Monroe Capital Corp. (MRCC)

In August 2025, MRCC announced its second-quarter financial results and a definitive merger agreement with Horizon Technology Finance Corporation (HRZN), agreeing to sell its investment assets to Monroe Capital Income Plus Corporation (MCIP) prior to the merger, with these transactions expected to close in the first quarter of 2026. In September 2025, a third-quarter distribution of $0.25 per share was announced. November 2025 saw the reporting of third-quarter financial results, including a Net Investment Income (NII) of $1.8 million, or $0.08 per share, and a Net Asset Value (NAV) of $173.0 million, or $7.99 per share, with the debt-to-equity leverage increasing to 1.23 times. In December 2025, MRCC declared a fourth-quarter distribution of $0.18 per share and announced plans for the redemption of its 2026 Notes. The stock price fluctuated between $5.86 and $8.85, closing at $6.46 as of January 9, 2026.

The demand for Monroe Capital Corporation's products and services is primarily driven by broader economic trends and the evolving landscape of corporate financing rather than explicit seasonality. The private credit market's growth, driven by increased demand from private companies seeking capital, is influenced by factors such as interest rate environments, competition within the private credit sector, and the overall economic outlook.

Monroe Capital Corporation (MRCC) is a publicly traded business development company (BDC) that provides customized financing solutions to lower middle-market companies in the United States and Canada, operating within the financial sector as a specialty finance company in the asset management industry. Its primary offerings include senior, unitranche, and junior secured debt, along with subordinated debt financing, and to a lesser extent, unsecured debt and equity investments, focusing on companies with EBITDA typically between $3 million and $35 million.

Monroe Capital Corporation primarily focuses its investment activities in the United States and Canada. Its affiliate, Monroe Capital LLC, maintains a broader presence with its headquarters in Chicago and 12 additional locations across the United States, Middle East, Asia, and Australia.

Monroe Capital LLC, the affiliate of Monroe Capital Corporation, has received several industry recognitions in the past year, which generally contribute positively to the overall brand reputation. In 2025, Monroe Capital LLC was named to GrowthCap Advisory's Top Private Credit Firm List for the second consecutive year and Inc.'s Founder-Friendly Investors List. It also received awards from DealCatalyst as the Most Innovative Private Credit CLO Manager of the Year, and from Global M&A Network as the Lower Mid-Markets Lender of the Year, Americas. These awards reflect positively on the expertise and standing of the management team that also advises MRCC.

Monroe Capital Corporation (MRCC) has a significant institutional ownership base, with 85 institutional owners and shareholders holding a total of 4,290,508 shares. Major institutional shareholders include Bulldog Investors, LLP, CAPROCK Group, Inc., Blair William & Co/il, BlackRock, Inc., Sunbelt Securities, Inc., Almitas Capital LLC, LaFleur & Godfrey LLC, BI Asset Management Fondsmaeglerselskab A/S, Commonwealth Equity Services, Llc, and Susquehanna International Group, Llp. Other notable institutional holders include Schroder Investment Management North America Inc. and Total Return Securities, Inc.