MRCC Deep Dive: Continued Improvement

MRCC Update:

• MRCC's risk profile and dividend coverage are slowly improving but still, plenty of work is needed before upgrading to Tier 3.

• Its target prices have been increased slightly to take into lower non-accruals, upcoming lower PIK, NAV reflation, improved portfolio credit, and over-earning the dividend without the need for fee waivers.

• However, MRC…