MRCC Quick Update: March 2022

MRCC Update Summary

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

• As predicted, there was a meaningful decline in dividend coverage. The dividend remains reliant on fee waivers and higher leverage as well as 18% PIK interest income.

• There was another $0.60 per sh…