Quarterly ResultAug 6, 2026, 06:02 AM
MidCap Financial Q2 NII $0.40/share; NAV $13.37/share, down 3.2%
AI Summary
MidCap Financial Investment Corp reported Q2 2026 net investment income of $0.40 per share, an increase from $0.38 in the prior quarter. However, net asset value per share decreased 3.2% to $13.37, primarily due to portfolio losses driven by credit-related weakness in a limited number of positions. The company repurchased $31.9 million in shares, which accreted $0.07 per share to NAV, and declared a quarterly dividend of $0.31 per share.
Key Highlights
- Net investment income per share was $0.40 for Q2 2026, up from $0.38 in Q1 2026.
- Net asset value per share was $13.37 as of June 30, 2026, a 3.2% decrease from $13.82.
- The Board declared a quarterly dividend of $0.31 per share, payable September 24, 2026.
- Repurchased 2,755,221 shares for $31.9 million, generating $0.07 per share of NAV accretion.
- Net leverage stood at 1.54x as of June 30, 2026.
- Net realized and change in unrealized losses totaled $(50.3) million for the quarter.
- Net repayments, including revolvers, totaled $160 million for the quarter.
Price Impact
More from MFIC