Monroe Capital reported net investment income for the quarter ended June 30, 2016 totaled $5.8 million consistent with the $5.8 million for the quarter ended March 31, 2016.

As of June 30, 2016, Monroe had debt and equity investments in 55 portfolio companies, with a total fair value of $342.8 million, compared to debt and equity investments in 53 portfolio companies, with a total fair value of $343.5 million, as of March 31, 2016.

The company’s portfolio consists primarily of first lien loans, representing 74.3% of the portfolio as of June 30, 2016 and 75.1% of the portfolio as of March 31, 2016. As of June 30, 2016, the weighted average contractual yield on the company’s investments was 9.8% and the effective yield was 9.8% as compared to the weighted average contractual yield of 9.9% and effective yield of 10.0% as of March 31, 2016.

CEO Theodore L. Koenig said, “We are pleased to report another quarter of strong earnings for the second quarter of 2016, with adjusted net investment income of 43 cents per share, well in excess of our dividend of 35 cents per share. We are also pleased to continue to provide our stockholders strong quarterly results, with significant dividend coverage and an increase in our per share NAV. Subsequent to quarter end, we completed a public offering of approximately 3.6 million shares of our stock (inclusive of the over-allotment option), generating gross proceeds of $55.3 million. This capital raise, which was accretive to our per share NAV, combined with our recent approval for $75 million in additional SBA-guaranteed debentures, will allow us to profitably grow our portfolio and continue to create long-term value for our shareholders.”

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