Monroe Capital: Rising Non-Accruals Threaten Current Dividend
MRCCMonroe Capital(MRCC) seekingalpha.com·2024-05-21 18:33
Richard Drury Overview Monroe Capital (NASDAQ:MRCC) is a much smaller business development company in scale with a market cap of only $160M. This BDC is focused on lower middle market companies based within the United States and Canada. They bring in their revenues by providing financing to these lower middle market companies through the use of senior secured, unitranche, and junior secured debt. Although smaller in size, its history dates back to an inception in 2012. We can see how the price has moved ...