CEF Advisors AICA Event NAVigator Podcast

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MidCap Financial Investment Corporation (MFIC)

BDC - Debt Focused BDC

Data as of June 14, 2024
Current
Market Price $15.17 (- $0.05)
NAV (March 31, 2024) $15.42 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -1.62% (-0.32%)
Fund Info
Inception April 6, 2004
Sponsor Apollo Global Management, LLC
Website https://www.midcapfina...
Phone 212-822-0625
Location New York
Incorporated Maryland
Staggered Board Yes
Term Date N/A
Objective: Current income and capital appreciation; invest in senior secured first lien loans
Related Indexes
Debt-Focused Business Development Company (BDC) Index
60/40 Balanced (w/ BDCs) Index
Capital & Leverage
Outstanding Shares 65,253,275
Total Assets (Reported: March 31, 2024) $2,445M
Estimated Total Assets $2,382M
Net Assets $1,006M
Market Cap $990M
Portfolio Turnover 23.49%
Debt-to-Equity 1.4037
Total Leverage 57.75%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 15.83%
Non Lev Exp Ratio 5.41%
Gross Asset Expense Ratio 6.51%
Gross Asset Non Lev Exp Ratio 2.23%
Rel Lev Cost 7.42%
Discount Data
Average Discount (3 Yr) -16.57%
Discount Low(3 Yr) -36.23%
Discount High(3 Yr) 5.25%
Discount Rel Range (3 Yr) 83.43%
Comp Discount -1.11
Discount St Dev (1Yr) 5.60
Z-Stat
Z-Stat (6mo) 0.71
Z-Stat (1Yr) 1.32
Z-Stat (3Yr) 1.97
Comp Z-Stat (6mo) 0.38
Comp Z-Stat (3Yr) 1.46
Distribution Data
Market Yield 10.02%
Income Yield 10.02%
Lev Adj NAV Yield 6.25%
Av Yield on Debt Investments 12.00
Distribution Frequency Q
Current Distribution $0.380
Current Income $0.380
Ex-Date 6/11/24
Payable Date 6/27/24
Div Growth (3yr) 22.58%
Dividend Change 2.7% on 2/21/23
Expected Div 8/2/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 100% 100%
ST Gains 0% 0%
QDI 0.0% 0.0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $3,677
Avg Volume 30 day 245,310
Avg Volume 90 day 242,360
Volume Trend 1.22%
Comp Volume Trend -6.68%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
40.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
65.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
82.0%
Most Correlated Peer (Mk Pr): FDUS 78.0%
Price St Dev (1Yr) 16.8%
NAV St Dev (1Yr) 1.0%
Earnings
Earnings / Share (3/31/24) $0.437
Adj Core NII Coverage 115.11%
1 Yr Avg NII Coverage 116.01%
1 Yr Avg Adj Core NII Coverage 116.01%
NII Trend 2.76%
Adj Core NII Trend 2.76%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.67
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.02
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
1.11
Portfolio Data
Avg Libor Floor % 1.04%
% Loans with Libor Floor 94%

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CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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