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MidCap Financial Investment Corporation: Trading At Discount With 0.8% Yield

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MidCap Financial Investment Corporation's portfolio is diversified and first lien-heavy portfolio. Read what makes MFIC stock a worthwhile investment.
The article from Seeking Alpha discusses MidCap Financial Investment Corporation (MFIC), which is currently trading at a discount to its net asset value (NAV) and offers a high yield of 10.8%. MFIC, formerly known as Apollo Investment Corporation, has undergone a name change to reflect its focus on mid-sized companies. The company has shown a robust performance with a net investment income per share of $0.49 in the third quarter of 2024, surpassing expectations. Despite a slight decrease in net asset value per share from $15.81 to $15.56, the company's portfolio remains strong with investments in 133 companies across various industries. MFIC has also managed to reduce non-accruals, indicating better credit quality. The article suggests that MFIC could be an attractive investment due to its high yield, the potential for capital appreciation as it trades at a discount, and its strategic positioning in the market, although it notes the need for investors to consider the risks associated with BDCs (Business Development Companies) like MFIC.

Read the Full Seeking Alpha Article at [ https://seekingalpha.com/article/4740527-midcap-financial-investment-corporation-trading-at-discount-with-10-8-percent-yield ]