

Monroe Capital Declares Q1/13 Dividend; Says ‘Pipeline Robust’


Monroe Capital Corporation declared a first quarter 2013 dividend of $$0.34 per share and announced its financial results for the fourth quarter and full year ended 2012.

Fourth quarter and full year 2012 financial highlights included:

  • Originated $78.6 million of new funded investments during the quarter, in addition to the initial portfolio purchase of $67.5 million of assets in connection with our IPO.

  • Raised gross proceeds of $86.3 million from the successful completion of our IPO.

  • As of December 31, 2012, had debt and equity investments in 28 portfolio companies, with a total fair value of $132.8 million.

  • During the period ended December 31, 2012, made investments of $144.5 million and had repayments of $11.9 million on existing debt investments.

  • As of December 31, 2012, the weighted average contractual yield on debt investments was 9.8% and the effective yield was 11.3%.

    “Monroe’s first quarter after our completing our initial public offering was an extremely active one. In just a little over two months, we grew our investment portfolio by more than $65 million, almost doubling the size of our portfolio,” said Theodore L. Koenig, Chairman and Chief Executive Officer of the Company. “Our pipeline remains robust for 2013 as we look to optimize our portfolio over time.”

    To review the Monroe Capital earnings, click here.