• Ares Capital agreed to acquire MidCap Financial Investment in a stock-and-cash transaction valued at approximately $2.6 billion, including debt.
• MFIC stockholders are expected to receive approximately $1.21 per share in cash and $9.67 per share in Ares common stock.
• Total consideration of $10.88 per share represents a 30.1% premium to MFIC's October 26, 2026, closing price.
• A special dividend distributing MFIC's remaining undistributed taxable income before closing will reduce the stock consideration dollar-for-dollar.
• The transaction is expected to close in the first half of 2027, with modest accretion to core earnings per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ares Capital Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202610270600BIZWIRE_USPR_____20261026_BW200792) on October 27, 2026, and is solely responsible for the information contained therein.