Monroe Capital reports Q2 adjusted NII 15c , consensus 22c

Reports Q2 Net Asset Value, or NAV, of $179.6M, or $8.29 per share. CEO Theodore Koenig commented, “We are pleased to announce that we paid a 25c per share dividend during the second quarter, representing an approximate 14.6% annualized dividend yield. We continued to support the dividend through utilizing the spillover income we have accumulated from prior strong performance. We believe that MRCC‘s recently announced merger with HRZN, through its NAV for NAV structure, will unlock meaningful value for our shareholders and provide them with compelling long-term upside through participation in a larger, more scaled HRZN, which stands to benefit from meaningful synergies and operating leverage as it continues to grow.”