MidCap Financial reports Q1 NAV decline of 2.5% to $13.82/share on portfolio losses

Filed May 6, 2026 · Period ending May 6, 2026 · ~2 min read

Key Changes

• high

  NAV per share fell 2.5% to $13.82 from $14.18 in Q4 2025, driven by portfolio losses from credit spread widening and weakness in certain positions, partially offset by accretive buybacks and net investment income.

  Exhibit 99.1 verify on EDGAR →
• high

  Company repurchased 7.1M shares at $10.73 average price during Q1 for $76M, generating $0.24/share NAV accretion. An additional 2.8M shares bought April 1-13 at $11.58, fully utilizing repurchase program capacity.

  Exhibit 99.1 verify on EDGAR →
• medium

  Net investment income of $0.38/share in Q1 2026, down slightly from $0.39 in Q4 2025. Board declared $0.31/share dividend payable June 25, 2026 to shareholders of record June 9, 2026.

  Exhibit 99.1 verify on EDGAR →