MidCap Financial Investment Corporation filed a Rule 425 disclosure on October 30, 2026, announcing the cancellation of its previously scheduled third quarter 2026 earnings conference call due to a definitive merger agreement with Ares Capital Corporation.

Key Highlights

  • Call cancelled: The third quarter 2026 earnings conference call and webcast, previously scheduled for November 5, 2026, at 8:30 a.m. Eastern Time, will not be held, according to the filing.
  • Merger agreement: MidCap Financial Investment Corporation entered into a definitive merger agreement with Ares Capital Corporation (NASDAQ:ARCC), under which ARCC will acquire the company.
  • Results still coming: The company disclosed it will still issue its results for the quarter ended September 30, 2026, prior to the opening of the Nasdaq Global Select Market on November 5, 2026, as originally scheduled.
  • Acquirer size: According to the filing, ARCC was the largest publicly traded BDC by market capitalization as of September 30, 2026.
  • Manager: MFIC is externally managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, Inc., while ARCC is externally managed by a subsidiary of Ares Management Corporation (NYSE:ARES).

MidCap Financial Drops Q3 Conference Call Following ARCC Acquisition Agreement

MidCap Financial Investment Corporation (NASDAQ:MFIC) disclosed on October 30, 2026, via a filing made pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934, that it will not hold its third quarter 2026 earnings conference call. The company cited its entry into a definitive merger agreement with Ares Capital Corporation (NASDAQ:ARCC) as the reason for the cancellation. Under the terms of that agreement, ARCC will acquire the company in a transaction referred to in the filing as "the Transaction."

Despite the call cancellation, the company stated it will proceed with issuing its financial results for the quarter ended September 30, 2026, on November 5, 2026, prior to the opening of the Nasdaq Global Select Market, in line with its original schedule. No financial figures related to quarterly results were included in this filing.

MFIC is described in the filing as a closed-end, externally managed, diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, and as a regulated investment company under Subchapter M of the Internal Revenue Code. The company primarily invests in directly originated and privately negotiated first lien senior secured loans to privately held U.S. middle-market companies, which it generally defines as companies with less than $75 million in EBITDA. The filing contains forward-looking statements regarding the Transaction, which the company notes are subject to risks and uncertainties, including the ability of the parties to consummate the Transaction on the expected timeline, required regulatory approvals, and stockholder approval of the Transaction and related proposals.

What Was Disclosed

MidCap Financial Investment Corporation announced via a Rule 425 filing that it is cancelling its Q3 2026 earnings call following a definitive merger agreement with ARCC, while confirming that quarterly financial results will still be released on November 5, 2026.