Monroe Capital released results for Q4/21 and 2021 overall.
Q4/21 financial highlights included:
- Paid quarterly dividend of $0.25 per share
- Current annual cash dividend yield to shareholders of approximately 9.2%
- Shares trading at a price to NAV of 0.97
- Net investment income of $5.4 million, or $0.25 per share
- Adjusted net investment income of $5.4 million, or $0.25 per share
- Net increase in net a$5ssets resulting from operations of $6.8 million, or $0.32 per share
- NAV of $249.5 million, or $11.51 per share
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
“We are pleased to report another quarter of strong and consistent financial results,” Theodore L. Koenig, CEO of Monroe Capital, said. “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%. 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.”