Monroe Capital Corporation Declares Significant Dividend Payout
Monroe Capital Corporation Announces Dividend for Shareholders
In a recent announcement, Monroe Capital Corporation (NASDAQ: MRCC) revealed that its Board of Directors has approved a distribution of $0.25 per share for its stockholders. This distribution is intended for the second quarter payment and will be issued on June 30, providing timely returns to those who are stockholders of record as of June 16.
Dividend Reinvestment Plan Enhances Stockholder Value
The Company has implemented a dividend reinvestment plan since October 2012, allowing stockholders to automatically reinvest their distributions into additional shares of Monroe Capital’s capital stock. This is beneficial for those wishing to grow their investment without requiring an action before the record date.
Tax Reporting and Communication
After the close of the calendar year, Monroe Capital will report the specific tax characteristics of the distribution to its stockholders using Form 1099. This aligns with the regulatory requirements and is included in the Company’s periodic reports submitted to regulators.
Insights into Monroe Capital Corporation
Monroe Capital Corporation is a notable player in the specialty finance sector, focusing primarily on investments in secured debt and equity for middle-market companies. The primary goal is to deliver strong total returns to its investors through consistent income and potential capital growth, effectively maximizing shareholder value.
Investment Philosophy and Strategy
Monroe's investment strategy is adeptly managed by Monroe Capital BDC Advisors, LLC, which ensures that investment decisions are grounded in a thorough analysis of market conditions and opportunities. Their portfolio encompasses senior, unitranche, and junior secured debt, alongside other financial instruments that support company growth.
Monroe Capital LLC: A Strong Ally in Asset Management
Monroe Capital LLC operates as a premier asset management firm. With expertise spanning various strategies such as direct lending and equity investments, their solid reputation has been built over years of servicing clients across the U.S. and Canada. The firm's flexible approach makes it an ideal partner for business owners and investment entities alike.
Recognition and Contributions
Monroe has garnered numerous accolades indicating its success and influential position in the private credit market. Awards from various institutions underscore its prowess in lending and asset management, reflecting a commitment to excellence and innovative solutions in an ever-changing financial landscape.
Engaging with Monroe Capital Corporation
Individuals interested in learning more about Monroe Capital’s services and investment avenues can visit their official website. Those seeking investment opportunities or other inquiries can reach out to investor relations or media contacts for detailed discussions.
Contact Information
The Chief Financial Officer and Chief Investment Officer, Mick Solimene, is available for investor inquiries at (312) 598-8401 or via email. Media representatives can connect with Daniel Abramson from BackBay Communications at (857) 305-8441 for publicity-related matters.
Frequently Asked Questions
What is the distribution declared by Monroe Capital Corporation?
The distribution declared is $0.25 per share for its stockholders for the second quarter.
When will the dividend be issued?
The dividend will be payable on June 30 to stockholders of record as of June 16.
What is the dividend reinvestment plan?
The dividend reinvestment plan allows stockholders to reinvest their distributions automatically into additional shares of the Company, helping to enhance their investment.
Who manages the investment activities of Monroe Capital?
Investment activities are managed by Monroe Capital BDC Advisors, LLC, a registered investment adviser.
How can I contact Monroe Capital Corporation for investor inquiries?
For investor inquiries, you can reach Mick Solimene at (312) 598-8401 or email him directly.
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