MidCap Financial Investment Corporation Announces Key Earnings Details
MidCap Financial Investment Corporation Schedules Earnings Announcement
MidCap Financial Investment Corporation (NASDAQ: MFIC) has exciting news for investors as it prepares to unveil results for its financial performance. The company will report its earnings for the quarter ending September 30, 2024. The announcement is set to occur just before the market opens, which is a significant moment for stakeholders waiting for insight into the company’s operations.
Details of the Earnings Release
The earnings release will take place on Thursday, November 7, 2024. This strategic timing allows investors to assess the company's performance right before market activity begins. As a publicly traded company, such insights are critical for investors looking to gauge the effectiveness of the company’s business strategies and market positioning.
Conference Call Participation
In addition to the earnings announcement, MidCap Financial will host a conference call on the same day at 8:30 a.m. Eastern Time. This provides a unique opportunity for interested parties to engage directly with company representatives. To join the call, participants can dial (800) 343-4136, and international callers are welcomed with a different line at (203) 518-9843. Mentioning either the company’s name or the Conference ID: MFIC1107 during the call prompts smooth participation.
Webcast Access
For those who prefer a digital approach, a live webcast will be available for public access. This provides a convenient option for investors or interested individuals who cannot join via phone. Details for accessing the webcast will be shared via the company’s official website, ensuring transparency and accessibility in its communication with stakeholders.
Overview of MidCap Financial Investment Corporation
MidCap Financial Investment Corporation operates as a diversified management investment company, with a focus on maximizing returns for its investors. Positioned strategically in the financial market, the company has chosen to be treated as a business development company under the Investment Company Act of 1940. This classification highlights its role in supporting middle-market firms, particularly through investments in first lien senior secured loans.
The Company’s Investment Strategy
MidCap Financial's investment strategy targets U.S. middle-market companies, specifically those generating less than $75 million in EBITDA. By focusing on these entities, the company aims to build a robust investment portfolio that includes a mix of financing options such as senior secured loans, unsecured, and mezzanine loans. Such strategic targeting is vital for driving potential long-term capital appreciation while managing risk effectively.
Management Team
The company's management team, externally managed by Apollo Investment Management, L.P., brings substantial expertise to MidCap Financial’s operations. This partnership underlines the company’s commitment to leveraging specialized knowledge in the financial sector, aiming for sustainable growth and resilience in an ever-evolving market landscape.
Investor Relations and Accessibility
MidCap Financial keeps open channels of communication with its investors and wider audience. Elizabeth Besen, the Investor Relations Manager, is designated as the primary contact. Investors can reach her at (212) 822-0625 or via email for inquiries regarding investment information. This access to investor relations officials demonstrates MidCap Financial’s commitment to maintaining transparency and accountability.
Frequently Asked Questions
What is the focus of MidCap Financial’s investments?
MidCap Financial primarily invests in first lien senior secured loans to privately held U.S. middle-market companies.
When will the earnings report be released?
The earnings report for the quarter ended September 30, 2024, will be released on November 7, 2024.
How can I participate in the conference call?
To participate in the conference call, dial (800) 343-4136 or (203) 518-9843 for international callers.
Who manages MidCap Financial?
MidCap Financial is externally managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management.
Where can I find more information about MidCap Financial?
More information can be found on the official website of MidCap Financial Investment Corporation.
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