Midcap Financial Investment收购2只封闭式基金

2024-06-21 23:50

Investment company MidCap Financial Investment (NASDAQ:MFIC) is set to acquire two closed-end funds, Apollo Senior Floating Rate Fund (AFT) and Apollo Tactical Income Fund (AIF).
AFT and AIF investors will receive MFIC shares with a net asset value equal to the NAV of the shares they hold.
The stockholders of both the funds approved the proposed mergers at the June 21 special shareholder meetings.
About 88% of the AFT shareholders present at the meeting (excluding votes abstained or withheld), or ~53% of AFT shares outstanding, voted in favor of the proposal.
Meanwhile, roughly 87% of the AIF shares represented at the meeting (excluding votes abstained or withheld), or ~53% of the AIF shares outstanding, voted in favor of the proposal.
MFIC stockholders had approved the mergers at a special meeting held on May 28.
The mergers expected to close in late July.
Source: Press Release

More on MidCap Financial Investment