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Sep 30, 2020
MidCap Financial Q2 2021 Earnings Report
Announced financial results, reporting net investment income of $0.43 per share and net asset value of $15.44 per share.
Key Takeaways
Apollo Investment Corporation reported financial results for the quarter ended September 30, 2020. The company's net investment income per share was $0.43, and the net asset value per share was $15.44. The company made significant progress deleveraging to within its target range of 1.40x to 1.60x.
Net investment income per share for the quarter was $0.43.
Net asset value per share as of the end of the quarter was $15.44, an increase of 1.0%.
New investment commitments made during the quarter totaled $18 million.
Net leverage as of the end of the quarter was 1.56x, down from 1.66x as of June 30, 2020.
Forward Guidance
The company expects meaningful additional repayments for the remainder December quarter and shifts focus to making new commitments.
Positive Outlook
- Significant progress deleveraging to within target range.
- Strong repayment activity.
- Net gain on the portfolio.
- Retained earnings.
- Visibility into meaningful additional repayments for the remainder December quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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