Driver FixRecommendedSound, Wi-Fi or graphics acting up? Check drivers firstFind missing or outdated drivers fast.Check DriversOctober DealsAmazon USOctober deal check: compare before you payAmazon US: current deals, useful picks and tech finds.Check DealsWindows FixRecommendedWindows errors stealing your time? Find the fix fastScan stability, cleanup and performance issues.Fix Now×
Skip to content
The Finance Base
business development companies

MidCap Financial Investment Corporation (MFICL): Notes, Price and Latest News

MFICL denotes MidCap Financial Investment Corporation’s 8.00% notes due 2028, while MFIC is its common stock. The latest results showed $0.40 quarterly net investment income per share and a 3.2% decline in NAV to $13.37.

By TheFinanceBase Team 4 min read
Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

MFICL is MidCap Financial Investment Corporation’s 8.00% notes due 2028—not its common stock. The company’s common shares trade under MFIC. The latest quote captured here, $8.62 at the October 2, 2026 Nasdaq close, is for MFIC common stock; a current MFICL price was not established. The distinction matters: the notes and shares are different securities with different payment terms and risks.

What is MFICL?

MidCap Financial Investment Corporation is an externally managed business development company (BDC) that provides senior debt financing to middle-market companies. Its stated objective is to generate current income and, to a lesser extent, capital appreciation. It primarily invests in senior secured loans originated by MidCap Financial; Apollo Investment Management, L.P., an Apollo affiliate, is its investment adviser. The issuer describes its business and investor information on its website.

The SEC identifies two distinct Nasdaq Global Select Market securities: common stock under MFIC and 8.00% notes due 2028 under MFICL. Calling MFICL “stock” is common shorthand in searches, but it is a debt security, not the company’s common equity. Investors generally transact through a broker or the transfer agent, as the issuer’s FAQ explains. SEC company filings

MFICL vs. MFIC: what is different?

Feature MFICL MFIC
Security type 8.00% notes due 2028 Common stock
Income terms 8.00% coupon; full payment schedule and other note terms not established here Board-declared distributions; future amounts and continuation are not assured
Current price in the sources cited Not stated; a current MFICL quote was not established $8.62 at the October 2, 2026, 4:00 p.m. EDT market close, down $0.12 (1.37%)
Yield, liquidity and relative repayment risk Not stated Not stated

Do not use the MFIC share price as a proxy for MFICL’s market price or yield. A note’s coupon is not the same as its market yield: yield depends on the note’s trading price and payment terms. The available information establishes the notes’ identity and coupon, but not a current quote, yield, trading liquidity, or complete terms. SEC company filings

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

What is MFIC trading at?

The issuer’s quote panel showed MFIC common stock at $8.62, down $0.12 (1.37%), at the October 2, 2026, 4:00 p.m. EDT close. This is a dated U.S. market quote for common shares, not a live quote and not the price of MFICL notes. Confirm the ticker and timestamp with a market-data provider before acting; no MFICL price is reported here. Issuer stock information

Latest reported results: income rose, NAV fell

For the quarter ended June 30, 2026, MFIC reported net investment income of $0.40 per share, compared with $0.38 per share in the quarter ended March 31, 2026. Net investment income is a measure of investment earnings after expenses; it is not the same as total return or a guarantee that a distribution is covered in future periods. Company earnings release

Rank #2
Sale
The Psychology of Money: Timeless lessons on wealth, greed, and happiness
  • Ideal for Gifting
  • Ideal for a bookworm
  • Compact for travelling

Net asset value (NAV) was $13.37 per share on June 30, down from $13.82 on March 31—a 3.2% decrease. The company attributed the decline to portfolio losses driven by credit-related weakness concentrated in a limited number of positions. Income above the dividend and share repurchases below NAV partly offset those losses. NAV is the value of assets less liabilities, expressed per common share; it is not a promised sale price for the stock. Company earnings release

Portfolio and leverage at June 30, 2026

  • Investment portfolio fair value: $2.77 billion.
  • Portfolio companies: 229.
  • Of direct-origination portfolio debt, 97% was first lien and 100% was floating rate. These percentages apply to the direct-origination debt portfolio, not necessarily every asset.
  • Net leverage: 1.54x.

These are company-reported figures for the quarter ended June 30, 2026. Leverage can amplify the effect of portfolio gains and losses and makes financing conditions relevant alongside borrower credit quality. Company earnings release

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

Dividend: the latest declaration is not a guarantee

On August 5, 2026, the board declared a $0.31 per-share quarterly dividend, payable September 24 to holders of record September 8. The company said there is no assurance that the board will continue declaring a base dividend of $0.31 per share. A declaration for one quarter does not establish future distributions or make them guaranteed. Company earnings release

Other notable June-quarter capital allocation

During the quarter, MFIC repurchased 2,755,221 shares at a weighted average price of $11.58, spending $31.9 million and using the capacity then available under its repurchase program. Those figures describe the company’s repurchases during that period; they are not a current offer to buy shares or an indication of today’s market price. Company earnings release

Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Support on Ko-Fi

What to watch in future MFIC news

  • Credit performance: monitor reported non-accruals, realized and unrealized losses, and changes in the value of loans. The latest release attributed the NAV decline to credit weakness in a limited number of positions.
  • NAV and share price: compare later NAV reports with the common-stock market price, while recognizing they are different measures.
  • Income and distributions: review net investment income alongside declared dividends, and check each new board declaration rather than assuming the amount recurs.
  • Leverage and funding: track leverage and financing conditions because they affect the company’s capacity to absorb losses and make investments.
  • Security identity: verify whether a quote or headline refers to MFIC common stock or MFICL notes before interpreting price moves or income.

In an August 6, 2026 earnings release, CEO and Executive Chairman Tanner Powell characterized the quarter’s net loss as reflecting “credit weakness in a limited number of positions.” That is management’s explanation, not an independent assessment. He also said future capital-allocation decisions would depend on leverage and market conditions. Company earnings release

Quick Recap

SaleBestseller No. 1
SaleBestseller No. 2
The Psychology of Money: Timeless lessons on wealth, greed, and happiness
The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Ideal for Gifting; Ideal for a bookworm; Compact for travelling
$10.99
SaleBestseller No. 5
I Will Teach You to Be Rich: No Guilt. No Excuses. Just a 6-Week Program That Works (Second Edition)
I Will Teach You to Be Rich: No Guilt. No Excuses. Just a 6-Week Program That Works (Second Edition)
It can be a gift option; Comes with secure packaging; Helpful in various ways
$9.15
Best Value
Sale
I Will Teach You to Be Rich: No Guilt. No Excuses. Just a 6-Week Program That Works (Second Edition)
  • It can be a gift option
  • Comes with secure packaging
  • Helpful in various ways

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

Leave a Reply

Your email address will not be published. Required fields are marked *

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

More from the Money Desk

Recommended PC Tool
Recommended PC Tool
Crashes, No Sound, or Screen Glitches?Free driver scan
PC Slower Than It Used to Be?Free scan - under a minute

Two free Windows tools

One Free Minute Could Fix That PC

Before you go - each of these free tools takes about a minute and tackles what quietly slows a Windows PC down.

Special offer. View Outbyte info, uninstall instructions, EULA, and Privacy Policy.