2024-05-05 04:40:54 ET
Summary
- MidCap Financial Investment Corporation is a business development company that invests in senior secured debt loans to middle market companies.
- MFIC is involved in a proposed merger with Apollo Senior Floating Rate Fund and Apollo Tactical Income Fund, both managed by affiliates of Apollo Global Management.
- The merger will result in a combined company that will continue MFIC's core investment strategy and improve scale and access to capital.
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MidCap Financial Investment Corporation: Buy This 10% Yielder Before The Merger