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MRCCL - Monroe Capital: This 12% Yield Is Still Oversold
Monroe Capital Corporation 5.75% Notes due 2023
Co-produced with Treading Softly
Here at High Dividend Opportunities, we don't fear staying put when others run, especially if the fundamentals of a company are sound. A few months ago we highlighted a specific lender which had sold off.
Monroe Capital (MRCC) has traded relatively flat since our initial recommendation to re-enter this position. On a price basis, it has traded almost flat while the recent dividend payment added 3% to our returns to date.
Data by YCharts
Investors have a renewed opportunity to jump into this position while prices remain low. Before