MidCap Financial Investment Corporation (NASDAQ:MFIC) Q2 2024 Earnings Call Transcript

Howard Widra: That’s a really good question. I mean, obviously, our portfolio rotation, once the merger closes, we have a certain time frame. And if we could start that earlier by levering up our BDC, that it would accelerate that. However, we don’t know if things are going to close. And so we’re going to operate in the normal quarters. I think the opportunity set, we expect to be broadly similar today versus 6 months from now. As we said, things compressed for 2 months ago, but they widened for 2 months before that. So the answer is, we expect to operate within our range at all times except the day after the merger closes, when we will be pushed down well below that range. And so there is some room in that range to lever up a little bit, but we are focused putting aside, obviously, the legal requirement to operate in the ordinary course, but we also need to operate in the ordinary course because nothing is guaranteed in the future.

Operator: At this time, we have no further questions in the queue. So I’d like to turn the floor back over to management for closing remarks.

Tanner Powell: Thank you, operator. Thank you, everyone, for listening to today’s call. On behalf of the entire team, we thank you for your time today. Please feel free to reach out to us if you have any other questions. Have a good day.

Operator: Thank you, everyone. This concludes today’s MidCap Financial Investment Corporation Call. You may disconnect your line at any time.