MFIC — Insider Activity

The price reported in Column 4 is a weighted average price. These shares of common stock, par value $0.001 per share ("Common Stock") of MidCap Financial Investment Corporation (the "Issuer") were purchased in multiple transactions ranging from $12.39 to $12.558, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock purchased at each separate price in the range set forth in this footnote.

Ownership: By Spouse

The price reported in Column 4 is a weighted average price. These shares of common stock, par value $0.001 per share ("Common Stock") of MidCap Financial Investment Corporation (the "Issuer") were purchased in multiple transactions ranging from $12.395 to $12.40, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock purchased at each separate price in the range set forth in this footnote.

The price reported in Column 4 is a weighted average price. These shares of common stock, par value $0.001 per share ("Common Stock") of MidCap Financial Investment Corporation (the "Issuer") were purchased in multiple transactions ranging from $13.0899 to $13.0900, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock purchased at each separate price in the range set forth in this footnote.

This amended Form 4 filing is being made to correct the number of shares beneficially owned reported in Column 5. Prior Form 4 filings made by the Reporting Person inadvertently overstated the number of securities beneficially owned in Column 5 of such filings by 5,621 shares. Following a routine review and reconciliation of the Reporting Person's holdings which identified this error in his reporting, the Reporting Person has corrected the inadvertent overstatement in this amended Form 4 filing and removed 5,621 shares from the number of securities he beneficially owns.

The price reported in Column 4 is a weighted average price. These Class I Common Shares of Beneficial Interest ("Common Shares") of Midcap Financial Investment Corporation (the "Issuer") were purchased in multiple transactions ranging from $13.00 to $13.07, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares purchased at each separate price in the range set forth in this footnote.

Represents a disposition for tax withholding purposes in connection with the vesting of restricted stock units.

Acquired upon the completion of, and pursuant to the transactions contemplated by, the Agreement and Plan of Merger, dated as of November 7, 2023, by and among MidCap Financial Investment Corporation, a Maryland corporation ("MFIC"), Apollo Tactical Income Fund Inc., a Maryland corporation ("AIF"), AIF Merger Sub, Inc., a Maryland corporation, and Apollo Investment Management, L.P., a Delaware limited partnership (the "AIF Merger Agreement"). Pursuant to the AIF Merger Agreement, each share of AIF's common stock, par value $0.001 per share, was converted into the right to receive 0.9441 shares of MFIC's common stock, par value $0.001 per share (subject to adjustment for cash payable in lieu of fractional shares). The acquisition reported in this Form 4 is an exempt transaction.

Acquired upon the completion of, and pursuant to the transactions contemplated by, the Agreement and Plan of Merger, dated as of November 7, 2023, by and among MidCap Financial Investment Corporation, a Maryland corporation ("MFIC"), Apollo Senior Floating Rate Fund Inc., a Maryland corporation ("AFT"), AFT Merger Sub, Inc., a Maryland corporation, and Apollo Investment Management, L.P., a Delaware limited partnership (the "AFT Merger Agreement"). Pursuant to the AFT Merger Agreement, each share of AFT's common stock, par value $0.001 per share, was converted into the right to receive 0.9547 shares of MFIC's common stock, par value $0.001 per share (subject to adjustment for cash payable in lieu of fractional shares). The acquisition reported in this Form 4 is an exempt transaction.

Ownership: BY IRA

Acquired upon the completion of, and pursuant to the transactions contemplated by, the Agreement and Plan of Merger, dated as of November 7, 2023, by and among MFIC, Apollo Tactical Income Fund Inc., a Maryland corporation ("AIF"), AIF Merger Sub, Inc., a Maryland corporation, and Apollo Investment Management, L.P., a Delaware limited partnership (the "AIF Merger Agreement"). Pursuant to the AIF Merger Agreement, each share of AIF's common stock, par value $0.001 per share, was converted into the right to receive 0.9441 shares of MFIC's common stock, par value $0.001 per share (subject to adjustment for cash payable in lieu of fractional shares). The acquisition reported in this Form 4 is an exempt transaction.

Ownership: BY IRA

Acquired upon the completion of, and pursuant to the transactions contemplated by, the Agreement and Plan of Merger, dated as of November 7, 2023, by and among MidCap Financial Investment Corporation, a Maryland corporation ("MFIC"), Apollo Senior Floating Rate Fund Inc., a Maryland corporation ("AFT"), AFT Merger Sub, Inc., a Maryland corporation, and Apollo Investment Management, L.P., a Delaware limited partnership (the "AFT Merger Agreement"). Pursuant to the AFT Merger Agreement, each share of AFT's common stock, par value $0.001 per share, was converted into the right to receive 0.9547 shares of MFIC's common stock, par value $0.001 per share (subject to adjustment for cash payable in lieu of fractional shares). The acquisition reported in this Form 4 is an exempt transaction.

Represents a disposition for tax withholding purposes in connection with the vesting of restricted stock units.

Represents the amount of securities beneficially owned following the reported transaction and as of the date of this filing.

Represents a disposition for tax withholding purposes in connection with the vesting of restricted stock units.

Represents a disposition for tax withholding purposes in connection with the vesting of restricted stock units.

Represents a grant of restricted stock units ("RSUs"). Such RSUs vest in three equal annual installments commencing on February 10, 2024.

This Form 4 is deemed to update the amount of securities beneficially owned following the reported transaction previously reported on Table I in the Form 4 filed by the Reporting Person with the SEC on March 14, 2024.