Monroe Capital Corporation Declares Distribution for Fourth Quarter of 2024
Chicago, Dec. 06, 2024 (GLOBE NEWSWIRE) – Monroe Capital Corporation (NASDAQ: MRCC) announced today that its Board of Directors has declared a distribution of $0.25 per share for the fourth quarter of 2024.
Dividend Reinvestment Plan
In October 2012, the Company adopted a dividend reinvestment plan that provides for reinvestment of distributions on behalf of its stockholders, unless a stockholder elects to receive cash prior to the record date. When the Company declares a cash distribution, stockholders who have not opted out of the dividend reinvestment plan prior to the record date will have their distribution automatically reinvested in additional shares of the Company’s capital stock.
Tax Considerations
The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.
How This Announcement Will Affect Me
As a stockholder of Monroe Capital Corporation, the distribution declared for the fourth quarter of 2024 will have a direct impact on my investment portfolio. Depending on whether I choose to reinvest the distribution or receive cash, my financial circumstances may be affected in the short term. It is important for me to consider the tax implications of this distribution and make an informed decision regarding dividend reinvestment.
How This Announcement Will Affect the World
The declaration of a distribution by Monroe Capital Corporation reflects the company’s financial performance and commitment to delivering value to its shareholders. As a publicly traded company, Monroe Capital’s actions in the market can influence investor sentiment and contribute to overall market dynamics. This announcement may also be indicative of broader economic trends and the health of the financial sector.
Conclusion
In conclusion, the declaration of a distribution by Monroe Capital Corporation for the fourth quarter of 2024 is a significant event for the company and its shareholders. The dividend reinvestment plan and tax considerations associated with this distribution offer important choices for investors to consider. The impact of this announcement extends beyond individual stockholders to the wider financial market, highlighting the interconnected nature of investment decisions and market trends.
