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MRCC Quick Update: March 2022

MRCC Quick Update: March 2022

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BDC Buzz
Mar 03, 2022
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MRCC Quick Update: March 2022
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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…

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