Monroe Capital outearns dividend


Adjusted net investment income per share of $0.35 vs. $0.33 in Q1. Net increase in net assets from operations of $0.28 vs. $0.38. Dividend of $0.34.

Management notes it's the first time since the IPO nearly two years ago that the company has outearned its dividend.

Net asset value per share of $13.93 down $0.06. Friday's closing price was $13.35.

Invested assets of $239.7M up $13.5M from Q1. Weighted average annualized effective yield of 11.1% up 30 basis points.

Conference call at 2 ET.

Previously: Monroe Capital beats by $0.02, beats on revenue

MRCC flat premarket

Comments (1)
  • Arthur Cutton
    , contributor
    Comments (271) | Send Message
     
    Glad they finally had a quarter where value was created. I'm still appalled that they followed their $15 IPO with a $14 secondary. They care about their fees not the public bag holders. Still looks like there's an eternity between here and break even. Leave it to William Blair to foist this dung heap on their clients.
    11 Aug 2014, 12:07 PM Reply Like
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