Monroe Capital achieved fourth-quarter net investment income of $2.2 million ($0.10 per share) and adjusted net investment income of $2.3 million ($0.11 per share), while NAV stood at $166.5 million or $7.68 per share. The board declared a $0.09 per share distribution payable March 31, and full-year results included NII of $11.4 million ($0.53 per share) and adjusted NII of $11.6 million ($0.54 per share).

The company anticipates closing its NAV-for-NAV merger with Horizon Technology Finance near the end of Q1 or early Q2 2026, aiming to deliver scale-driven value, operating synergies, and enhanced debt funding access. Management expects the combined entity to benefit from lower borrowing costs, meaningful operating leverage and higher dividend potential.

As of December 31, 2025, investments at fair value declined to $334.9 million from $360.7 million, with portfolio companies rising to 87 and non-accruals at 4.0%. Weighted average contractual yield eased to 9.4% and effective yield to 8.4%; total leverage decreased from 1.23 to 1.15 times with $0.14 per share in undistributed spillover income slated for distribution at merger closing.