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Midas Edge

MidCap Financial Investment Corp

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 7, 2024

MFIC$10.36+0.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Unregistered Sales of Equity Securities

None.

Issuer Purchases of Equity Securities

The Company adopted the following plans, approved by the Board, for the purpose of repurchasing its common stock in accordance with applicable rules specified in the 1934 Act (the “Repurchase Plans”):

Date of Agreement/AmendmentMaximum Cost of Shares That May Be RepurchasedCost of Shares RepurchasedRemaining Cost of Shares That May Be Repurchased
August 5, 2015$50.0 million$50.0 million$— million
December 14, 201550.0 million50.0 million— million
September 14, 201650.0 million50.0 million— million
October 30, 201850.0 million50.0 million— million
February 6, 201950.0 million48.1 million1.9 million
February 3, 202225.0 million— million25.0 million
Total as of June 30, 2024$275.0 million$248.1 million$26.9 million

The Repurchase Plans were designed to allow the Company to repurchase its shares both during its open window periods and at times when it otherwise might be prevented from doing so under applicable insider trading laws or because of self-imposed trading blackout periods. A broker selected by the Company will have the authority under the terms and limitations specified in an agreement with the Company to repurchase shares on the Company’s behalf in accordance with the terms of the Repurchase Plans. Repurchases are subject to SEC regulations as well as certain price, market volume and timing constraints specified in the Repurchase Plans. Pursuant to the Repurchase Plans, the Company may from time to time repurchase a portion of its shares of common stock and the Company is hereby notifying stockholders of its intention as required by applicable securities laws.

Under the Repurchase Plans described above, the Company allocated the following amounts to be repurchased in accordance with SEC Rule 10b5-1 (the “10b5-1 Repurchase Plans”):

Effective DateTermination DateAmount Allocated to 10b5-1 Repurchase Plans
September 15, 2015November 5, 2015$5.0 million
January 1, 2016February 5, 201610.0 million
April 1, 2016May 19, 20165.0 million
July 1, 2016August 5, 201615.0 million
September 30, 2016November 8, 201620.0 million
January 4, 2017February 6, 201710.0 million
March 31, 2017May 19, 201710.0 million
June 30, 2017August 7, 201710.0 million
October 2, 2017November 6, 201710.0 million
January 3, 2018February 8, 201810.0 million
June 18, 2018August 9, 201810.0 million
September 17, 2018October 31, 201810.0 million
December 12, 2018February 7, 201910.0 million
February 25, 2019May 17, 201925.0 million
March 18, 2019May 17, 201910.0 million
June 4, 2019August 7, 201925.0 million
June 17, 2019August 7, 201920.0 million
September 16, 2019November 6, 201920.0 million
December 6, 2019February 5, 202025.0 million
December 16, 2019February 5, 202015.0 million
March 12, 2020March 19, 202020.0 million
March 30, 2021May 21, 202110.0 million
June 16, 2021November 5, 202110.0 million
December 16, 2021August 3, 20225.0 million
December 27, 2022February 22, 202310.0 million

The following table presents information with respect to the Company’s purchases of its common stock since adoption of the Repurchase Plans through June 30, 2024:

Month · Total Number of Shares Purchased · Average Price Paid Per Share* · Total Number of Shares Purchased as Part of Publicly Announced Plans · Maximum Dollar Value of Shares That May Yet Be Purchased Under Publicly Announced Plans
August 2015510,000$19.71510,000$$ 40.0 million
September 2015603,46618.46603,46628.8 million
November 20151,116,66618.101,116,6668.6 million
December 2015627,44317.58627,44347.6 million
January 2016670,70814.91670,70837.6 million
June 2016362,93316.73362,93331.5 million
July 201616,49116.5316,49131.2 million
August 2016596,29417.67596,29420.7 million
September 2016411,52318.13411,52363.2 million
October 2016527,41717.82527,41753.8 million
November 2016239,28917.45239,28949.6 million
August 201733,33317.9633,33349.0 million
September 2017186,76717.98186,76745.7 million
October 2017144,86717.96144,86743.1 million
November 201764,50017.7964,50041.9 million
December 201750,10017.8950,10041.0 million
January 2018577,38617.32577,38631.0 million
February 201870,56716.2370,56729.9 million
May 2018263,66717.12263,66725.4 million
June 2018198,60116.94198,60122.0 million
July 20188,86716.758,86721.9 million
August 2018502,76717.11502,76713.3 million
September 2018444,46716.54444,4675.9 million
October 2018160,80016.46160,80053.3 million
November 2018595,67215.81595,67243.9 million
December 2018741,38913.49741,35933.9 million
February 201919,39215.1619,39283.6 million
March 2019291,42615.40291,42679.1 million
April 201944,53415.2344,53478.4 million
May 2019298,02615.93298,02673.6 million
June 2019607,07315.97607,07363.9 million
July 201989,61016.1089,61062.5 million
August 2019758,02016.15758,02050.3 million
September 201932,37116.2632,37149.7 million
October 2019495,46415.65495,46442.0 million
November 20196,14715.916,14741.9 million
March 20201,286,56511.621,286,56526.9 million
May 2021145,57213.92145,57224.9 million
July 202144,41813.4644,41824.3 million
August 202145,67513.3245,67523.7 million
September 2021360,86013.02360,86019.0 million
October 2021308,00513.30308,00514.9 million
November 2021419,37213.05419,3729.4 million
December 2021227,42912.44227,4296.6 million
January 202260,60512.7060,60530.8 million
April 202288,47812.8288,47829.7 million
May 202240,04412.5740,04429.2 million
May 2023171,06111.56171,06127.2 million
June 202327,02311.8427,02326.9 million
Total15,593,150$15.9115,593,120
  • The average price per share is inclusive of commissions.
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.