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MFIC News
MFIC Events
MFIC Reports Q2 NII of 40 Cents, Investment Income at $68.23M
Reports Q2 NII 40c vs. 39c last year. Reports Q2 total Investment Income $68.23M vs. $81.25M last year. NAV per share as of the end of the quarter was $13.37 vs. $13.82 as of March 31, 2026, a 3.2% decrease. CEO Tanner Powell stated, "As previously disclosed, during the second quarter, we repurchased approximately $31.9 million of stock below NAV, generating approximately $0.07 per share of NAV accretion for stockholders. Although we had meaningful net repayments during the quarter, portfolio losses and stock buybacks offset their de-leveraging impact. Our net loss for the quarter reflected credit weakness in a limited number of positions. We believe that MFIC's fee structure is one of the most attractive among listed BDCs which helps mitigate the impact of losses. Looking ahead, we will make capital allocation decisions based on leverage and market conditions."
Major Averages Close Slightly Higher as Investors Focus on Economic Data
The major averages closed slightly higher despite a continued stalemate in U.S.-Iran negotiations and continued disruption around the Strait of Hormuz. Markets begin the week in the green as they look to build on six straight weeks of gains, with investors trying to reconcile resilient economic data, rising geopolitical risk and an AI trade that refuses to cool off.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:FoxreportedCircle Internetreportedand provided FY26 guidanceDream Finders HomesBeazer Homesfor $25.75 per shareMosaicreported, lowered its FY26 CapEx guidance, and withdrew its FY26 phosphate production guidancePresident Trump is set to travel to China this week,including Tesla'sElon Musk and Apple'sTim Cook2. WALL STREET CALLS:UBSDell Technologieson valuation after rallyUberto Outperform at Fox Advisors as investments start paying offWendy'sto Underweight at JPMorganStarz Entertainmentto Outperform at BairdWall Streeton two recent IPOs, Madison Airand Arxis3. AROUND THE WEB:Starbucksplans to lay off 61 corporate staff in its technology unit at its Seattle headquarters, Reuters reportsApollo Globalis in talks to sell MidCap Financial, WSJ reportsA Microsoftdata center site in East Africa has been delayed due to disagreements with the Kenyan government over guaranteed payments, Bloomberg reportsGeneral Motorswill pay $12.75M to resolve a California investigation into claims that it illegally sold the location and driving data of OnStar subscribers to brokers, Reuters saysAppleis working on a "slight redesign" for macOS 27 to address Liquid Glass issues, Bloomberg says4. MOVERS:Babcock & Wilcoxrises afterMonday.comhigher afterand providing guidance for Q2 and FY26Erascagains after entering into anand supply agreement with MerckCertarafalls afterTelephone & Data Systemslower after Raymond Jamesthe stock to Market Perform from Outperform5. EARNINGS/GUIDANCE:Seadrillprovided areport for Q1Townsquare MediareportedDolereported ain Q1 earningsKodiak Gas Servicesprovided areport for Q1LiquidiareportedINDEXES:The Dow rose 95.31, or 0.19%, to 49,704.47, the Nasdaq gained 27.05, or 0.10%, to 26,274.13, and the S&P 500 advanced 13.91, or 0.19%, to 7,412.84.
Major Averages Slightly Higher as Investors Eye Geopolitical Risks
The major averages were slightly higher near noon despite another deterioration in U.S.-Iran negotiations and continued disruption around the Strait of Hormuz. Markets are starting off in the green after six straight weeks of gains, with investors trying to reconcile resilient economic data, rising geopolitical risk and an AI trade that refuses to cool off.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:FoxreportedCircle Internetreportedand provided FY26 guidanceDream Finders HomesBeazer Homesfor $25.75 per shareMosaicreported, lowered its FY26 CapEx guidance, andd withdrew its FY26 phosphate production guidanceSeadrillprovided areport for Q12. WALL STREET CALLS:UBSDell Technologieson valuation after rallyUberto Outperform at Fox Advisors as investments start paying offWendy'sto Underweight at JPMorganStarz Entertainmentto Outperform at BairdWall Streeton two recent IPOs, Madison Airand Arxis3. AROUND THE WEB:Apollo Globalis in talks to sell MidCap Financial, WSJ reportsA Microsoftdata center site in East Africa has been delayed due to disagreements with the Kenyan government over guaranteed payments, Bloomberg reportsGeneral Motorswill pay $12.75M to resolve a California investigation into claims that it illegally sold the location and driving data of OnStar subscribers to brokers, Reuters saysAppleis working on a "slight redesign" for macOS 27 to address Liquid Glass issues, Bloomberg saysA Frontier Airlinesplane hit and killed a trespasser who breached airport security and ran out onto a runway at Denver International airport late on Friday, WSJ says4. MOVERS:Babcock & Wilcoxrises afterMonday.comhigher after reportingand providing guidance for Q2 and FY26Erascagains after entering into an AURORAS-1 clinical trial andCertarafalls afterTelephone & Data Systemslower after Raymond Jamesthe stock to Market Perform from Outperform5. EARNINGS/GUIDANCE:Townsquare MediareportedDolereported ain Q1 earningsKodiak Gas Servicesprovided areport for Q1LiquidiareportedAgenusreported ain Q1 revenueINDEXES:Near midday, the Dow was flat at 49,610.87, the Nasdaq was up 0.33%, or 87.72, to 26,334.80, and the S&P 500 was up 0.33%, or 24.13, to 7,423.06.
Company Reports Q1 Investment Income of $71.8M
Reports Q1 total investment income $71.8M, consensus $74.62M. Reports Q1 NAV per share $13.82 vs $14.18 at December 31, 2025. "As discussed last quarter, given the size of the stock's discount to NAV, we prioritized allocating capital toward stock repurchases rather than deploying capital into new investments during the quarter," said CEO Tanner Powell.
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