MFIC posts -$17.5M net loss on -$17.5M unrealized portfolio decline; cuts dividend 18%

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~2 min read

Key Changes

• high

  Net loss of $17.5M ($0.21/share) in Q2 2026 vs. $18.1M gain ($0.19/share) Q2 2025, driven by $49.8M unrealized loss concentrated in ChyronHego, Midwest Vision, New Era, and American Restoration.

  MD&A: Net unrealized losses verify on EDGAR →
• high

  Portfolio contracted sharply: new investments fell 84% to $47.2M in Q2 2026 (vs. $288.7M Q2 2025), net investment activity swung to -$160.2M outflow, and portfolio company count declined from 249 to 229.

  MD&A: Investment activity verify on EDGAR →
• high

  Weighted average portfolio yield compressed 110bp to 8.1% (from 9.2% June 2025), driven by lower base rates and repricing; total investment income fell 12% to $140.1M for the six months.

  MD&A: Weighted average yield verify on EDGAR →