MidCap Financial Investment Corporation (MFIC)

MidCap Financial Investment Corporation (MFIC) operates as an externally managed, non-diversified, closed-end investment fund, registered as a business development company (BDC) under the Investment Company Act of 1940. The firm specializes in providing private equity and debt capital to private middle-market companies, supporting initiatives such as leveraged buyouts, corporate acquisitions, recapitalizations, growth capital, and refinancing. MFIC offers a comprehensive range of financing instruments, including direct equity investments, preferred and common equity, warrants, and equity co-investments. Its debt solutions encompass mezzanine, first-lien secured, stretch senior, unitranche, second-lien secured, senior secured, unsecured, and subordinated loans. Beyond these core offerings, the fund also participates in Private Investments in Public Equity (PIPEs), acquires assets in the secondary market, and invests in structured products. While primarily focused on private ventures, MFIC may also allocate capital to thinly traded public company securities, cash equivalents, U.S. government debt, short-term high-quality debt, high-yield and distressed debt, and international investments, alongside collateralized loan obligations (CLOs) and credit-linked notes (CLNs). The company's investment focus is primarily within the United States, targeting a broad spectrum of industries. These include construction and building materials, diverse business services, manufacturing (plastics, rubber, chemicals, aerospace & defense), advertising, capital equipment, education, various technology sectors (cable television, telecommunications, high tech, automation), consumer goods and services (durable and non-durable products, retail, hospitality, food & beverage), energy (oil & gas, electricity, utilities), financial services, healthcare and pharmaceuticals, media (diversified, production, printing, publishing), wholesale, environmental services, and transportation (aviation, cargo,

MFIC is a business development company — a listed vehicle that lends to, and sometimes takes equity in, private middle-market businesses. It elects regulated-investment-company treatment, which requires it to distribute the large majority of its taxable income each year; that requirement, not a board's generosity, is what produces the high headline yield.

The payment is a distribution rather than interest, and it can include return of capital as well as net investment income and realised gains. Most of it is taxed as ordinary income rather than as qualified dividends. The loan book is valued by the manager, not by a market, so net asset value is an estimate. Read how BDCs work.

Figures on this page are computed by Income Investing from the payment history and last price stored in our own database; the payment records come from fmp and the price from fmp, last recomputed Aug 25, 2026. They describe what has been paid, not what will be paid. Yield, payout ratio, our data sources and our methodology are explained elsewhere on the site.

The table lists the 24 most recent recorded dividends for MFIC, newest first, with ex-dates running from Mar 18, 2021 to Sep 08, 2026. The latest is $0.3100 per share in USD, ex-date Sep 08, 2026, pay date Sep 24, 2026. Measured against the nearest payment about a year earlier, 5 are higher, 7 lower and 12 unchanged; the remaining 0 have no comparable payment in the record. None is flagged as a special or one-off payment. Payment records supplied by fmp.

The chart covers 10 complete calendar years for MFIC, 2016 to 2025, per share, in USD. Each bar totals the regular dividends with an ex-dividend date in that calendar year. The year is assigned by ex-dividend date, which is not necessarily the issuer's own dividend year. Our stored payment history for MFIC begins in 2004. The total went from $0.7000 in 2016 to $1.52 in 2025 — 117% higher. Within that span 4 years were higher than the year before and 6 lower. The three most recent years shown are 2023 $1.52, 2024 $1.72 and 2025 $1.52. The current year is still in progress and is left out, and special or one-off payments are excluded. This is a record of what was paid, not a projection. 1 of the years shown does not hold the 4 dividends the recorded cadence implies: 2024 (5 payments). Those years are marked on the chart and named in the table. A year with one more or one fewer payment than the cadence implies is usually a payment whose ex-dividend date moved across a year end rather than a change in the payment itself: the payment lands in the neighbouring calendar year, so one year reads high and the next reads low while the rate never moved. The change-on-the-year-before column carries the same distortion, because it compares two totals rather than two payment rates. These totals are arithmetically right for what they measure — regular dividends bucketed by ex-dividend date — but they are not the annual dividend the issuer reports for that year, and where the two disagree the issuer's own published dividend history is the authority.