Monroe Capital: Rising Non-Accruals Threaten Current Dividend [Seeking Alpha]
Monroe Capital Corporation - Closed End Fund (MRCC)
Last monroe capital corporation - closed end fund earnings: 3/3 04:01 pm
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US:NASDAQ Investor Relations:
ir.monroebdc.com/investor-relations
Company Research
Source: Seeking Alpha
The high dividend yield of 13.5% has helped maintain positive total returns, but another dividend cut is expected due to the thin NII per share coverage. MRCC's portfolio is heavily exposed to the real estate sector, which has hindered its growth due to higher interest rates. Non-accruals have increased and NAV per share has decreased over the last decade. Overview Monroe Capital NASDAQ: MRCC ) is a much smaller business development company in scale with a market cap of only $160M. This BDC is focused on lower middle market companies based within the United States and Canada. They bring in their revenues by providing financing to these lower middle market companies through the use of senior secured, unitranche, and junior secured debt. Although smaller in size, its history dates back to an inception in 2012. We can see how the price has moved down by over 50% since then, while the high distributions have helped total returns stay in the positive territory. One of the main a
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MRCC
News
- Monroe Capital Supports Haveli Investments' Acquisition of ZeroFox [Yahoo! Finance]Yahoo! Finance
- Monroe Capital Supports Growth of Signal 88, LLC [Yahoo! Finance]Yahoo! Finance
- Monroe Capital: The Risks Are Still Too Excessive To Go Long [Seeking Alpha]Seeking Alpha
- Monroe Capital Supports Zenyth Partners' The Smilist Management [Yahoo! Finance]Yahoo! Finance
- Monroe Capital Supports Sheer Logistics' Acquisition of CargoBarn [Yahoo! Finance]Yahoo! Finance
MRCC
Earnings
- 5/8/24 - Miss
MRCC
Sec Filings
- 6/3/24 - Form 8-K
- 5/22/24 - Form DEFA14A
- 5/13/24 - Form DEFA14A
- MRCC's page on the SEC website