Monroe Capital Corp (MRCC) SEC Filing 10-Q Quarterly Report for the period ending Saturday, September 30, 2023

Exhibit 99.1

Monroe Capital Corporation BDC Announces Third Quarter 2023 Results

CHICAGO, IL, November 8, 2023

Except where the context suggests otherwise, the terms “Monroe,” “we,” “us,” “our,” and “Company” refer to Monroe Capital Corporation.

Third Quarter 2023 Financial Highlights

Chief Executive Officer Theodore L. Koenig commented, “We are pleased to report that for the 14^th consecutive quarter, our Adjusted Net Investment Income once again covered our dividend. We continue to believe that the current market environment offers compelling tailwinds and opportunities for direct lenders. As we look ahead into the end of 2023 and beginning of 2024, we will continue to focus on portfolio credit quality while maximizing Adjusted Net Investment Income and generating strong risk-adjusted returns for our shareholders.”

Monroe Capital Corporation is a business development company affiliate of the award-winning private credit investment firm and lender, Monroe Capital LLC.

Management Commentary

Adjusted Net Investment Income totaled $5.5 million or $0.25 per share for the quarter ended September 30, 2023. This compares with $6.1 million or $0.28 per share for the quarter ended June 30, 2023. While the average portfolio yield increased during the quarter ended September 30, 2023 as a result of the rising rate environment, this increase in average portfolio yield was offset by a one-time reversal of previously accrued fee income associated with a certain investment during the quarter. See Non-GAAP Financial Measure – Adjusted Net Investment Income discussion below.

⁽¹⁾ Based on an annualized dividend and closing share price as of November 7, 2023.