Monroe Capital outearns dividend

|About: Monroe Capital (MRCC)|By:, SA News Editor

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