Monroe Capital Corporation, a business development company affiliate of Monroe Capital, reported its financial results for the third quarter ended Sept. 30, 2021. In the quarter, Monroe Capital Corporation achieved net investment income of $6.3 million, or $0.29 per share, as well as adjusted net investment income of $6.4 million, or $0.30 per share. In addition, the BDC had a net increase in net assets resulting from operations of $7.2 million, or $0.34 per share, as well as a net asset value of $246.7 million, or $11.45 per share. The BDC also paid a quarterly dividend of $0.25 per share on Sept. 30, 2021.
“We are pleased to report another quarter of strong financial results,” Theodore L. Koenig, CEO of Monroe Capital, said. “During the third quarter, we reported our sixth consecutive quarterly increase in our net asset value. Adjusted net investment income for the quarter was in excess of our dividend and our new deal pipeline remains incredibly robust for both sponsored and non-sponsored transactions. Our current annual cash dividend yield to shareholders is approximately 9.7%. The M&A market continues to be very active, and as a significant player in providing private credit in the lower middle market, we remain well positioned to support our clients’ capital needs. 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.”
