MFICL offers a high yield of 8% with decent credit quality, making it an attractive low-duration investment option for yield-hunting investors. MFIC's financial strength is Baa3 equivalent, with strong asset coverage and senior secured loans, but its debt structure is less favorable. The bond is trading above par with a yield to call of 7.5% and a maturity yield of 8.06%.
NEW YORK, Jan. 07, 2025 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) (the “Company”) announced today that it will report results for the quarter and fiscal year ended December 31, 2024, after the closing of the Nasdaq Global Select Market on Tuesday, February 25, 2025.
Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not...
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