MidCap Financial Investment Corporation

MidCap Financial Investment Corporation (NASDAQ: MFIC) is an externally managed, publicly traded, Business Development Company, focused on providing senior debt solutions to middle market companies. We derive significant benefits from our affiliation with Apollo, a global high-growth alternative asset manager, and its unique partnership with MidCap Financial, a leading middle market lender. Through MFIC, shareholders can access institutional quality private credit at an industry-leading fee structure.

Overview

Overview

About

MidCap Financial Investment Corporation (“MFIC”) (NASDAQ: MFIC) is a specialty finance company focused on providing senior debt solutions to middle market companies. Our investment objective is to generate current income and, to a lesser extent, capital appreciation. MFIC has elected to be treated as a Business Development Company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”). Our common stock is publicly traded on The Nasdaq Global Select Market under the symbol “MFIC.” For tax purposes we have elected to be treated as a regulated investment company, or RIC, under the Internal Revenue Code of 1986, as amended (the “Code”).

We are externally managed by an affiliate of Apollo Global Management, Inc. (“Apollo”), (NYSE: APO) a global, high-growth alternative asset manager. We primarily invest in senior secured first lien loans originated by MidCap Financial, one of the world’s leading middle market direct lenders with a long and successful track record, which is discretionally managed by Apollo. We derive significant benefits from our affiliation with Apollo and its unique partnership with MidCap Financial. Our ability to co-invest with other Apollo managed capital, and MidCap Financial, makes us part of the one of the largest direct lenders uniquely positioned to provide large commitments.

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Apollo Investment Management, L.P., an affiliate of Apollo Global Management, Inc. (“Apollo Global”) serves as our investment adviser.

Since its founding in 1990, Apollo Global has grown to become one of the world's largest alternative investment managers. As of December 31, 2023, Apollo Global had total assets under management of approximately $651 billion.

MidCap Financial Investment Corporation operates as part of Apollo’s Direct Origination Platform which provides full service debt solutions to U.S. middle market companies. As of June 30, 2022, the Direct Origination Platform had approximately $32 billion of assets. The Apollo direct origination team consists of 200+ professionals which is bolstered by the Apollo Global Management, Inc. integrated platform. Direct origination encompasses an array of origination verticals including financial sponsors and select niche markets with high barriers to entry. In addition to sourcing direct originations, we also identify investment opportunities from Apollo’s deep relationships with Wall Street intermediaries.

Investment Types

Revolvers

First Lien Secured Loans

Second Lien Secured Loans

Unsecured Loans

Transactions Types

Leveraged Buyouts

Acquisitions

Recapitalizations

Growth Capital

Refinancing

Product Offerings

Aircraft Leasing

Asset Based Lending

Corporate Lending

Restructurings

Life Sciences & Technology Lending

Lender Finance

Franchise Finance

Our Investment strategy primarily focuses on investing in senior secured middle market loans sourced by MidCap Financial, a leading middle market lender with a long and successful track record.

Founded in 2008, MidCap Financial is an established leader in middle market lending. MidCap is a privately held leading middle market-focused specialty finance firm that provides debt solutions to companies across all industries through first lien secured loans and asset-based loans. MidCap’s years of experience, strong balance sheet, and flexibility make it the lender of choice for companies across all stages of growth and complexity. MidCap is managed by a subsidiary of Apollo.

Leadership Team
howard-widra
Howard T. Widra
Executive Chairman
tanner-powell
Tanner Powell
Chief Executive Officer
Ted-McNulty
Ted McNulty
President and Chief Investment Officer, AIM
Gregory
Gregory W. Hunt
Chief Financial Officer and Treasurer
Kristen-Hester
Kristin Hester
Secretary and Chief Legal Officer
patrick-ryan
Patrick Ryan
Chief Credit Officer, AIM
ryan-del-giudice
Ryan Del Giudice
Chief Compliance Officer

Board of Directors and Committee Composition
Committee Chair Committee Member
Name Title Audit Committee Compensation Committee Nominating & Governance Committee
Howard T. Widra
Executive Chairman
John J. Hannan
Vice Chairman
Barbara Matas
Director
Emanuel Pearlman
Director
R. Rudolph Reinfrank
Director
Elliot Stein, Jr.
Director
Carmencita Whonder
Director

Shareholders

Shareholders


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Dividend Reinvestment Plan

Apollo Investment Corporation’s Dividend Reinvestment Plan

Additional information about the dividend reinvestment plan may be obtained by contacting the plan administrator, American Stock Transfer and Trust Company.

By Mail

American Stock Transfer and Trust Company

P.O. Box 922, Wall Street Station 

NY, NY 10269-0560

Or

Interactive Voice Response System at 1-888-777-0324.

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Who is Midcap Financial Investment
Corporation?

Established in February 2004, Midcap Financial Investment Corporation is a closed-end, non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940.

Who is Apollo?

Founded in 1990, Apollo is a global alternative manager and an affiliate of our investment advisr Apollo Investment Management L.P.

What is Midcap Financial Investment
Corporation’s investment objective?

To generate current income and capital appreciation

Where can I find information about
Midcap Financial Investment
Corporation’s net asset value (NAV)?

Quarterly net asset value per share information can be obtained in our public filings (e.g., 10-Q) with the Securities and Exchange Commission via their website www.sec.gov or by visiting our SEC Filings section.

Where is Midcap Financial
Investment Corporation’s common
stock listed?

The company’s common stock is listed and traded on the NASDAQ under ticker symbol MFIC.

Can I purchase shares directly from
Midcap Financial Investment
Corporation?

No. Investors must go through a broker or to the Company’s transfer agent American Stock Transfer (also our plan administrator) to purchase shares. Please visit American Stock Transfer’s website at www.amstock.com or call 1-888-777-0324 for more information.

What is Midcap Financial Investment
Corporation’s CUSIP number?

CUSIP number is 03761U502. Please note that the Company's CUSIP number changed as a result of the Company's one-for-three reverse stock split which became effective at the close of business on November 30, 2018. The Company's original CUSIP number was 03761U106.

Does Midcap Financial Investment Corporation pay dividends?

Yes. intends to distribute quarterly dividends to stockholders of record. To see a list of our historical dividends please visit our Distributions page.

Does Midcap Financial Investment Corporation have a Dividend Reinvestment Plan (DRIP)?

Yes. All stockholders are automatically enrolled in the dividend reinvestment plan.

How can I opt out of the Dividend Reinvestment Plan?

A registered stockholder may elect to receive an entire dividend in cash by notifying American Stock Transfer and Trust Company, the plan administrator and our transfer agent and registrar, in writing so that such notice is received by the plan administrator no later than the record date for dividends to stockholders. Registered stockholders can notify the plan administrator via its website at www.amstock.com, by filling out the transaction request form located at the bottom of their statement and sending it to the plan administrator at P.O. Box 922, Wall Street Station, NY, NY 10269-0560 or by calling the plan administrator’s Interactive Voice Response System at 1-888-777-0324.

How do I know if I am a registered stockholder?

A registered stockholder is one that is shown on the records of the Company. If you purchased shares through a broker, the shares might not be registered in your name but instead may be registered in the name of the broker (held in “street name”). Individual stockholders whose shares are held in street name should contact their broker for more information on any dividend reinvestment plan changes.

Are dividends taxable to stockholders?

Dividends are generally taxable to U.S. stockholders as ordinary income or capital gains. We will send to each of our U.S. registered stockholders, as promptly as possible after the end of each calendar year, a Form 1099-DIV, which details the amounts includible in such U.S. stockholder’s taxable income for such year as ordinary income and as long-term capital gains.

How can I obtain additional information from Midcap Financial Investment Corporation?

Additional information can be requested by visiting the Contact Us section.

How can I receive email alerts from Midcap Financial Investment Corporation?

For more information on how to sign up for email alerts regarding events, documents and press releases please visit the Email Notification section.

When was the last annual meeting of stockholders?

The last annual meeting of stockholders was on July 10, 2023.

When is the next annual meeting of stockholders?

The date of the next annual meeting has not yet be set. The Company will file a Proxy Statement with the SEC with the meeting details.

Which stock analysts cover Midcap Financial Investment Corporation?

Please visit our Analyst Coverage section to view a detailed list of the analysts who follow the company.

How do I contact Midcap Financial Investment Corporation Investor Relations?

Elizabeth Besen
9 West 57th Street
New York, NY 10019
212-822-0625
Email: ebesen@apollo.com
Email: investorrelations@midcapfinancialic.com
  

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Raymond James & Associates
Kenneth Lee
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Mark Hughes
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Finian O'Shea
Wells Fargo Securities

Contact

Contact

Contact Our Team

IR Contact
Elizabeth Besen
9 West 57th Street
New York, NY 10019

212-822-0625
ebesen@apollo.com
investorrelations@midcapfinancialic.com

Transfer Agent
AST
6201 15th Avenue
Brooklyn, NY 11219
888-777-0324
www.astfinancial.com

To get in touch with one of our team members, please provide us with the following information.

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