MidCap Financial Investment Corp
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
MFIC$10.27+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except per share data)
| Twelve Months Ended December 31, · Nine Months EndedDecember 31, · Twelve Months Ended March 31, | ||||||
|---|---|---|---|---|---|---|
| 2023 · 2022 · 2022 | ||||||
| Investment Income | ||||||
| Non-controlled/non-affiliated investments: | ||||||
| Interest income (excluding Payment-in-kind (“PIK”) interest income) | $ | 249,102 | $ | 143,564 | $ | 164,878 |
| Dividend income | 409 | 61 | 560 | |||
| PIK interest income | 2,012 | 1,156 | 2,652 | |||
| Other income | 3,727 | 2,234 | 5,060 | |||
| Non-controlled/affiliated investments: | ||||||
| Interest income (excluding PIK interest income) | 1,126 | 363 | 190 | |||
| Dividend income | 1,010 | 718 | 1,290 | |||
| PIK interest income | 125 | 58 | 71 | |||
| Other income | — | — | — | |||
| Controlled investments: | ||||||
| Interest income (excluding PIK interest income) | 17,892 | 25,530 | 35,043 | |||
| Dividend income | — | — | 2,059 | |||
| PIK interest income | 869 | 1,448 | 1,352 | |||
| Other income | 250 | 477 | — | |||
| Total Investment Income | $ | 276,522 | $ | 175,609 | $ | 213,155 |
| Expenses | ||||||
| Management fees | $ | 17,369 | $ | 26,621 | $ | 36,142 |
| Performance-based incentive fees | 24,565 | 5,691 | 11,681 | |||
| Interest and other debt expenses | 104,198 | 59,363 | 55,020 | |||
| Administrative services expense | 5,840 | 4,188 | 5,835 | |||
| Other general and administrative expenses | 10,131 | 6,551 | 9,106 | |||
| Total expenses | 162,103 | 102,414 | 117,784 | |||
| Management and performance-based incentive fees waived | — | — | — | |||
| Performance-based incentive fee offset | (274) | (178) | (247) | |||
| Expense reimbursements | (1,306) | (770) | (343) | |||
| Net Expenses | $ | 160,523 | $ | 101,466 | $ | 117,194 |
| Net Investment Income | $ | 115,999 | $ | 74,143 | $ | 95,961 |
| Net Realized and Change in Unrealized Gains (Losses) | ||||||
| Net realized gains (losses): | ||||||
| Non-controlled/non-affiliated investments | $ | 131 | $ | 1,977 | $ | 2,977 |
| Non-controlled/affiliated investments | — | (2,224) | 541 | |||
| Controlled investments | — | (69,265) | (65,299) | |||
| Foreign currency transactions | 69 | 273 | (5,586) | |||
| Net realized gains (losses) | 200 | (69,239) | (67,367) | |||
| Net change in unrealized gains (losses): | ||||||
| Non-controlled/non-affiliated investments | (1,326) | (35,113) | 2,184 | |||
| Non-controlled/affiliated investments | 3,799 | (5,008) | 15,398 | |||
| Controlled investments | 2,636 | 53,726 | 27,010 | |||
| Foreign currency translations | (2,548) | 4,431 | 9,178 | |||
| Net change in unrealized gains (losses) | 2,561 | 18,036 | 53,770 | |||
| Net Realized and Change in Unrealized Gains (Losses) | $ | 2,761 | $ | (51,203) | $ | (13,597) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 118,760 | $ | 22,940 | $ | 82,364 |
| Earnings (Loss) Per Share — Basic | 1.82 | 0.36 | 1.28 | |||
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