# EDGAR Filing Document

**Accession Number:** 0001742313
**File Stem:** 0001742313-26-000026
**Filing Date:** 2026-5
**Character Count:** 870617
**Document Hash:** cc570d3ac81646079532a9eecad79cd4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001742313-26-000026.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0001742313-26-000026

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 98

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260508

**DATE AS OF CHANGE**: 20260508

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Monroe Capital Income Plus Corp
- **CENTRAL INDEX KEY:** 0001742313

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 814-01301
- **FILM NUMBER:** 26957514

**BUSINESS ADDRESS:**
- **STREET 1:** 155 NORTH WACKER DRIVE
- **STREET 2:** FLOOR 35
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** (312) 258-8300

**MAIL ADDRESS:**
- **STREET 1:** 155 NORTH WACKER DRIVE
- **STREET 2:** FLOOR 35
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

?xml version='1.0' encoding='ASCII'? mcip-20260331

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-Q**

**(Mark One)**

⌧ **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the quarterly period ended March 31, 2026**

**or**

□ **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**Commission file number: 814-01301**

**MONROE CAPITAL INCOME PLUS CORPORATION**

**(Exact Name of Registrant as Specified in its Charter)**

---

| | |
|:---|:---|
| **Maryland** | **83-0711022** |
| **(State or Other Jurisdiction of**<br>**Incorporation or Organization)** | **(I.R.S. Employer**<br>**Identification No.)** |
| **155 North Wacker Drive, 35th Floor**<br>**Chicago, Illinois** | **60606** |
| **(Address of Principal Executive Office)** | **(Zip Code)** |

---

**(312) 258-8300**

**(Registrant's Telephone Number, Including Area Code)**

**Not Applicable** 

(Former Name, former address and former fiscal year, if changed since last report)

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading Symbol(s)** | **Name of Each Exchange on Which Registered** |
| **None** | **N/A** | **N/A** |

---

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and, (2) has been subject to such filing requirements for the past 90 days. Yes ⌧ No □

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ⌧ No □

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | □ | Accelerated filer | □ |
| Non-accelerated filer | ⌧ | Smaller reporting company | □ |
| | | Emerging growth company | ⌧ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes □ No ⌧

As of May 7, 2026, the registrant had 287,511,012 shares of common stock, $0.001 par value, outstanding.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| | | **Page** |
| <u>[PART I. FINANCIAL INFORMATION](#i7c7076d3b91a4779afa81d3bcda16a8b_226)</u> | <u>[PART I. FINANCIAL INFORMATION](#i7c7076d3b91a4779afa81d3bcda16a8b_226)</u> |  |
| <u>[Item 1.](#i7c7076d3b91a4779afa81d3bcda16a8b_136)</u> | <u>[Consolidated Financial Statements](#i7c7076d3b91a4779afa81d3bcda16a8b_136)</u> | [3](#i7c7076d3b91a4779afa81d3bcda16a8b_136) |
|  | <u>[Consolidated Statements of Assets and Liabilities as of](#i7c7076d3b91a4779afa81d3bcda16a8b_139)March 31, 2026[(unaudited) and](#i7c7076d3b91a4779afa81d3bcda16a8b_139)December 31, 2025</u> | [3](#i7c7076d3b91a4779afa81d3bcda16a8b_139) |
|  | <u>[Consolidated Statements of Operations for the](#i7c7076d3b91a4779afa81d3bcda16a8b_142)three[months ended](#i7c7076d3b91a4779afa81d3bcda16a8b_142)March 31, 2026[and](#i7c7076d3b91a4779afa81d3bcda16a8b_142)2025[(unaudited)](#i7c7076d3b91a4779afa81d3bcda16a8b_142)</u> | [4](#i7c7076d3b91a4779afa81d3bcda16a8b_142) |
|  | <u>[Consolidated Statements of Changes in Net Assets for the](#i7c7076d3b91a4779afa81d3bcda16a8b_148)three[months ended](#i7c7076d3b91a4779afa81d3bcda16a8b_148)March 31, 2026[and](#i7c7076d3b91a4779afa81d3bcda16a8b_148)2025[(unaudited)](#i7c7076d3b91a4779afa81d3bcda16a8b_148)</u> | [5](#i7c7076d3b91a4779afa81d3bcda16a8b_148) |
|  | <u>[Consolidated Statements of Cash Flows for the](#i7c7076d3b91a4779afa81d3bcda16a8b_151)three[months ended](#i7c7076d3b91a4779afa81d3bcda16a8b_151)March 31, 2026[and](#i7c7076d3b91a4779afa81d3bcda16a8b_151)2025[(unaudited)](#i7c7076d3b91a4779afa81d3bcda16a8b_151)</u> | [6](#i7c7076d3b91a4779afa81d3bcda16a8b_151) |
|  | <u>[Consolidated Schedules of Investments as of](#i7c7076d3b91a4779afa81d3bcda16a8b_154)March 31, 2026[(unaudited) and](#i7c7076d3b91a4779afa81d3bcda16a8b_154)December 31, 2025</u> | [8](#i7c7076d3b91a4779afa81d3bcda16a8b_154) |
|  | <u>[Notes to Consolidated Financial Statements (unaudited)](#i7c7076d3b91a4779afa81d3bcda16a8b_166)</u> | [72](#i7c7076d3b91a4779afa81d3bcda16a8b_166) |
| <u>[Item 2.](#i7c7076d3b91a4779afa81d3bcda16a8b_49)</u> | <u>[Management's Discussion and Analysis of Financial Condition and Results of Operations](#i7c7076d3b91a4779afa81d3bcda16a8b_49)</u> | [139](#i7c7076d3b91a4779afa81d3bcda16a8b_49) |
| <u>[Item 3.](#i7c7076d3b91a4779afa81d3bcda16a8b_82)</u> | <u>[Quantitative and Qualitative Disclosures About Market Risk](#i7c7076d3b91a4779afa81d3bcda16a8b_82)</u> | [179](#i7c7076d3b91a4779afa81d3bcda16a8b_82) |
| <u>[Item 4.](#i7c7076d3b91a4779afa81d3bcda16a8b_91)</u> | <u>[Controls and Procedures](#i7c7076d3b91a4779afa81d3bcda16a8b_91)</u> | [181](#i7c7076d3b91a4779afa81d3bcda16a8b_91) |
| <u>[PART II. OTHER INFORMATION](#i7c7076d3b91a4779afa81d3bcda16a8b_229)</u> | <u>[PART II. OTHER INFORMATION](#i7c7076d3b91a4779afa81d3bcda16a8b_229)</u> | [182](#i7c7076d3b91a4779afa81d3bcda16a8b_229) |
| <u>[Item 1.](#i7c7076d3b91a4779afa81d3bcda16a8b_34)</u> | <u>[Legal Proceedings](#i7c7076d3b91a4779afa81d3bcda16a8b_34)</u> | [182](#i7c7076d3b91a4779afa81d3bcda16a8b_34) |
| <u>[Item 1A.](#i7c7076d3b91a4779afa81d3bcda16a8b_232)</u> | <u>[Risk Factors](#i7c7076d3b91a4779afa81d3bcda16a8b_232)</u> | [182](#i7c7076d3b91a4779afa81d3bcda16a8b_232) |
| <u>[Item 2.](#i7c7076d3b91a4779afa81d3bcda16a8b_235)</u> | <u>[Unregistered Sales of Equity Securities and Use of Proceeds](#i7c7076d3b91a4779afa81d3bcda16a8b_235)</u> | [182](#i7c7076d3b91a4779afa81d3bcda16a8b_235) |
| <u>[Item 3.](#i7c7076d3b91a4779afa81d3bcda16a8b_238)</u> | <u>[Defaults Upon Senior Securities](#i7c7076d3b91a4779afa81d3bcda16a8b_238)</u> | [183](#i7c7076d3b91a4779afa81d3bcda16a8b_238) |
| <u>[Item 4.](#i7c7076d3b91a4779afa81d3bcda16a8b_37)</u> | <u>[Mine Safety Disclosures](#i7c7076d3b91a4779afa81d3bcda16a8b_37)</u> | [183](#i7c7076d3b91a4779afa81d3bcda16a8b_37) |
| <u>[Item 5.](#i7c7076d3b91a4779afa81d3bcda16a8b_94)</u> | <u>[Other Information](#i7c7076d3b91a4779afa81d3bcda16a8b_94)</u> | [183](#i7c7076d3b91a4779afa81d3bcda16a8b_94) |
| <u>[Item 6.](#i7c7076d3b91a4779afa81d3bcda16a8b_256)</u> | <u>[Exhibits](#i7c7076d3b91a4779afa81d3bcda16a8b_256)</u> | [184](#i7c7076d3b91a4779afa81d3bcda16a8b_256) |
| <u>[Signatures](#i7c7076d3b91a4779afa81d3bcda16a8b_253)</u> | <u>[Signatures](#i7c7076d3b91a4779afa81d3bcda16a8b_253)</u> | [185](#i7c7076d3b91a4779afa81d3bcda16a8b_253) |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**PART I. FINANCIAL INFORMATION**

 **ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS**

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES**

**(in thousands, except per share data)**

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| | **(unaudited)** | |
| **Assets** | | |
| Investments, at fair value: |  |  |
| &nbsp;&nbsp;Non-controlled/non-affiliate company investments | $5478700 | $5511585 |
| &nbsp;&nbsp;Non-controlled affiliate company investments | 325857 | 308170 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investments, at fair value (amortized cost of: $5,916,273 and $5,913,363, respectively) | 5804557 | 5819755 |
| Cash and cash equivalents | 50066 | 69216 |
| Restricted cash and cash equivalents | 204593 | 147031 |
| Interest and dividend receivable | 62645 | 65242 |
| Receivable for unsettled trades | 37865 | 27213 |
| Other assets | 1465 | 1831 |
| &nbsp;&nbsp;**Total assets** | 6161191 | 6130288 |
| **Liabilities** |  |  |
| Debt | 3296435 | 3224163 |
| &nbsp;&nbsp;Less: Unamortized debt issuance costs | (35944) | (30656) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total debt, less unamortized debt issuance costs | 3260491 | 3193507 |
| Interest payable | 51479 | 35001 |
| Net unrealized loss on foreign currency forward contracts | 3348 | 3172 |
| Payable for unsettled trades | 11307 | 12492 |
| Base management fees payable | 15154 | 18480 |
| Incentive fees payable | 9613 | 9187 |
| Accounts payable and accrued expenses | 26396 | 27870 |
| Directors' fees payable | 37 |  |
| &nbsp;&nbsp;**Total liabilities** | 3377825 | 3299709 |
| **Commitments and contingencies (See Note 11)** |  |  |
| **Net Assets** |  |  |
| Common stock, $0.001 par value, 600,000 shares authorized, 284,582 and 286,677 shares issued and outstanding, respectively | $285 | $287 |
| Capital in excess of par value | 2899957 | 2920900 |
| Accumulated undistributed (overdistributed) earnings | (116876) | (90608) |
| &nbsp;&nbsp;**Total net assets** | $2783366 | $2830579 |
| &nbsp;&nbsp;**Total liabilities and total net assets** | $6161191 | $6130288 |
| **Net asset value per share** | $9.78 | $9.87 |

---

See Notes to Consolidated Financial Statements.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED STATEMENTS OF OPERATIONS**

**(unaudited)**

**(in thousands, except per share data)**

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| **Investment income:** |  |  |
| &nbsp;&nbsp;Non-controlled/non-affiliate company investments: |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | $136890 | $107561 |
| &nbsp;&nbsp;&nbsp;Payment-in-kind interest income | 3397 | 2628 |
| &nbsp;&nbsp;&nbsp;Dividend income | 923 | 481 |
| &nbsp;&nbsp;&nbsp;Other income | 2576 | 455 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investment income from non-controlled/non-affiliate company investments | 143786 | 111125 |
| &nbsp;&nbsp;Non-controlled affiliate company investments: |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | 1652 | 1788 |
| &nbsp;&nbsp;&nbsp;Payment-in-kind interest income | 1171 | 517 |
| &nbsp;&nbsp;&nbsp;Dividend income | 2988 |  |
| &nbsp;&nbsp;&nbsp;Other income |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investment income from non-controlled affiliate company investments | 5811 | 2305 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total investment income** | 149597 | 113430 |
| **Operating expenses:** |  |  |
| &nbsp;&nbsp;Interest and other debt financing expenses | 52997 | 39593 |
| &nbsp;&nbsp;Base management fees | 18942 | 14076 |
| &nbsp;&nbsp;Incentive fees | 9613 | 6286 |
| &nbsp;&nbsp;Professional fees | 1363 | 729 |
| &nbsp;&nbsp;Administrative service fees | 1548 | 962 |
| &nbsp;&nbsp;General and administrative expenses | 1565 | 949 |
| &nbsp;&nbsp;Directors' fees | 38 | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses before fee waivers | 86066 | 62633 |
| &nbsp;&nbsp;&nbsp;&nbsp;Base management fee waivers | (3788) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total operating expenses, net of fee waivers** | 82278 | 62633 |
| &nbsp;&nbsp;**Net investment income before income taxes** | 67319 | 50797 |
| &nbsp;&nbsp;Income taxes, including excise taxes | 27 | 375 |
| &nbsp;&nbsp;**Net investment income** | 67292 | 50422 |
| **Net gain (loss):** |  |  |
| &nbsp;&nbsp;Net realized gain (loss): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-controlled/non-affiliate company investments | (11734) | 118 |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign currency forward contracts | (87) | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign currency and other transactions | 76 | (46) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) | (11745) | 126 |
| &nbsp;&nbsp;Net change in unrealized gain (loss): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-controlled/non-affiliate company investments | (7771) | (2821) |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-controlled/affiliate company investments | (10337) | (223) |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign currency forward contracts | (176) | (747) |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign currency and other transactions | 585 | (2757) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in unrealized gain (loss) | (17699) | (6548) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net gain (loss)** | (29444) | (6422) |
| **Net increase (decrease) in net assets resulting from operations** | $37848 | $44000 |
| **Per common share data:** |  |  |
| Net investment income per share - basic and diluted | $0.23 | $0.25 |
| Net increase (decrease) in net assets resulting from operations per share - basic and diluted | $0.13 | $0.22 |
| Weighted average common shares outstanding - basic and diluted | 289558 | 203120 |

---

See Notes to Consolidated Financial Statements.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS**

**(unaudited)**

**(in thousands)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Common Stock** | **Common Stock** | **Capital in excess of<br>par value** | **Accumulated<br>undistributed<br>(overdistributed)<br>earnings** | **Total<br>net assets** |
| | **Number of shares** | **Par<br>value** | **Capital in excess of<br>par value** | **Accumulated<br>undistributed<br>(overdistributed)<br>earnings** | **Total<br>net assets** |
| **Balances at December 31, 2024** | 198704 | $199 | $2018583 | $40945 | $2059727 |
| Net investment income |  |  |  | 50422 | 50422 |
| Net realized gain (loss) |  |  |  | 126 | 126 |
| Net change in unrealized gain (loss) |  |  |  | (6548) | (6548) |
| Issuances of common stock | 36341 | 36 | 376818 |  | 376854 |
| Repurchases of common stock | (775) | (1) | (8036) |  | (8037) |
| Distributions declared to stockholders |  |  |  | (53650) | (53650) |
| Stock issued in connection with dividend reinvestment plan | 2293 | 2 | 23775 |  | 23777 |
| **Balances at March 31, 2025** | 236563 | $236 | $2411140 | $31295 | $2442671 |
| **Balances at December 31, 2025** | 286677 | $287 | $2920900 | $(90608) | $2830579 |
| Net investment income |  |  |  | 67292 | 67292 |
| Net realized gain (loss) |  |  |  | (11745) | (11745) |
| Net change in unrealized gain (loss) |  |  |  | (17699) | (17699) |
| Issuances of common stock | 10164 | 10 | 100110 |  | 100120 |
| Repurchases of common stock | (15199) | (15) | (150001) |  | (150016) |
| Distributions declared to stockholders |  |  |  | (64116) | (64116) |
| Stock issued in connection with dividend reinvestment plan | 2940 | 3 | 28948 |  | 28951 |
| **Balances at March 31, 2026** | 284582 | $285 | $2899957 | $(116876) | $2783366 |

---

See Notes to Consolidated Financial Statements.

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(unaudited)**

**(in thousands)**

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| **Cash flows from operating activities:** |  |  |
| Net increase (decrease) in net assets resulting from operations | $37848 | $44000 |
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized (gain) loss on investments | 11734 | (118) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized (gain) loss on foreign currency forward contracts | 87 | (54) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized (gain) loss on foreign currency and other transactions | (76) | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in unrealized (gain) loss on investments | 18108 | 3044 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in unrealized (gain) loss on foreign currency forward contracts | 176 | 747 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in unrealized (gain) loss on foreign currency and other transactions | (585) | 2757 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payment-in-kind interest capitalized | (5064) | (3145) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net accretion of discounts and amortization of premiums | (4558) | (4126) |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of investments | (381887) | (718672) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from principal payments and sale of investments and settlement of forward contracts | 376854 | 211371 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of debt issuance costs | 2438 | 2853 |
| &nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and dividend receivable | 2597 | (7185) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable for unsettled trades | (10652) | (1424) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets | 366 | (765) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest payable | 16478 | 9912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable for unsettled trades | (1185) | 33470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base management fees payable | (3326) | 1315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incentive fees payable | 426 | (1955) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | (1474) | 1322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Directors' fees payable | 37 | 38 |
| &nbsp;&nbsp;&nbsp;**Net cash provided by (used in) operating activities** | 58342 | (426569) |
| **Cash flows from financing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings on debt | 745991 | 781795 |
| &nbsp;&nbsp;&nbsp;&nbsp;Repayments of debt | (673113) | (687010) |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt issuance costs capitalized | (7726) | (3531) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from issuance of common stock | 100120 | 376854 |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchases of common stock | (150016) | (8037) |
| &nbsp;&nbsp;&nbsp;&nbsp;Stockholder distributions paid | (35165) | (29873) |
| &nbsp;&nbsp;&nbsp;**Net cash provided by (used in) financing activities** | (19909) | 430198 |
| **Net increase (decrease) in cash and restricted cash and cash equivalents** | 38433 | 3629 |
| &nbsp;&nbsp;&nbsp;&nbsp;Effect of foreign currency exchange rates | (21) | 1 |
| **Cash and restricted cash and cash equivalents, beginning of period** | 216247 | 254024 |
| **Cash and restricted cash and cash equivalents, end of period** | $254659 | $257654 |
| **Supplemental disclosure of cash flow information:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash interest paid during the period | $34081 | $26828 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash paid for income taxes, including excise taxes, during the period | $244 | $1100 |
| **Supplemental disclosure of non-cash activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock issued in connection with dividend reinvestment plan | $28951 | $23777 |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED STATEMENTS OF CASH FLOWS - (continued)**

**(unaudited)**

**(in thousands)**

The following tables provide a reconciliation of cash and restricted cash and cash equivalents reported on the Consolidated Statements of Assets and Liabilities that sum to the total of the same such amounts on the Consolidated Statements of Cash Flows:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Cash and cash equivalents | $50066 | $69216 |
| Restricted cash and cash equivalents | 204593 | 147031 |
| Total cash and restricted cash and cash equivalents shown on the Consolidated Statements of Cash Flows | $254659 | $216247 |

---

---

| | | |
|:---|:---|:---|
| | **March 31, 2025** | **December 31, 2024** |
| Cash and cash equivalents | $125543 | $129634 |
| Restricted cash and cash equivalents | 132111 | 124390 |
| Total cash and restricted cash and cash equivalents shown on the Consolidated Statements of Cash Flows | $257654 | $254024 |

---

See Notes to Consolidated Financial Statements.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| **Non-Controlled/Non-Affiliate Company Investments** | | | | | | | | | | |
| &nbsp;&nbsp;**Senior Secured Loans** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Transport Components Acquisition, LLC | (8) | SF | 4.50% | 8.16% | 6/18/2025 | 6/18/2031 | 6983 | $6905 | $6983 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Transport Components Acquisition, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.16% | 6/18/2025 | 6/18/2031 | 5600 | 1400 | 1400 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Transport Components Acquisition, LLC (Revolver) | (19) | SF | 4.50% | 8.16% | 6/18/2025 | 6/18/2031 | 2100 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engineering Research and Consulting, LLC | (34) | SF | 5.00% | 8.70% | 8/14/2025 | 8/29/2031 | 4947 | 4861 | 3925 | 0.1% |
|  |  |  |  |  |  |  | 19630 | 13166 | 12308 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Automotive** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Auto Auction Group, LLC |  | SF | 4.50% | 8.20% | 10/3/2025 | 5/28/2032 | 4962 | 5010 | 4939 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excel Testing and Engineering Holdings LLC | (8) | SF | 4.50% | 8.20% | 12/22/2025 | 12/22/2031 | 3000 | 2972 | 3000 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excel Testing and Engineering Holdings LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.17% | 12/22/2025 | 12/22/2031 | 5000 | 1200 | 1200 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excel Testing and Engineering Holdings LLC (Revolver) | (19) | SF | 4.50% | 8.20% | 12/22/2025 | 12/22/2031 | 1000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Brands Group, LLC | (21) | SF | 10.00% | 13.67% PIK | 10/2/2025 | 6/29/2026 | 13935 | 11508 | 3626 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lifted Trucks Holdings, LLC | (7)(8) | SF | 5.35% | 9.02% | 8/2/2021 | 11/1/2028 | 9575 | 9524 | 9575 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lifted Trucks Holdings, LLC | (8) | SF | 5.35% | 9.02% | 8/11/2025 | 11/1/2028 | 11877 | 11732 | 11889 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lifted Trucks Holdings, LLC (Revolver) | (19) | SF | 5.35% | 9.02% | 8/2/2021 | 11/1/2028 | 3175 | 1508 | 1508 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Panda Acquisition, LLC |  | SF | 8.60% | 12.30% PIK | 12/20/2022 | 10/18/2030 | 11773 | 10880 | 9948 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Power Stop, LLC | (11) | SF | 4.85% | 8.55% | 3/26/2024 | 1/26/2029 | 5431 | 5149 | 4523 | 0.2% |
|  |  |  |  |  |  |  | 69728 | 59483 | 50208 | 1.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Banking** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Receivables II, LLC | (12)(21) | SF | 9.75% | 13.42% | 7/29/2021 | 7/29/2026 | 10125 | 9672 | 4452 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StarCompliance MidCo, LLC | (9)(27) | SF | 5.85% | 9.55% | 5/31/2023 | 1/12/2027 | 441 | 438 | 441 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StarCompliance MidCo, LLC | (7)(9)(27)(44) | SF | 5.85% | 9.55% | 1/12/2021 | 1/12/2027 | 27375 | 27287 | 27375 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StarCompliance MidCo, LLC | (7)(44) | SF | 5.85% | 9.55% | 10/12/2021 | 1/12/2027 | 4253 | 4240 | 4253 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StarCompliance MidCo, LLC | (44) | SF | 5.85% | 9.55% | 12/12/2024 | 1/12/2027 | 2509 | 2491 | 2509 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StarCompliance MidCo, LLC (Revolver) | (19) | SF | 5.85% | 9.55% | 1/12/2021 | 1/12/2027 | 4234 | 1651 | 1651 | 0.1% |
|  |  |  |  |  |  |  | 48937 | 45779 | 40681 | 1.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Beverage, Food & Tobacco** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alpine Pet OpCo, LLC | (8) | SF | 5.00% | 8.67% | 11/18/2025 | 11/18/2031 | 22000 | 21738 | 22011 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alpine Pet OpCo, LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.67% | 11/18/2025 | 11/18/2031 | 11000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alpine Pet OpCo, LLC (Revolver) | (19) | SF | 5.00% | 8.67% | 11/18/2025 | 11/18/2031 | 8800 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caputo Cheese Interco Corp. | (8) | SF | 5.00% | 8.67% | 6/30/2025 | 6/30/2030 | 14925 | 14727 | 14955 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caputo Cheese Interco Corp. (Revolver) | (19) | SF | 5.00% | 8.67% | 6/30/2025 | 6/30/2030 | 2500 | 750 | 750 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demakes Borrower, LLC | (8) | SF | 6.00% | 9.70% | 12/15/2023 | 12/12/2029 | 4768 | 4689 | 4768 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Izzio Artisan Bakery, LLC | (9)(11) | SF | 6.50% | 10.17% | 9/27/2024 | 9/27/2029 | 14283 | 14071 | 14375 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Izzio Artisan Bakery, LLC | (6)(8) | SF | 6.50% | 10.17% | 9/27/2024 | 9/27/2029 | 10256 | 10256 | 10322 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Izzio Artisan Bakery, LLC (Delayed Draw) | (19)(20) | SF | 6.50% | 10.17% | 8/15/2025 | 9/27/2029 | 30950 | 23079 | 23229 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Max US Bidco Inc. | (6)(34) | SF | 5.00% | 8.70% | 8/1/2025 | 10/2/2030 | 4937 | 4929 | 4078 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nellson Nutraceutical, LLC | (8)(27) | SF | 5.75% | 9.45% | 5/9/2025 | 4/17/2031 | 24875 | 24545 | 24937 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nellson Nutraceutical, LLC | (8) | SF | 5.75% | 9.45% | 4/17/2025 | 4/17/2031 | 7385 | 7287 | 7403 | 0.3% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nellson Nutraceutical, LLC (Delayed Draw) | (19)(20) | SF | 5.75% | 9.45% | 4/17/2025 | 4/17/2031 | 1953 | $— | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nellson Nutraceutical, LLC (Revolver) | (19) | SF | 5.75% | 9.45% | 4/17/2025 | 4/17/2031 | 5078 | 1797 | 1797 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PFI Lower Midco, LLC | (8) | SF | 4.00% | 7.67% | 11/14/2025 | 12/1/2030 | 5486 | 5433 | 5514 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Baked Goods Holdings, LLC | (8) | SF | 4.75% | 8.45% | 5/1/2025 | 5/1/2031 | 8933 | 8833 | 8937 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Baked Goods Holdings, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.45% | 5/1/2025 | 5/1/2031 | 3750 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Baked Goods Holdings, LLC (Revolver) | (19) | SF | 4.75% | 8.45% | 5/1/2025 | 5/1/2031 | 1250 |  |  | 0.0% |
|  |  |  |  |  |  |  | 183129 | 142134 | 143076 | 5.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Capital Equipment** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (12)(21)(22) | SF | 6.40% | 6.10% Cash/ 4.00% PIK | 3/31/2025 | 8/11/2027 | 5404 | 5056 | 5633 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (21) | SF | 6.15% | 5.85% Cash/ 4.00% PIK | 3/31/2025 | 8/11/2027 | 4402 | 4015 | 4588 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automated Industrial Robotics US HoldCo Inc. | (12)(24) | EU | 5.00% | 7.06% | 8/5/2025 | 8/5/2032 | 2880 | 2857 | 2906 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automated Industrial Robotics US HoldCo Inc. | (12)(23) | SN | 5.00% | 8.72% | 8/5/2025 | 8/5/2032 | 5754 | 5731 | 5807 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automated Industrial Robotics US HoldCo Inc. | (8) | SF | 5.00% | 8.66% | 8/5/2025 | 8/5/2032 | 5778 | 5724 | 5832 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automated Industrial Robotics US HoldCo Inc. (Delayed Draw) | (19)(20) | EU | 5.00% | 7.13% | 8/5/2025 | 8/5/2032 | 11111 | 4004 | 3982 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automated Industrial Robotics US HoldCo Inc. (Revolver) | (19) | SF | 5.00% | 8.66% | 8/5/2025 | 8/5/2032 | 4445 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BLP Buyer, Inc. | (6)(8)(9)(10)(11) | SF | 6.50% | 10.17% | 12/22/2023 | 12/21/2029 | 49125 | 48451 | 49125 | 1.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BLP Buyer, Inc. | (6) | SF | 6.50% | 10.17% | 5/8/2024 | 12/21/2029 | 1872 | 1844 | 1872 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BLP Buyer, Inc. | (27) | SF | 6.50% | 10.17% | 12/21/2023 | 12/21/2029 | 5910 | 5910 | 5910 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BLP Buyer, Inc. | (8) | SF | 6.50% | 10.13% | 8/29/2025 | 12/21/2029 | 1077 | 1062 | 1077 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BLP Buyer, Inc. | (8) | SF | 6.50% | 10.17% | 9/26/2025 | 12/21/2029 | 1496 | 1476 | 1496 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BLP Buyer, Inc. (Revolver) | (19) | SF | 6.50% | 10.17% | 12/22/2023 | 12/21/2029 | 6849 | 6138 | 6138 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CGI Automated Manufacturing, LLC |  | SF | 7.26% | 6.43% Cash/ 4.50% PIK | 9/9/2022 | 12/17/2028 | 8784 | 8741 | 8784 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CGI Automated Manufacturing, LLC |  | SF | 7.26% | 6.43% Cash/ 4.50% PIK | 9/30/2022 | 12/17/2028 | 5589 | 5569 | 5589 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CGI Automated Manufacturing, LLC |  | SF | 7.26% | 6.43% Cash/ 4.50% PIK | 9/9/2022 | 12/17/2028 | 10695 | 10631 | 10695 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crusoe Energy Systems LLC |  | n/a | n/a | 15.00% | 11/13/2025 | 11/13/2029 | 2535 | 2582 | 2569 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crusoe Energy Systems LLC |  | n/a | n/a | 13.00% | 11/13/2025 | 11/13/2029 | 2088 | 2123 | 2054 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DS Parent, Inc. | (27) | SF | 5.50% | 9.20% | 12/15/2023 | 1/31/2031 | 19650 | 18889 | 17472 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IMMEC Buyer | (8) | SF | 5.00% | 8.67% | 1/30/2026 | 8/13/2031 | 3760 | 3706 | 3771 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IMMEC Buyer | (8) | SF | 5.00% | 8.67% | 9/19/2025 | 8/13/2031 | 8878 | 8757 | 8904 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IMMEC Buyer |  | SF | 5.00% | 8.67% | 8/13/2025 | 8/13/2031 | 4248 | 4248 | 4261 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IMMEC Buyer (Revolver) | (19) | SF | 5.00% | 8.67% | 8/13/2025 | 8/13/2031 | 2124 | 212 | 212 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incompass, LLC |  | SF | 7.75% | 11.42% | 12/20/2024 | 11/27/2028 | 2061 | 2027 | 2111 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incompass, LLC | (6)(10) | SF | 7.75% | 11.42% | 11/27/2023 | 11/27/2028 | 23460 | 23112 | 24035 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tavoron Buyer Corp. | (27) | SF | 5.00% | 8.66% | 2/21/2025 | 1/22/2031 | 7543 | 7449 | 7581 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tavoron Buyer Corp. (Delayed Draw) | (19)(20) | SF | 5.00% | 8.66% | 1/22/2025 | 1/22/2031 | 8020 | 3417 | 3434 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tavoron Buyer Corp. (Revolver) | (12)(19)(22) | SF | 5.00% | 8.66% | 1/22/2025 | 1/22/2031 | 192 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tavoron Buyer Corp. (Revolver) | (19) | SF | 5.00% | 8.66% | 1/22/2025 | 1/22/2031 | 1338 |  |  | 0.0% |
|  |  |  |  |  |  |  | 217068 | 193731 | 195838 | 7.0% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Chemicals, Plastics & Rubber** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMCO Holdco LLC | (8)(10)(11)(27) | SF | 5.00% | 8.70% | 12/9/2025 | 12/9/2032 | 43150 | $42731 | $43279 | 1.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMCO Holdco LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.70% | 12/9/2025 | 12/9/2032 | 8440 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMCO Holdco LLC (Revolver) | (19) | SF | 5.00% | 8.70% | 12/9/2025 | 12/9/2030 | 11037 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resin Solutions LLC | (8) | SF | 5.00% | 8.66% | 8/15/2025 | 8/15/2031 | 10945 | 10845 | 10945 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resin Solutions LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.68% | 8/15/2025 | 8/15/2031 | 2241 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resin Solutions LLC (Revolver) | (19) | SF | 5.00% | 8.68% | 8/15/2025 | 8/15/2031 | 1222 | 212 | 212 | 0.0% |
|  |  |  |  |  |  |  | 77035 | 53788 | 54436 | 2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Construction & Building** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FR Panther Intermediate, LLC | (10)(11) | SF | 4.75% | 8.42% | 1/23/2026 | 1/23/2032 | 10000 | 9880 | 9875 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FR Panther Intermediate, LLC |  | SF | 4.75% | 8.46% | 1/23/2026 | 1/23/2032 | 1222 | 1222 | 1215 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FR Panther Intermediate, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.46% | 1/23/2026 | 1/23/2032 | 3333 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FR Panther Intermediate, LLC (Revolver) | (19) | SF | 4.75% | 8.46% | 1/23/2026 | 1/23/2032 | 972 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guardian Restoration Partners Buyer, LLC | (10)(44) | SF | 5.00% | 8.70% | 11/14/2024 | 11/1/2031 | 11880 | 11759 | 11880 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guardian Restoration Partners Buyer, LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.70% | 11/1/2024 | 11/1/2031 | 19890 | 17919 | 17919 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guardian Restoration Partners Buyer, LLC (Revolver) | (19) | SF | 5.00% | 8.70% | 11/1/2024 | 11/1/2031 | 3000 | 2180 | 2180 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harlem Acquisition, LLC | (8)(11) | SF | 4.75% | 8.41% | 11/26/2024 | 11/7/2030 | 31680 | 31238 | 31997 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harlem Acquisition, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.41% | 3/12/2026 | 11/7/2030 | 6095 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harlem Acquisition, LLC (Delayed Draw) | (6)(19)(20) | SF | 4.75% | 8.41% | 11/7/2024 | 11/7/2030 | 9133 | 9037 | 9127 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harlem Acquisition, LLC (Revolver) | (19) | SF | 4.75% | 8.43% | 11/7/2024 | 11/7/2030 | 6095 | 1524 | 1524 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MEI Buyer LLC | (8)(11)(44) | SF | 4.25% | 7.92% | 6/30/2023 | 6/29/2029 | 24968 | 24504 | 25218 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MEI Buyer LLC | (10)(11) | SF | 4.25% | 7.92% | 1/9/2024 | 6/30/2029 | 14019 | 13931 | 14160 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MEI Buyer LLC | (8) | SF | 4.25% | 7.93% | 6/30/2023 | 6/29/2029 | 3993 | 3993 | 4033 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MEI Buyer LLC (Delayed Draw) | (19)(20) | SF | 4.25% | 7.92% | 3/27/2025 | 6/29/2029 | 8929 | 2220 | 2242 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MEI Buyer LLC (Revolver) | (19) | SF | 4.25% | 7.92% | 6/30/2023 | 6/29/2029 | 5253 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mooring Primary, LLC | (8)(27) | SF | 5.25% | 8.92% | 4/24/2025 | 4/1/2031 | 13857 | 13676 | 13878 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mooring Primary, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.92% | 4/1/2025 | 4/1/2031 | 6333 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mooring Primary, LLC (Revolver) | (19) | SF | 5.25% | 8.92% | 4/1/2025 | 4/1/2031 | 6333 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Premier Roofing L.L.C. | (21) | n/a | n/a | 5.00% PIK | 3/25/2026 | 12/31/2029 | 2420 | 2420 | 2420 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Premier Roofing L.L.C. (Revolver) | (19)(21) | n/a | n/a | 5.00% PIK | 3/25/2026 | 12/31/2029 | 159 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Restoration Group, LLC (fka Water Buyer, LLC) | (10) | SF | 5.25% | 8.95% | 8/8/2024 | 8/8/2030 | 9850 | 9737 | 9855 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Restoration Group, LLC (fka Water Buyer, LLC) (Delayed Draw) | (19)(20) | SF | 5.25% | 8.95% | 8/8/2024 | 8/8/2030 | 6000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Restoration Group, LLC (fka Water Buyer, LLC) (Revolver) | (19) | SF | 5.25% | 8.92% | 8/8/2024 | 8/8/2030 | 3000 | 400 | 400 | 0.0% |
|  |  |  |  |  |  |  | 208414 | 155640 | 157923 | 5.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Independence Buyer, Inc. | (7)(21) | SF | 7.90% | 9.56% Cash/ 2.00% PIK | 8/3/2021 | 1/29/2027 | 11185 | 11166 | 7647 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Independence Buyer, Inc. (Revolver) | (19)(21) | SF | 7.85% | 9.52% Cash/ 2.00% PIK | 8/3/2021 | 1/29/2027 | 1482 | 1243 | 850 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SonicWall US Holdings Inc. | (21) | SF | 5.00% | 8.70% | 10/7/2024 | 5/18/2028 | 15809 | 15630 | 5177 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Syniverse Holdings, LLC | (12) | SF | 7.00% | 10.70% | 3/4/2025 | 5/13/2027 | 11842 | 11813 | 10968 | 0.4% |
|  |  |  |  |  |  |  | 40318 | 39852 | 24642 | 0.9% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Non-Durable** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohere Beauty, Phoenix LLC | (6)(8)(9) | SF | 6.61% | 10.28% | 5/18/2021 | 5/18/2026 | 13370 | $13361 | $13022 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohere Beauty, Phoenix LLC | (9) | SF | 6.61% | 10.28% | 12/15/2021 | 5/18/2026 | 2453 | 2453 | 2391 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohere Beauty, Phoenix LLC | (6) | SF | 6.61% | 10.28% | 8/12/2022 | 5/18/2026 | 6660 | 6654 | 6487 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohere Beauty, Phoenix LLC | (7) | SF | 6.61% | 10.28% | 8/12/2022 | 5/18/2026 | 2876 | 2876 | 2802 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohere Beauty, Phoenix LLC | (6) | SF | 6.61% | 10.28% | 3/3/2025 | 5/18/2026 | 2733 | 2729 | 2662 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohere Beauty, Phoenix LLC (Revolver) | (19) | SF | 6.61% | 10.28% | 5/18/2021 | 5/18/2026 | 2222 | 889 | 866 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excelligence Learning Corporation | (6) | SF | 5.75% | 9.45% | 3/15/2024 | 1/18/2030 | 11956 | 11787 | 10223 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excelligence Learning Corporation (Revolver) | (19) | SF | 5.75% | 9.45% | 3/15/2024 | 1/18/2030 | 3408 | 2260 | 1933 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gibson Brands, Inc. | (8)(34) | SF | 5.26% | 8.93% | 4/19/2024 | 8/13/2028 | 11099 | 11103 | 10280 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Niteo Products, LLC | (8) | SF | 5.25% | 8.92% | 12/4/2025 | 12/4/2031 | 23441 | 23110 | 23500 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Niteo Products, LLC (Revolver) | (19) | SF | 5.25% | 8.92% | 12/4/2025 | 12/4/2031 | 4578 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Kyjen Company, LLC | (6)(7)(21) | SF | 7.60% | 10.27% Cash/ 1.00% PIK | 5/14/2021 | 4/6/2026 | 2962 | 2841 | 1709 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Kyjen Company, LLC | (21) | SF | 7.50% | 10.27% Cash/ 1.00% PIK | 9/13/2022 | 4/6/2026 | 5 | 5 | 3 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Kyjen Company, LLC (Revolver) | (19)(21) | SF | 7.60% | 10.27% Cash/ 1.00% PIK | 5/14/2021 | 4/6/2026 | 315 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thrasio, LLC | (21) | SF | 8.26% | 11.93% PIK | 6/18/2024 | 6/18/2029 | 496 | 488 | 496 | 0.0% |
|  |  |  |  |  |  |  | 88574 | 80556 | 76374 | 2.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Containers, Packaging & Glass** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assembly Buyer, LLC | (8)(44) | SF | 4.75% | 8.41% | 6/30/2025 | 6/30/2031 | 16000 | 15855 | 15880 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assembly Buyer, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.41% | 6/30/2025 | 6/30/2031 | 7111 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assembly Buyer, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.41% | 7/2/2025 | 6/30/2031 | 853 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assembly Buyer, LLC (Revolver) | (19) | SF | 4.75% | 8.41% | 6/30/2025 | 6/30/2031 | 2667 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B2B Industrial Products LLC | (6) | SF | 6.90% | 10.60% | 12/6/2022 | 10/7/2026 | 9498 | 9463 | 9332 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B2B Industrial Products LLC | (6) | SF | 6.90% | 10.60% | 4/4/2023 | 10/7/2026 | 2198 | 2189 | 2160 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivex Holdco Inc. and Induspac Holdco Inc. | (8)(12)(36)(44) | SF | 5.65% | 9.31% | 11/27/2024 | 12/17/2027 | 13943 | 13900 | 13943 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivex Holdco Inc. and Induspac Holdco Inc. | (8)(12)(36) | SF | 5.65% | 9.31% | 11/27/2024 | 12/17/2027 | 1468 | 1468 | 1468 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivex Holdco Inc. and Induspac Holdco Inc. | (11)(12)(36) | SF | 5.65% | 9.31% | 12/1/2025 | 12/17/2027 | 6624 | 6624 | 6624 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivex Holdco Inc. and Induspac Holdco Inc. | (11)(12)(36) | SF | 5.65% | 9.31% | 12/1/2025 | 12/17/2027 | 3568 | 3566 | 3568 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivex Holdco Inc. and Induspac Holdco Inc. (Delayed Draw) | (12)(19)(20)(36) | SF | 5.65% | 9.35% | 11/27/2024 | 12/17/2027 | 6114 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivex Holdco Inc. and Induspac Holdco Inc. (Revolver) | (12)(19)(36) | SF | 5.65% | 9.35% | 11/27/2024 | 12/17/2027 | 4076 | 2744 | 2744 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Key Container Borrower, LLC |  | SF | 4.50% | 8.17% | 2/17/2026 | 2/17/2032 | 4000 | 3962 | 3960 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Key Container Borrower, LLC (Revolver) | (19) | SF | 4.50% | 8.17% | 2/17/2026 | 2/17/2032 | 1270 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Key Container Borrower, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.17% | 2/17/2026 | 2/17/2032 | 1905 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Polychem Acquisition, LLC |  | SF | 5.61% | 5.28% Cash/ 4.00% PIK | 4/8/2019 | 8/15/2026 | 1974 | 1974 | 1502 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Tahoe Acquisition Corporation | (8) | SF | 5.25% | 8.92% | 1/1/2026 | 1/1/2032 | 14500 | 14329 | 14319 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Tahoe Acquisition Corporation (Revolver) | (19) | SF | 5.25% | 8.92% | 1/1/2026 | 1/1/2032 | 4229 |  |  | 0.0% |
|  |  |  |  |  |  |  | 101998 | 76074 | 75500 | 2.7% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Environmental Industries** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PNE Interco LLC | (6)(7)(8)(11) | SF | 5.50% | 9.16% | 2/12/2024 | 2/12/2030 | 13755 | $13564 | $13755 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PNE Interco LLC (Delayed Draw) | (6)(19)(20) | SF | 5.50% | 9.17% | 2/12/2024 | 2/12/2030 | 5248 | 4364 | 4364 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PNE Interco LLC (Revolver) | (19) | SF | 5.50% | 9.20% | 2/12/2024 | 2/12/2030 | 5899 | 1180 | 1180 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quest Resource Management Group, LLC |  | SF | 7.61% | 11.28% | 12/30/2024 | 6/28/2030 | 13599 | 13464 | 12262 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quest Resource Management Group, LLC (Delayed Draw) | (19)(20) | SF | 7.61% | 11.28% | 12/30/2024 | 6/28/2030 | 6944 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC | (6)(7)(9)(10)(44) | SF | 4.75% | 8.42% | 3/31/2025 | 5/25/2029 | 11535 | 11535 | 11535 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC | (6) | SF | 4.75% | 8.42% | 4/15/2024 | 5/25/2029 | 3544 | 3497 | 3544 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC | (6)(44) | SF | 4.75% | 8.42% | 4/15/2024 | 5/25/2029 | 11950 | 11950 | 11950 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC | (6) | SF | 4.75% | 8.42% | 9/12/2023 | 5/25/2029 | 364 | 364 | 364 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC | (6)(27) | SF | 4.75% | 8.42% | 3/25/2025 | 5/25/2029 | 10081 | 10003 | 10081 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.17% | 3/12/2025 | 5/25/2029 | 10150 | 2837 | 2837 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC (Revolver) | (19) | SF | 4.50% | 8.16% | 9/12/2023 | 5/25/2029 | 4874 | 1044 | 1044 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volt Bidco, Inc. |  | SF | 6.50% | 10.20% PIK | 8/11/2021 | 8/11/2027 | 10430 | 10377 | 10108 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volt Bidco, Inc. | (11) | SF | 6.50% | 10.20% PIK | 8/11/2021 | 8/11/2027 | 1961 | 1961 | 1900 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volt Bidco, Inc. | (27) | SF | 6.50% | 10.20% PIK | 9/17/2024 | 8/11/2027 | 813 | 813 | 788 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volt Bidco, Inc. | (27) | SF | 6.50% | 10.20% PIK | 12/28/2023 | 8/11/2027 | 1127 | 1127 | 1092 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volt Bidco, Inc. (Revolver) | (19) | SF | 6.50% | 10.17% PIK | 8/11/2021 | 8/11/2027 | 956 | 459 | 445 | 0.0% |
|  |  |  |  |  |  |  | 113230 | 88539 | 87249 | 3.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Finance** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Band Finance LLC and Anderson Global Luxembourg SCSp | (6)(8)(9) | SF | 5.25% | 8.92% | 9/5/2025 | 8/5/2031 | 36500 | 36085 | 36704 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Band Finance LLC and Anderson Global Luxembourg SCSp | (8)(12)(38) | SF | 5.25% | 8.92% | 8/6/2025 | 8/6/2031 | 13905 | 13905 | 13983 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Band Finance LLC and Anderson Global Luxembourg SCSp (Delayed Draw) | (6)(12)(19)(20)<br>(38) | SF | 5.25% | 8.92% | 11/13/2025 | 8/5/2031 | 9832 | 8980 | 9030 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Band Finance LLC and Anderson Global Luxembourg SCSp (Revolver) | (12)(19)(38) | SF | 5.25% | 8.92% | 8/6/2025 | 8/5/2031 | 5214 | 521 | 521 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bandas Law Firm, P.C. |  | SF | 13.75% | 4.00% Cash/ 13.75% PIK | 2/17/2026 | 2/17/2030 | 4772 | 4704 | 4700 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beckway Acquisition, Inc. | (8) | SF | 4.75% | 8.42% | 8/29/2025 | 8/29/2030 | 7980 | 7873 | 7980 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beckway Acquisition, Inc. (Delayed Draw) | (19)(20) | SF | 4.75% | 8.42% | 8/29/2025 | 8/29/2030 | 5714 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beckway Acquisition, Inc. (Revolver) | (19) | SF | 4.75% | 8.42% | 8/29/2025 | 8/29/2030 | 1429 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bench Walk Lead, LLC | (12) | SF | 11.00% | 14.70% | 6/9/2023 | 6/14/2027 | 23172 | 23149 | 23202 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bench Walk Lead, LLC (Delayed Draw) | (12)(19)(20) | n/a | n/a | 15.00% | 1/22/2025 | 1/22/2031 | 8581 | 4605 | 4588 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BW 51f, L.P. | (12) | SF | 8.00% | 11.75% | 12/27/2023 | 12/31/2029 | 9000 | 9000 | 9000 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cpex Purchaser, LLC | (7)(9)(44) | SF | 6.00% | 9.74% | 8/26/2022 | 2/28/2030 | 36000 | 35484 | 35982 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cpex Purchaser, LLC | (44) | SF | 5.50% | 9.24% | 3/26/2025 | 2/28/2030 | 6448 | 6394 | 6445 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cpex Purchaser, LLC | (44) | SF | 6.00% | 9.74% | 9/30/2021 | 2/28/2030 | 4061 | 4061 | 4059 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cpex Purchaser, LLC (Delayed Draw) | (19)(20) | SF | 6.00% | 9.74% | 3/31/2026 | 2/28/2030 | 709 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cpex Purchaser, LLC (Delayed Draw) | (19)(20) | SF | 6.00% | 9.74% | 3/31/2026 | 2/28/2030 | 3669 | 385 | 385 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cpex Purchaser, LLC (Delayed Draw) | (19)(20) | SF | 6.00% | 9.74% | 3/26/2025 | 2/28/2030 | 4320 | 4212 | 4210 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cpex Purchaser, LLC (Revolver) |  | SF | 6.00% | 9.67% | 9/30/2021 | 2/28/2030 | 13935 | 13935 | 13935 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finastra USA, Inc. | (12)(34)(40) | SF | 4.00% | 7.68% | 2/12/2026 | 9/15/2032 | 5000 | 4650 | 4707 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GC Champion Acquisition LLC | (7)(8) | SF | 5.00% | 8.67% | 8/19/2022 | 8/18/2028 | 19853 | 19738 | 19878 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GC Champion Acquisition LLC | (6) | SF | 5.00% | 8.67% | 8/19/2022 | 8/18/2028 | 3521 | 3521 | 3525 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GC Champion Acquisition LLC | (6) | SF | 5.00% | 8.67% | 8/1/2023 | 8/18/2028 | 10562 | 10393 | 10576 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GC Champion Acquisition LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.67% | 8/19/2024 | 8/18/2028 | 3430 |  |  | 0.0% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J2 BWA Funding III, LLC (Delayed Draw) | (12)(19)(20) | n/a | n/a | 10.00% | 4/29/2022 | 4/28/2028 | 7206 | $3619 | $3610 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J2 BWA Funding LLC (Revolver) | (12)(19) | n/a | n/a | 10.00% | 12/14/2020 | 12/24/2026 | 1748 | 1595 | 1595 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protecht Group Holdings Pty Ltd | (12)(25)(35) | SF | 7.00% | 0.107 | 12/19/2025 | 12/19/2031 | 22080 | 20962 | 22080 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protecht Group Holdings Pty Ltd (Delayed Draw) | (12)(19)(20)(25)<br>(35) | SF | 7.00% | 10.70% | 12/19/2025 | 12/19/2031 | 5520 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protecht Group Holdings Pty Ltd (Delayed Draw) | (12)(19)(20)(25)<br>(35) | SF | 7.00% | 10.70% | 12/19/2025 | 12/19/2031 | 2429 | 669 | 669 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protecht Group Holdings Pty Ltd (Revolver) | (12)(19)(35) | SF | 7.00% | 10.70% | 12/19/2025 | 12/19/2031 | 1600 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protecht Group Holdings Pty Ltd (Revolver) | (12)(19)(25)(35) | SF | 7.00% | 10.70% | 12/19/2025 | 12/19/2031 | 1104 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resolute Investment Managers, Inc. |  | SF | 6.76% | 10.46% | 6/30/2025 | 10/30/2028 | 18009 | 17984 | 14452 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Intermediate Holdings, LLC | (8)(12) | SF | 5.10% | 8.77% | 12/28/2022 | 12/28/2028 | 2903 | 2865 | 2903 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Intermediate Holdings, LLC (Delayed Draw) | (12)(19)(20) | SF | 5.10% | 8.77% | 12/5/2024 | 12/28/2028 | 3947 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax Protection BuyCo, LLC | (8)(10)(27)(44) | SF | 4.75% | 8.41% | 4/1/2025 | 4/1/2031 | 23820 | 23509 | 23820 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax Protection BuyCo, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.41% | 4/1/2025 | 4/1/2031 | 4706 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax Protection BuyCo, LLC (Revolver) | (19) | SF | 4.75% | 8.41% | 4/1/2025 | 4/1/2031 | 5882 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tegra118 Wealth Solutions, Inc. | (8)(12) | SF | 4.00% | 7.67% | 1/16/2026 | 1/27/2033 | 4000 | 3962 | 3940 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transnetwork LLC | (11)(27)(44) | SF | 4.75% | 8.45% | 11/20/2023 | 12/29/2030 | 15522 | 15357 | 14203 | 0.5% |
|  |  |  |  |  |  |  | 358083 | 302117 | 300682 | 10.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Real Estate** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avison Young (USA) Inc. | (12)(21)(36) | SF | 6.51% | 10.18% | 9/24/2024 | 3/12/2028 | 753 | 621 | 680 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InsideRE, LLC | (7)(8) | SF | 5.65% | 9.35% | 12/22/2021 | 12/22/2027 | 7184 | 7136 | 7184 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InsideRE, LLC | (9) | SF | 5.65% | 9.35% | 12/22/2021 | 12/22/2027 | 2792 | 2792 | 2792 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InsideRE, LLC (Delayed Draw) | (19)(20) | SF | 5.65% | 9.35% | 3/7/2025 | 12/22/2027 | 766 | 381 | 381 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InsideRE, LLC (Revolver) | (19) | P | 4.50% | 11.25% | 12/22/2021 | 12/22/2027 | 965 | 547 | 547 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lessen LLC |  | SF | 13.00% | 16.70% | 1/5/2023 | 1/5/2028 | 8585 | 8455 | 6954 | 0.3% |
|  |  |  |  |  |  |  | 21045 | 19932 | 18538 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Healthcare & Pharmaceuticals** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. | (6)(9) | SF | 4.50% | 8.20% | 6/7/2023 | 6/7/2029 | 9725 | 9577 | 9744 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. | (8) | SF | 4.50% | 8.20% | 6/7/2023 | 6/7/2029 | 3093 | 3093 | 3099 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. | (8) | SF | 4.50% | 8.20% | 1/11/2024 | 6/7/2029 | 7306 | 7306 | 7321 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. | (8) | SF | 4.50% | 8.20% | 10/28/2024 | 6/7/2029 | 4836 | 4836 | 4846 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. | (10) | SF | 4.50% | 8.20% | 9/4/2025 | 6/7/2029 | 16166 | 16166 | 16198 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. |  | SF | 4.50% | 8.20% | 12/5/2025 | 6/7/2029 | 6573 | 6573 | 6586 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. | (6) | SF | 4.50% | 8.20% | 9/4/2025 | 6/7/2029 | 16164 | 16164 | 16196 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. (Revolver) | (19) | SF | 4.50% | 8.20% | 6/7/2023 | 6/7/2029 | 2500 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Appriss Health, LLC | (7) | SF | 4.85% | 8.52% | 5/6/2021 | 5/6/2028 | 3168 | 3153 | 3168 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Appriss Health, LLC (Revolver) | (19) | SF | 4.85% | 8.52% | 5/6/2021 | 5/6/2028 | 433 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BCTO Bobsled Purchaser, Inc. | (44) | SF | 4.75% | 8.45% | 1/16/2026 | 1/16/2033 | 19500 | 19361 | 19354 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BCTO Bobsled Purchaser, Inc. (Delayed Draw) | (19)(20) | SF | 4.75% | 8.45% | 1/16/2026 | 1/16/2033 | 6500 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BCTO Bobsled Purchaser, Inc. (Revolver) | (19) | SF | 4.75% | 8.45% | 1/16/2026 | 1/16/2033 | 1950 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bluesight, Inc. | (7)(9)(11) | SF | 5.50% | 9.20% | 7/17/2023 | 7/17/2029 | 29850 | 29284 | 30149 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bluesight, Inc. | (27) | SF | 5.50% | 9.20% | 10/15/2024 | 7/17/2029 | 3893 | 3851 | 3932 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bluesight, Inc. | (11)(44) | SF | 5.50% | 9.20% | 12/31/2024 | 7/17/2029 | 25957 | 25664 | 26216 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bluesight, Inc. (Revolver) | (19) | SF | 5.50% | 9.20% | 7/17/2023 | 7/17/2029 | 5217 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caravel Autism Health, LLC | (6)(11)(44) | SF | 5.00% | 8.70% | 6/11/2024 | 6/11/2030 | 17730 | 17502 | 17503 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caravel Autism Health, LLC | (8) | SF | 5.00% | 8.70% | 6/11/2024 | 6/11/2030 | 7656 | 7656 | 7558 | 0.3% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caravel Autism Health, LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.70% | 4/16/2025 | 6/11/2030 | 10258 | $3619 | $3573 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caravel Autism Health, LLC (Revolver) | (19) | SF | 5.00% | 8.70% | 6/11/2024 | 6/11/2030 | 9000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dorado Acquisition, Inc. | (6)(7) | SF | 6.85% | 10.52% | 6/30/2021 | 6/30/2026 | 13209 | 13191 | 13130 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dorado Acquisition, Inc. | (6)(7) | SF | 6.90% | 10.56% | 11/27/2022 | 6/30/2026 | 10951 | 10931 | 10885 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dorado Acquisition, Inc. (Revolver) | (19) | SF | 6.85% | 10.52% | 6/30/2021 | 6/30/2026 | 1670 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FH BMX Buyer, Inc. | (10) | SF | 4.75% | 8.45% | 6/21/2024 | 6/21/2031 | 8910 | 8805 | 8910 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FH BMX Buyer, Inc. | (10) | SF | 4.75% | 8.42% | 6/21/2024 | 6/21/2031 | 4756 | 4756 | 4756 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FH BMX Buyer, Inc. |  | SF | 4.75% | 8.45% | 6/9/2025 | 6/21/2031 | 7153 | 7153 | 7153 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FH BMX Buyer, Inc. (Delayed Draw) | (19)(20) | SF | 4.75% | 8.45% | 11/7/2025 | 6/21/2031 | 6933 | 2667 | 2667 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GBP CSTA Buyer LLC |  | SF | 6.10% | 9.77% | 11/18/2025 | 5/18/2031 | 998 | 979 | 998 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GBP CSTA Buyer LLC (Revolver) | (19) | SF | 6.10% | 9.77% | 11/18/2025 | 5/18/2031 | 444 | 111 | 111 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Golden State Buyer, Inc. | (8) | P | 3.75% | 10.50% | 8/25/2022 | 8/1/2031 | 9431 | 9405 | 9419 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Helping Hands Childrens Services Management, LLC | (8)(10) | SF | 4.50% | 8.16% | 11/5/2024 | 11/5/2030 | 11414 | 11300 | 11414 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Helping Hands Childrens Services Management, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.17% | 11/5/2024 | 11/5/2030 | 4600 | 1691 | 1691 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Helping Hands Childrens Services Management, LLC (Revolver) | (19) | SF | 4.50% | 8.17% | 11/5/2024 | 11/5/2030 | 2300 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KL Moon Acquisition, LLC |  | SF | 7.00% | 10.66% | 2/6/2024 | 2/1/2029 | 4309 | 4233 | 4169 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KL Moon Acquisition, LLC |  | SF | 7.00% | 10.66% | 2/1/2023 | 2/1/2029 | 10050 | 9898 | 9723 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KL Moon Acquisition, LLC |  | SF | 7.00% | 10.66% | 2/1/2023 | 2/1/2029 | 2004 | 2004 | 1934 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KL Moon Acquisition, LLC (Revolver) | (19) | SF | 7.00% | 10.66% | 2/1/2023 | 2/1/2029 | 1665 | 1449 | 1402 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Learn-It Systems, LLC | (6)(8) | SF | 5.25% | 8.91% | 7/10/2025 | 7/10/2031 | 51239 | 50514 | 52263 | 1.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Learn-It Systems, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.83% | 7/10/2025 | 7/10/2031 | 13664 | 1136 | 1159 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Learn-It Systems, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.91% | 7/10/2025 | 7/10/2031 | 2733 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Learn-It Systems, LLC (Revolver) | (19) | SF | 5.25% | 8.91% | 7/10/2025 | 7/10/2031 | 6832 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long Grove Pharmaceuticals, LLC |  | SF | 8.00% | 7.67% Cash/ 4.00% PIK | 2/27/2025 | 2/27/2031 | 14477 | 14302 | 14555 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long Grove Pharmaceuticals, LLC (Delayed Draw) | (19)(20) | SF | 8.00% | 7.67% Cash/ 4.00% PIK | 2/27/2025 | 2/27/2031 | 14000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NationsBenefits, LLC | (8)(10)(11)(27)<br>(44) | SF | 6.10% | 9.77% | 5/22/2025 | 8/26/2027 | 64164 | 64164 | 64164 | 2.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NationsBenefits, LLC (Delayed Draw) | (19)(20) | SF | 6.10% | 9.77% | 4/25/2025 | 8/26/2027 | 16542 | 9323 | 9323 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NationsBenefits, LLC (Revolver) |  | SF | 6.10% | 9.77% | 4/25/2025 | 8/26/2027 | 7219 | 7219 | 7219 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NBPT Acquisition LLC | (27) | SF | 5.00% | 8.66% | 3/17/2025 | 3/1/2030 | 20834 | 20660 | 20652 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NBPT Acquisition LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.67% | 3/3/2025 | 3/3/2030 | 8074 | 987 | 978 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NBPT Acquisition LLC (Revolver) | (19) | SF | 5.00% | 8.70% | 3/3/2025 | 3/1/2030 | 2360 | 472 | 468 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NQ PE Project Colosseum Midco Inc. |  | SF | 6.65% | 10.35% | 10/4/2022 | 10/4/2028 | 14126 | 13990 | 12729 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NQ PE Project Colosseum Midco Inc. (Revolver) | (19) | SF | 6.65% | 10.35% | 10/4/2022 | 10/4/2028 | 1825 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ossio, Inc. |  | P | 3.25% | 8.00% Cash/ 2.00% PIK | 1/20/2026 | 1/20/2031 | 20046 | 19855 | 19845 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ossio, Inc. |  | P | 3.25% | 8.00% Cash/ 2.00% PIK | 1/20/2026 | 1/20/2031 | 2500 | 2500 | 2500 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ossio, Inc. (Delayed Draw) | (19)(20) | P | 3.25% | 8.00% Cash/ 2.00% PIK | 1/20/2026 | 1/20/2031 | 2500 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PAI Middle Tier, LLC | (27)(44) | SF | 4.25% | 7.95% | 2/21/2025 | 2/13/2032 | 17617 | 17388 | 17724 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PAI Middle Tier, LLC (Revolver) | (19) | SF | 4.50% | 8.20% | 2/13/2025 | 2/13/2032 | 3765 | 377 | 377 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phia Purchaser, LLC | (10) | SF | 4.50% | 8.17% | 12/1/2025 | 12/1/2032 | 8000 | 7925 | 7988 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phia Purchaser, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.17% | 12/1/2025 | 12/1/2032 | 2041 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phia Purchaser, LLC (Revolver) | (19) | SF | 4.50% | 8.17% | 12/1/2025 | 12/1/2032 | 1224 |  |  | 0.0% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ro Health, LLC | (27) | SF | 4.50% | 8.20% | 2/21/2025 | 1/17/2031 | 3703 | $3657 | $3714 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ro Health, LLC (Revolver) | (19) | SF | 4.50% | 8.18% | 1/17/2025 | 1/17/2031 | 1067 | 160 | 160 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP ADV Infusion Purchaser, LLC | (8)(27) | SF | 4.75% | 8.45% | 8/15/2025 | 8/14/2031 | 9453 | 9344 | 9453 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP ADV Infusion Purchaser, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.42% | 8/15/2025 | 8/14/2031 | 11509 | 8942 | 8942 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP ADV Infusion Purchaser, LLC (Revolver) | (19) | SF | 4.75% | 8.45% | 8/15/2025 | 8/14/2031 | 4622 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Eye Care Holdco, LLC | (6)(9) | SF | 5.60% | 9.27% | 10/7/2022 | 10/5/2029 | 8954 | 8794 | 8954 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Eye Care Holdco, LLC |  | SF | 5.60% | 9.27% | 4/1/2024 | 10/5/2029 | 10058 | 9918 | 10058 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Eye Care Holdco, LLC |  | SF | 5.60% | 9.27% | 10/7/2022 | 10/5/2029 | 7868 | 7868 | 7868 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Eye Care Holdco, LLC |  | SF | 5.60% | 9.27% | 4/1/2024 | 10/5/2029 | 20399 | 20399 | 20399 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Eye Care Holdco, LLC (Revolver) | (19) | SF | 5.60% | 9.28% | 10/7/2022 | 10/5/2029 | 1442 | 361 | 361 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Mgmt Company, LLC | (6)(8)(10)(11) | SF | 6.10% | 9.80% | 12/29/2023 | 6/30/2028 | 20967 | 20737 | 20967 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Mgmt Company, LLC |  | SF | 6.10% | 9.81% | 12/29/2023 | 6/30/2028 | 8469 | 8469 | 8469 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Mgmt Company, LLC | (6) | SF | 5.85% | 9.52% | 12/6/2024 | 7/1/2028 | 11768 | 11768 | 11727 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Mgmt Company, LLC (Delayed Draw) | (19)(20) | SF | 5.85% | 9.52% | 12/6/2024 | 7/1/2028 | 9879 | 6392 | 6370 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Mgmt Company, LLC |  | SF | 5.85% | 9.52% | 12/6/2024 | 7/1/2028 | 7905 | 7905 | 7877 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Mgmt Company, LLC (Revolver) | (19) | SF | 5.85% | 9.50% | 12/6/2024 | 7/1/2028 | 1981 | 495 | 494 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seran BioScience, LLC | (7)(8) | SF | 5.50% | 9.16% | 12/31/2020 | 7/8/2027 | 1905 | 1904 | 1888 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seran BioScience, LLC | (10)(11) | SF | 5.50% | 9.12% | 8/21/2023 | 7/8/2027 | 227 | 227 | 225 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seran BioScience, LLC | (8) | SF | 5.50% | 9.12% | 7/8/2022 | 7/8/2027 | 431 | 431 | 427 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seran BioScience, LLC (Revolver) | (19) | SF | 5.50% | 9.16% | 12/31/2020 | 7/8/2027 | 356 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SIP Care Services, LLC | (6) | SF | 5.85% | 9.52% | 7/21/2023 | 12/30/2027 | 148 | 148 | 139 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SIP Care Services, LLC | (6)(7) | SF | 5.85% | 9.52% | 12/30/2021 | 12/30/2027 | 4406 | 4392 | 4136 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SIP Care Services, LLC (Revolver) | (19) | SF | 5.85% | 9.52% | 12/30/2021 | 12/30/2027 | 760 | 714 | 671 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Smilist DSO, LLC | (8)(10)(11) | SF | 6.00% | 9.70% | 4/4/2024 | 4/4/2029 | 28294 | 27866 | 28294 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Smilist DSO, LLC | (10)(44) | SF | 6.00% | 9.70% | 4/4/2024 | 4/4/2029 | 7649 | 7649 | 7649 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Smilist DSO, LLC | (8) | SF | 6.00% | 9.70% | 4/4/2024 | 4/4/2029 | 6143 | 6143 | 6143 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Smilist DSO, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.95% | 12/27/2024 | 4/4/2029 | 11781 | 10619 | 10459 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Smilist DSO, LLC (Revolver) | (19) | SF | 6.00% | 9.70% | 4/4/2024 | 4/4/2029 | 1974 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TigerConnect, Inc. | (7) | SF | 6.40% | 10.06% | 2/16/2022 | 8/16/2029 | 10002 | 9928 | 10002 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TigerConnect, Inc. | (6) | SF | 6.40% | 10.06% | 11/19/2024 | 8/16/2029 | 571 | 566 | 571 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TigerConnect, Inc. | (6)(44) | SF | 6.40% | 10.06% | 8/15/2025 | 8/16/2029 | 3038 | 2999 | 3038 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TigerConnect, Inc. |  | SF | 6.40% | 10.06% | 11/19/2024 | 8/16/2029 | 52 | 52 | 52 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TigerConnect, Inc. |  | SF | 6.40% | 10.06% | 2/16/2022 | 8/16/2029 | 1253 | 1253 | 1253 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TigerConnect, Inc. (Revolver) | (19) | SF | 6.40% | 10.06% | 2/16/2022 | 8/16/2029 | 1429 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Together Women's Health, LLC | (8) | SF | 4.50% | 8.20% | 8/26/2025 | 8/26/2031 | 8856 | 8753 | 8856 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Together Women's Health, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.20% | 8/26/2025 | 8/26/2031 | 8377 | 1133 | 1133 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Together Women's Health, LLC (Revolver) | (19) | SF | 4.50% | 8.20% | 8/26/2025 | 8/26/2031 | 1552 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WebPT, Inc. | (7) | SF | 6.35% | 6.92% Cash/ 3.13% PIK | 8/28/2019 | 1/18/2030 | 5067 | 5067 | 4607 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WebPT, Inc. (Revolver) | (19) | SF | 6.35% | 6.92% Cash/ 3.13% PIK | 8/28/2019 | 1/18/2030 | 521 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xpress Wellness, LLC | (6) | SF | 5.50% | 9.16% | 5/8/2024 | 5/8/2030 | 39500 | 38919 | 39387 | 1.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xpress Wellness, LLC (Delayed Draw) | (19)(20) | SF | 5.50% | 9.12% | 5/8/2024 | 5/8/2030 | 12468 | 3918 | 3907 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xpress Wellness, LLC (Revolver) | (19) | SF | 5.50% | 9.16% | 5/8/2024 | 5/8/2030 | 9231 | 7015 | 7015 | 0.3% |
|  |  |  |  |  |  |  | 910089 | 758095 | 761414 | 27.4% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**High Tech Industries** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelevation LLC | (8) | SF | 4.50% | 8.17% | 3/12/2026 | 1/2/2031 | 5727 | $5672 | $5727 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelevation LLC | (11) | SF | 4.50% | 8.17% | 1/2/2025 | 1/2/2031 | 13895 | 13725 | 13895 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelevation LLC | (8) | SF | 4.50% | 8.17% | 9/5/2025 | 1/2/2031 | 982 | 973 | 982 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelevation LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.17% | 1/2/2025 | 1/2/2031 | 5232 | 3363 | 3363 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelevation LLC (Revolver) | (19) | SF | 4.50% | 8.17% | 1/2/2025 | 1/2/2031 | 3995 | 1332 | 1332 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquia Inc. | (7) | SF | 5.15% | 8.80% | 11/1/2019 | 11/1/2026 | 15429 | 15429 | 15429 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquia Inc. | (10) | SF | 5.15% | 8.80% | 11/11/2023 | 11/1/2026 | 3092 | 3092 | 3092 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquia Inc. (Revolver) |  | SF | 5.15% | 8.80% | 11/1/2019 | 11/1/2026 | 588 | 588 | 588 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman Opco LP (Delayed Draw) | (19)(20)(21) | SF | 8.11% | 11.78% PIK | 1/2/2024 | 1/2/2027 | 1471 | 386 | 882 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTRS Holdings Inc. | (9)(44) | SF | 5.50% | 9.20% | 2/24/2025 | 12/15/2028 | 26398 | 26345 | 26398 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTRS Holdings Inc. (Revolver) | (19) | SF | 5.50% | 9.20% | 2/24/2025 | 12/15/2028 | 4510 | 3544 | 3544 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cardinal Parent, Inc | (34) | SF | 4.65% | 8.35% | 4/1/2025 | 11/12/2027 | 7516 | 7427 | 7009 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catalyst Data Holdings, Inc. | (10)(44) | SF | 4.75% | 8.41% | 12/20/2024 | 12/20/2030 | 16500 | 16299 | 16500 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catalyst Data Holdings, Inc. (Delayed Draw) | (19)(20) | SF | 4.75% | 8.40% | 12/20/2024 | 12/20/2030 | 9899 | 4456 | 4456 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catalyst Data Holdings, Inc. (Delayed Draw) | (19)(20) | SF | 4.75% | 8.42% | 12/20/2024 | 12/20/2030 | 9900 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catalyst Data Holdings, Inc. (Delayed Draw) | (19)(20) | SF | 4.75% | 8.41% | 12/20/2024 | 12/20/2030 | 758 | 474 | 474 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catalyst Data Holdings, Inc. (Revolver) | (19) | SF | 4.75% | 8.42% | 12/20/2024 | 12/20/2030 | 3300 | 2046 | 2046 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloud for Good, LLC | (8)(10) | SF | 4.50% | 8.20% | 3/21/2025 | 3/21/2031 | 17325 | 17138 | 17325 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloud for Good, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.20% | 3/21/2025 | 3/21/2031 | 12500 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloud for Good, LLC (Revolver) | (19) | SF | 4.50% | 8.20% | 3/21/2025 | 3/21/2031 | 4000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Douglas Holdings, Inc. | (9)(44) | SF | 6.50% | 9.45% Cash/ 0.75% PIK | 8/27/2024 | 8/27/2030 | 24912 | 24620 | 24912 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Douglas Holdings, Inc. | (6) | SF | 6.50% | 9.45% Cash/ 0.75% PIK | 8/27/2024 | 8/27/2030 | 5416 | 5416 | 5416 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Douglas Holdings, Inc. (Delayed Draw) | (19)(20) | SF | 6.50% | 9.45% Cash/ 0.75% PIK | 8/27/2024 | 8/27/2026 | 3076 | 3048 | 3048 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Douglas Holdings, Inc. (Revolver) | (19) | SF | 5.75% | 9.45% | 8/27/2024 | 8/27/2030 | 2166 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Drawbridge Partners, LLC | (7) | SF | 5.50% | 9.17% | 9/1/2022 | 9/1/2028 | 15000 | 14856 | 14993 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Drawbridge Partners, LLC (Delayed Draw) | (19)(20) | SF | 5.50% | 9.17% | 9/1/2022 | 9/1/2028 | 4370 | 3974 | 3972 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Drawbridge Partners, LLC (Revolver) | (19) | SF | 5.50% | 9.17% | 9/1/2022 | 9/1/2028 | 2609 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Einstein Parent, INC. | (10)(44) | SF | 5.25% | 8.92% | 3/26/2025 | 1/22/2031 | 36133 | 35530 | 35772 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Einstein Parent, INC. (Revolver) | (19) | SF | 5.25% | 8.92% | 1/22/2025 | 1/22/2031 | 3738 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortra, LLC | (34)(44) | SF | 6.10% | 9.76% | 3/12/2026 | 5/19/2029 | 4751 | 4715 | 4108 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freedom U.S. Acquisition Corporation | (8)(9)(10)(27)(44) | SF | 5.75% | 9.41% | 9/27/2024 | 9/27/2030 | 50490 | 49799 | 49061 | 1.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freedom U.S. Acquisition Corporation (Revolver) | (19) | SF | 5.75% | 9.41% | 9/27/2024 | 9/27/2030 | 5100 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fueled Digital Media, LLC |  | SF | 7.61% | 10.28% Cash/ 1.00% PIK | 11/1/2022 | 11/1/2027 | 5657 | 5607 | 5169 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fueled Digital Media, LLC |  | SF | 7.61% | 10.28% Cash/ 1.00% PIK | 11/1/2022 | 11/1/2027 | 498 | 498 | 455 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fueled Digital Media, LLC (Revolver) | (19) | SF | 7.61% | 11.28% | 11/1/2022 | 11/1/2027 | 807 | 726 | 663 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gainsight, Inc. | (8)(34)(44) | SF | 5.65% | 9.32% | 4/1/2025 | 7/30/2027 | 27135 | 27053 | 27067 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hostaway Midco Oy | (6)(12)(37) | SF | 5.25% | 8.91% | 2/26/2025 | 2/26/2031 | 25000 | 24686 | 25000 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hostaway Midco Oy (Delayed Draw) | (12)(19)(20)(37) | SF | 5.25% | 8.91% | 2/26/2025 | 2/26/2031 | 5000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hostaway Midco Oy (Revolver) | (12)(19)(37) | SF | 5.25% | 8.91% | 2/26/2025 | 2/26/2031 | 4167 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jobnimbus Holdings, LLC | (9)(27)(44) | SF | 5.25% | 8.92% | 12/12/2024 | 11/6/2030 | 32000 | 31619 | 32000 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jobnimbus Holdings, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.92% | 11/6/2024 | 11/6/2030 | 7111 |  |  | 0.0% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jobnimbus Holdings, LLC (Revolver) | (19) | SF | 5.25% | 8.92% | 11/6/2024 | 11/6/2030 | 5333 | $— | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Matterhorn Finco, Inc. | (12) | SF | 5.50% | 9.20% | 3/5/2026 | 3/5/2033 | 4333 | 4290 | 4290 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Matterhorn Finco, Inc. (Revolver) | (12)(19) | SF | 5.50% | 9.20% | 3/5/2026 | 3/5/2033 | 667 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medallia, Inc. | (7)(21) | SF | 6.10% | 5.70% Cash/ 4.00% PIK | 8/15/2022 | 10/27/2028 | 12698 | 12517 | 8241 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mission Critical Group, LLC | (8) | SF | 5.50% | 9.17% | 6/18/2025 | 4/17/2030 | 6952 | 6892 | 6952 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mission Critical Group, LLC (Delayed Draw) | (19)(20) | SF | 5.50% | 9.17% | 6/18/2025 | 4/17/2030 | 2902 | 1546 | 1546 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mission Critical Group, LLC (Revolver) | (19) | SF | 5.50% | 9.17% | 6/18/2025 | 4/17/2030 | 1211 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nasuni Corporation | (9)(44) | SF | 5.00% | 8.70% | 9/10/2024 | 9/10/2030 | 15000 | 14828 | 15060 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nasuni Corporation | (11) | SF | 5.00% | 8.70% | 3/11/2026 | 9/10/2030 | 7813 | 7743 | 7844 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nasuni Corporation (Revolver) | (19) | SF | 5.00% | 8.70% | 9/10/2024 | 9/10/2030 | 3125 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Optomi, LLC | (6)(8)(9) | SF | 5.15% | 8.81% | 12/13/2022 | 12/16/2027 | 5498 | 5434 | 5498 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Optomi, LLC | (7)(9) | SF | 5.15% | 8.81% | 12/16/2021 | 12/16/2027 | 12960 | 12875 | 12960 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Optomi, LLC (Revolver) | (19) | SF | 5.15% | 8.84% | 12/16/2021 | 12/16/2027 | 3189 | 1807 | 1807 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reorganized Mobileum AcquisitionCo, LLC | (21) | SF | 6.00% | 4.67% Cash/ 5.00% PIK | 1/13/2025 | 9/12/2029 | 904 | 828 | 891 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rocket Software, Inc. |  | SF | 3.75% | 7.42% | 2/26/2026 | 11/28/2028 | 4987 | 4703 | 4795 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securly, Inc. | (7) | SF | 7.10% | 10.77% | 4/20/2022 | 4/22/2027 | 3702 | 3683 | 3665 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securly, Inc. | (7) | SF | 7.10% | 10.80% | 4/22/2021 | 4/22/2027 | 8400 | 8362 | 8316 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securly, Inc. | (7) | SF | 7.10% | 10.77% | 4/22/2021 | 4/22/2027 | 1938 | 1938 | 1919 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securly, Inc. | (9) | SF | 7.10% | 10.77% | 4/20/2022 | 4/22/2027 | 2488 | 2488 | 2463 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securly, Inc. | (9) | SF | 7.10% | 10.77% | 2/24/2025 | 4/22/2027 | 457 | 452 | 452 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securly, Inc. (Revolver) |  | SF | 7.10% | 10.80% | 4/22/2021 | 4/22/2027 | 1615 | 1615 | 1599 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signiant Inc. | (11)(44) | SF | 5.25% | 8.91% | 12/23/2024 | 12/23/2030 | 14925 | 14744 | 14776 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signiant Inc. | (8) | SF | 5.25% | 8.92% | 12/23/2024 | 12/23/2030 | 2993 | 2993 | 2963 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signiant Inc. (Revolver) | (19) | SF | 5.25% | 8.92% | 12/23/2024 | 12/23/2030 | 1875 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sparq Holdings, Inc. | (7) | SF | 6.25% | 5.60% Cash/ 4.25% PIK | 6/16/2023 | 6/15/2029 | 2002 | 1966 | 1803 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sparq Holdings, Inc. |  | SF | 6.25% | 5.70% Cash/ 4.25% PIK | 6/27/2024 | 6/25/2029 | 439 | 436 | 395 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sparq Holdings, Inc. |  | SF | 6.25% | 5.70% Cash/ 4.25% PIK | 6/16/2023 | 6/15/2029 | 448 | 448 | 404 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sparq Holdings, Inc. (Revolver) | (19) | SF | 5.75% | 9.45% | 6/16/2023 | 6/15/2029 | 409 | 232 | 207 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tiugo Group Holdings Corp | (10)(11)(27)(44) | SF | 5.25% | 8.91% | 3/28/2025 | 3/28/2031 | 65892 | 65033 | 65892 | 2.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tiugo Group Holdings Corp (Delayed Draw) | (19)(20) | SF | 5.25% | 8.91% | 3/28/2025 | 3/28/2031 | 13178 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tiugo Group Holdings Corp (Revolver) | (19) | SF | 5.25% | 8.91% | 3/28/2025 | 3/28/2031 | 6589 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unanet, Inc. | (7)(9) | SF | 5.25% | 8.91% | 12/9/2022 | 12/9/2030 | 22000 | 21775 | 22000 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unanet, Inc. (Delayed Draw) | (19)(20) | SF | 5.25% | 8.91% | 12/9/2022 | 12/9/2030 | 6947 | 4956 | 4956 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unanet, Inc. (Delayed Draw) | (19)(20) | SF | 5.25% | 8.91% | 11/25/2024 | 12/9/2030 | 1350 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unanet, Inc. (Revolver) | (19) | SF | 5.25% | 8.91% | 12/9/2022 | 12/9/2030 | 4316 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Varicent Intermediate Holdings Corporation | (12)(36) | SF | 6.00% | 6.45% Cash/ 3.25% PIK | 10/15/2025 | 8/22/2031 | 12933 | 12825 | 12993 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Varicent Intermediate Holdings Corporation | (6)(12)(36) | SF | 6.00% | 6.45% Cash/ 3.25% PIK | 8/23/2024 | 8/22/2031 | 29003 | 28693 | 29138 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Varicent Intermediate Holdings Corporation (Delayed Draw) | (12)(19)(20)(36) | SF | 6.00% | 6.45% Cash/ 3.25% PIK | 10/15/2025 | 8/22/2031 | 2826 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Varicent Intermediate Holdings Corporation (Delayed Draw) | (12)(19)(20)(36) | SF | 6.00% | 6.45% Cash/ 3.25% PIK | 8/23/2024 | 8/22/2031 | 3360 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Varicent Intermediate Holdings Corporation (Revolver) | (12)(19)(36) | n/a | n/a | 5.50% | 8/23/2024 | 8/22/2031 | 5776 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Velociti, LLC | (9)(11) | SF | 5.50% | 9.17% | 1/13/2025 | 1/10/2030 | 11910 | 11699 | 11910 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Velociti, LLC | (8) | SF | 5.50% | 9.17% | 9/5/2025 | 1/13/2030 | 4284 | 4228 | 4284 | 0.2% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Velociti, LLC (Revolver) | (19) | SF | 5.50% | 9.17% | 1/13/2025 | 1/10/2030 | 3790 | $— | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Watchguard Technologies, Inc. | (8)(44) | SF | 5.25% | 8.92% | 8/17/2022 | 6/29/2029 | 5448 | 5602 | 5012 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZI Intermediate II, Inc. | (6)(11)(27)(44) | SF | 5.25% | 8.92% | 5/13/2024 | 11/14/2031 | 82250 | 81037 | 82415 | 3.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZI Intermediate II, Inc. (Revolver) | (19) | SF | 5.25% | 8.92% | 11/14/2025 | 11/14/2031 | 6958 |  |  | 0.0% |
|  |  |  |  |  |  |  | 846226 | 703104 | 702124 | 25.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Advertising, Printing & Publishing** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95 Percent Buyer, LLC | (7)(8)(9) | SF | 5.60% | 9.27% | 11/24/2021 | 11/24/2026 | 15581 | 15537 | 15581 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95 Percent Buyer, LLC (Revolver) | (19) | SF | 5.60% | 9.27% | 11/24/2021 | 11/24/2026 | 809 | 323 | 323 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calienger Holdings, L.L.C. | (8) | SF | 6.10% | 9.77% | 10/21/2022 | 10/20/2028 | 4850 | 4790 | 4850 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calienger Holdings, L.L.C. | (11)(27) | SF | 6.10% | 9.77% | 11/20/2025 | 10/20/2028 | 16943 | 16586 | 16943 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calienger Holdings, L.L.C. (Delayed Draw) | (19)(20) | SF | 6.10% | 9.77% | 11/20/2025 | 10/20/2028 | 2831 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calienger Holdings, L.L.C. (Revolver) | (19) | SF | 6.10% | 9.77% | 10/21/2022 | 10/20/2028 | 909 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CE Intermediate, LLC | (6)(7)(9)(10) | SF | 5.60% | 9.30% | 10/11/2022 | 7/1/2027 | 35224 | 35017 | 34520 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EverService Midco, LLC | (6)(8)(10)(11)(44) | SF | 5.25% | 8.92% | 8/28/2024 | 6/28/2030 | 38826 | 38238 | 36885 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EverService Midco, LLC (Revolver) | (19) | SF | 5.25% | 8.92% | 6/28/2024 | 6/28/2030 | 8919 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EverView AcquisitionCo, Inc. | (9)(44) | SF | 5.00% | 8.67% | 9/3/2025 | 9/3/2031 | 20750 | 20564 | 20750 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EverView AcquisitionCo, Inc. (Delayed Draw) | (19)(20) | SF | 5.00% | 8.67% | 9/3/2025 | 9/3/2031 | 6385 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EverView AcquisitionCo, Inc. (Revolver) | (19) | SF | 5.00% | 8.67% | 9/3/2025 | 9/3/2031 | 4788 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gas Media Holdings, LLC | (8)(10)(27) | SF | 5.00% | 8.66% | 4/17/2025 | 4/17/2031 | 56574 | 55825 | 54570 | 2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gas Media Holdings, LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.66% | 4/17/2025 | 4/17/2031 | 12214 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gas Media Holdings, LLC (Revolver) | (19) | SF | 5.00% | 8.66% | 4/17/2025 | 4/17/2031 | 5302 | 265 | 256 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Madison Logic Holdings, Inc. | (6) | SF | 7.50% | 8.80% Cash/ 2.37% PIK | 12/30/2022 | 12/30/2028 | 14060 | 13841 | 12539 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Madison Logic Holdings, Inc. (Revolver) | (19) | SF | 7.50% | 8.80% Cash/ 2.37% PIK | 12/30/2022 | 12/30/2027 | 635 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Narrative Strategies Acquisition, LLC | (8)(27) | SF | 4.75% | 8.42% | 9/19/2025 | 7/1/2030 | 7761 | 7658 | 7761 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Narrative Strategies Acquisition, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.42% | 7/1/2025 | 7/1/2030 | 3634 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Narrative Strategies Acquisition, LLC (Revolver) | (19) | SF | 4.75% | 8.42% | 7/1/2025 | 7/1/2030 | 1211 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OWL Acquisition, LLC | (6) | SF | 4.75% | 8.42% | 4/17/2025 | 4/17/2032 | 17163 | 16970 | 16143 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OWL Acquisition, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.40% | 4/17/2025 | 4/17/2032 | 1569 | 286 | 269 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OWL Acquisition, LLC (Revolver) | (19) | SF | 4.75% | 8.45% | 4/17/2025 | 4/17/2032 | 3403 | 654 | 616 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Really Great Reading Company, Inc. | (8)(9) | SF | 6.10% | 9.76% | 12/9/2022 | 12/9/2028 | 11640 | 11488 | 11174 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Really Great Reading Company, Inc. (Revolver) | (19) | SF | 6.10% | 9.76% | 12/9/2022 | 12/8/2028 | 3200 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevant Industrial, LLC | (8) | SF | 4.50% | 8.20% | 5/16/2025 | 5/16/2031 | 17369 | 17172 | 17369 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevant Industrial, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.21% | 5/16/2025 | 5/16/2031 | 7607 | 416 | 416 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevant Industrial, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.20% | 5/16/2025 | 5/16/2031 | 3804 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevant Industrial, LLC (Revolver) | (19) | P | 3.50% | 10.25% | 5/16/2025 | 5/16/2031 | 3043 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC | (6) | SF | 5.85% | 9.52% | 9/9/2024 | 12/31/2026 | 1097 | 1091 | 1108 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC | (7)(9) | SF | 5.85% | 9.52% | 11/20/2020 | 12/31/2026 | 1894 | 1894 | 1894 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC | (8)(9) | SF | 5.85% | 9.52% | 3/28/2022 | 12/31/2026 | 5049 | 5049 | 5049 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC | (8) | SF | 5.85% | 9.52% | 11/20/2020 | 12/31/2026 | 847 | 847 | 847 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC (Revolver) | (19) | SF | 5.85% | 9.52% | 11/20/2020 | 12/31/2026 | 789 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SHOOK Research, LLC | (8)(9) | SF | 4.75% | 8.42% | 9/19/2025 | 7/31/2030 | 11443 | 11288 | 11557 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SHOOK Research, LLC (Revolver) | (19) | SF | 4.75% | 8.42% | 7/31/2025 | 7/31/2030 | 2875 |  |  | 0.0% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Touchmath Acquisition LLC | (11) | SF | 5.75% | 9.42% | 2/28/2024 | 2/28/2030 | 9825 | $9687 | $9237 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Touchmath Acquisition LLC (Revolver) | (19) | SF | 5.75% | 9.42% | 2/28/2024 | 2/28/2030 | 1429 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XanEdu Publishing, Inc. | (7)(8) | SF | 6.00% | 9.67% | 1/28/2020 | 1/28/2027 | 5536 | 5536 | 5522 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XanEdu Publishing, Inc. | (8) | SF | 6.00% | 9.67% | 8/31/2022 | 1/28/2027 | 2200 | 2200 | 2195 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XanEdu Publishing, Inc. (Revolver) | (19) | SF | 6.00% | 9.67% | 1/28/2020 | 1/28/2027 | 977 |  |  | 0.0% |
|  |  |  |  |  |  |  | 370965 | 293222 | 288374 | 10.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Broadcasting & Subscription** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21) | SF | 8.26% | 11.91% PIK | 2/15/2024 | 1/31/2028 | 246 | 246 | 460 | 0.0% |
|  |  |  |  |  |  |  | 246 | 246 | 460 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Diversified & Production** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attom Intermediate Holdco, LLC | (8)(9)(10) | SF | 6.36% | 10.03% | 4/8/2025 | 12/4/2027 | 32670 | 32670 | 32441 | 1.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attom Intermediate Holdco, LLC (Delayed Draw) | (19)(20) | SF | 6.36% | 10.03% | 4/8/2025 | 12/4/2027 | 15277 | 182 | 181 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attom Intermediate Holdco, LLC (Revolver) | (19) | SF | 6.36% | 10.03% | 4/8/2025 | 12/4/2027 | 3972 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chess.com, LLC | (7)(8) | SF | 6.10% | 9.80% | 12/31/2021 | 12/31/2027 | 9977 | 9910 | 9978 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chess.com, LLC (Revolver) | (19) | SF | 6.10% | 9.80% | 12/31/2021 | 12/31/2027 | 1413 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crownpeak Technology, Inc. | (7)(9) | SF | 5.50% | 9.16% | 2/13/2026 | 12/31/2026 | 1644 | 1644 | 1634 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research Now Group, Inc. and Survey Sampling International, LLC |  | SF | 5.26% | 8.91% | 7/15/2024 | 7/15/2028 | 549 | 517 | 542 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sports Operating Holdings II, LLC | (6) | SF | 6.10% | 9.77% | 11/3/2022 | 11/3/2027 | 4825 | 4780 | 4813 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sports Operating Holdings II, LLC | (8) | SF | 6.10% | 9.77% | 11/3/2022 | 11/3/2027 | 3935 | 3935 | 3926 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sports Operating Holdings II, LLC (Revolver) | (19) | SF | 6.10% | 9.77% | 11/3/2022 | 11/3/2027 | 1731 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STATS Intermediate Holdings, LLC |  | SF | 5.51% | 9.17% | 3/26/2024 | 7/10/2026 | 14120 | 14105 | 14032 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Streamland Media MidCo LLC (Delayed Draw) | (19)(20)(21) | SF | 4.76% | 8.46% | 9/11/2025 | 3/30/2029 | 194 | 150 | 151 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Touchtunes Music Group, LLC |  | SF | 4.75% | 8.45% | 6/30/2025 | 3/30/2029 | 4719 | 4675 | 4538 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USLIVE OPCO, INC. | (6) | SF | 5.25% | 8.92% | 7/2/2025 | 7/2/2030 | 9938 | 9762 | 9942 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USLIVE OPCO, INC. (Revolver) | (19) | SF | 5.25% | 8.92% | 7/2/2025 | 7/2/2030 | 2105 |  |  | 0.0% |
|  |  |  |  |  |  |  | 107069 | 82330 | 82178 | 3.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Retail** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rita's Franchise Company, LLC | (11) | SF | 4.75% | 8.42% | 12/9/2024 | 11/15/2030 | 14566 | 14423 | 14580 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rita's Franchise Company, LLC (Revolver) | (19) | SF | 4.75% | 8.46% | 11/15/2024 | 11/15/2030 | 1799 | 396 | 396 | 0.0% |
|  |  |  |  |  |  |  | 16365 | 14819 | 14976 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Business** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A360, Inc. | (11) | SF | 5.25% | 8.91% | 12/19/2024 | 12/19/2030 | 10395 | 10269 | 10395 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A360, Inc. (Delayed Draw) | (19)(20) | SF | 5.25% | 8.92% | 12/19/2024 | 12/19/2030 | 4437 | 444 | 444 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A360, Inc. (Revolver) | (19) | SF | 5.25% | 8.91% | 12/19/2024 | 12/19/2030 | 2218 | 103 | 103 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelya US Inc. | (12)(40) | SF | 5.25% | 8.95% | 9/29/2025 | 10/1/2032 | 8379 | 8221 | 7719 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aligned Exteriors Group Holdco, LLC | (11) | SF | 5.25% | 8.95% | 12/13/2024 | 12/13/2029 | 13825 | 13641 | 13735 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aligned Exteriors Group Holdco, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.95% | 12/13/2024 | 12/13/2029 | 10000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aligned Exteriors Group Holdco, LLC (Revolver) | (19) | SF | 5.25% | 8.95% | 12/13/2024 | 12/13/2029 | 1667 | 833 | 828 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC | (27)(44) | SF | 5.25% | 8.95% | 2/21/2025 | 6/30/2030 | 20499 | 20252 | 20605 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC | (27) | SF | 5.25% | 8.95% | 2/21/2025 | 6/30/2030 | 5698 | 5630 | 5727 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC | (27) | SF | 5.25% | 8.95% | 12/31/2024 | 6/30/2030 | 4042 | 4042 | 4063 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC | (8) | SF | 5.25% | 8.95% | 9/8/2025 | 6/30/2030 | 2510 | 2477 | 2523 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC | (8) | SF | 5.25% | 8.95% | 10/31/2025 | 6/30/2030 | 2574 | 2545 | 2587 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.95% | 10/31/2025 | 6/30/2030 | 4311 |  |  | 0.0% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.95% | 7/3/2025 | 6/30/2030 | 4295 | $3035 | $3051 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC (Revolver) | (19) | SF | 5.25% | 8.95% | 12/31/2024 | 12/8/2029 | 1642 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aras Corporation | (6)(9) | SF | 5.00% | 8.70% | 4/13/2021 | 4/13/2029 | 5233 | 5216 | 5233 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aras Corporation (Revolver) | (19) | SF | 5.00% | 8.70% | 4/13/2021 | 4/13/2029 | 726 | 218 | 218 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASG III, LLC | (9)(44) | SF | 6.50% | 10.17% | 10/31/2023 | 10/31/2029 | 7484 | 7359 | 7484 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASG III, LLC | (27)(44) | SF | 6.50% | 10.17% | 10/31/2023 | 10/31/2029 | 3151 | 3151 | 3151 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASG III, LLC (Delayed Draw) | (19)(20) | SF | 6.25% | 9.92% | 8/30/2024 | 10/31/2029 | 18078 | 6134 | 6134 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASG III, LLC (Revolver) | (19) | SF | 6.50% | 10.17% | 10/31/2023 | 10/31/2029 | 3158 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Reliability Bidco, Inc. | (12)(22) | CA | 5.25% | 7.52% | 12/1/2025 | 12/1/2031 | 11230 | 11057 | 11230 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Reliability Bidco, Inc. | (10) | SF | 5.25% | 8.92% | 12/1/2025 | 12/1/2031 | 20350 | 20160 | 20350 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Reliability Bidco, Inc. (Delayed Draw) | (19)(20) | SF | 5.25% | 8.92% | 12/1/2025 | 12/1/2031 | 7454 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Reliability Bidco, Inc. (Revolver) | (19) | SF | 5.25% | 8.92% | 12/1/2025 | 12/1/2031 | 2982 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bloomerang, LLC | (6)(9)(11)(44) | SF | 5.50% | 6.20% Cash/ 3.00% PIK | 1/6/2026 | 12/27/2029 | 17890 | 17669 | 17695 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bloomerang, LLC | (6) | SF | 5.50% | 6.20% Cash/ 3.00% PIK | 2/9/2026 | 12/27/2029 | 5967 | 5912 | 5902 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bloomerang, LLC (Delayed Draw) | (19)(20) | SF | 5.50% | 6.20% Cash/ 3.00% PIK | 12/27/2023 | 12/27/2029 | 3200 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bloomerang, LLC (Revolver) | (19) | SF | 5.50% | 6.20% Cash/ 3.00% PIK | 12/27/2023 | 12/27/2029 | 3200 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buck Design LLC | (10) | SF | 4.75% | 8.42% | 6/11/2025 | 6/2/2031 | 9975 | 9888 | 9975 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buck Design LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.42% | 6/2/2025 | 6/2/2031 | 7843 | 3529 | 3529 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buck Design LLC (Revolver) | (19) | SF | 4.75% | 8.42% | 6/2/2025 | 6/2/2031 | 3922 | 1292 | 1292 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cdata Software, Inc. | (7)(9)(11)(44) | SF | 5.75% | 9.45% | 7/18/2024 | 7/18/2030 | 45950 | 45327 | 45950 | 1.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cdata Software, Inc. (Delayed Draw) | (19)(20) | SF | 5.75% | 9.45% | 7/18/2024 | 7/18/2030 | 4255 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cdata Software, Inc. (Delayed Draw) | (19)(20) | SF | 5.75% | 9.45% | 7/18/2024 | 7/18/2030 | 5956 | 2340 | 2340 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cdata Software, Inc. (Revolver) | (19) | SF | 5.75% | 9.45% | 7/18/2024 | 7/18/2030 | 5106 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearCapital Holdings, LLC | (6)(8) | SF | 5.00% | 8.70% | 8/6/2025 | 6/30/2032 | 7206 | 7123 | 7186 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearCapital Holdings, LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.70% | 7/2/2025 | 6/30/2032 | 3431 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearCapital Holdings, LLC (Revolver) | (19) | SF | 5.00% | 8.70% | 7/2/2025 | 6/30/2032 | 1620 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. | (7)(9)(11) | SF | 6.25% | 9.87% | 9/15/2023 | 9/14/2029 | 36000 | 35424 | 36216 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. | (27)(44) | SF | 6.25% | 9.87% | 9/15/2023 | 9/14/2029 | 6750 | 6750 | 6791 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. | (44) | SF | 6.25% | 9.87% | 3/28/2025 | 9/14/2029 | 18827 | 18676 | 18940 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. (Delayed Draw) | (19)(20) | SF | 6.25% | 9.89% | 3/28/2025 | 9/14/2029 | 5379 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. | (11) | SF | 6.25% | 9.87% | 5/17/2024 | 9/14/2029 | 4114 | 4114 | 4139 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. (Revolver) | (19) | SF | 6.25% | 9.89% | 9/15/2023 | 9/14/2029 | 5625 | 1350 | 1350 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-Discovery Acquireco, LLC | (9) | SF | 6.25% | 9.92% | 8/29/2023 | 8/29/2029 | 19950 | 19623 | 20138 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-Discovery Acquireco, LLC |  | SF | 5.50% | 9.17% | 5/3/2024 | 8/29/2029 | 3265 | 3241 | 3254 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-Discovery Acquireco, LLC (Revolver) | (19) | SF | 6.25% | 9.92% | 8/29/2023 | 8/29/2029 | 2727 | 1455 | 1455 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. | (7)(12)(36) | SF | 6.85% | 10.55% | 9/21/2021 | 12/29/2028 | 13576 | 13505 | 13508 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. | (7)(12)(36) | SF | 6.85% | 10.55% | 9/21/2021 | 12/29/2028 | 1056 | 1056 | 1050 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. | (12)(36) | SF | 6.85% | 10.55% | 3/28/2024 | 12/29/2028 | 2222 | 2222 | 2211 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. | (12)(36) | SF | 6.85% | 10.55% | 5/4/2023 | 12/29/2028 | 1687 | 1687 | 1679 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. | (12)(36) | SF | 6.85% | 10.55% | 5/12/2025 | 12/29/2028 | 1922 | 1922 | 1912 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. (Delayed Draw) | (12)(19)(20)(36) | SF | 6.75% | 10.45% | 3/31/2026 | 12/29/2028 | 1571 | 268 | 266 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. (Revolver) | (12)(19)(36) | SF | 6.85% | 10.55% | 9/21/2021 | 12/29/2028 | 2067 |  |  | 0.0% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecotrak, LLC | (44) | SF | 6.00% | 9.67% | 9/11/2025 | 9/11/2030 | 7547 | $7411 | $7547 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecotrak, LLC (Delayed Draw) | (19)(20) | SF | 6.00% | 9.67% | 9/11/2025 | 9/11/2030 | 268 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecotrak, LLC (Revolver) | (19) | SF | 6.00% | 9.67% | 9/11/2025 | 9/11/2030 | 1132 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edustaff, LLC | (6)(9) | SF | 4.75% | 8.42% | 12/8/2022 | 12/8/2027 | 10844 | 10727 | 10844 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edustaff, LLC | (8) | SF | 4.75% | 8.42% | 1/30/2026 | 12/18/2027 | 1857 | 1844 | 1857 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edustaff, LLC (Revolver) | (19) | SF | 4.75% | 8.42% | 12/8/2022 | 12/8/2027 | 2364 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hart Halsey, LLC | (8) | SF | 5.75% | 8.41% Cash/ 1.00% PIK | 6/25/2025 | 6/25/2031 | 7500 | 7432 | 7500 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hart Halsey, LLC (Delayed Draw) | (19)(20) | SF | 5.75% | 8.41% Cash/ 1.00% PIK | 6/25/2025 | 6/25/2031 | 7500 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hart Halsey, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.61% | 6/25/2025 | 6/25/2031 | 5100 | 501 | 501 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hart Halsey, LLC (Revolver) | (19) | SF | 5.75% | 8.41% Cash/ 1.00% PIK | 6/25/2025 | 6/25/2031 | 2250 | 1200 | 1200 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huckabee Acquisition, LLC | (6)(8)(10)(44) | SF | 5.25% | 8.95% | 1/16/2024 | 1/16/2030 | 29400 | 28987 | 29400 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huckabee Acquisition, LLC (Revolver) | (19) | SF | 5.25% | 8.95% | 1/16/2024 | 1/16/2030 | 3913 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iCIMS, Inc. | (7) | SF | 6.25% | 9.92% | 10/24/2022 | 8/18/2028 | 8000 | 7932 | 7720 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inmar, Inc. | (34) | SF | 4.50% | 8.20% | 12/31/2025 | 5/1/2026 | 4930 | 4942 | 4748 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC | (6)(8)(10) | SF | 5.50% | 9.20% | 12/27/2023 | 12/27/2029 | 14663 | 14463 | 14685 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC | (11)(44) | SF | 5.50% | 9.17% | 12/9/2024 | 12/27/2029 | 7082 | 7001 | 7093 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC | (8) | SF | 5.50% | 9.17% | 12/27/2023 | 12/27/2029 | 8172 | 8172 | 8184 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC | (6)(8) | SF | 5.50% | 9.17% | 11/19/2024 | 12/27/2029 | 12335 | 12335 | 12353 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC | (27) | SF | 5.50% | 9.17% | 12/10/2025 | 12/27/2029 | 10855 | 10704 | 10871 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC (Delayed Draw) | (19)(20) | SF | 5.50% | 9.20% | 12/10/2025 | 12/27/2029 | 12397 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC (Revolver) | (19) | SF | 5.50% | 9.20% | 12/27/2023 | 12/27/2029 | 3125 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JDX Studio, LLC | (11) | SF | 5.00% | 8.67% | 12/9/2024 | 11/13/2030 | 9875 | 9736 | 9974 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JDX Studio, LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.67% | 11/14/2024 | 11/13/2030 | 799 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JDX Studio, LLC (Revolver) | (19) | SF | 5.00% | 8.67% | 11/14/2024 | 11/13/2030 | 2398 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K2 Services Venture LLC | (8)(10)(11)(27) | SF | 5.25% | 8.92% | 11/4/2025 | 9/5/2031 | 54659 | 54019 | 55009 | 2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K2 Services Venture LLC | (8)(10) | SF | 5.25% | 8.92% | 9/5/2025 | 9/5/2031 | 13367 | 13215 | 13452 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K2 Services Venture LLC (Revolver) | (19) | SF | 5.25% | 8.92% | 9/5/2025 | 9/5/2031 | 7976 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingsley Gate Partners, LLC | (6) | SF | 6.65% | 10.31% | 12/9/2022 | 12/11/2028 | 2910 | 2880 | 2910 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingsley Gate Partners, LLC | (8) | SF | 6.65% | 10.31% | 12/9/2022 | 12/11/2028 | 934 | 934 | 934 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingsley Gate Partners, LLC | (6) | SF | 6.65% | 10.31% | 12/9/2022 | 12/11/2028 | 1351 | 1351 | 1351 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingsley Gate Partners, LLC (Revolver) |  | SF | 6.65% | 10.31% | 12/9/2022 | 12/11/2028 | 1200 | 1200 | 1200 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Milrose Consultants, LLC | (6)(8)(10)(44) | SF | 6.65% | 10.32% | 8/31/2023 | 8/31/2028 | 43875 | 43243 | 44138 | 1.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Milrose Consultants, LLC | (27) | SF | 6.60% | 10.27% | 10/25/2024 | 8/31/2028 | 1583 | 1576 | 1593 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Milrose Consultants, LLC | (27) | SF | 6.60% | 10.27% | 12/2/2024 | 8/31/2028 | 3522 | 3474 | 3543 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Milrose Consultants, LLC | (8)(10) | SF | 6.60% | 10.27% | 8/18/2025 | 8/31/2028 | 9172 | 9061 | 9227 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Milrose Consultants, LLC | (8) | SF | 6.60% | 10.27% | 9/5/2025 | 8/31/2028 | 4187 | 4187 | 4212 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Milrose Consultants, LLC (Revolver) | (19) | SF | 6.60% | 10.27% | 8/31/2023 | 8/31/2028 | 2308 | 1154 | 1154 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MYOB US Borrower, LLC | (12)(25)(35) | BB | 5.25% | 7.65% Cash/ 1.67% PIK | 6/6/2025 | 5/29/2030 | 28208 | 26226 | 27785 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talent Systems, LLC | (6) | SF | 5.75% | 9.45% | 9/30/2022 | 8/4/2028 | 6528 | 6470 | 6528 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talent Systems, LLC (Revolver) | (19) | SF | 5.75% | 9.45% | 9/30/2022 | 8/4/2028 | 933 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NFM & J, L.P. | (6)(7)(9) | SF | 5.85% | 9.48% | 11/15/2023 | 11/30/2028 | 13012 | 12902 | 12986 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NFM & J, L.P. |  | SF | 5.85% | 9.52% | 11/15/2023 | 11/30/2028 | 816 | 816 | 815 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NFM & J, L.P. (Revolver) | (19) | P | 4.75% | 11.50% | 11/15/2023 | 11/30/2028 | 5273 | 2285 | 2282 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northeast Contracting Company, LLC |  | SF | 6.26% | 9.93% | 8/16/2024 | 8/16/2029 | 7388 | 7273 | 7402 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northeast Contracting Company, LLC (Revolver) | (19) | SF | 6.43% | 10.13% | 8/16/2024 | 8/16/2029 | 1591 | 341 | 341 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Onix Networking Corp. | (8) | SF | 5.25% | 8.95% | 5/9/2025 | 10/2/2029 | 4466 | 4466 | 4466 | 0.2% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Onix Networking Corp. | (6)(8) | SF | 5.25% | 8.95% | 10/2/2023 | 10/2/2029 | 14663 | $14468 | $14663 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Onix Networking Corp. (Revolver) | (19) | SF | 5.25% | 8.95% | 10/2/2023 | 10/2/2029 | 5000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPOC Acquisition, LLC | (11) | SF | 4.75% | 8.41% | 12/20/2024 | 12/20/2030 | 12870 | 12715 | 12960 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPOC Acquisition, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.41% | 12/20/2024 | 12/20/2030 | 3009 | 361 | 364 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPOC Acquisition, LLC (Revolver) | (19) | SF | 4.75% | 8.41% | 12/20/2024 | 12/20/2030 | 1204 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. | (44) | SF | 6.50% | 10.16% | 4/9/2024 | 4/9/2030 | 16369 | 16129 | 16369 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. | (12)(23) | SF | 6.00% | 9.66% | 4/9/2024 | 4/9/2030 | 35713 | 33734 | 35400 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. (Delayed Draw) | (19)(20) | SF | 6.50% | 10.16% | 4/9/2024 | 4/9/2030 | 16833 | 12053 | 12053 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. (Delayed Draw) | (19)(20) | SF | 6.50% | 10.16% | 4/9/2024 | 4/9/2030 | 4195 | 1609 | 1609 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. (Delayed Draw) | (12)(19)(20)(23) | SF | 6.00% | 9.66% | 4/9/2024 | 4/9/2030 | 3505 | 3158 | 3093 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. (Revolver) | (19) | SF | 5.75% | 9.41% | 4/9/2024 | 4/9/2030 | 6733 | 2020 | 2020 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PC Pest Buyer, LLC | (6)(8) | SF | 5.00% | 8.66% | 6/20/2024 | 6/20/2030 | 13825 | 13647 | 13825 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PC Pest Buyer, LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.67% | 6/20/2024 | 6/20/2030 | 41736 | 34678 | 34678 | 1.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PC Pest Buyer, LLC (Revolver) | (19) | SF | 5.00% | 8.67% | 6/20/2024 | 6/20/2030 | 8400 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PRGX Global, Inc. | (8)(11)(44) | SF | 5.50% | 9.16% | 12/20/2024 | 12/20/2030 | 36057 | 35627 | 35066 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PRGX Global, Inc. (Revolver) | (19) | SF | 5.50% | 9.16% | 2/20/2025 | 12/20/2030 | 4345 | 1970 | 1915 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Accelerate Parent, LLC | (8) | SF | 5.25% | 8.92% | 2/22/2024 | 2/22/2031 | 11667 | 11586 | 11667 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Accelerate Parent, LLC (Revolver) | (19) | SF | 5.25% | 8.92% | 2/22/2024 | 2/22/2031 | 3125 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prototek LLC | (21) | SF | 6.10% | 9.77% | 12/8/2022 | 12/8/2027 | 6177 | 5437 | 4373 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prototek LLC (Revolver) | (19)(21) | SF | 6.10% | 9.77% | 12/8/2022 | 12/8/2027 | 921 | 61 | 43 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuit Buyer, LLC |  | SF | 6.25% | 8.95% Cash/ 1.00% PIK | 1/5/2026 | 1/5/2032 | 14500 | 14363 | 14355 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuit Buyer, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.95% | 1/5/2026 | 1/5/2032 | 1615 | 339 | 339 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuit Buyer, LLC (Delayed Draw) | (19)(20) | SF | 6.25% | 8.95% Cash/ 1.00% PIK | 1/5/2026 | 1/5/2032 | 5800 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuit Buyer, LLC (Revolver) | (19) | SF | 6.25% | 8.95% Cash/ 1.00% PIK | 1/5/2026 | 1/5/2032 | 4350 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rampart Exterior Services Buyer, Inc. | (8) | SF | 5.25% | 8.92% | 8/6/2024 | 8/6/2030 | 7388 | 7266 | 7461 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rampart Exterior Services Buyer, Inc. |  | SF | 5.25% | 8.92% | 1/2/2026 | 8/6/2030 | 4988 | 4917 | 5037 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rampart Exterior Services Buyer, Inc. | (8) | SF | 5.25% | 8.92% | 8/6/2024 | 8/6/2030 | 7054 | 7054 | 7124 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rampart Exterior Services Buyer, Inc. | (8) | SF | 5.25% | 8.92% | 3/12/2025 | 8/6/2030 | 5114 | 5026 | 5165 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rampart Exterior Services Buyer, Inc. (Revolver) | (19) | SF | 5.25% | 8.92% | 8/6/2024 | 8/6/2030 | 2679 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Corporation | (8) | SF | 4.50% | 8.16% | 10/31/2025 | 10/31/2031 | 6000 | 5930 | 6000 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Corporation (Delayed Draw) | (19)(20) | SF | 4.50% | 8.16% | 10/31/2025 | 10/31/2031 | 2727 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Corporation (Revolver) | (19) | SF | 4.50% | 8.16% | 10/31/2025 | 10/31/2031 | 2045 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Security Services Acquisition Sub Corp. | (6)(11) | SF | 5.85% | 9.52% | 6/17/2024 | 9/30/2027 | 35787 | 35787 | 35644 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Security Services Acquisition Sub Corp. | (6)(11) | SF | 5.85% | 9.52% | 6/17/2024 | 9/30/2027 | 11111 | 11111 | 11066 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Security Services Acquisition Sub Corp. | (6)(11) | SF | 5.85% | 9.52% | 6/17/2024 | 9/30/2027 | 10975 | 10975 | 10932 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signal 88, LLC | (6)(8)(44) | SF | 6.25% | 9.92% | 6/3/2024 | 6/3/2029 | 23148 | 22909 | 23148 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SingleStore, Inc. | (6) | SF | 6.25% | 9.91% | 10/16/2025 | 10/16/2031 | 73000 | 72318 | 73000 | 2.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SingleStore, Inc. (Delayed Draw) | (19)(20) | SF | 6.25% | 9.91% | 10/16/2025 | 10/16/2031 | 8319 | 1604 | 1604 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SingleStore, Inc. (Revolver) | (19) | SF | 6.25% | 9.91% | 10/16/2025 | 10/16/2031 | 8488 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunstates Security, LLC | (8) | SF | 4.50% | 8.18% | 8/9/2024 | 8/9/2030 | 19850 | 19622 | 20049 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunstates Security, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.18% | 8/9/2024 | 8/9/2030 | 13300 | 6633 | 6700 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TIC Bidco Limited | (12)(23)(40) | SN | 4.50% | 8.23% | 12/12/2025 | 6/14/2031 | 17195 | 16373 | 17211 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valkyrie Buyer, LLC | (6)(44) | SF | 4.75% | 8.45% | 5/6/2024 | 5/6/2031 | 17823 | 17611 | 17894 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valkyrie Buyer, LLC | (11) | SF | 4.75% | 8.45% | 5/6/2024 | 5/6/2031 | 2074 | 2074 | 2083 | 0.1% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valkyrie Buyer, LLC | (27) | SF | 4.75% | 8.45% | 5/6/2024 | 5/6/2031 | 7424 | $7424 | $7454 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valkyrie Buyer, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.45% | 11/8/2024 | 5/6/2031 | 6650 | 4161 | 4178 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valkyrie Buyer, LLC | (27) | SF | 4.75% | 8.45% | 11/8/2024 | 5/6/2031 | 3325 | 3325 | 3338 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valkyrie Buyer, LLC (Revolver) | (19) | SF | 4.75% | 8.45% | 5/6/2024 | 5/6/2030 | 3509 | 842 | 842 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veritas Buyer, LLC and DecisionHR Holdings, Inc. | (27) | SF | 4.50% | 8.16% | 12/8/2025 | 12/8/2031 | 19600 | 19414 | 19463 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veritas Buyer, LLC and DecisionHR Holdings, Inc. (Delayed Draw) | (19)(20) | SF | 4.50% | 8.16% | 12/8/2025 | 12/8/2031 | 6125 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veritas Buyer, LLC and DecisionHR Holdings, Inc. (Revolver) | (19) | SF | 4.50% | 8.16% | 12/8/2025 | 12/8/2031 | 3063 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vhagar Purchaser, LLC | (6)(9)(44) | SF | 5.50% | 9.16% | 6/5/2025 | 6/11/2031 | 29333 | 29333 | 29333 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vhagar Purchaser, LLC | (6)(44) | SF | 5.50% | 9.16% | 6/5/2025 | 6/11/2031 | 13333 | 13156 | 13333 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vhagar Purchaser, LLC (Delayed Draw) | (19)(20) | SF | 5.50% | 9.16% | 6/5/2025 | 6/11/2031 | 6667 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vhagar Purchaser, LLC (Revolver) | (19) | SF | 5.50% | 9.16% | 6/5/2025 | 6/11/2031 | 2667 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WPEngine, Inc. | (7)(9) | SF | 5.75% | 9.44% | 8/14/2023 | 8/14/2029 | 16500 | 16185 | 16475 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WPEngine, Inc. (Revolver) | (19) | SF | 5.75% | 9.44% | 8/14/2023 | 8/14/2029 | 1650 |  |  | 0.0% |
|  |  |  |  |  |  |  | 1489685 | 1214625 | 1227489 | 44.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Consumer** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alta Pest Control, LLC | (27) | SF | 4.75% | 8.42% | 11/18/2025 | 11/18/2031 | 3990 | 3933 | 4000 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alta Pest Control, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.42% | 11/18/2025 | 11/18/2031 | 3999 | 439 | 440 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alta Pest Control, LLC (Revolver) | (19) | SF | 4.75% | 8.42% | 11/18/2025 | 11/18/2031 | 2000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMS Parent, LLC | (8)(27) | SF | 5.01% | 8.71% | 4/8/2024 | 10/25/2028 | 15153 | 15017 | 14528 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Holdings, LLC | (6) | SF | 6.40% | 10.10% | 12/28/2023 | 6/23/2028 | 4888 | 4821 | 4888 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Holdings, LLC | (6)(7) | SF | 6.40% | 10.10% | 7/19/2023 | 6/23/2028 | 4888 | 4825 | 4888 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Holdings, LLC | (6)(8)(10) | SF | 5.90% | 9.60% | 6/24/2022 | 6/23/2028 | 14475 | 14352 | 14374 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Holdings, LLC | (8)(11) | SF | 5.90% | 9.60% | 6/24/2022 | 6/23/2028 | 20591 | 20591 | 20447 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Holdings, LLC | (8) | SF | 5.90% | 9.60% | 6/20/2024 | 6/23/2028 | 8245 | 8245 | 8187 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Holdings, LLC (Revolver) | (19) | SF | 5.90% | 9.60% | 6/24/2022 | 6/23/2028 | 4523 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expedited Travel, LLC | (7)(8)(9)(10) | SF | 6.61% | 10.28% | 11/8/2023 | 11/8/2028 | 8297 | 8177 | 8048 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expedited Travel, LLC (Revolver) |  | SF | 6.61% | 10.28% | 11/8/2023 | 11/8/2028 | 1500 | 1500 | 1455 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC | (6)(8) | SF | 6.25% | 9.90% | 4/10/2025 | 4/10/2031 | 18613 | 18450 | 18264 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC (Revolver) | (19) | SF | 6.25% | 9.90% | 4/10/2025 | 4/10/2031 | 1103 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Innovative Artists Entertainment, LLC | (8)(27) | SF | 5.50% | 9.16% | 3/21/2025 | 3/21/2031 | 22139 | 21856 | 20609 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Innovative Artists Entertainment, LLC (Revolver) | (19) | SF | 5.50% | 9.16% | 3/21/2025 | 3/21/2031 | 2225 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Light Wave Dental Management, LLC | (8) | SF | 5.50% | 9.20% | 5/13/2025 | 6/29/2029 | 2925 | 2877 | 2925 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Light Wave Dental Management, LLC | (8) | SF | 5.50% | 9.20% | 12/17/2024 | 6/29/2029 | 4924 | 4924 | 4924 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Light Wave Dental Management, LLC | (8) | SF | 5.50% | 9.20% | 7/16/2024 | 6/29/2029 | 525 | 514 | 525 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Light Wave Dental Management, LLC | (8)(9)(10)(11) | SF | 5.50% | 9.20% | 6/30/2023 | 6/29/2029 | 26744 | 26241 | 26744 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Light Wave Dental Management, LLC (Revolver) | (19) | SF | 5.50% | 9.20% | 6/30/2023 | 6/29/2029 | 4753 | 4373 | 4373 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mammoth Holdings, LLC | (10)(11) | SF | 6.00% | 9.70% | 11/15/2023 | 11/15/2030 | 21327 | 21016 | 20943 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mammoth Holdings, LLC |  | SF | 6.00% | 9.70% | 11/15/2023 | 11/15/2030 | 5360 | 5360 | 5264 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mammoth Holdings, LLC (Revolver) | (19) | SF | 6.00% | 9.70% | 11/15/2023 | 11/15/2029 | 2727 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McKissock Investment Holdings, LLC |  | SF | 5.15% | 8.82% | 8/25/2025 | 3/9/2029 | 5933 | 5940 | 5185 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Removery, LLC | (27) | SF | 8.00% | 11.67% | 9/8/2025 | 9/8/2030 | 12000 | 11784 | 12000 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steel City Wash, LLC | (27) | SF | 5.25% | 8.91% | 2/21/2025 | 2/5/2030 | 13895 | 13666 | 13791 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steel City Wash, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.91% | 2/5/2025 | 2/5/2030 | 3158 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steel City Wash, LLC (Revolver) | (19) | SF | 5.25% | 8.91% | 2/5/2025 | 2/5/2030 | 1579 | 589 | 585 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Black Tux, LLC | (8)(9)(10) | SF | 6.50% | 10.17% | 12/27/2023 | 12/27/2028 | 9346 | 9310 | 9346 | 0.3% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Black Tux, LLC | (6) | SF | 6.50% | 10.17% | 12/27/2023 | 12/27/2028 | 796 | $796 | $796 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Black Tux, LLC (Revolver) | (19) | SF | 6.50% | 10.17% | 12/27/2023 | 12/27/2028 | 1944 | 778 | 778 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC | (12)(24) | SF | 6.50% | 10.16% | 11/20/2024 | 11/20/2030 | 6338 | 5702 | 6166 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC | (12)(24) | SF | 6.50% | 10.16% | 11/20/2024 | 11/20/2030 | 19396 | 17456 | 18871 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC | (11) | SF | 6.25% | 9.91% | 12/13/2024 | 11/20/2030 | 6353 | 6262 | 6175 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC | (11) | SF | 6.25% | 9.91% | 12/13/2024 | 11/20/2030 | 13449 | 13256 | 13072 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC (Delayed Draw) | (19)(20) | SF | 6.25% | 9.91% | 11/20/2024 | 11/20/2030 | 12270 | 2761 | 2683 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC (Revolver) | (12)(19)(24) | SF | 6.50% | 10.17% | 11/20/2024 | 11/20/2030 | 2888 | 1629 | 1686 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC (Revolver) | (19) | SF | 6.25% | 9.97% | 11/20/2024 | 11/20/2030 | 5059 | 3243 | 3152 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ultra Clean Holdco LLC | (10)(11) | SF | 5.25% | 8.91% | 7/16/2024 | 7/1/2030 | 20632 | 20353 | 20498 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ultra Clean Holdco LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.91% | 7/16/2024 | 7/1/2030 | 7451 | 3701 | 3677 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ultra Clean Holdco LLC (Revolver) | (19) | SF | 5.25% | 8.91% | 7/16/2024 | 7/1/2030 | 3000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanterra Holdings, LLC | (6) | SF | 4.25% | 7.92% | 8/8/2025 | 8/8/2031 | 10500 | 10403 | 10482 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanterra Holdings, LLC | (6)(8) | SF | 4.25% | 7.92% | 8/8/2025 | 8/8/2031 | 21000 | 21000 | 20963 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanterra Holdings, LLC (Delayed Draw) | (19)(20) | SF | 4.25% | 7.96% | 8/8/2025 | 8/8/2031 | 21000 | 10080 | 10062 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanterra Holdings, LLC (Revolver) | (19) | SF | 4.25% | 7.96% | 8/8/2025 | 8/8/2031 | 6300 |  |  | 0.0% |
|  |  |  |  |  |  |  | 410201 | 346220 | 345794 | 12.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Telecommunications** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Broadband and Telecommunications Company LLC | (6)(21)(28) | P | 12.00% | 16.75% Cash/ 2.00% PIK | 6/10/2022 | n/a | 2710 | 2710 | 1146 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Broadband and Telecommunications Company LLC (Revolver) | (19)(21)(28) | P | 12.00% | 16.75% Cash/ 2.00% PIK | 6/10/2022 | n/a | 1000 | 258 | 109 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AppLogic Networks OpCo I LLC | (21) | SF | 6.00% | 4.67% Cash/ 5.00% PIK | 3/3/2025 | 3/3/2030 | 376 | 356 | 338 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Archtop Fiber Intermediate LLC |  | SF | 6.25% | 9.92% | 4/1/2025 | 4/1/2030 | 21993 | 21622 | 21992 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Archtop Fiber Intermediate LLC (Delayed Draw) | (19)(20) | SF | 6.25% | 9.92% | 4/1/2025 | 4/1/2030 | 33722 | 14662 | 14662 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MB Purchaser, LLC | (8)(10) | SF | 4.75% | 8.40% | 1/3/2024 | 1/3/2030 | 14700 | 14500 | 14590 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MB Purchaser, LLC | (8) | SF | 4.75% | 8.40% | 1/3/2024 | 1/3/2030 | 12340 | 12340 | 12247 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MB Purchaser, LLC | (8) | SF | 4.75% | 8.40% | 10/28/2025 | 1/3/2030 | 5488 | 5438 | 5446 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MB Purchaser, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.40% | 10/28/2025 | 1/3/2030 | 3213 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MB Purchaser, LLC (Revolver) | (19) | SF | 4.75% | 8.40% | 1/3/2024 | 1/3/2030 | 3785 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Patagonia Holdco LLC | (8)(12) | SF | 5.75% | 9.41% | 8/5/2022 | 8/1/2029 | 14475 | 12928 | 10355 | 0.4% |
|  |  |  |  |  |  |  | 113802 | 84814 | 80885 | 2.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Transportation: Cargo** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dusk Acquisition II Corporation | (8)(10) | SF | 6.00% | 9.70% | 7/12/2024 | 7/12/2029 | 7803 | 7694 | 7881 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dusk Acquisition II Corporation | (8) | SF | 6.00% | 9.70% | 11/29/2024 | 7/12/2029 | 10492 | 10336 | 10597 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Epika Fleet Services, Inc. | (8)(11)(27) | SF | 5.00% | 8.70% | 5/20/2025 | 4/17/2031 | 49931 | 49383 | 49932 | 1.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Epika Fleet Services, Inc. | (10) | SF | 5.00% | 8.67% | 6/5/2025 | 4/17/2031 | 13217 | 13142 | 13217 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Epika Fleet Services, Inc. | (11)(27) | SF | 5.00% | 8.70% | 4/17/2025 | 4/17/2031 | 17998 | 17998 | 17998 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Epika Fleet Services, Inc. (Revolver) | (19) | SF | 5.00% | 8.70% | 4/17/2025 | 4/17/2031 | 9936 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiasco Enterprises, LLC | (11) | SF | 6.61% | 10.28% | 5/6/2022 | 5/6/2027 | 6755 | 6723 | 6711 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiasco Enterprises, LLC | (6)(11) | SF | 6.61% | 10.28% | 12/15/2022 | 5/6/2027 | 8148 | 8074 | 8095 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiasco Enterprises, LLC | (8) | SF | 6.61% | 10.28% | 10/29/2025 | 5/6/2027 | 35323 | 34808 | 35094 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiasco Enterprises, LLC (Revolver) | (19) | SF | 6.61% | 10.28% | 5/6/2022 | 5/6/2027 | 1750 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Randys Holdings, Inc. | (6)(7)(9) | SF | 5.00% | 8.67% | 11/1/2022 | 11/1/2029 | 16491 | 16256 | 16491 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Randys Holdings, Inc. (Delayed Draw) | (19)(20) | SF | 5.00% | 8.67% | 11/1/2022 | 11/1/2029 | 5628 | 5432 | 5432 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Randys Holdings, Inc. (Revolver) | (19) | SF | 5.00% | 8.67% | 11/1/2022 | 11/1/2029 | 2273 | 114 | 114 | 0.0% |
|  |  |  |  |  |  |  | 185745 | 169960 | 171562 | 6.2% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Transportation: Consumer** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Honk Technologies, Inc. | (8) | SF | 5.00% | 8.67% | 3/19/2026 | 3/3/2031 | 4000 | $3940 | $3940 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Honk Technologies, Inc. (Revolver) | (19) | SF | 5.00% | 8.67% | 3/3/2026 | 3/3/2031 | 500 |  |  | 0.0% |
|  |  |  |  |  |  |  | 4500 | 3940 | 3940 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Wholesale** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IF & P Holdings Company, LLC | (6) | SF | 5.63% | 9.32% | 10/6/2022 | 10/3/2028 | 23091 | 22810 | 22778 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IF & P Holdings Company, LLC | (6) | SF | 6.00% | 9.70% | 5/25/2023 | 10/3/2028 | 6483 | 6362 | 6448 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IF & P Holdings Company, LLC |  | SF | 5.25% | 8.95% | 7/30/2024 | 10/3/2028 | 1093 | 1082 | 1068 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IF & P Holdings Company, LLC (Revolver) | (19) | SF | 5.63% | 9.32% | 10/6/2022 | 10/3/2028 | 5296 | 4943 | 4876 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palmdale Oil Company LLC | (8) | SF | 4.75% | 8.45% | 12/18/2025 | 12/12/2031 | 5641 | 5621 | 5672 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palmdale Oil Company LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.45% | 12/18/2025 | 12/12/2031 | 4348 |  |  | 0.0% |
|  |  |  |  |  |  |  | 45952 | 40818 | 40842 | 1.5% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Non-Affiliate Senior Secured Loans** |  |  |  |  |  |  | **6048034** | **4982984** | **4957493** | **178.1%** |
| &nbsp;&nbsp;&nbsp;**Unitranche Secured Loans (13)** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Beverage, Food & Tobacco** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gargoyle Enterprises, Inc. (Revolver) | (26) | SF | 12.00% | 15.67% | 11/3/2023 | 11/3/2026 | 1000 | 1000 | 995 | 0.0% |
|  |  |  |  |  |  |  | 1000 | 1000 | 995 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Business** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASG II, LLC | (6) | SF | 6.40% | 10.07% | 5/25/2022 | 5/25/2028 | 15000 | 14867 | 14925 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASG II, LLC | (6) | SF | 6.40% | 10.07% | 5/25/2022 | 5/25/2028 | 2250 | 2250 | 2239 | 0.1% |
|  |  |  |  |  |  |  | 17250 | 17117 | 17164 | 0.6% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Non-Affiliate Unitranche Secured Loans** |  |  |  |  |  |  | **18250** | **18117** | **18159** | **0.6%** |
| &nbsp;&nbsp;&nbsp;**Junior Secured Loans** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;API Holdings III Corp. |  | SF | 7.00% | 4.70% Cash/ 6.00% PIK | 11/3/2023 | 5/9/2027 |  | 4 |  | 0.0% |
|  |  |  |  |  |  |  |  | 4 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Automotive** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Brands Group, LLC | (21) | P | 6.00% | 12.75% PIK | 10/2/2025 | 6/29/2026 | 11749 | 10547 | 40 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Brands Group, LLC | (21) | SF | 7.00% | 10.67% PIK | 10/2/2025 | 6/29/2026 | 34751 | 28495 | 125 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Brands Group, LLC | (21) | SF | 10.61% | 14.28% PIK | 12/11/2023 | 12/29/2028 | 14436 | 13903 | 43 | 0.0% |
|  |  |  |  |  |  |  | 60936 | 52945 | 208 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Capital Equipment** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (12)(21)(22) | SF | 6.40% | 10.10% PIK | 3/31/2025 | 8/11/2027 | 1823 | 1823 | 1608 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (12)(21)(22) | n/a | n/a | 10.25% PIK | 10/30/2024 | 8/11/2027 | 4958 | 4962 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (12)(21)(22) | n/a | n/a | n/a | 3/31/2025 | 8/11/2027 | 86 | 84 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (21) | SF | 6.15% | 9.85% PIK | 3/31/2025 | 8/11/2027 | 1484 | 1473 | 1306 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (21) | n/a | n/a | 10.00% PIK | 10/30/2024 | 8/11/2027 | 4038 | 4013 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (21) | n/a | n/a | n/a | 3/31/2025 | 8/11/2027 | 68 | 68 |  | 0.0% |
|  |  |  |  |  |  |  | 12457 | 12423 | 2914 | 0.1% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Construction & Building** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601 Lafayette Mezz LLC (Delayed Draw) | (12)(19)(20) | SF | 9.50% | 13.17% | 7/17/2024 | 2/9/2028 | 20500 | $6643 | $6710 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601 Lafayette Mezz LLC | (12) | SF | 9.50% | 13.17% | 7/17/2024 | 2/9/2028 | 20500 | 20500 | 20705 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jesse Studio Mezz, LLC (Delayed Draw) | (12)(19)(20) | SF | 12.96% | 16.63% | 6/7/2024 | 6/7/2027 | 41930 | 40435 | 41310 | 1.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sundy Village West Mezz Borrower, LLC | (12) | SF | 10.25% | 13.92% | 12/21/2023 | 1/15/2027 | 37349 | 37349 | 37900 | 1.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sundy Village West Mezz Borrower, LLC | (12) | SF | 11.50% | 15.17% PIK | 12/21/2023 | 1/15/2027 | 15188 | 15188 | 15435 | 0.6% |
|  |  |  |  |  |  |  | 135467 | 120115 | 122060 | 4.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivanti Software, Inc. |  | SF | 4.75% | 8.41% | 5/13/2025 | 6/1/2029 |  |  |  | 0.0% |
|  |  |  |  |  |  |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Non-Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thrasio, LLC | (21) | SF | 10.26% | 13.93% PIK | 6/18/2024 | 6/18/2029 | 1763 | 1739 | 1544 | 0.1% |
|  |  |  |  |  |  |  | 1763 | 1739 | 1544 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Containers, Packaging & Glass** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Capital Holdings, LLC |  | SF | 5.50% | 9.18% | 1/12/2026 | 4/13/2026 | 14290 | 14248 | 14290 | 0.5% |
|  |  |  |  |  |  |  | 14290 | 14248 | 14290 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Real Estate** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avison Young (USA) Inc. | (12)(21)(36) | SF | 7.76% | 11.44% | 4/26/2019 | 3/12/2029 | 1887 | 1600 | 841 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avison Young (USA) Inc. | (12)(21)(36) | SF | 7.76% | 11.39% | 4/26/2019 | 3/12/2029 | 644 | 549 | 154 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KT Naples UB LLC | (12) | SF | 12.00% | 17.00% | 4/8/2024 | 4/8/2026 | 9865 | 9865 | 9957 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maltese Diplomat Owner 100 LLC (Delayed Draw) | (12)(19)(20) | SF | 10.97% | 14.72% | 3/11/2025 | 4/9/2028 | 50000 | 49975 | 50025 | 1.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RC & CY New Orleans Sole Member, LLC | (12) | SF | 9.00% | 12.67% | 3/20/2025 | 4/10/2028 | 30000 | 29790 | 30060 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 10/28/2025 | 10/1/2026 | 950 | 950 | 950 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 3/18/2025 | 10/1/2026 | 1828 | 1828 | 1828 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 7/26/2024 | 10/1/2026 | 537 | 537 | 537 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 7/2/2021 | 10/1/2026 | 11858 | 11858 | 11858 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 5/16/2023 | 10/1/2026 | 2051 | 2051 | 2051 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 9/25/2023 | 10/1/2026 | 3681 | 3681 | 3681 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 5/8/2024 | 10/1/2026 | 2523 | 2523 | 2523 | 0.1% |
|  |  |  |  |  |  |  | 115824 | 115207 | 114465 | 4.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**High Tech Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Angel Lux Bidco S.A.R.L. | (6)(9)(12)(38)(44) | SF | 5.25% | 8.92% | 3/25/2026 | 2/26/2033 | 25000 | 24758 | 24750 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Angel Lux Bidco S.A.R.L. (Delayed Draw) | (12)(19)(20)(38) | SF | 5.25% | 8.92% | 2/26/2026 | 2/26/2033 | 2710 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman Opco LP | (21) | n/a | n/a | n/a | 3/16/2021 | 3/16/2027 | 988 | 968 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman Opco LP | (21) | n/a | n/a | 9.00% PIK | 8/29/2023 | 7/2/2029 | 430 | 401 | 524 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman Opco LP | (21) | n/a | n/a | 9.00% PIK | 7/14/2023 | 7/2/2029 | 440 | 401 | 536 | 0.0% |
|  |  |  |  |  |  |  | 29568 | 26528 | 25810 | 0.9% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Broadcasting & Subscription** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21)(28) | n/a | n/a | n/a | 5/2/2019 | n/a | 477 | $477 | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21)(28) | n/a | n/a | n/a | 5/2/2019 | n/a | 150 | 150 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21)(28) | n/a | n/a | n/a | 5/2/2019 | n/a | 57 | 57 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21)(28) | n/a | n/a | n/a | 11/4/2019 | n/a | 92 | 92 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21) | SF | 8.26% | 11.93% PIK | 7/31/2023 | 1/31/2028 | 503 | 503 | 8 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21) | SF | 8.26% | 11.93% PIK | 7/31/2023 | 1/31/2028 | 152 | 152 | 2 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21) | SF | 8.26% | 11.93% PIK | 9/8/2023 | 1/31/2028 | 265 | 265 | 4 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21) | SF | 8.26% | 11.93% PIK | 7/31/2023 | 1/31/2028 | 396 | 396 |  | 0.0% |
|  |  |  |  |  |  |  | 2092 | 2092 | 14 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Diversified & Production** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research Now Group, Inc. and Survey Sampling International, LLC | (6) | SF | 5.76% | 9.41% | 7/15/2024 | 10/15/2028 | 3583 | 3606 | 1881 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Streamland Media MidCo LLC | (21) | SF | 5.76% | 9.46% | 6/30/2025 | 3/30/2029 | 916 | 909 | 892 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Streamland Media MidCo LLC | (21) | SF | 6.76% | 10.46% | 6/30/2025 | 3/30/2029 | 881 | 874 | 494 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Streamland Media MidCo LLC (Revolver) | (21) | SF | 5.76% | 9.46% | 4/11/2025 | 3/30/2029 | 132 | 132 | 129 | 0.0% |
|  |  |  |  |  |  |  | 5512 | 5521 | 3396 | 0.1% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Non-Affiliate Junior Secured Loans** |  |  |  |  |  |  | **377909** | **350822** | **284701** | **10.2%** |
| &nbsp;&nbsp;&nbsp;**Equity Securities (14)(15)(16)** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Transport Components Acquisition, LLC (608,696 Class A common units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 7/15/2025 |  |  | 609 | 637 | 0.0% |
|  |  |  |  |  |  |  |  | 609 | 637 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Automotive** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lifted Trucks Holdings, LLC (158,730 Class A shares) | (17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 8/2/2021 |  |  | 159 | 293 | 0.0% |
|  |  |  |  |  |  |  |  | 159 | 293 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Banking** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Receivables II, LLC (1,822 shares of common stock) | (12)(17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 7/29/2021 |  | **—** | 750 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Receivables II, LLC (warrant to purchase up to 1.0% of the equity) | (12)(17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 7/28/2021 | 7/28/2031 |  | 453 |  | 0.0% |
|  |  |  |  |  |  |  |  | 1203 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Beverage, Food & Tobacco** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caputo Cheese Interco Corp. (2,777,778 Class A units) |  | n/a | n/a | 8.00% PIK  | 6/30/2025 |  |  | 2778 | 2702 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sabrosura Foods, LLC et al (171,429 Class A interests) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 10/18/2019 |  |  | 171 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sabrosura Foods, LLC et al (7,022 Class AA units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 11/22/2022 |  |  | 10 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sabrosura Foods, LLC et al (8,322 Class AAA units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 3/17/2023 |  |  | 8 |  | 0.0% |
|  |  |  |  |  |  |  |  | 2967 | 2702 | 0.1% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Capital Equipment** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC (314,584 Class A preferred units) | (17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 8/11/2022 |  |  | $650 | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC (45,874 Series B units) | (17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 8/1/2023 |  |  | 46 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC (67,283 Series C preferred units) | (17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 12/20/2023 |  |  | 67 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC (325 Series L units) | (17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 10/30/2024 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tavoron Buyer Corp. (2,609,734 units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 1/22/2025 |  |  | 2610 | 2635 | 0.1% |
|  |  |  |  |  |  |  |  | 3373 | 2635 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Construction & Building** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FR Panther Intermediate, LLC (133,333 Class A-1 units) | (45) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 1/23/2026 |  |  | 1333 | 1333 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harlem Acquisition, LLC (6,095,244 Class A units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 11/7/2024 |  |  | 6095 | 6585 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MEI Buyer LLC (2,275 units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 6/29/2023 |  |  | 2276 | 7688 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mooring Primary, LLC (2,574 preferred units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 4/1/2025 |  |  | 2574 | 2574 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mooring Primary, LLC (2,576 common units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 4/1/2025 |  |  | 3 | 206 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Premier Roofing L.L.C. (20 Class A preferred units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 3/25/2026 |  |  | 198 | 198 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Premier Roofing L.L.C. (198 Class B common units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 3/25/2026 |  |  | 2465 | 1 | 0.0% |
|  |  |  |  |  |  |  |  | 14944 | 18585 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Independence Buyer, Inc. (169 Class A units) |  |  |  |  | 8/3/2021 |  |  | 169 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Independence Buyer, Inc. (872 Class B units) |  |  |  |  | 9/5/2025 |  |  |  |  | 0.0% |
|  |  |  |  |  |  |  |  | 169 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Non-Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thrasio, LLC (1,980,796 units) |  |  |  |  | 6/18/2024 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thrasio, LLC (31,764 shares of common stock) |  |  |  |  | 6/18/2024 |  |  | 3011 |  | 0.0% |
|  |  |  |  |  |  |  |  | 3011 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Containers, Packaging & Glass** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Key Container Borrower, LLC (555,556 units) | (46) |  |  |  | 2/17/2026 |  |  | 556 | 556 | 0.0% |
|  |  |  |  |  |  |  |  | 556 | 556 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Energy: Oil & Gas** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talos Energy Inc. (12,138 shares of common stock) | (6)(12)(29) |  |  |  | 3/4/2024 |  |  | 132 | 191 | 0.0% |
|  |  |  |  |  |  |  |  | 132 | 191 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Environmental Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quest Resource Management Group, LLC (warrant to purchase up to 0.2% of the equity) |  |  |  |  | 10/19/2020 | 3/17/2028 |  | 67 | 51 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quest Resource Management Group, LLC (warrant to purchase up to 0.1% of the equity) |  |  |  |  | 10/19/2021 | 3/17/2028 |  |  | 36 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StormTrap, LLC (640,000 Class A preferred units) | (17) | n/a | n/a | 8.00% PIK | 3/25/2022 |  |  | 640 | 640 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StormTrap, LLC (640,000 Class A common units) | (17) |  |  |  | 3/25/2022 |  |  |  | 493 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volt Bidco, Inc. (878 shares of common stock) |  |  |  |  | 8/11/2021 |  |  | 892 | 752 | 0.1% |
|  |  |  |  |  |  |  |  | 1599 | 1972 | 0.1% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Finance** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bench Walk Lead, LLC (commitment to purchase up to 3.2% of the equity) | (12)(17) |  |  |  | 6/12/2023 |  |  | $1600 | $1540 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J2 BWA Funding LLC (0.3% profit sharing) | (12)(17) |  |  |  | 12/24/2020 |  |  |  | 56 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J2 BWA Funding III, LLC (commitment to purchase up to 3.8% of the equity) | (12)(17)(30) |  |  |  | 4/29/2022 |  |  | 883 | 1119 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax Protection BuyCo, LLC (1,159 common units) | (17) |  |  |  | 4/1/2025 |  |  | 1159 | 1127 | 0.0% |
|  |  |  |  |  |  |  |  | 3642 | 3842 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Real Estate** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avison Young (USA) Inc. (2,036,442 Class A preferred shares) | (12)(21)(36) | n/a | n/a | 12.50% PIK  | 9/1/2022 |  |  | 2037 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avison Young (USA) Inc. (1,521 Class F common shares) | (12)(36) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 9/1/2022 |  |  | 1234 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InsideRE, LLC (284,853 Class A common units) | (17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 9/9/2019 |  |  | 420 | 278 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lessen LLC (128,737 preferred units) |  |  |  |  | 1/5/2023 |  |  | 1667 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential Homes for Rent LLC (736,539 Series A preferred units) | (12)(17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 3/5/2024 |  |  | 3183 | 2660 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential Homes for Rent LLC (warrant to purchase up to 1.6% of the equity) | (12)(17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 3/5/2024 | 3/5/2034 |  |  | 890 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC (2,992 preferred units) | (12)(17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 7/2/2021 |  |  | 3 | 6623 | 0.3% |
|  |  |  |  |  |  |  |  | 8544 | 10451 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Healthcare & Pharmaceuticals** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ascent Midco, LLC (725,806 Class A units) | (17) | n/a | n/a | 8.00% PIK | 2/5/2020 |  |  | 726 | 586 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bluesight, Inc. (528 Class A preferred units) |  | n/a | n/a | 9.00% PIK | 7/17/2023 |  |  | 528 | 528 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bluesight, Inc. (282,635 Class B common units) |  |  |  |  | 7/17/2023 |  |  |  | 251 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caravel Autism Health, LLC (3,781 Class A units) | (17) | n/a | n/a | 8.00% PIK  | 6/11/2024 |  |  | 3782 | 2942 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caravel Autism Health, LLC (4,011 Class B units) | (17) |  |  |  | 6/11/2024 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dorado Acquisition, Inc. (531,783 Class A-1 units) |  |  |  |  | 6/30/2021 |  |  | 578 | 586 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dorado Acquisition, Inc. (531,783 Class A-2 units) |  |  |  |  | 6/30/2021 |  |  |  | 102 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evolve Biologics Inc. (warrant to purchase up to 1.5% of the equity) | (12) |  |  |  | 12/20/2022 | 12/20/2032 |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evolve Biologics Inc. (warrant to purchase up to 1.2% of the equity) | (6)(12) |  |  |  | 1/18/2024 | 1/18/2034 |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forest Buyer, LLC (906 Class A units) | (17) | n/a | n/a | 8.00% PIK  | 3/15/2024 |  |  | 387 | 411 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forest Buyer, LLC (906 Class B units) | (17) |  |  |  | 3/15/2024 |  |  |  | 704 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GBP CSTA Buyer LLC (1,454,566 Class A units) | (17) |  |  |  | 11/18/2025 |  |  | 1455 | 1455 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KL Moon Acquisition, LLC (0.3% of the equity) |  |  |  |  | 1/31/2023 |  |  | 1082 | 207 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NationsBenefits, LLC (369,827 Series B units) | (17) | n/a | n/a | 5.00% PIK | 8/20/2021 |  |  | 2498 | 5289 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NationsBenefits, LLC (326,667 common units) | (17) |  |  |  | 8/20/2021 |  |  | 468 | 2754 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NBPT Acquisition LLC (4,421 preferred units) | (43) |  |  |  | 3/3/2025 |  |  | 4421 | 3836 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NQ PE Project Colosseum Midco Inc. (1,364,614 common units) |  |  |  |  | 10/4/2022 |  |  | 1438 | 133 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ossio, Inc. (30,279 warrant shares) |  |  |  |  | 1/20/2026 | 1/21/2036 |  |  |  | 0.0% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seran BioScience, LLC (27,565 common units) |  |  |  |  | 7/30/2024 |  |  | $267 | $416 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vero Biotech Inc. (warrant to purchase up to 2.3% of the equity) |  |  |  |  | 12/29/2023 | 12/29/2033 |  |  | 105 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xpress Wellness, LLC (18,310 Series A units) |  |  |  |  | 5/8/2024 |  |  | 18310 | 14989 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xpress Wellness, LLC (886 Series C units) |  |  |  |  | 10/14/2025 |  |  | 760 | 1140 | 0.1% |
|  |  |  |  |  |  |  |  | 36700 | 36434 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;**High Tech Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman Opco LP (157,895 Class A common units) |  |  |  |  | 3/16/2021 |  |  | 10982 | 1906 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman Opco LP (294,118 Class B common units) |  |  |  |  | 1/2/2024 |  |  |  | 3551 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman GP LLC (157,895 Class A common units) |  |  |  |  | 1/2/2024 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman GP LLC (294,118 Class B common units) |  |  |  |  | 1/2/2024 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catalyst Data Holdings, Inc. (4,177 common units) | (33) |  |  |  | 12/13/2024 |  |  | 4177 | 4315 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloud for Good, LLC (5,000,000 common units) |  |  |  |  | 3/21/2025 |  |  | 5000 | 4650 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Douglas Holdings, Inc. (573,847 Class A common units) |  |  |  |  | 8/27/2024 |  |  | 574 | 516 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Drawbridge Partners, LLC (652,174 Class A-1 units) |  |  |  |  | 9/1/2022 |  |  | 652 | 754 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jobnimbus Holdings, LLC (214,092 common units) |  |  |  |  | 11/6/2024 |  |  | 791 | 775 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Optomi, LLC (278 Class A units)  | (17) |  |  |  | 12/16/2021 |  |  | 278 | 590 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recorded Future, Inc. (40,243 Class A units)  |  |  |  |  | 7/3/2019 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reorganized Mobileum AcquisitionCo, LLC (42,031 shares of common stock) |  |  |  |  | 9/12/2024 |  |  | 1877 | 504 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sparq Holdings, Inc. (600,000 common units) |  |  |  |  | 6/15/2023 |  |  | 600 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sparq Holdings, Inc. (83,720 Series A preferred units) |  |  |  |  | 9/19/2025 |  |  | 84 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unanet, Inc. (1,621,053 shares of common stock) |  |  |  |  | 12/5/2022 |  |  | 1624 | 2723 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Velociti, LLC (6,075,951 units) | (17) |  |  |  | 1/13/2025 |  |  | 6076 | 6319 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZI Intermediate II, Inc. (3,790 shares of common stock) |  |  |  |  | 5/13/2024 |  |  | 1849 | 3824 | 0.2% |
|  |  |  |  |  |  |  |  | 34564 | 30427 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Hotels, Gaming & Leisure** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equine Network, LLC (92 Class A units) | (17) |  |  |  | 12/31/2020 |  |  | 95 | 304 | 0.0% |
|  |  |  |  |  |  |  |  | 95 | 304 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Advertising, Printing & Publishing** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95 Percent Buyer, LLC (385,027 Class A units) | (17) | n/a | n/a | 8.00% PIK | 11/24/2021 |  |  | 385 | 989 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calienger Holdings, L.L.C. (568,181 Class A units) | (17) |  |  |  | 10/21/2022 |  |  | 568 | 443 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gas Media Holdings, LLC (4,790 shares of common stock) |  |  |  |  | 4/17/2025 |  |  | 4790 | 3424 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Engen, Inc. (417 preferred units) |  | n/a | n/a | 8.00% PIK | 12/27/2021 |  |  | 417 | 401 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Engen, Inc. (5,067 Class B common units) |  |  |  |  | 12/27/2021 |  |  | 5 | 125 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Really Great Reading Company, Inc. (369 Series A units) |  |  |  |  | 12/9/2022 |  |  | 369 | 16 | 0.0% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevant Industrial, LLC (4,877,048 units) |  |  |  |  | 5/16/2025 |  |  | $4877 | $5657 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC (96 preferred units) |  | n/a | n/a | 12.00% PIK | 11/20/2020 |  |  | 96 | 96 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC (96 Class B common units) |  |  |  |  | 11/20/2020 |  |  |  | 77 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC (14 Class X common units) |  |  |  |  | 11/14/2024 |  |  |  | 11 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC (14 Class X preferred units) |  | n/a | n/a | 12.00% PIK | 11/14/2024 |  |  | 14 | 14 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SHOOK Research, LLC (1,483,871 Class A units) | (17) |  |  |  | 7/31/2025 |  |  | 1484 | 1455 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spherix Global Inc. (52 Class A-2 units) |  |  |  |  | 6/10/2024 |  |  | 52 | 58 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spherix Global Inc. (333 Class A units) |  |  |  |  | 12/22/2021 |  |  | 333 | 13 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XanEdu Publishing, Inc. (65,104 Class A units) |  | n/a | n/a | 8.00% PIK | 1/28/2020 |  |  | 65 | 115 | 0.0% |
|  |  |  |  |  |  |  |  | 13455 | 12894 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Broadcasting & Subscription** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC (1,110,000 Class A units) |  |  |  |  | 7/31/2023 |  |  | 1110 |  | 0.0% |
|  |  |  |  |  |  |  |  | 1110 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Diversified & Production** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chess.com, LLC (5 Class A units)  | (17) |  |  |  | 12/31/2021 |  |  | 189 | 149 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research Now Group, Inc. and Survey Sampling International, LLC (50,029 shares of common stock) | (6) |  |  |  | 7/15/2024 |  |  | 1525 | 242 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Streamland Media MidCo LLC (8,812 shares of common stock) |  |  |  |  | 3/31/2025 |  |  | 1205 |  | 0.0% |
|  |  |  |  |  |  |  |  | 2919 | 391 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Business** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A360, Inc. (838 common units) |  | n/a | n/a | 13.00% PIK | 12/19/2024 |  |  | 887 | 913 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. (2,250,000 Class A Membership Interest) |  |  |  |  | 9/15/2023 |  |  | 1999 | 2293 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. (18,328 Class C preferred shares) | (12)(36) |  |  |  | 5/12/2025 |  |  | 32 | 44 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. (96,603 Class B preferred shares) | (12)(36) |  |  |  | 9/21/2021 |  |  | 723 | 138 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecotrak, LLC (14,350,614 Series B Preferred Units) | (17) |  |  |  | 4/9/2024 |  |  | 14245 | 15229 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edustaff, LLC (591 shares of common stock) | (17) |  |  |  | 12/8/2022 |  |  | 591 | 1049 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JDX Studio, LLC (799,232 Class A preferred units) | (17) | n/a | n/a | 10.00% PIK  | 11/14/2024 |  |  | 799 | 799 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northeast Contracting Company, LLC (6,191,218 Class A-2 units) | (17) |  |  |  | 8/16/2024 |  |  | 6191 | 6263 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Onix Networking Corp. (2,000,000 shares of common stock) |  |  |  |  | 10/2/2023 |  |  | 2000 | 2074 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. (1,178,344 Series A preferred units) |  | n/a | n/a | 8.00% PIK  | 4/9/2024 |  |  | 1683 | 1776 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuit Buyer, LLC (5,800 Class A-1 units) |  |  |  |  | 1/5/2026 |  |  | 580 | 580 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rampart Exterior Services Buyer, Inc. (3,967 Series A-2 preferred units) |  | n/a | n/a | 10.00% PIK  | 8/6/2024 |  |  | 3967 | 5215 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SingleStore, Inc. ($9,359 equity commitment) |  |  |  |  | 10/14/2025 |  | 9359 | 9359 | 9265 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Skillsoft Corp. (1,308 Class A shares) | (12)(29) |  |  |  | 6/11/2021 |  |  | 508 | 6 | 0.0% |
|  |  |  |  |  |  |  |  | 43564 | 45644 | 1.6% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Consumer** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC (34,944 Class A common units) | (17) |  |  |  | 11/15/2023 |  |  | $— | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC (35 Class A preferred units) | (17) | n/a | n/a | 8.00% PIK | 11/15/2023 |  |  | 35 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC (164,381 Class B common units) | (17) |  |  |  | 11/15/2023 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC (164 Class B preferred units) | (17) |  |  |  | 11/15/2023 |  |  | 169 | 1 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC (41 Class A-1 preferred units) | (17) |  |  |  | 4/10/2025 |  |  | 41 | 31 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDIG Parent, LLC (192,908 shares of common stock) | (17) |  |  |  | 1/4/2021 |  |  | 198 | 148 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDIG Parent, LLC (20,049 Class X units) | (17) |  |  |  | 6/23/2025 |  |  | 22 | 37 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Innovative Artists Entertainment, LLC ($2,445 of $3,536 equity commitment funded) | (17)(41) |  |  |  | 3/21/2025 |  |  | 2445 | 2402 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Light Wave Dental Management, LLC (321,105 Class A units) | (17) |  |  |  | 6/30/2023 |  |  | 3225 | 2970 | 0.1% |
|  |  |  |  |  |  |  |  | 6135 | 5589 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Telecommunications** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Broadband and Telecommunications Company LLC (warrant to purchase up to 0.4% of the equity) |  |  |  |  | 6/10/2022 | 6/10/2032 |  | 84 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AppLogic Networks OpCo I LLC (28,198 common units) | (6) |  |  |  | 3/3/2025 |  |  | 893 | 67 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AppLogic Networks OpCo I LLC (23,212 Class A units) | (6) |  |  |  | 6/28/2024 |  |  |  |  | 0.0% |
|  |  |  |  |  |  |  |  | 977 | 67 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Transportation: Cargo** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Epika Fleet Services, Inc. (2,642,563 common units) |  |  |  |  | 3/13/2026 |  |  | 4017 | 4018 | 0.1% |
|  |  |  |  |  |  |  |  | 4017 | 4018 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Transportation: Consumer** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Honk Technologies, Inc. (2,162,162 Class A units) |  |  |  |  | 3/3/2026 |  |  | 2162 | 2162 | 0.1% |
|  |  |  |  |  |  |  |  | 2162 | 2162 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Utilities: Electric** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Central Moloney, LLC (6,029 Class A preferred units) |  | n/a | n/a | 10.00% PIK | 10/20/2023 |  |  | 3508 | 3508 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Central Moloney, LLC (6,029 Class B common units) |  |  |  |  | 10/20/2023 |  |  | 996 | 34175 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Central Moloney, LLC (63 Class G units) |  |  |  |  | 4/4/2024 |  |  |  | 316 | 0.0% |
|  |  |  |  |  |  |  |  | 4504 | 37999 | 1.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Wholesale** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IF & P Holdings Company, LLC (1,566 Class A preferred units) |  |  |  |  | 10/3/2022 |  |  | 1566 | 554 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IF & P Holdings Company, LLC (1,566 Class B common units) |  |  |  |  | 10/3/2022 |  |  | 11 |  | 0.0% |
|  |  |  |  |  |  |  |  | 1577 | 554 | 0.0% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Non-Affiliate Equity Investments** |  |  |  |  |  |  |  | **192687** | **218347** | **7.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Non-Controlled/Non-Affiliate Company Investments** |  |  |  |  |  |  |  | $**5544610** | $**5478700** | **196.7%** |
| **Non-Controlled Affiliate Company Investments (18)** |  |  |  |  |  |  |  |  |  |  |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;**Senior Secured Loans** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;**Automotive** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTR Opco LLC (Delayed Draw) | (19)(20)(21) | SF | 8.76% | 12.47% PIK | 6/21/2024 | 12/31/2027 | 1463 | $1425 | $1714 | 0.1% |
|  |  |  |  |  |  |  | 1463 | 1425 | 1714 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engineered Metal Solutions, Inc. |  | SF | 5.50% | 9.17% | 9/22/2025 | 9/22/2030 | 6833 | 6710 | 6833 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engineered Metal Solutions, Inc. (Revolver) | (19) | SF | 5.50% | 9.17% | 9/22/2025 | 9/22/2030 | 1737 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jumpstart Holdco, Inc. (Revolver) | (21) | SF | 5.60% | 9.27% PIK | 7/16/2025 | 6/30/2029 | 728 | 715 | 755 | 0.0% |
|  |  |  |  |  |  |  | 9298 | 7425 | 7588 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Environmental Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baystate Sewage Disposal, LLC | (8) | SF | 6.00% | 9.67% | 6/30/2025 | 12/31/2030 | 4378 | 4300 | 4378 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baystate Sewage Disposal, LLC (Delayed Draw) | (19)(20) | SF | 6.00% | 9.67% | 6/30/2025 | 12/31/2030 | 1264 | 126 | 126 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baystate Sewage Disposal, LLC (Revolver) | (19) | SF | 6.00% | 9.67% | 6/30/2025 | 12/31/2030 | 1011 |  |  | 0.0% |
|  |  |  |  |  |  |  | 6653 | 4426 | 4504 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Healthcare & Pharmaceuticals** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Professional Education, LLC | (11) | SF | 6.36% | 10.03% | 4/25/2024 | 4/25/2029 | 10120 | 9982 | 10064 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Professional Education, LLC |  | SF | 6.36% | 10.03% | 7/17/2025 | 4/25/2029 | 4009 | 3942 | 3988 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Professional Education, LLC (Delayed Draw) | (19)(20) | SF | 6.36% | 10.03% | 7/17/2025 | 4/25/2029 | 7357 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Professional Education, LLC (Revolver) | (19) | SF | 6.36% | 10.03% | 4/25/2024 | 4/25/2029 | 1471 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whistler Parent Holdings III, Inc. |  | SF | 6.85% | 10.52% PIK | 5/28/2024 | 6/2/2028 | 3283 | 3283 | 3283 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whistler Parent Holdings III, Inc. (Revolver) | (19) | SF | 6.85% | 10.52% PIK | 10/25/2024 | 6/2/2028 | 4243 | 3580 | 3580 | 0.1% |
|  |  |  |  |  |  |  | 30483 | 20787 | 20915 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;**High Tech Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearlyRated Capital, LLC |  | SF | 6.50% | 10.17% | 4/21/2025 | 4/21/2030 | 1425 | 1400 | 1425 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearlyRated Capital, LLC (Delayed Draw) | (19)(20) | SF | 6.50% | 10.17% | 4/21/2025 | 4/21/2030 | 1077 |  |  | 0.0% |
|  |  |  |  |  |  |  | 2502 | 1400 | 1425 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Business** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nastel Technologies, LLC | (7) | SF | 6.11% | 9.78% | 9/21/2022 | 9/21/2027 | 3500 | 3467 | 3500 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nastel Technologies, LLC (Revolver) | (19) | SF | 6.11% | 9.78% | 9/21/2022 | 9/21/2027 | 368 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zodega Landscaping, LLC | (7) | SF | 7.86% | 11.53% | 10/6/2023 | 10/6/2028 | 12219 | 11917 | 12219 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zodega Landscaping, LLC (Revolver) | (19) | SF | 7.86% | 11.53% | 10/6/2023 | 10/6/2028 | 1984 | 397 | 397 | 0.0% |
|  |  |  |  |  |  |  | 18071 | 15781 | 16116 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Consumer** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YBR OZ ECE, LLC | (8) | SF | 5.86% | 9.53% | 1/23/2025 | 1/23/2030 | 1985 | 1954 | 1988 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YBR OZ ECE, LLC (Delayed Draw) | (19)(20) | SF | 5.86% | 9.53% | 1/23/2025 | 1/23/2030 | 2497 | 897 | 899 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YBR OZ ECE, LLC (Revolver) | (19) | SF | 5.86% | 9.53% | 1/23/2025 | 1/23/2030 | 375 |  |  | 0.0% |
|  |  |  |  |  |  |  | 4857 | 2851 | 2887 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Transportation: Cargo** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FLEET Response, LLC | (21) | SF | 5.15% | 8.87% PIK | 3/25/2026 | 3/25/2029 | 8851 | 8851 | 8851 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FLEET Response, LLC (Revolver) | (19)(21) | SF | 5.15% | 8.87% PIK | 3/25/2026 | 3/25/2029 | 1897 | 379 | 379 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SheerTrans Solutions, LLC |  | SF | 8.11% | 11.78% PIK | 7/29/2022 | 7/29/2028 | 5859 | 5826 | 5858 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SheerTrans Solutions, LLC |  | SF | 8.11% | 11.78% PIK | 2/15/2024 | 7/29/2028 | 1673 | 1654 | 1673 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SheerTrans Solutions, LLC (Revolver) | (19) | SF | 8.11% | 11.78% PIK | 7/29/2022 | 7/29/2028 | 1506 |  |  | 0.0% |
|  |  |  |  |  |  |  | 19786 | 16710 | 16761 | 0.6% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Affiliate Senior Secured Loans** |  |  |  |  |  |  | **93113** | **70805** | **71910** | **2.6%** |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;**Junior Secured Loans** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;**Automotive** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTR Opco LLC | (21) | n/a | n/a | 7.50% PIK | 6/21/2024 | 12/31/2027 | 1829 | $1692 | $167 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTR Opco LLC | (21) | n/a | n/a | 5.00% PIK | 6/21/2024 | 12/31/2027 | 9423 | 8716 |  | 0.0% |
|  |  |  |  |  |  |  | 11252 | 10408 | 167 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jumpstart Holdco, Inc. (Delayed Draw) | (19)(20)(21) | SF | 2.10% | 5.77% PIK | 12/23/2025 | 6/30/2029 | 8225 | 3279 | 4977 | 0.2% |
|  |  |  |  |  |  |  | 8225 | 3279 | 4977 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Real Estate** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFR Holdco, LLC | (12) | n/a | n/a | 8.00% | 8/6/2021 | 8/11/2028 | 5850 | 5850 | 5832 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFR Holdco, LLC | (12) | n/a | n/a | 8.00% | 3/1/2022 | 8/11/2028 | 4387 | 4387 | 4815 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFR Holdco 2, LLC | (12) | n/a | n/a | 8.00% | 10/24/2024 | 10/23/2029 | 5119 | 5119 | 4888 | 0.2% |
|  |  |  |  |  |  |  | 15356 | 15356 | 15535 | 0.6% |
| &nbsp;&nbsp;&nbsp;**Healthcare & Pharmaceuticals** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whistler Parent Holdings III, Inc. |  | SF | 6.85% | 10.52% PIK | 10/25/2024 | 6/2/2028 | 29340 | 29155 | 14729 | 0.5% |
|  |  |  |  |  |  |  | 29340 | 29155 | 14729 | 0.5% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Affiliate Junior Secured Loans** |  |  |  |  |  |  | **64173** | **58198** | **35408** | **1.3%** |
| &nbsp;&nbsp;&nbsp;**Equity Investments (15)(16)(18)** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MC Aviation Limited (commitment to purchase up to 40.0% of the equity) |  |  |  |  | 9/4/2025 |  |  | 22809 | 24651 | 0.9% |
|  |  |  |  |  |  |  |  | 22809 | 24651 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Automotive** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTR Opco LLC (622 Class A common units) |  |  |  |  | 6/21/2024 |  |  | 639 |  | 0.0% |
|  |  |  |  |  |  |  |  | 639 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engineered Metal Solutions, Inc. (7,413 Class A units) |  |  |  |  | 9/22/2025 |  |  | 7413 | 8005 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jumpstart Holdco, Inc. (188,000 Class A common units) |  |  |  |  | 12/23/2025 |  |  | 23636 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jumpstart Holdco, Inc. (1,566,667 Class A units) |  |  |  |  | 4/19/2022 |  |  | 1567 |  | 0.0% |
|  |  |  |  |  |  |  |  | 32616 | 8005 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Environmental Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baystate Sewage Disposal, LLC (8,841,724 Class A-1 preferred units) |  | n/a | n/a | 8.00% PIK  | 6/30/2025 |  |  | 8842 | 8752 | 0.3% |
|  |  |  |  |  |  |  |  | 8842 | 8752 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Finance** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MC Voyager SPV II LLC ($20,797 of $45,000 equity commitment funded) | (12)(42) |  |  |  | 3/28/2025 |  |  | 20797 | 20797 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NFS Intermediate HoldCo, LLC (53,255 Series B preferred units) | (12)(17) |  |  |  | 5/1/2025 |  |  | 53255 | 61903 | 2.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Triad Financial Services, Inc. ($6,902 of $41,855 equity commitment funded) | (12)(31) |  |  |  | 6/13/2024 |  |  | 6902 | 6902 | 0.3% |
|  |  |  |  |  |  |  |  | 80954 | 89602 | 3.2% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Real Estate** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFR Holdco, LLC (13.9% of equity commitments) | (12) |  |  |  | 8/6/2021 |  |  | $3900 | $5016 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFR Holdco, LLC (10.5% of equity commitments) | (12) |  |  |  | 3/1/2022 |  |  | 2925 | 3762 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFR Holdco 2, LLC (24.4% of equity commitments) | (12) |  |  |  | 10/24/2024 |  |  | 3412 | 3552 | 0.1% |
|  |  |  |  |  |  |  |  | 10237 | 12330 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Healthcare & Pharmaceuticals** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Professional Education, LLC (19,762 Class A units) | (17) |  |  |  | 4/25/2024 |  |  | 19761 | 18126 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whistler Parent Holdings III, Inc. (518,970 Series A preferred stock) |  |  |  |  | 10/25/2024 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whistler Parent Holdings III, Inc. (116,083 Series B preferred stock) |  |  |  |  | 10/25/2024 |  |  |  |  | 0.0% |
|  |  |  |  |  |  |  |  | 19761 | 18126 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;**High Tech Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearlyRated Capital, LLC (7,093,224 Class A units) | (17) |  |  |  | 6/1/2023 |  |  | 7093 | 7281 | 0.3% |
|  |  |  |  |  |  |  |  | 7093 | 7281 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Business** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nastel Technologies, LLC (3,408 Class A units) | (17) |  |  |  | 9/21/2022 |  |  | 3408 | 5644 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zodega Landscaping, LLC (146,757 preferred interests) | (32) |  |  |  | 10/6/2023 |  |  | 14676 | 18958 | 0.7% |
|  |  |  |  |  |  |  |  | 18084 | 24602 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Consumer** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YBR OZ ECE, LLC (6,875 Class A units) |  |  |  |  | 1/23/2025 |  |  | 6875 | 6875 | 0.2% |
|  |  |  |  |  |  |  |  | 6875 | 6875 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Transportation: Cargo** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FLEET Response, LLC (177,011 common units) |  |  |  |  | 3/25/2026 |  |  | 16054 | 3670 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FLEET Response, LLC (177,011 preferred units) |  |  |  |  | 3/25/2026 |  |  | 1770 | 2655 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FLEET Response, LLC (46,462 Series A preferred units) | (17)(21) | n/a | n/a | 10.00% PIK | 12/30/2024 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FLEET Response, LLC (838,077 common units) | (17) |  |  |  | 1/12/2022 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SheerTrans Solutions, LLC (3,042,264 Class A preferred interests) | (17) |  |  |  | 2/15/2024 |  |  | 3042 | 4717 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SheerTrans Solutions, LLC (4,692,038 Class B preferred interests) | (17) |  |  |  | 7/11/2025 |  |  | 4692 | 7273 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SheerTrans Solutions, LLC (9,191,624 preferred interests) | (17) |  |  |  | 7/29/2022 |  |  | 9192 |  | 0.0% |
|  |  |  |  |  |  |  |  | 34750 | 18315 | 0.7% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Affiliate Equity Investments** |  |  |  |  |  |  |  | **242660** | **218539** | **7.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Non-Controlled/Affiliate Company Investments** |  |  |  |  |  |  |  | $**371663** | $**325857** | **11.8%** |
| **TOTAL INVESTMENTS** |  |  |  |  |  |  |  | $**5916273** | $**5804557** | **208.5%** |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

**Derivative Instruments**

***Foreign currency forward contracts***

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Notional Amount <br>to be Purchased** | **Notional Amount <br>to be Sold** | **Notional Amount <br>to be Sold** | **Counterparty** | **Settlement <br>Date** | **Unrealized Gain<br>(Loss)** |
| Foreign currency forward contract | $220 | AUD | 335 | Bannockburn Global Forex, LLC | 4/2/2026 | $(12) |
| Foreign currency forward contract | $210 | AUD | 324 | Bannockburn Global Forex, LLC | 6/11/2026 | (14) |
| Foreign currency forward contract | $190 | AUD | 291 | Bannockburn Global Forex, LLC | 7/3/2026 | (11) |
| Foreign currency forward contract | $212 | AUD | 328 | Bannockburn Global Forex, LLC | 9/11/2026 | (14) |
| Foreign currency forward contract | $183 | AUD | 283 | Bannockburn Global Forex, LLC | 10/2/2026 | (12) |
| Foreign currency forward contract | $210 | AUD | 324 | Bannockburn Global Forex, LLC | 12/11/2026 | (14) |
| Foreign currency forward contract | $176 | AUD | 273 | Bannockburn Global Forex, LLC | 1/5/2027 | (13) |
| Foreign currency forward contract | $208 | AUD | 321 | Bannockburn Global Forex, LLC | 3/11/2027 | (13) |
| Foreign currency forward contract | $168 | AUD | 262 | Bannockburn Global Forex, LLC | 4/5/2027 | (13) |
| Foreign currency forward contract | $212 | AUD | 328 | Bannockburn Global Forex, LLC | 6/11/2027 | (13) |
| Foreign currency forward contract | $167 | AUD | 263 | Bannockburn Global Forex, LLC | 7/2/2027 | (14) |
| Foreign currency forward contract | $213 | AUD | 328 | Bannockburn Global Forex, LLC | 9/13/2027 | (14) |
| Foreign currency forward contract | $168 | AUD | 266 | Bannockburn Global Forex, LLC | 10/5/2027 | (16) |
| Foreign currency forward contract | $210 | AUD | 324 | Bannockburn Global Forex, LLC | 12/13/2027 | (13) |
| Foreign currency forward contract | $167 | AUD | 266 | Bannockburn Global Forex, LLC | 1/5/2028 | (17) |
| Foreign currency forward contract | $210 | AUD | 324 | Bannockburn Global Forex, LLC | 3/13/2028 | (14) |
| Foreign currency forward contract | $167 | AUD | 268 | Bannockburn Global Forex, LLC | 4/5/2028 | (19) |
| Foreign currency forward contract | $212 | AUD | 328 | Bannockburn Global Forex, LLC | 6/13/2028 | (13) |
| Foreign currency forward contract | $19945 | AUD | 32268 | Bannockburn Global Forex, LLC | 7/5/2028 | (2320) |
| Foreign currency forward contract | $155 | CAD | 219 | Bannockburn Global Forex, LLC | 4/6/2026 | (2) |
| Foreign currency forward contract | $217 | CAD | 298 | Bannockburn Global Forex, LLC | 7/3/2026 | 3 |
| Foreign currency forward contract | $96 | CAD | 139 | Bannockburn Global Forex, LLC | 7/6/2026 | (4) |
| Foreign currency forward contract | $317 | CAD | 443 | Bannockburn Global Forex, LLC | 10/5/2026 | (1) |
| Foreign currency forward contract | $346 | CAD | 484 | Bannockburn Global Forex, LLC | 1/5/2027 | (1) |
| Foreign currency forward contract | $339 | CAD | 474 | Bannockburn Global Forex, LLC | 4/5/2027 | (2) |
| Foreign currency forward contract | $344 | CAD | 481 | Bannockburn Global Forex, LLC | 7/6/2027 | (2) |
| Foreign currency forward contract | $8831 | CAD | 12777 | Bannockburn Global Forex, LLC | 8/16/2027 | (350) |
| Foreign currency forward contract | $252 | CAD | 348 | Bannockburn Global Forex, LLC | 10/5/2027 | 1 |
| Foreign currency forward contract | $253 | CAD | 351 | Bannockburn Global Forex, LLC | 1/4/2028 | 1 |
| Foreign currency forward contract | $250 | CAD | 348 | Bannockburn Global Forex, LLC | 4/4/2028 | 1 |
| Foreign currency forward contract | $250 | CAD | 347 | Bannockburn Global Forex, LLC | 7/5/2028 |  |
| Foreign currency forward contract | $252 | CAD | 351 | Bannockburn Global Forex, LLC | 10/3/2028 |  |
| Foreign currency forward contract | $11206 | CAD | 15629 | Bannockburn Global Forex, LLC | 1/3/2029 | (25) |
| Foreign currency forward contract | $370 | EUR | 351 | Bannockburn Global Forex, LLC | 4/6/2026 | (36) |
| Foreign currency forward contract | $49 | EUR | 43 | Bannockburn Global Forex, LLC | 5/8/2026 |  |
| Foreign currency forward contract | $373 | EUR | 354 | Bannockburn Global Forex, LLC | 7/6/2026 | (36) |
| Foreign currency forward contract | $51 | EUR | 44 | Bannockburn Global Forex, LLC | 8/10/2026 |  |
| Foreign currency forward contract | $376 | EUR | 356 | Bannockburn Global Forex, LLC | 10/6/2026 | (36) |
| Foreign currency forward contract | $51 | EUR | 44 | Bannockburn Global Forex, LLC | 11/10/2026 |  |
| Foreign currency forward contract | $374 | EUR | 354 | Bannockburn Global Forex, LLC | 1/6/2027 | (35) |
| Foreign currency forward contract | $58 | EUR | 50 | Bannockburn Global Forex, LLC | 2/10/2027 |  |
| Foreign currency forward contract | $363 | EUR | 343 | Bannockburn Global Forex, LLC | 4/6/2027 | (34) |
| Foreign currency forward contract | $56 | EUR | 49 | Bannockburn Global Forex, LLC | 5/10/2027 |  |
| Foreign currency forward contract | $365 | EUR | 345 | Bannockburn Global Forex, LLC | 7/6/2027 | (34) |
| Foreign currency forward contract | $58 | EUR | 50 | Bannockburn Global Forex, LLC | 8/10/2027 |  |
| Foreign currency forward contract | $367 | EUR | 347 | Bannockburn Global Forex, LLC | 10/6/2027 | (34) |
| Foreign currency forward contract | $59 | EUR | 51 | Bannockburn Global Forex, LLC | 11/10/2027 |  |
| Foreign currency forward contract | $380 | EUR | 359 | Bannockburn Global Forex, LLC | 1/6/2028 | (34) |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Notional Amount <br>to be Purchased** | **Notional Amount <br>to be Sold** | **Notional Amount <br>to be Sold** | **Counterparty** | **Settlement <br>Date** | **Unrealized Gain<br>(Loss)** |
| Foreign currency forward contract | $60 | EUR | 52 | Bannockburn Global Forex, LLC | 2/10/2028 | $— |
| Foreign currency forward contract | $57 | EUR | 49 | Bannockburn Global Forex, LLC | 5/10/2028 |  |
| Foreign currency forward contract | $2906 | EUR | 2500 | Bannockburn Global Forex, LLC | 8/10/2028 | 16 |
| Foreign currency forward contract | $124 | GBP | 94 | Bannockburn Global Forex, LLC | 4/3/2026 |  |
| Foreign currency forward contract | $317 | GBP | 246 | Bannockburn Global Forex, LLC | 4/7/2026 | (8) |
| Foreign currency forward contract | $124 | GBP | 93 | Bannockburn Global Forex, LLC | 7/3/2026 |  |
| Foreign currency forward contract | $328 | GBP | 254 | Bannockburn Global Forex, LLC | 7/6/2026 | (9) |
| Foreign currency forward contract | $124 | GBP | 94 | Bannockburn Global Forex, LLC | 10/5/2026 |  |
| Foreign currency forward contract | $332 | GBP | 259 | Bannockburn Global Forex, LLC | 10/6/2026 | (10) |
| Foreign currency forward contract | $137 | GBP | 104 | Bannockburn Global Forex, LLC | 1/5/2027 |  |
| Foreign currency forward contract | $341 | GBP | 266 | Bannockburn Global Forex, LLC | 1/6/2027 | (10) |
| Foreign currency forward contract | $133 | GBP | 101 | Bannockburn Global Forex, LLC | 4/5/2027 | (1) |
| Foreign currency forward contract | $331 | GBP | 258 | Bannockburn Global Forex, LLC | 4/6/2027 | (10) |
| Foreign currency forward contract | $134 | GBP | 102 | Bannockburn Global Forex, LLC | 7/5/2027 | (1) |
| Foreign currency forward contract | $332 | GBP | 259 | Bannockburn Global Forex, LLC | 7/6/2027 | (11) |
| Foreign currency forward contract | $135 | GBP | 103 | Bannockburn Global Forex, LLC | 10/5/2027 | (1) |
| Foreign currency forward contract | $135 | GBP | 103 | Bannockburn Global Forex, LLC | 1/5/2028 | (1) |
| Foreign currency forward contract | $133 | GBP | 102 | Bannockburn Global Forex, LLC | 4/5/2028 | (1) |
| Foreign currency forward contract | $87 | GBP | 66 | Bannockburn Global Forex, LLC | 7/5/2028 | (1) |
| Foreign currency forward contract | $5581 | GBP | 4274 | Bannockburn Global Forex, LLC | 10/4/2028 | (71) |
|  |  |  |  |  |  | $(3348) |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

____________________________________________________

<sup>(1)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940, as amended, (the "1940 Act"), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted.

<sup>(2)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The majority of the investments bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate ("SOFR" or "SF"), Prime Rate ("Prime" or "P"), Bank Bill Swap Rate ("BBSW" or "BB"), Sterling Overnight Index Average Rate ("SONIA" or "SN"), Canadian Overnight Repo Rate Average ("CORRA" or "CA"), or Euro Interbank Offered Rate ("Euribor" or "EU"), each of which reset daily, monthly, quarterly, or semiannually. For each such investment, the Company has provided the spread over SOFR, Prime, BBSW, SONIA, CORRA, or EU, as applicable, and the current contractual interest rate in effect at March 31, 2026. Certain investments may be subject to an interest rate floor or rate cap. Certain investments contain a payment-in-kind ("PIK") provision.

<sup>(3)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Except as otherwise noted, all of the Company's portfolio company investments, which as of March 31, 2026 represented 208.5% of the Company's net assets or 94.2% of the Company's total assets, are subject to legal restrictions on sales.

<sup>(4)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Except as otherwise noted, because there is no readily available market value for these investments, the fair value of each of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee (see Note 4 in the accompanying notes to the consolidated financial statements).

<sup>(5)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Percentages are based on net assets of $2,783,366 as of March 31, 2026.

<sup>(6)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in MC Income Plus Financing SPV LLC (the "SPV") as collateral for the Company's secured revolving credit facility (the "SPV Credit Facility") with KeyBank National Association (see Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(7)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in Monroe Capital Income Plus ABS Funding, LLC (the "2022 Issuer") as collateral for the Company's asset-backed securitization (the "2022 ABS"). (See Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(8)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in MC Income Plus Financing SPV II LLC (the "SPV II") as collateral for the Company's senior secured credit facility (the "SPV II Credit Facility") with KeyBank National Association (see Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(9)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in Monroe Capital Income Plus ABS Funding II, LLC (the "2023 Issuer") as collateral for the Company's asset-backed securitization (the "2023 ABS"). (See Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(10)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in MC Income Plus Financing SPV III LLC (the "SPV III") as collateral for the Company's secured revolving credit facility (the "SPV III Credit Facility") with Goldman Sachs Bank USA (see Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(11)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in MC Income Plus Financing SPV IV LLC (the "SPV IV") as collateral for the Company's secured revolving credit facility (the "SPV IV Credit Facility") with Capital One, National Association (see Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(12)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This investment is treated as a non-qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company's total assets. As of March 31, 2026, non-qualifying assets totaled 12.7% of the Company's total assets.

<sup>(13)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The Company structures its unitranche secured loans as senior secured loans. The Company obtains security interests in the assets of these portfolio companies that serve as collateral in support of the repayment of these loans. This collateral may take the form of first-priority liens on the assets of a portfolio company. Generally, the Company syndicates a "first out" portion of the loan to an investor and retains a "last out" portion of the loan, in which case the "first out" portion of the loan will generally receive priority with respect to payments of principal, interest and any other amounts due thereunder. Unitranche structures combine characteristics of traditional first lien senior secured as well as second lien and subordinated loans and the Company's unitranche secured loans will expose the Company to the risks associated with second lien and subordinated loans and may limit the Company's recourse or ability to recover collateral upon a portfolio company's bankruptcy. Unitranche secured loans typically provide for moderate loan amortization in the initial years of the facility, with the majority of the amortization deferred until loan maturity. Unitranche secured loans generally allow the borrower to make a large lump sum payment of principal at the end of the loan term, and there is a risk of loss if the borrower is unable to pay the lump sum or refinance the amount owed at maturity. In many cases the Company, together with its affiliates, is the sole or majority lender of these unitranche secured loans, which can afford the Company additional influence with a borrower in terms of monitoring and, if necessary, remediation in the event of underperformance.

<sup>(14)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Represents less than 5% ownership of the portfolio company's voting securities.

<sup>(15)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Ownership of certain equity investments may occur through a holding company or partnership.

<sup>(16)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Investments without an interest rate are non-income producing.

<sup>(17)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company's wholly-owned taxable subsidiaries.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**(unaudited)**

**March 31, 2026**

**(in thousands, except for shares and units)**

<sup>(18)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As defined in the 1940 Act, the Company is deemed to be an "Affiliated Person" of the portfolio company as it owns 5% or more of the portfolio company's voting securities. See Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was an Affiliated Person (but not a portfolio company that the Company is deemed to control).

<sup>(19)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this commitment was unfunded at March 31, 2026. As such, interest is earned only on the funded portion of this commitment.

<sup>(20)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This delayed draw loan requires that certain financial covenants be met by the portfolio company prior to any fundings by the Company.

<sup>(21)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This position was on non-accrual status as of March 31, 2026, meaning that the Company has ceased accruing interest income on the position. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company's accounting policies.

<sup>(22)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This loan is denominated in Canadian dollars and is translated into U.S. dollars as of the valuation date.

<sup>(23)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This loan is denominated in Great Britain pounds and is translated into U.S. dollars as of the valuation date.

<sup>(24)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This loan is denominated in Euros and is translated into U.S. dollars as of the valuation date.

<sup>(25)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This loan is denominated in Australian dollars and is translated into U.S. dollars as of the valuation date.

<sup>(26)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The investment is subject to a servicing agreement whereby the Company earns a pooled effective yield of 14.7%.

<sup>(27)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in MC Income Plus Financing SPV V LLC (the "SPV V") as collateral for the Company's secured revolving credit facility (the "SPV V Credit Facility") with Capital One, National Association (see Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(28)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This is a demand note with no stated maturity.

<sup>(29)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The fair value of this investment was valued using Level 1 inputs. See Note 4 in the accompanying notes to the consolidated financial statements.

<sup>(30)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of March 31, 2026, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $257.

<sup>(31)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of March 31, 2026, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $34,953 for a total commitment of $41,855.

<sup>(32)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of March 31, 2026, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $1,197.

<sup>(33)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of March 31, 2026, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $835.

<sup>(34)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Investment position or portion thereof unsettled as of March 31, 2026.

<sup>(35)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The headquarters of this portfolio company is located in Australia.

<sup>(36)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The headquarters of this portfolio company is located in Canada.

<sup>(37)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The headquarters of this portfolio company is located in Finland.

<sup>(38)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The headquarters of this portfolio company is located in Luxembourg.

<sup>(39)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Reserved.

<sup>(40)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The headquarters of this portfolio company is located in United Kingdom.

<sup>(41)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of March 31, 2026, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $1,091 for a total commitment of $3,536.

<sup>(42)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of March 31, 2026, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $24,203 for a total commitment of $45,000.

<sup>(43)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of March 31, 2026, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $884.

<sup>(44)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in Monroe Capital Income Plus ABS Funding III, LLC (the "2025 Issuer") as collateral for the Company's asset-backed securitization (the "2025 ABS") (see Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(45)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of March 31, 2026, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $889.

<sup>(46)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of March 31, 2026, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $556.

n/a - not applicable

See Notes to Consolidated Financial Statements.

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| **Non-Controlled/Non-Affiliate Company Investments** | | | | | | | | | | |
| &nbsp;&nbsp;**Senior Secured Loans** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Transport Components Acquisition, LLC | (8) | SF | 4.50% | 8.49% | 6/18/2025 | 6/18/2031 | 7000 | $6918 | $7000 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Transport Components Acquisition, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.34% | 6/18/2025 | 6/18/2031 | 5600 | 1400 | 1400 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Transport Components Acquisition, LLC (Revolver) | (19) | SF | 4.50% | 8.34% | 6/18/2025 | 6/18/2031 | 2100 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;API Holdings III Corp. |  | SF | 7.00% | 4.67% Cash/ 6.00% PIK | 11/3/2023 | 3/25/2027 | 166 | 166 | 170 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engineering Research and Consulting, LLC |  | SF | 5.00% | 8.67% | 8/14/2025 | 8/29/2031 | 7960 | 7807 | 5811 | 0.2% |
|  |  |  |  |  |  |  | 22826 | 16291 | 14381 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Automotive** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Auto Auction Group, LLC |  | SF | 4.50% | 8.17% | 10/3/2025 | 5/28/2032 | 9975 | 10072 | 9824 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Burgess Point Purchaser Corporation | (6) | SF | 5.35% | 9.19% | 6/30/2022 | 7/25/2029 | 4850 | 4555 | 4143 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excel Testing and Engineering Holdings LLC | (8) | SF | 4.50% | 8.19% | 12/22/2025 | 12/22/2031 | 3000 | 2970 | 2970 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excel Testing and Engineering Holdings LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.19% | 12/22/2025 | 12/22/2031 | 5000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excel Testing and Engineering Holdings LLC (Revolver) | (19) | SF | 4.50% | 8.19% | 12/22/2025 | 12/22/2031 | 1000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Brands Group, LLC | (21) | SF | 10.00% | 5.39% Cash/ 8.45% PIK | 10/2/2025 | 6/29/2026 | 13935 | 11577 | 3379 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lifted Trucks Holdings, LLC | (7)(8) | SF | 5.35% | 9.22% | 8/2/2021 | 11/1/2028 | 9600 | 9537 | 9600 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lifted Trucks Holdings, LLC | (8) | SF | 5.35% | 9.22% | 8/11/2025 | 11/1/2028 | 11907 | 11745 | 11907 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lifted Trucks Holdings, LLC (Revolver) | (19) | SF | 5.35% | 9.22% | 8/2/2021 | 11/1/2028 | 3175 | 1190 | 1190 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Panda Acquisition, LLC |  | SF | 8.60% | 12.47% PIK | 12/20/2022 | 10/18/2030 | 11396 | 10402 | 9630 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Power Stop, LLC | (11) | SF | 4.85% | 8.55% | 3/26/2024 | 1/26/2029 | 5445 | 5145 | 4584 | 0.2% |
|  |  |  |  |  |  |  | 79283 | 67193 | 57227 | 1.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Banking** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Receivables II, LLC | (12)(21) | SF | 9.75% | 13.62% | 7/29/2021 | 7/29/2026 | 10125 | 9672 | 4452 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StarCompliance MidCo, LLC | (9)(27) | SF | 5.85% | 9.52% | 5/31/2023 | 1/12/2027 | 441 | 437 | 441 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StarCompliance MidCo, LLC | (7)(9)(27)(46) | SF | 5.85% | 9.52% | 1/12/2021 | 1/12/2027 | 27375 | 27251 | 27375 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StarCompliance MidCo, LLC | (7)(46) | SF | 5.85% | 9.52% | 10/12/2021 | 1/12/2027 | 4253 | 4234 | 4253 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StarCompliance MidCo, LLC | (46) | SF | 5.85% | 9.52% | 12/12/2024 | 1/12/2027 | 2509 | 2484 | 2509 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StarCompliance MidCo, LLC (Revolver) | (19) | SF | 5.85% | 9.52% | 1/12/2021 | 1/12/2027 | 4234 | 1651 | 1651 | 0.1% |
|  |  |  |  |  |  |  | 48937 | 45729 | 40681 | 1.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Beverage, Food & Tobacco** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alpine Pet OpCo, LLC | (8) | SF | 5.00% | 8.87% | 11/18/2025 | 11/18/2031 | 22000 | 21728 | 21725 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alpine Pet OpCo, LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.87% | 11/18/2025 | 11/18/2031 | 11000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alpine Pet OpCo, LLC (Revolver) | (19) | SF | 5.00% | 8.87% | 11/18/2025 | 11/18/2031 | 8800 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caputo Cheese Interco Corp. | (8) | SF | 5.00% | 8.87% | 6/30/2025 | 6/30/2030 | 14962 | 14750 | 15000 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caputo Cheese Interco Corp. (Revolver) | (19) | SF | 5.00% | 8.87% | 6/30/2025 | 6/30/2030 | 2500 | 750 | 750 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demakes Borrower, LLC | (8) | SF | 6.00% | 9.67% | 12/15/2023 | 12/12/2029 | 4780 | 4695 | 4780 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Izzio Artisan Bakery, LLC | (9)(11) | SF | 6.25% | 9.97% | 9/27/2024 | 9/27/2029 | 14319 | 14092 | 14369 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Izzio Artisan Bakery, LLC | (6)(8) | SF | 6.25% | 9.97% | 9/27/2024 | 9/27/2029 | 10282 | 10282 | 10318 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Izzio Artisan Bakery, LLC (Delayed Draw) | (19)(20) | SF | 6.25% | 9.97% | 8/15/2025 | 9/27/2029 | 31008 | 18994 | 19060 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Max US Bidco Inc. |  | SF | 5.00% | 8.67% | 8/1/2025 | 10/2/2030 | 9949 | 9916 | 7796 | 0.3% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nellson Nutraceutical, LLC | (8)(27) | SF | 5.75% | 9.42% | 5/9/2025 | 4/17/2031 | 24938 | $24588 | $25025 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nellson Nutraceutical, LLC | (8) | SF | 5.75% | 9.42% | 4/17/2025 | 4/17/2031 | 7403 | 7300 | 7429 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nellson Nutraceutical, LLC (Delayed Draw) | (19)(20) | SF | 5.75% | 9.42% | 4/17/2025 | 4/17/2031 | 1953 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nellson Nutraceutical, LLC (Revolver) | (19) | SF | 5.75% | 9.42% | 4/17/2025 | 4/17/2031 | 5078 | 1094 | 1098 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PFI Lower Midco, LLC | (8) | SF | 4.00% | 7.87% | 11/14/2025 | 12/1/2030 | 5500 | 5445 | 5548 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Baked Goods Holdings, LLC | (8) | SF | 4.75% | 8.42% | 5/1/2025 | 5/1/2031 | 8955 | 8849 | 8964 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Baked Goods Holdings, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.42% | 5/1/2025 | 5/1/2031 | 3750 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Baked Goods Holdings, LLC (Revolver) | (19) | SF | 4.75% | 8.42% | 5/1/2025 | 5/1/2031 | 1250 |  |  | 0.0% |
|  |  |  |  |  |  |  | 188427 | 142483 | 141862 | 5.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Capital Equipment** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (12)(21)(22) | SF | 6.40% | 6.09% Cash/ 4.00% PIK | 3/31/2025 | 8/11/2027 | 5480 | 5143 | 5644 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (21) | SF | 6.15% | 5.84% Cash/ 4.00% PIK | 3/31/2025 | 8/11/2027 | 4402 | 4083 | 4533 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automated Industrial Robotics US HoldCo Inc. | (12)(24) | n/a | n/a | n/a | 8/5/2025 | 8/5/2032 | 2928 | 2857 | 2935 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automated Industrial Robotics US HoldCo Inc. | (12)(23) | SN | 5.00% | 8.97% | 8/5/2025 | 8/5/2032 | 5862 | 5728 | 5876 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automated Industrial Robotics US HoldCo Inc. | (8) | SF | 5.00% | 8.90% | 8/5/2025 | 8/5/2032 | 5778 | 5721 | 5792 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automated Industrial Robotics US HoldCo Inc. (Delayed Draw) | (19)(20) | n/a | n/a | n/a | 8/5/2025 | 8/5/2032 | 11111 | 3972 | 3982 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automated Industrial Robotics US HoldCo Inc. (Revolver) | (19) | SF | 5.00% | 7.13% | 8/5/2025 | 8/5/2032 | 4445 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BLP Buyer, Inc. | (6)(8)(9)(10)(11) | SF | 6.25% | 9.97% | 12/22/2023 | 12/21/2029 | 49250 | 48530 | 49250 | 1.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BLP Buyer, Inc. | (6) | SF | 6.25% | 9.97% | 5/8/2024 | 12/21/2029 | 1876 | 1847 | 1876 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BLP Buyer, Inc. | (27) | SF | 6.25% | 9.97% | 12/21/2023 | 12/21/2029 | 5925 | 5925 | 5925 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BLP Buyer, Inc. | (8) | SF | 6.25% | 10.29% | 8/29/2025 | 12/21/2029 | 1080 | 1064 | 1083 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BLP Buyer, Inc. | (8) | SF | 6.25% | 9.97% | 9/26/2025 | 12/21/2029 | 1500 | 1479 | 1505 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BLP Buyer, Inc. (Revolver) | (19) | SF | 6.25% | 9.97% | 12/22/2023 | 12/21/2029 | 6849 | 5225 | 5225 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CGI Automated Manufacturing, LLC | (6) | SF | 7.11% | 10.83% | 9/9/2022 | 12/17/2028 | 8743 | 8680 | 8710 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CGI Automated Manufacturing, LLC | (6) | SF | 7.11% | 10.83% | 9/30/2022 | 12/17/2028 | 5563 | 5532 | 5542 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CGI Automated Manufacturing, LLC | (6) | SF | 7.11% | 10.83% | 9/9/2022 | 12/17/2028 | 10645 | 10558 | 10605 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cleanova US Holdings LLC | (12)(41) | SF | 4.75% | 8.48% | 6/17/2025 | 6/12/2032 | 14250 | 13781 | 14321 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crusoe Energy Systems LLC |  | n/a | n/a | 15.00% | 11/13/2025 | 11/13/2029 | 14813 | 15101 | 15109 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crusoe Energy Systems LLC |  | n/a | n/a | 13.00% | 11/13/2025 | 11/13/2029 | 12203 | 12440 | 12447 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DS Parent, Inc. | (27) | SF | 5.50% | 9.17% | 12/15/2023 | 1/31/2031 | 19700 | 18901 | 18119 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IMMEC Buyer | (8) | SF | 5.00% | 8.87% | 9/19/2025 | 8/13/2031 | 8900 | 8772 | 8900 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IMMEC Buyer (Delayed Draw) | (19)(20) | SF | 5.00% | 8.87% | 8/13/2025 | 8/13/2031 | 4248 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IMMEC Buyer (Revolver) | (19) | SF | 5.00% | 8.87% | 8/13/2025 | 8/13/2031 | 2124 | 212 | 212 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incompass, LLC |  | SF | 7.75% | 11.54% | 12/20/2024 | 11/27/2028 | 2066 | 2031 | 2117 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incompass, LLC | (6)(10) | SF | 7.75% | 11.54% | 11/27/2023 | 11/27/2028 | 23520 | 23138 | 24096 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PrecisionX Group, LLC | (8) | SF | 6.76% | 10.75% | 8/16/2024 | 6/30/2028 | 2526 | 2482 | 2536 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PrecisionX Group, LLC | (8)(10)(11) | SF | 6.76% | 10.75% | 6/30/2023 | 6/30/2028 | 15640 | 15412 | 15640 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PrecisionX Group, LLC | (8) | SF | 6.76% | 10.75% | 5/20/2024 | 6/30/2028 | 8004 | 7868 | 8034 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PrecisionX Group, LLC | (27) | SF | 6.76% | 10.75% | 6/30/2023 | 6/30/2028 | 5929 | 5929 | 5929 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PrecisionX Group, LLC | (27) | SF | 6.76% | 10.75% | 5/20/2024 | 6/30/2028 | 5944 | 5944 | 5966 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PrecisionX Group, LLC | (6) | SF | 6.76% | 10.75% | 8/16/2024 | 6/30/2028 | 3721 | 3721 | 3735 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PrecisionX Group, LLC | (6) | SF | 6.50% | 10.49% | 8/15/2025 | 6/30/2028 | 1797 | 1773 | 1803 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PrecisionX Group, LLC (Revolver) | (19) | SF | 6.76% | 10.75% | 6/30/2023 | 6/30/2028 | 3002 | 600 | 600 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tavoron Buyer Corp. | (27) | SF | 5.00% | 8.99% | 2/21/2025 | 1/22/2031 | 7562 | 7462 | 7600 | 0.3% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tavoron Buyer Corp. (Delayed Draw) | (19)(20) | SF | 5.00% | 8.99% | 1/22/2025 | 1/22/2031 | 8023 | $1065 | $1070 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tavoron Buyer Corp. (Revolver) | (12)(19)(22) | SF | 5.00% | 8.99% | 1/22/2025 | 1/22/2031 | 195 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tavoron Buyer Corp. (Revolver) | (19) | SF | 5.00% | 8.99% | 1/22/2025 | 1/22/2031 | 1338 |  |  | 0.0% |
|  |  |  |  |  |  |  | 296942 | 262976 | 266717 | 9.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Chemicals, Plastics & Rubber** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMCO Holdco LLC |  | SF | 5.00% | 8.72% | 12/9/2025 | 12/9/2032 | 43150 | 42719 | 42719 | 1.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMCO Holdco LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.72% | 12/9/2025 | 12/9/2032 | 8440 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMCO Holdco LLC (Revolver) | (19) | SF | 5.00% | 8.72% | 12/9/2025 | 12/9/2030 | 11037 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resin Solutions LLC | (8) | SF | 5.00% | 8.74% | 8/15/2025 | 8/15/2031 | 10973 | 10867 | 10973 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resin Solutions LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.74% | 8/15/2025 | 8/15/2031 | 2241 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resin Solutions LLC (Revolver) | (19) | SF | 5.00% | 8.74% | 8/15/2025 | 8/15/2031 | 1222 |  |  | 0.0% |
|  |  |  |  |  |  |  | 77063 | 53586 | 53692 | 1.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Construction & Building** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guardian Restoration Partners Buyer, LLC | (10)(46) | SF | 5.00% | 8.67% | 11/14/2024 | 11/1/2031 | 11910 | 11781 | 11910 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guardian Restoration Partners Buyer, LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.67% | 11/1/2024 | 11/1/2031 | 19932 | 16641 | 16641 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guardian Restoration Partners Buyer, LLC (Revolver) | (19) | SF | 5.00% | 8.67% | 11/1/2024 | 11/1/2031 | 3000 | 2480 | 2480 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harlem Acquisition, LLC | (8)(11) | SF | 4.75% | 8.74% | 11/26/2024 | 11/7/2030 | 31760 | 31289 | 32078 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harlem Acquisition, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.44% | 11/7/2024 | 11/7/2030 | 9143 | 5059 | 5110 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harlem Acquisition, LLC (Revolver) | (19) | SF | 4.75% | 8.65% | 11/7/2024 | 11/7/2030 | 6095 | 914 | 914 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MEI Buyer LLC | (8)(11)(46) | SF | 4.25% | 7.97% | 6/30/2023 | 6/29/2029 | 25032 | 24533 | 25283 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MEI Buyer LLC | (10)(11) | SF | 4.25% | 7.97% | 1/9/2024 | 6/30/2029 | 14055 | 13959 | 14196 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MEI Buyer LLC | (8) | SF | 4.25% | 7.99% | 6/30/2023 | 6/29/2029 | 4003 | 4003 | 4043 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MEI Buyer LLC (Delayed Draw) | (19)(20) | SF | 4.25% | 8.03% | 3/27/2025 | 6/29/2029 | 8935 | 2225 | 2248 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MEI Buyer LLC (Revolver) | (19) | SF | 4.25% | 7.97% | 6/30/2023 | 6/29/2029 | 5253 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mooring Primary, LLC | (8)(27) | SF | 5.25% | 9.12% | 4/24/2025 | 4/1/2031 | 13857 | 13665 | 13885 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mooring Primary, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 9.12% | 4/1/2025 | 4/1/2031 | 6333 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mooring Primary, LLC (Revolver) | (19) | SF | 5.25% | 9.12% | 4/1/2025 | 4/1/2031 | 6333 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Premier Roofing L.L.C. | (21) | SF | 9.65% | 11.49% Cash/ 2.00% PIK | 8/31/2020 | 12/31/2026 | 3042 | 3042 | 1533 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Premier Roofing L.L.C. (Revolver) | (19)(21) | SF | 9.65% | 11.34% Cash/ 2.00% PIK | 8/31/2020 | 12/31/2026 | 1715 | 1137 | 572 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TCFIII OWL Buyer LLC | (7)(8) | SF | 5.61% | 9.34% | 4/19/2021 | 4/17/2026 | 4298 | 4291 | 4298 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TCFIII OWL Buyer LLC | (8) | SF | 5.61% | 9.34% | 4/19/2021 | 4/17/2026 | 5248 | 5248 | 5248 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TCFIII OWL Buyer LLC | (7)(8) | SF | 5.61% | 9.34% | 12/17/2021 | 4/17/2026 | 4710 | 4702 | 4710 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Water Buyer, LLC | (10) | SF | 5.25% | 8.94% | 8/8/2024 | 8/8/2030 | 9875 | 9754 | 9890 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Water Buyer, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.94% | 8/8/2024 | 8/8/2030 | 6000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Water Buyer, LLC (Revolver) | (19) | SF | 5.25% | 8.97% | 8/8/2024 | 8/8/2030 | 3000 | 400 | 400 | 0.0% |
|  |  |  |  |  |  |  | 203529 | 155123 | 155439 | 5.5% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Durable** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Independence Buyer, Inc. | (7) | SF | 7.90% | 9.75% Cash/ 2.00% PIK | 8/3/2021 | 1/29/2027 | 11185 | $11150 | $8207 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Independence Buyer, Inc. (Revolver) | (19) | SF | 7.85% | 9.72% Cash/ 2.00% PIK | 8/3/2021 | 1/29/2027 | 1482 | 1241 | 911 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivanti Software, Inc. | (34) | SF | 5.75% | 9.64% | 5/14/2025 | 6/1/2029 |  | 4 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recycled Plastics Industries, LLC | (7)(8) | SF | 6.85% | 10.72% | 8/4/2021 | 8/4/2026 | 4161 | 4147 | 4161 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recycled Plastics Industries, LLC (Revolver) | (19) | SF | 6.85% | 10.72% | 8/4/2021 | 8/4/2026 | 446 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SonicWall US Holdings Inc. | (34) | SF | 5.00% | 8.67% | 10/7/2024 | 5/18/2028 | 15881 | 15811 | 10422 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Syniverse Holdings, LLC | (12) | SF | 7.00% | 10.67% | 3/4/2025 | 5/13/2027 | 11872 | 11835 | 11498 | 0.4% |
|  |  |  |  |  |  |  | 45027 | 44188 | 35199 | 1.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Non-Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohere Beauty, Phoenix LLC (fka Arizona Natural Resources, LLC) | (8)(9) | SF | 6.61% | 10.49% | 5/18/2021 | 5/18/2026 | 13405 | 13374 | 13331 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohere Beauty, Phoenix LLC (fka Arizona Natural Resources, LLC) | (9) | SF | 6.61% | 10.49% | 12/15/2021 | 5/18/2026 | 2461 | 2455 | 2447 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohere Beauty, Phoenix LLC (fka Arizona Natural Resources, LLC) | (6) | SF | 6.61% | 10.49% | 8/12/2022 | 5/18/2026 | 6677 | 6658 | 6640 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohere Beauty, Phoenix LLC (fka Arizona Natural Resources, LLC) | (7) | SF | 6.61% | 10.49% | 8/12/2022 | 5/18/2026 | 2884 | 2884 | 2868 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohere Beauty, Phoenix LLC (fka Arizona Natural Resources, LLC) | (8) | SF | 6.61% | 10.49% | 3/3/2025 | 5/18/2026 | 2740 | 2728 | 2725 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohere Beauty, Phoenix LLC (fka Arizona Natural Resources, LLC) (Revolver) | (19) | SF | 6.61% | 10.49% | 5/18/2021 | 5/18/2026 | 2222 | 889 | 884 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excelligence Learning Corporation | (6) | SF | 5.75% | 9.42% | 3/15/2024 | 1/18/2030 | 11987 | 11805 | 10414 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excelligence Learning Corporation (Revolver) | (19) | SF | 5.75% | 9.42% | 3/15/2024 | 1/18/2030 | 3408 | 548 | 476 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gibson Brands, Inc. | (8) | SF | 5.11% | 8.85% | 4/19/2024 | 8/13/2028 | 14342 | 14166 | 13093 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Niteo Products, LLC | (8) | SF | 5.25% | 9.02% | 12/4/2025 | 12/4/2031 | 23500 | 23153 | 23148 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Niteo Products, LLC (Revolver) | (19) | SF | 5.25% | 9.02% | 12/4/2025 | 12/4/2031 | 4578 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Kyjen Company, LLC | (6)(7)(21) | SF | 7.75% | 10.61% Cash/ 1.00% PIK | 5/14/2021 | 4/3/2026 | 2970 | 2928 | 2153 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Kyjen Company, LLC | (21) | SF | 7.50% | 10.61% Cash/ 1.00% PIK | 9/13/2022 | 4/3/2026 | 5 | 5 | 5 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Kyjen Company, LLC (Revolver) | (19)(21) | SF | 7.75% | 10.61% Cash/ 1.00% PIK | 5/14/2021 | 4/3/2026 | 315 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thrasio, LLC | (21) | SF | 10.11% | 13.84% PIK | 6/18/2024 | 6/18/2029 | 574 | 574 | 574 | 0.0% |
|  |  |  |  |  |  |  | 92068 | 82167 | 78758 | 2.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Containers, Packaging & Glass** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assembly Buyer, LLC | (8)(46) | SF | 4.75% | 8.74% | 6/30/2025 | 6/30/2031 | 16000 | 15845 | 16000 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assembly Buyer, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.74% | 6/30/2025 | 6/30/2031 | 7111 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assembly Buyer, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.74% | 7/2/2025 | 6/30/2031 | 853 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assembly Buyer, LLC (Revolver) | (19) | SF | 4.75% | 8.74% | 6/30/2025 | 6/30/2031 | 2667 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B2B Industrial Products LLC | (6) | SF | 6.90% | 10.57% | 12/6/2022 | 10/7/2026 | 9523 | 9469 | 9356 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B2B Industrial Products LLC | (6) | SF | 6.90% | 10.57% | 4/4/2023 | 10/7/2026 | 2204 | 2190 | 2166 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivex Holdco Inc. and Induspac Holdco Inc. | (11)(12)(36)(46) | SF | 5.65% | 9.64% | 11/27/2024 | 12/17/2027 | 13978 | 13925 | 13978 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivex Holdco Inc. and Induspac Holdco Inc. | (11)(12)(36) | SF | 5.65% | 9.64% | 11/27/2024 | 12/17/2027 | 1472 | 1472 | 1472 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivex Holdco Inc. and Induspac Holdco Inc. | (11)(12)(36) | SF | 5.65% | 9.64% | 12/1/2025 | 12/17/2027 | 6641 | 6641 | 6641 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivex Holdco Inc. and Induspac Holdco Inc. | (11)(12)(36) | SF | 5.65% | 9.64% | 12/1/2025 | 12/17/2027 | 3577 | 3577 | 3577 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivex Holdco Inc. and Induspac Holdco Inc. (Delayed Draw) | (12)(19)(20)(36) | SF | 5.65% | 9.32% | 11/27/2024 | 12/17/2027 | 6114 |  |  | 0.0% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivex Holdco Inc. and Induspac Holdco Inc. (Revolver) | (12)(19)(36) | SF | 5.65% | 9.32% | 11/27/2024 | 12/17/2027 | 4076 | $2744 | $2744 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Polychem Acquisition, LLC |  | SF | 5.61% | 5.33% Cash/ 4.00% PIK | 4/8/2019 | 8/15/2026 | 1961 | 1961 | 1582 | 0.1% |
|  |  |  |  |  |  |  | 76177 | 57824 | 57516 | 2.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Environmental Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PNE Interco LLC | (6)(7)(8)(11) | SF | 5.75% | 9.74% | 2/12/2024 | 2/12/2030 | 13790 | 13585 | 13790 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PNE Interco LLC (Delayed Draw) | (19)(20) | SF | 5.75% | 9.59% | 2/12/2024 | 2/12/2030 | 5303 | 4419 | 4419 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PNE Interco LLC (Revolver) | (19) | SF | 5.75% | 9.59% | 2/12/2024 | 2/12/2030 | 5899 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quest Resource Management Group, LLC |  | SF | 7.61% | 11.49% | 12/30/2024 | 6/28/2030 | 14192 | 14039 | 12841 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quest Resource Management Group, LLC (Delayed Draw) | (19)(20) | SF | 7.61% | 11.49% | 12/30/2024 | 6/28/2030 | 6944 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC | (7)(8)(9)(10)(46) | SF | 4.75% | 8.65% | 3/31/2025 | 5/25/2029 | 11565 | 11565 | 11599 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC | (8) | SF | 4.75% | 8.65% | 4/15/2024 | 5/25/2029 | 3553 | 3502 | 3563 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC | (8)(46) | SF | 4.75% | 8.65% | 4/15/2024 | 5/25/2029 | 11980 | 11980 | 12016 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC | (8) | SF | 4.75% | 8.65% | 9/12/2023 | 5/25/2029 | 365 | 365 | 365 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC | (8)(27) | SF | 4.75% | 8.65% | 3/25/2025 | 5/25/2029 | 10107 | 10021 | 10137 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.65% | 3/12/2025 | 5/25/2029 | 10157 | 2844 | 2853 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trilon Group, LLC (Revolver) | (19) | SF | 4.75% | 8.65% | 9/12/2023 | 5/25/2029 | 4874 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volt Bidco, Inc. |  | SF | 6.50% | 10.17% PIK | 8/11/2021 | 8/11/2027 | 10171 | 10106 | 9809 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volt Bidco, Inc. | (11) | SF | 6.50% | 10.17% PIK | 8/11/2021 | 8/11/2027 | 1912 | 1912 | 1844 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volt Bidco, Inc. | (27) | SF | 6.50% | 10.17% PIK | 9/17/2024 | 8/11/2027 | 793 | 793 | 765 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volt Bidco, Inc. | (27) | SF | 6.50% | 10.17% PIK | 12/28/2023 | 8/11/2027 | 1099 | 1099 | 1060 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volt Bidco, Inc. (Revolver) | (19) | SF | 6.50% | 10.17% PIK | 8/11/2021 | 8/11/2027 | 956 |  |  | 0.0% |
|  |  |  |  |  |  |  | 113660 | 86230 | 85061 | 3.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Finance** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arax Midco, LLC | (8)(9)(10)(12) | SF | 5.00% | 8.67% | 4/11/2024 | 4/11/2029 | 13400 | 13292 | 13400 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arax Midco, LLC | (8)(12) | SF | 5.00% | 8.72% | 5/30/2025 | 4/11/2029 | 4455 | 4422 | 4455 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arax Midco, LLC (Delayed Draw) | (12)(19)(20) | SF | 5.00% | 8.87% | 5/30/2025 | 4/11/2029 | 5522 | 167 | 167 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arax Midco, LLC (Revolver) | (12)(19) | SF | 5.00% | 8.74% | 4/11/2024 | 4/11/2029 | 1293 | 181 | 181 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Band Finance LLC and Anderson Global Luxembourg SCSp | (6)(8)(9) | SF | 5.25% | 9.12% | 9/5/2025 | 8/5/2031 | 36500 | 36058 | 36507 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Band Finance LLC and Anderson Global Luxembourg SCSp | (12)(39) | SF | 5.25% | 9.12% | 8/6/2025 | 8/6/2031 | 13905 | 13905 | 13908 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Band Finance LLC and Anderson Global Luxembourg SCSp (Delayed Draw) | (12)(19)(20)(39) | SF | 5.25% | 9.01% | 11/13/2025 | 8/5/2031 | 9832 | 4863 | 4863 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Band Finance LLC and Anderson Global Luxembourg SCSp (Revolver) | (12)(19)(39) | SF | 5.25% | 9.01% | 8/6/2025 | 8/5/2031 | 5214 | 521 | 521 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beckway Acquisition, Inc. | (8) | SF | 4.75% | 8.54% | 8/29/2025 | 8/29/2030 | 8000 | 7886 | 8000 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beckway Acquisition, Inc. (Delayed Draw) | (19)(20) | SF | 4.75% | 8.54% | 8/29/2025 | 8/29/2030 | 5714 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beckway Acquisition, Inc. (Revolver) | (19) | SF | 4.75% | 8.54% | 8/29/2025 | 8/29/2030 | 1429 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bench Walk Lead, LLC | (12) | SF | 11.00% | 14.69% | 6/9/2023 | 6/14/2027 | 26962 | 26940 | 27114 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bench Walk Lead, LLC | (12) | SF | 11.00% | 14.69% | 6/9/2023 | 6/14/2027 | 1594 | 1594 | 1603 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bench Walk Lead, LLC (Delayed Draw) | (12)(19)(20) | n/a | n/a | 15.00% | 1/22/2025 | 1/22/2031 | 8581 | 4181 | 4181 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BW 51f, L.P. | (12) | SF | 8.00% | 11.99% | 12/27/2023 | 12/31/2029 | 9000 | 9000 | 9000 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cpex Purchaser, LLC | (7)(9)(46) | SF | 6.00% | 10.12% | 8/26/2022 | 2/28/2030 | 36000 | 35458 | 35964 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cpex Purchaser, LLC | (46) | SF | 5.50% | 9.22% | 3/26/2025 | 2/28/2030 | 6448 | 6390 | 6441 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cpex Purchaser, LLC | (46) | SF | 6.00% | 9.72% | 9/30/2021 | 2/28/2030 | 4061 | 4061 | 4057 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cpex Purchaser, LLC (Delayed Draw) | (19)(20) | SF | 5.50% | 9.22% | 3/26/2025 | 2/28/2030 | 4320 | 2746 | 2743 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cpex Purchaser, LLC (Revolver) | (19) | SF | 6.00% | 9.72% | 9/30/2021 | 2/28/2030 | 13935 | 12194 | 12194 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GC Champion Acquisition LLC | (7)(8) | SF | 5.00% | 9.22% | 8/19/2022 | 8/18/2028 | 19904 | 19775 | 19904 | 0.7% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GC Champion Acquisition LLC | (6) | SF | 5.00% | 9.22% | 8/19/2022 | 8/18/2028 | 3530 | $3530 | $3530 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GC Champion Acquisition LLC | (6) | SF | 5.00% | 9.22% | 8/1/2023 | 8/18/2028 | 10590 | 10401 | 10590 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GC Champion Acquisition LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 9.22% | 8/19/2024 | 8/18/2028 | 3430 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J2 BWA Funding III, LLC (Delayed Draw) | (12)(19)(20) | n/a | n/a | 10.00% | 4/29/2022 | 4/28/2028 | 7206 | 3543 | 3556 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J2 BWA Funding LLC (Revolver) | (12)(19) | n/a | n/a | 10.00% | 12/14/2020 | 12/24/2026 | 1748 | 1706 | 1706 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protecht Group Holdings Pty Ltd | (12)(25)(35) | SF | 7.00% | 3.70% Cash/ 7.00% PIK | 12/19/2025 | 12/19/2031 | 21354 | 20949 | 21140 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protecht Group Holdings Pty Ltd (Delayed Draw) | (12)(19)(20)(25)<br>(35) | SF | 7.00% | 3.70% Cash/ 7.00% PIK | 12/19/2025 | 12/19/2031 | 5338 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protecht Group Holdings Pty Ltd (Delayed Draw) | (12)(19)(20)(25)<br>(35) | SF | 7.00% | 3.70% Cash/ 7.00% PIK | 12/19/2025 | 12/19/2031 | 2349 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protecht Group Holdings Pty Ltd (Revolver) | (12)(19)(35) | SF | 7.00% | 3.70% Cash/ 7.00% PIK | 12/19/2025 | 12/19/2031 | 1600 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protecht Group Holdings Pty Ltd (Revolver) | (12)(19)(25)(35) | SF | 7.00% | 3.70% Cash/ 7.00% PIK | 12/19/2025 | 12/19/2031 | 1068 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resolute Investment Managers, Inc. |  | SF | 6.76% | 10.43% | 6/30/2025 | 10/30/2028 | 18055 | 18024 | 14670 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Intermediate Holdings, LLC | (8)(12) | SF | 6.15% | 9.82% | 12/28/2022 | 12/28/2028 | 2910 | 2868 | 2911 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Intermediate Holdings, LLC (Delayed Draw) | (12)(19)(20) | SF | 6.15% | 9.82% | 12/5/2024 | 12/28/2028 | 3947 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax Protection BuyCo, LLC | (10)(27)(46) | SF | 4.75% | 8.74% | 4/1/2025 | 4/1/2031 | 23880 | 23549 | 23892 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax Protection BuyCo, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.74% | 4/1/2025 | 4/1/2031 | 4706 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax Protection BuyCo, LLC (Revolver) | (19) | SF | 4.75% | 8.74% | 4/1/2025 | 4/1/2031 | 5882 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TEAM Public Choices, LLC | (6) | SF | 5.15% | 8.99% | 8/23/2022 | 12/17/2027 | 4423 | 4326 | 4421 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TEAM Public Choices, LLC | (11) | SF | 5.26% | 9.10% | 1/25/2024 | 12/17/2027 | 1469 | 1465 | 1468 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tegra118 Wealth Solutions, Inc. | (12) | SF | 4.00% | 7.89% | 3/6/2025 | 2/18/2027 | 1767 | 1764 | 1751 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transnetwork LLC | (11)(27)(46) | SF | 4.75% | 8.42% | 11/20/2023 | 12/29/2030 | 15561 | 15386 | 14784 | 0.6% |
|  |  |  |  |  |  |  | 376882 | 311145 | 309622 | 11.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Real Estate** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avison Young (USA) Inc. | (12)(21)(36) | SF | 6.51% | 10.33% | 9/24/2024 | 3/12/2028 | 755 | 642 | 704 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InsideRE, LLC | (7)(8) | SF | 5.65% | 9.34% | 12/22/2021 | 12/22/2027 | 7203 | 7147 | 7202 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InsideRE, LLC | (9) | SF | 5.65% | 9.34% | 12/22/2021 | 12/22/2027 | 2799 | 2799 | 2799 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InsideRE, LLC (Delayed Draw) | (19)(20) | SF | 5.65% | 9.34% | 3/7/2025 | 12/22/2027 | 767 | 382 | 382 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InsideRE, LLC (Revolver) | (19) | P | 4.50% | 11.25% | 12/22/2021 | 12/22/2027 | 965 | 289 | 289 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lessen LLC |  | SF | 11.50% | 15.17% | 1/5/2023 | 1/5/2028 | 8585 | 8433 | 7276 | 0.3% |
|  |  |  |  |  |  |  | 21074 | 19692 | 18652 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Healthcare & Pharmaceuticals** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. | (6)(9) | SF | 5.00% | 8.69% | 6/7/2023 | 6/7/2029 | 9750 | 9590 | 9784 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. | (8) | SF | 5.00% | 8.69% | 6/7/2023 | 6/7/2029 | 3672 | 3672 | 3685 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. | (8) | SF | 5.00% | 8.69% | 1/11/2024 | 6/7/2029 | 8672 | 8672 | 8703 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. | (8) | SF | 5.00% | 8.69% | 10/28/2024 | 6/7/2029 | 5740 | 5740 | 5760 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. |  | SF | 5.00% | 8.69% | 9/4/2025 | 6/7/2029 | 19176 | 19176 | 19243 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. (Delayed Draw) | (19)(20) | SF | 5.00% | 8.69% | 12/5/2025 | 6/7/2029 | 20164 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. (Delayed Draw) | (19)(20) | SF | 5.00% | 8.69% | 9/4/2025 | 6/7/2029 | 19190 | 16305 | 16362 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Animal Dermatology Group, Inc. (Revolver) | (19) | SF | 5.00% | 8.69% | 6/7/2023 | 6/7/2029 | 2500 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Appriss Health, LLC | (7) | SF | 4.85% | 8.57% | 5/6/2021 | 5/6/2028 | 3168 | 3150 | 3169 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Appriss Health, LLC (Revolver) | (19) | SF | 4.85% | 8.57% | 5/6/2021 | 5/6/2028 | 433 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bluesight, Inc. | (7)(9)(11) | SF | 5.50% | 9.19% | 7/17/2023 | 7/17/2029 | 29925 | 29315 | 30179 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bluesight, Inc. | (27) | SF | 5.50% | 9.19% | 10/15/2024 | 7/17/2029 | 3903 | 3857 | 3936 | 0.1% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bluesight, Inc. | (11)(46) | SF | 5.50% | 9.19% | 12/31/2024 | 7/17/2029 | 26022 | $25704 | $26243 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bluesight, Inc. (Revolver) | (19) | SF | 5.50% | 9.19% | 7/17/2023 | 7/17/2029 | 5217 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caravel Autism Health, LLC | (6)(11)(46) | SF | 4.75% | 8.44% | 6/11/2024 | 6/11/2030 | 17775 | 17531 | 17682 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caravel Autism Health, LLC | (8) | SF | 4.75% | 8.44% | 6/11/2024 | 6/11/2030 | 7676 | 7676 | 7635 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caravel Autism Health, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.44% | 4/16/2025 | 6/11/2030 | 10268 | 3628 | 3609 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caravel Autism Health, LLC (Revolver) | (19) | SF | 4.75% | 8.44% | 6/11/2024 | 6/11/2030 | 9000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dorado Acquisition, Inc. | (6)(7) | SF | 6.85% | 10.72% | 6/30/2021 | 6/30/2026 | 13209 | 13170 | 13116 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dorado Acquisition, Inc. | (6)(7) | SF | 6.90% | 10.89% | 11/27/2022 | 6/30/2026 | 10951 | 10905 | 10874 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dorado Acquisition, Inc. (Revolver) | (19) | SF | 6.85% | 10.72% | 6/30/2021 | 6/30/2026 | 1670 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FH BMX Buyer, Inc. |  | SF | 4.75% | 8.42% | 6/21/2024 | 6/21/2031 | 8933 | 8821 | 9022 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FH BMX Buyer, Inc. |  | SF | 4.75% | 8.53% | 6/21/2024 | 6/21/2031 | 4768 | 4768 | 4815 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FH BMX Buyer, Inc. (Delayed Draw) | (19)(20) | SF | 4.75% | 8.63% | 6/9/2025 | 6/21/2031 | 7166 | 5107 | 5158 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FH BMX Buyer, Inc. (Delayed Draw) | (19)(20) | SF | 4.75% | 8.42% | 11/7/2025 | 6/21/2031 | 6933 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GBP CSTA Buyer LLC |  | SF | 6.10% | 10.06% | 11/18/2025 | 11/18/2030 | 1000 | 980 | 980 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GBP CSTA Buyer LLC (Revolver) | (19) | SF | 6.10% | 10.06% | 11/18/2025 | 11/18/2030 | 444 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Golden State Buyer, Inc. | (8) | SF | 4.85% | 8.57% | 8/25/2022 | 3/21/2027 | 9431 | 9373 | 9437 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Helping Hands Childrens Services Management, LLC | (8)(10) | SF | 4.50% | 8.49% | 11/5/2024 | 11/5/2030 | 11443 | 11320 | 11443 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Helping Hands Childrens Services Management, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.49% | 11/5/2024 | 11/5/2030 | 4600 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Helping Hands Childrens Services Management, LLC (Revolver) | (19) | SF | 4.50% | 8.49% | 11/5/2024 | 11/5/2030 | 2300 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KL Moon Acquisition, LLC |  | SF | 7.00% | 10.85% | 2/6/2024 | 2/1/2029 | 4320 | 4236 | 4234 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KL Moon Acquisition, LLC |  | SF | 7.00% | 10.85% | 2/1/2023 | 2/1/2029 | 10075 | 9906 | 9873 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KL Moon Acquisition, LLC |  | SF | 7.00% | 10.85% | 2/1/2023 | 2/1/2029 | 2009 | 2009 | 1969 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KL Moon Acquisition, LLC (Revolver) | (19) | SF | 7.00% | 10.85% | 2/1/2023 | 2/1/2029 | 1665 | 1286 | 1260 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Learn-It Systems, LLC | (6) | SF | 5.25% | 9.46% | 7/10/2025 | 7/10/2031 | 51239 | 50474 | 52263 | 1.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Learn-It Systems, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 9.12% | 7/10/2025 | 7/10/2031 | 13664 | 1136 | 1159 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Learn-It Systems, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 9.12% | 7/10/2025 | 7/10/2031 | 2733 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Learn-It Systems, LLC (Revolver) | (19) | SF | 5.25% | 9.12% | 7/10/2025 | 7/10/2031 | 6832 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long Grove Pharmaceuticals, LLC |  | SF | 8.00% | 7.87% Cash/ 4.00% PIK | 2/27/2025 | 2/27/2031 | 14366 | 14179 | 14409 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long Grove Pharmaceuticals, LLC (Delayed Draw) | (19)(20) | SF | 8.00% | 7.87% Cash/ 4.00% PIK | 2/27/2025 | 2/27/2031 | 14000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NationsBenefits, LLC | (8)(10)(11)(27)<br>(46) | SF | 6.10% | 9.97% | 5/22/2025 | 8/26/2027 | 64326 | 64326 | 64326 | 2.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NationsBenefits, LLC (Delayed Draw) | (19)(20) | SF | 6.10% | 10.03% | 4/25/2025 | 8/26/2027 | 16546 | 1444 | 1444 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NationsBenefits, LLC (Revolver) |  | SF | 6.10% | 9.97% | 4/25/2025 | 8/26/2027 | 7219 | 7219 | 7219 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NBPT Acquisition LLC | (27) | SF | 5.00% | 8.99% | 3/17/2025 | 3/1/2030 | 20886 | 20699 | 20886 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NBPT Acquisition LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.73% | 3/3/2025 | 3/3/2030 | 8074 | 664 | 664 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NBPT Acquisition LLC (Revolver) | (19) | SF | 5.00% | 8.73% | 3/3/2025 | 3/1/2030 | 2360 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NQ PE Project Colosseum Midco Inc. |  | SF | 7.15% | 10.84% | 10/4/2022 | 10/4/2028 | 14162 | 14009 | 12596 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NQ PE Project Colosseum Midco Inc. (Revolver) | (19) | SF | 7.15% | 10.84% | 10/4/2022 | 10/4/2028 | 1825 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PAI Middle Tier, LLC | (27)(46) | SF | 4.50% | 8.17% | 2/21/2025 | 2/13/2032 | 17661 | 17420 | 17838 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PAI Middle Tier, LLC (Revolver) | (19) | SF | 4.50% | 8.17% | 2/13/2025 | 2/13/2032 | 3765 | 538 | 538 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phia Purchaser, LLC |  | SF | 4.50% | 8.29% | 12/1/2025 | 12/1/2032 | 8000 | 7922 | 7920 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phia Purchaser, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.29% | 12/1/2025 | 12/1/2032 | 2041 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phia Purchaser, LLC (Revolver) | (19) | SF | 4.50% | 8.29% | 12/1/2025 | 12/1/2032 | 1224 |  |  | 0.0% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ro Health, LLC | (27) | SF | 4.50% | 8.20% | 2/21/2025 | 1/17/2031 | 3713 | $3665 | $3726 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ro Health, LLC (Revolver) | (19) | SF | 4.50% | 8.17% | 1/17/2025 | 1/17/2031 | 1067 | 320 | 320 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP ADV Infusion Purchaser, LLC | (8) | SF | 4.75% | 8.44% | 8/15/2025 | 8/14/2031 | 9476 | 9362 | 9615 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP ADV Infusion Purchaser, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.62% | 8/15/2025 | 8/14/2031 | 11532 | 8964 | 9095 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP ADV Infusion Purchaser, LLC (Revolver) | (19) | SF | 4.75% | 8.44% | 8/15/2025 | 8/14/2031 | 4622 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Eye Care Holdco, LLC | (6)(9) | SF | 5.60% | 9.32% | 10/7/2022 | 10/5/2029 | 8977 | 8806 | 8977 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Eye Care Holdco, LLC |  | SF | 5.60% | 9.47% | 4/1/2024 | 10/5/2029 | 10084 | 9932 | 10084 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Eye Care Holdco, LLC |  | SF | 5.60% | 9.32% | 10/7/2022 | 10/5/2029 | 7888 | 7888 | 7888 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Eye Care Holdco, LLC (Delayed Draw) | (19)(20) | SF | 5.60% | 9.32% | 4/1/2024 | 10/5/2029 | 20448 | 18738 | 18738 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCP Eye Care Holdco, LLC (Revolver) | (19) | SF | 5.60% | 9.32% | 10/7/2022 | 10/5/2029 | 1442 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Mgmt Company, LLC | (6)(8)(10)(11) | SF | 6.10% | 9.77% | 12/29/2023 | 6/30/2028 | 21021 | 20761 | 21021 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Mgmt Company, LLC |  | SF | 6.10% | 9.79% | 12/29/2023 | 6/30/2028 | 8491 | 8491 | 8491 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Mgmt Company, LLC |  | SF | 5.85% | 9.67% | 12/6/2024 | 7/1/2028 | 11798 | 11798 | 11751 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Mgmt Company, LLC (Delayed Draw) | (19)(20) | SF | 5.85% | 9.69% | 12/6/2024 | 7/1/2028 | 9889 | 4045 | 4028 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Mgmt Company, LLC |  | SF | 5.85% | 9.57% | 12/6/2024 | 7/1/2028 | 7925 | 7925 | 7893 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Mgmt Company, LLC (Revolver) | (19) | SF | 5.85% | 9.79% | 12/6/2024 | 7/1/2028 | 1981 | 495 | 493 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seran BioScience, LLC | (7)(8) | SF | 5.75% | 9.74% | 12/31/2020 | 7/8/2027 | 1905 | 1905 | 1886 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seran BioScience, LLC | (10)(11) | SF | 5.75% | 9.93% | 8/21/2023 | 7/8/2027 | 227 | 227 | 225 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seran BioScience, LLC | (8) | SF | 5.75% | 9.93% | 7/8/2022 | 7/8/2027 | 431 | 431 | 427 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seran BioScience, LLC (Revolver) | (19) | SF | 5.75% | 9.74% | 12/31/2020 | 7/8/2027 | 356 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SIP Care Services, LLC | (6) | SF | 5.85% | 9.72% | 7/21/2023 | 12/30/2027 | 149 | 149 | 140 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SIP Care Services, LLC | (6)(7) | SF | 5.85% | 9.72% | 12/30/2021 | 12/30/2027 | 4418 | 4397 | 4152 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SIP Care Services, LLC (Revolver) | (19) | SF | 5.85% | 9.72% | 12/30/2021 | 12/30/2027 | 760 | 380 | 357 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Smilist DSO, LLC | (8)(10)(11) | SF | 6.00% | 9.67% | 4/4/2024 | 4/4/2029 | 28366 | 27898 | 28522 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Smilist DSO, LLC | (10)(46) | SF | 6.00% | 9.67% | 4/4/2024 | 4/4/2029 | 7669 | 7669 | 7711 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Smilist DSO, LLC | (8) | SF | 6.00% | 9.67% | 4/4/2024 | 4/4/2029 | 6159 | 6159 | 6193 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Smilist DSO, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.92% | 12/27/2024 | 4/4/2029 | 11806 | 9851 | 9733 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Smilist DSO, LLC (Revolver) | (19) | SF | 6.00% | 9.67% | 4/4/2024 | 4/4/2029 | 1974 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TigerConnect, Inc. | (7) | SF | 6.40% | 10.25% | 2/16/2022 | 8/16/2029 | 10002 | 9917 | 10002 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TigerConnect, Inc. |  | SF | 6.40% | 10.25% | 11/19/2024 | 8/16/2029 | 571 | 565 | 571 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TigerConnect, Inc. | (46) | SF | 6.40% | 10.25% | 8/15/2025 | 8/16/2029 | 3038 | 2995 | 3038 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TigerConnect, Inc. |  | SF | 6.40% | 10.25% | 11/19/2024 | 8/16/2029 | 52 | 52 | 52 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TigerConnect, Inc. |  | SF | 6.40% | 10.25% | 2/16/2022 | 8/16/2029 | 1253 | 1253 | 1253 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TigerConnect, Inc. (Revolver) | (19) | SF | 6.40% | 10.25% | 2/16/2022 | 8/16/2029 | 1429 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Together Women's Health, LLC | (8) | SF | 4.75% | 8.42% | 8/26/2025 | 8/26/2031 | 8878 | 8770 | 8975 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Together Women's Health, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.42% | 8/26/2025 | 8/26/2031 | 8380 | 1135 | 1148 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Together Women's Health, LLC (Revolver) | (19) | SF | 4.75% | 8.42% | 8/26/2025 | 8/26/2031 | 1552 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vero Biotech Inc. |  | P | 3.75% | 12.25% | 12/29/2023 | 1/2/2029 | 30000 | 29802 | 29604 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WebPT, Inc. | (7) | SF | 6.35% | 10.17% | 8/28/2019 | 1/18/2028 | 4975 | 4973 | 4750 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WebPT, Inc. (Revolver) | (19) | P | 5.25% | 12.00% | 8/28/2019 | 1/18/2028 | 521 | 454 | 433 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xpress Wellness, LLC | (6) | SF | 5.50% | 9.35% | 5/8/2024 | 5/8/2030 | 39600 | 38976 | 38985 | 1.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xpress Wellness, LLC (Delayed Draw) | (19)(20) | SF | 5.50% | 9.36% | 5/8/2024 | 5/8/2030 | 12478 | 3928 | 3867 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xpress Wellness, LLC (Revolver) | (19) | SF | 5.50% | 9.20% | 5/8/2024 | 5/8/2030 | 9231 | 7015 | 7015 | 0.3% |
|  |  |  |  |  |  |  | 910625 | 726018 | 730592 | 25.9% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**High Tech Industries** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3C Buyer LLC | (8) | SF | 6.60% | 10.59% | 2/28/2025 | 11/20/2028 | 1596 | $1596 | $1596 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3C Buyer LLC | (8) | SF | 5.35% | 9.22% | 2/28/2025 | 11/20/2028 | 812 | 802 | 812 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3C Buyer LLC | (8) | SF | 6.10% | 10.09% | 2/28/2025 | 11/20/2028 | 2922 | 2922 | 2922 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3C Buyer LLC | (8)(9)(10) | SF | 6.10% | 10.09% | 2/28/2025 | 11/20/2028 | 1618 | 1618 | 1618 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3C Buyer LLC (Revolver) |  | SF | 6.10% | 9.83% | 2/28/2025 | 11/20/2028 | 2653 | 2653 | 2653 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelevation LLC | (11) | SF | 4.50% | 8.37% | 1/2/2025 | 1/2/2031 | 13965 | 13783 | 13965 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelevation LLC | (8) | SF | 4.50% | 8.22% | 9/5/2025 | 1/2/2031 | 984 | 975 | 984 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelevation LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.22% | 1/2/2025 | 1/2/2031 | 5240 | 3371 | 3371 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelevation LLC (Revolver) | (19) | SF | 4.50% | 8.23% | 1/2/2025 | 1/2/2031 | 3995 | 666 | 666 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquia Inc. | (7) | SF | 5.65% | 9.59% | 11/1/2019 | 11/1/2026 | 15430 | 15426 | 15430 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquia Inc. | (10) | SF | 5.65% | 9.59% | 11/11/2023 | 11/1/2026 | 3092 | 3092 | 3092 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquia Inc. (Revolver) |  | SF | 5.65% | 9.61% | 11/1/2019 | 11/1/2026 | 588 | 588 | 588 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman Opco LP (Delayed Draw) | (19)(20)(21) | SF | 8.11% | 11.99% PIK | 1/2/2024 | 1/2/2027 | 1471 | 387 | 882 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTRS Holdings Inc. | (9)(46) | SF | 5.50% | 9.17% | 2/24/2025 | 12/15/2028 | 26398 | 26336 | 26398 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTRS Holdings Inc. (Revolver) | (19) | SF | 5.50% | 9.17% | 2/24/2025 | 12/15/2028 | 4510 | 2577 | 2577 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cardinal Parent, Inc |  | SF | 4.65% | 8.32% | 4/1/2025 | 11/12/2027 | 9827 | 9671 | 9622 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catalyst Data Holdings, Inc. | (10)(46) | SF | 5.25% | 9.24% | 12/20/2024 | 12/20/2030 | 16500 | 16287 | 16500 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catalyst Data Holdings, Inc. (Delayed Draw) | (19)(20) | SF | 5.25% | 9.24% | 12/20/2024 | 12/20/2030 | 9899 | 232 | 232 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catalyst Data Holdings, Inc. (Delayed Draw) | (19)(20) | SF | 5.25% | 9.24% | 12/20/2024 | 12/20/2030 | 9900 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catalyst Data Holdings, Inc. (Delayed Draw) | (19)(20) | SF | 5.25% | 9.24% | 12/20/2024 | 12/20/2030 | 759 | 358 | 358 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catalyst Data Holdings, Inc. (Revolver) | (19) | SF | 5.25% | 9.24% | 12/20/2024 | 12/20/2030 | 3300 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloud for Good, LLC | (8)(10) | SF | 4.50% | 8.17% | 3/21/2025 | 3/21/2031 | 17369 | 17170 | 17369 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloud for Good, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.42% | 3/21/2025 | 3/21/2031 | 12500 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloud for Good, LLC (Revolver) | (19) | SF | 4.50% | 8.17% | 3/21/2025 | 3/21/2031 | 4000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Douglas Holdings, Inc. | (9)(46) | SF | 6.50% | 9.44% Cash/ 0.75% PIK | 8/27/2024 | 8/27/2030 | 24912 | 24603 | 24912 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Douglas Holdings, Inc. (Delayed Draw) | (19)(20) | SF | 6.50% | 9.44% Cash/ 0.75% PIK | 8/27/2024 | 8/27/2030 | 5416 | 650 | 650 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Douglas Holdings, Inc. (Delayed Draw) | (19)(20) | SF | 6.50% | 9.44% Cash/ 0.75% PIK | 8/27/2024 | 8/27/2026 | 3076 | 2255 | 2255 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Douglas Holdings, Inc. (Revolver) | (19) | SF | 5.75% | 9.44% | 8/27/2024 | 8/27/2030 | 2166 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Drawbridge Partners, LLC | (7) | SF | 5.50% | 9.22% | 9/1/2022 | 9/1/2028 | 15000 | 14840 | 15027 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Drawbridge Partners, LLC (Delayed Draw) | (19)(20) | SF | 5.50% | 9.22% | 9/1/2022 | 9/1/2028 | 4370 | 3974 | 3981 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Drawbridge Partners, LLC (Revolver) | (19) | SF | 5.50% | 9.22% | 9/1/2022 | 9/1/2028 | 2609 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Einstein Parent, INC. | (10)(46) | SF | 6.50% | 10.36% | 3/26/2025 | 1/22/2031 | 36133 | 35498 | 36314 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Einstein Parent, INC. (Revolver) | (19) | SF | 6.50% | 10.36% | 1/22/2025 | 1/22/2031 | 3738 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortra, LLC | (11)(46) | SF | 6.10% | 9.97% | 11/21/2025 | 5/19/2029 | 10769 | 10615 | 9827 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freedom U.S. Acquisition Corporation | (8)(9)(10)(27)(46) | SF | 5.75% | 9.74% | 9/27/2024 | 9/27/2030 | 50618 | 49878 | 50650 | 1.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freedom U.S. Acquisition Corporation (Revolver) | (19) | SF | 5.75% | 9.74% | 9/27/2024 | 9/27/2030 | 5100 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fueled Digital Media, LLC |  | SF | 7.61% | 10.49% Cash/ 1.00% PIK | 11/1/2022 | 11/1/2027 | 5657 | 5595 | 5261 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fueled Digital Media, LLC |  | SF | 7.61% | 10.49% Cash/ 1.00% PIK | 11/1/2022 | 11/1/2027 | 498 | 498 | 463 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fueled Digital Media, LLC (Revolver) | (19) | SF | 7.61% | 11.49% | 11/1/2022 | 11/1/2027 | 807 | 726 | 675 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gainsight, Inc. | (8) | SF | 5.90% | 9.72% | 4/1/2025 | 7/30/2027 | 27135 | 27043 | 27135 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hostaway Midco Oy | (6)(12)(37) | SF | 5.50% | 9.49% | 2/26/2025 | 2/26/2031 | 25000 | 24669 | 25063 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hostaway Midco Oy (Delayed Draw) | (12)(19)(20)(37) | SF | 5.50% | 9.49% | 2/26/2025 | 2/26/2031 | 5000 |  |  | 0.0% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hostaway Midco Oy (Revolver) | (12)(19)(37) | SF | 5.50% | 9.49% | 2/26/2025 | 2/26/2031 | 4167 | $— | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jobnimbus Holdings, LLC | (9)(27)(46) | SF | 5.25% | 9.12% | 12/12/2024 | 11/6/2030 | 32000 | 31592 | 32000 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jobnimbus Holdings, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 9.12% | 11/6/2024 | 11/6/2030 | 7111 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jobnimbus Holdings, LLC (Revolver) | (19) | SF | 5.25% | 9.12% | 11/6/2024 | 11/6/2030 | 5333 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medallia, Inc. | (7) | SF | 6.60% | 6.29% Cash/ 4.00% PIK | 8/15/2022 | 10/27/2028 | 12726 | 12624 | 9875 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mindbody, Inc. | (6) | SF | 6.15% | 9.99% | 6/24/2025 | 9/30/2027 | 690 | 690 | 690 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mindbody, Inc. | (6)(46) | SF | 6.15% | 9.99% | 6/24/2025 | 9/30/2027 | 22655 | 22655 | 22655 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mindbody, Inc. (Revolver) | (19) | SF | 6.15% | 9.99% | 6/24/2025 | 9/30/2027 | 2305 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mission Critical Group, LLC | (8) | SF | 5.50% | 9.23% | 6/18/2025 | 4/17/2030 | 6969 | 6904 | 7013 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mission Critical Group, LLC (Delayed Draw) | (19)(20) | SF | 5.61% | 9.33% | 6/18/2025 | 4/17/2030 | 2906 | 1550 | 1559 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mission Critical Group, LLC (Revolver) | (19) | SF | 5.61% | 9.33% | 6/18/2025 | 4/17/2030 | 1211 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nasuni Corporation | (9)(46) | SF | 5.00% | 8.67% | 9/10/2024 | 9/10/2030 | 15000 | 14817 | 15150 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nasuni Corporation (Revolver) | (19) | SF | 5.00% | 8.67% | 9/10/2024 | 9/10/2030 | 3125 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Optomi, LLC | (6)(9) | SF | 5.15% | 9.14% | 12/13/2022 | 12/16/2027 | 5512 | 5438 | 5512 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Optomi, LLC | (7)(9) | SF | 5.15% | 9.14% | 12/16/2021 | 12/16/2027 | 12994 | 12894 | 12994 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Optomi, LLC (Revolver) | (19) | SF | 5.15% | 8.84% | 12/16/2021 | 12/16/2027 | 3189 | 1594 | 1594 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reorganized Mobileum AcquisitionCo, LLC | (21) | SF | 6.00% | 4.73% Cash/ 5.00% PIK | 1/13/2025 | 9/12/2029 | 906 | 841 | 870 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securly, Inc. | (7) | SF | 7.10% | 10.94% | 4/20/2022 | 4/22/2027 | 3703 | 3678 | 3702 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securly, Inc. | (7) | SF | 7.10% | 10.79% | 4/22/2021 | 4/22/2027 | 8400 | 8352 | 8400 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securly, Inc. | (7) | SF | 7.10% | 10.94% | 4/22/2021 | 4/22/2027 | 1938 | 1938 | 1938 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securly, Inc. | (9) | SF | 7.10% | 10.94% | 4/20/2022 | 4/22/2027 | 2488 | 2488 | 2488 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securly, Inc. | (9) | SF | 7.10% | 10.94% | 2/24/2025 | 4/22/2027 | 457 | 451 | 457 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securly, Inc. (Revolver) | (19) | SF | 7.10% | 10.94% | 4/22/2021 | 4/22/2027 | 1615 | 969 | 969 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signiant Inc. | (11)(46) | SF | 5.00% | 8.99% | 12/23/2024 | 12/23/2030 | 14963 | 14770 | 14963 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signiant Inc. |  | SF | 5.00% | 8.76% | 12/23/2024 | 12/23/2030 | 3000 | 3000 | 3000 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signiant Inc. (Revolver) | (19) | SF | 5.00% | 8.99% | 12/23/2024 | 12/23/2030 | 1875 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sparq Holdings, Inc. | (7) | SF | 6.25% | 5.60% Cash/ 4.25% PIK | 6/16/2023 | 6/15/2029 | 1981 | 1942 | 1819 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sparq Holdings, Inc. |  | SF | 6.25% | 5.67% Cash/ 4.25% PIK | 6/27/2024 | 6/25/2029 | 434 | 431 | 398 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sparq Holdings, Inc. |  | SF | 6.25% | 5.67% Cash/ 4.25% PIK | 6/16/2023 | 6/15/2029 | 444 | 444 | 407 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sparq Holdings, Inc. (Revolver) | (19) | SF | 5.75% | 9.42% | 6/16/2023 | 6/15/2029 | 409 | 232 | 213 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tiugo Group Holdings Corp | (10)(11)(27)(46) | SF | 5.50% | 9.49% | 3/28/2025 | 3/28/2031 | 65892 | 64980 | 66222 | 2.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tiugo Group Holdings Corp (Delayed Draw) | (19)(20) | SF | 5.50% | 9.49% | 3/28/2025 | 3/28/2031 | 13178 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tiugo Group Holdings Corp (Revolver) | (19) | SF | 5.50% | 9.49% | 3/28/2025 | 3/28/2031 | 6589 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unanet, Inc. | (7)(9) | SF | 5.25% | 9.24% | 12/9/2022 | 12/9/2030 | 22000 | 21751 | 22000 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unanet, Inc. (Delayed Draw) | (19)(20) | SF | 5.25% | 9.12% | 12/9/2022 | 12/9/2030 | 6947 | 4956 | 4956 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unanet, Inc. (Delayed Draw) | (19)(20) | SF | 5.25% | 9.12% | 11/25/2024 | 12/9/2030 | 1350 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unanet, Inc. (Revolver) | (19) | SF | 5.25% | 9.12% | 12/9/2022 | 12/9/2030 | 4316 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Varicent Intermediate Holdings Corporation | (12)(36) | SF | 6.25% | 6.55% Cash/ 3.38% PIK | 10/15/2025 | 8/22/2031 | 12205 | 12094 | 12328 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Varicent Intermediate Holdings Corporation | (12)(36) | SF | 6.25% | 6.55% Cash/ 3.38% PIK | 8/23/2024 | 8/22/2031 | 28769 | 28444 | 29057 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Varicent Intermediate Holdings Corporation (Delayed Draw) | (12)(19)(20)(36) | SF | 6.25% | 6.55% Cash/ 3.38% PIK | 10/15/2025 | 8/22/2031 | 2826 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Varicent Intermediate Holdings Corporation (Delayed Draw) | (12)(19)(20)(36) | SF | 6.25% | 6.55% Cash/ 3.38% PIK | 8/23/2024 | 8/22/2031 | 3989 |  |  | 0.0% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Varicent Intermediate Holdings Corporation (Revolver) | (12)(19)(36) | n/a | n/a | 5.75% | 8/23/2024 | 8/22/2031 | 5776 | $— | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Velociti, LLC | (9)(11) | SF | 5.25% | 9.12% | 1/13/2025 | 1/10/2030 | 11940 | 11713 | 11940 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Velociti, LLC | (8) | SF | 5.25% | 9.12% | 9/5/2025 | 1/13/2030 | 4295 | 4234 | 4295 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Velociti, LLC (Revolver) | (19) | SF | 5.25% | 9.12% | 1/13/2025 | 1/10/2030 | 3790 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Watchguard Technologies, Inc. | (6)(46) | SF | 5.25% | 8.97% | 8/17/2022 | 6/29/2029 | 20466 | 19640 | 20479 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZI Intermediate II, Inc. | (6)(46) | SF | 5.25% | 9.10% | 5/13/2024 | 11/14/2031 | 82250 | 80966 | 82291 | 2.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZI Intermediate II, Inc. (Revolver) | (19) | SF | 5.25% | 9.10% | 11/14/2025 | 11/14/2031 | 6958 |  |  | 0.0% |
|  |  |  |  |  |  |  | 881374 | 720426 | 726082 | 25.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Advertising, Printing & Publishing** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95 Percent Buyer, LLC | (7)(8)(9) | SF | 5.60% | 9.47% | 11/24/2021 | 11/24/2026 | 15581 | 15514 | 15581 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95 Percent Buyer, LLC (Revolver) | (19) | SF | 5.60% | 9.47% | 11/24/2021 | 11/24/2026 | 809 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calienger Holdings, L.L.C. | (8) | SF | 5.85% | 9.72% | 10/21/2022 | 10/20/2028 | 4862 | 4795 | 4863 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calienger Holdings, L.L.C. |  | SF | 5.85% | 9.72% | 11/20/2025 | 10/20/2028 | 16985 | 16591 | 16986 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calienger Holdings, L.L.C. (Delayed Draw) | (19)(20) | SF | 5.85% | 9.72% | 11/20/2025 | 10/20/2028 | 2831 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calienger Holdings, L.L.C. (Revolver) | (19) | SF | 5.85% | 9.72% | 10/21/2022 | 10/20/2028 | 909 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CE Intermediate, LLC | (6)(7)(9)(10) | SF | 5.60% | 9.27% | 10/11/2022 | 7/1/2027 | 35728 | 35470 | 35013 | 1.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EverService Midco, LLC | (6)(8)(10)(11)(46) | SF | 5.25% | 9.12% | 8/28/2024 | 6/28/2030 | 38826 | 38198 | 37254 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EverService Midco, LLC (Revolver) | (19) | SF | 5.25% | 9.12% | 6/28/2024 | 6/28/2030 | 8919 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EverView AcquisitionCo, Inc. | (9)(46) | SF | 5.25% | 9.04% | 9/3/2025 | 9/3/2031 | 20750 | 20554 | 20750 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EverView AcquisitionCo, Inc. (Delayed Draw) | (19)(20) | SF | 5.25% | 9.04% | 9/3/2025 | 9/3/2031 | 6385 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EverView AcquisitionCo, Inc. (Revolver) | (19) | SF | 5.25% | 9.04% | 9/3/2025 | 9/3/2031 | 4788 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gas Media Holdings, LLC | (8)(10)(27) | SF | 5.00% | 8.99% | 4/17/2025 | 4/17/2031 | 56715 | 55923 | 55887 | 2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gas Media Holdings, LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.99% | 4/17/2025 | 4/17/2031 | 12214 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gas Media Holdings, LLC (Revolver) | (19) | SF | 5.00% | 8.99% | 4/17/2025 | 4/17/2031 | 5302 | 530 | 530 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Madison Logic Holdings, Inc. | (6) | SF | 7.50% | 8.85% Cash/ 2.37% PIK | 12/30/2022 | 12/29/2028 | 14017 | 13775 | 12586 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Madison Logic Holdings, Inc. (Revolver) | (19) | SF | 7.50% | 8.85% Cash/ 2.37% PIK | 12/30/2022 | 12/30/2027 | 635 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Narrative Strategies Acquisition, LLC | (8)(27) | SF | 4.75% | 8.62% | 9/19/2025 | 7/1/2030 | 7781 | 7670 | 7781 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Narrative Strategies Acquisition, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.62% | 7/1/2025 | 7/1/2030 | 3634 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Narrative Strategies Acquisition, LLC (Revolver) | (19) | SF | 4.75% | 8.62% | 7/1/2025 | 7/1/2030 | 1211 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OWL Acquisition, LLC | (6)(8) | SF | 4.75% | 8.63% | 4/17/2025 | 4/17/2032 | 17206 | 17003 | 16586 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OWL Acquisition, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.69% | 4/17/2025 | 4/17/2032 | 1570 | 287 | 277 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OWL Acquisition, LLC (Revolver) | (19) | SF | 4.75% | 8.63% | 4/17/2025 | 4/17/2032 | 3403 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Really Great Reading Company, Inc. | (8)(9) | SF | 6.10% | 10.09% | 12/9/2022 | 12/9/2028 | 11670 | 11503 | 11364 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Really Great Reading Company, Inc. (Revolver) | (19) | SF | 6.10% | 10.09% | 12/9/2022 | 12/8/2028 | 3200 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevant Industrial, LLC | (8) | SF | 4.75% | 8.42% | 5/16/2025 | 5/16/2031 | 17413 | 17205 | 17413 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevant Industrial, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.44% | 5/16/2025 | 5/16/2031 | 7608 | 417 | 417 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevant Industrial, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.42% | 5/16/2025 | 5/16/2031 | 3804 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevant Industrial, LLC (Revolver) | (19) | P | 3.75% | 10.50% | 5/16/2025 | 5/16/2031 | 3043 | 304 | 304 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC | (6) | SF | 5.85% | 9.72% | 9/9/2024 | 12/31/2026 | 1100 | 1091 | 1111 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC | (7)(9) | SF | 5.85% | 9.72% | 11/20/2020 | 12/31/2026 | 1899 | 1899 | 1899 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC | (8)(9) | SF | 5.85% | 9.72% | 3/28/2022 | 12/31/2026 | 5062 | 5062 | 5062 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC | (8) | SF | 5.85% | 9.72% | 11/20/2020 | 12/31/2026 | 849 | 849 | 849 | 0.0% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC (Revolver) | (19) | SF | 5.85% | 9.72% | 11/20/2020 | 12/31/2026 | 789 | $— | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SHOOK Research, LLC | (8)(9) | SF | 4.75% | 8.47% | 9/19/2025 | 7/31/2030 | 11471 | 11308 | 11570 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SHOOK Research, LLC (Revolver) | (19) | SF | 4.75% | 8.47% | 7/31/2025 | 7/31/2030 | 2875 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spherix Global Inc. | (7) | SF | 5.86% | 9.74% | 12/22/2021 | 12/22/2026 | 3124 | 3110 | 3100 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spherix Global Inc. (Revolver) | (19) | SF | 5.86% | 9.59% | 12/22/2021 | 12/22/2026 | 500 | 250 | 248 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Touchmath Acquisition LLC | (11) | SF | 5.75% | 9.62% | 2/28/2024 | 2/28/2030 | 9850 | 9701 | 9178 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Touchmath Acquisition LLC (Revolver) | (19) | SF | 5.75% | 9.62% | 2/28/2024 | 2/28/2030 | 1429 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XanEdu Publishing, Inc. | (7)(8) | SF | 6.00% | 9.72% | 1/28/2020 | 1/28/2027 | 5536 | 5536 | 5522 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XanEdu Publishing, Inc. | (8) | SF | 6.00% | 9.72% | 8/31/2022 | 1/28/2027 | 2200 | 2200 | 2195 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XanEdu Publishing, Inc. (Revolver) | (19) | SF | 6.00% | 9.72% | 1/28/2020 | 1/28/2027 | 977 |  |  | 0.0% |
|  |  |  |  |  |  |  | 375460 | 296745 | 294326 | 10.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Broadcasting & Subscription** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21) | SF | 8.26% | 12.14% PIK | 2/15/2024 | 1/31/2028 | 246 | 246 | 454 | 0.0% |
|  |  |  |  |  |  |  | 246 | 246 | 454 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Diversified & Production** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attom Intermediate Holdco, LLC | (8)(9)(10) | SF | 6.36% | 10.09% | 4/8/2025 | 12/4/2027 | 32753 | 32753 | 32474 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attom Intermediate Holdco, LLC (Delayed Draw) | (19)(20) | SF | 6.36% | 10.09% | 4/8/2025 | 12/4/2027 | 15277 | 183 | 181 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attom Intermediate Holdco, LLC (Revolver) | (19) | SF | 6.36% | 10.09% | 4/8/2025 | 12/4/2027 | 3972 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chess.com, LLC | (7)(8) | SF | 6.10% | 9.79% | 12/31/2021 | 12/31/2027 | 11711 | 11617 | 11711 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chess.com, LLC (Revolver) | (19) | SF | 6.10% | 9.79% | 12/31/2021 | 12/31/2027 | 1413 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crownpeak Technology, Inc. | (7)(9) | SF | 5.50% | 9.35% | 2/28/2019 | 12/31/2026 | 1728 | 1728 | 1711 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research Now Group, Inc. and Survey Sampling International, LLC |  | SF | 5.26% | 9.14% | 7/15/2024 | 7/15/2028 | 551 | 515 | 549 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sports Operating Holdings II, LLC | (6) | SF | 6.10% | 9.82% | 11/3/2022 | 11/3/2027 | 4837 | 4785 | 4832 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sports Operating Holdings II, LLC | (8) | SF | 6.10% | 9.82% | 11/3/2022 | 11/3/2027 | 3945 | 3945 | 3940 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sports Operating Holdings II, LLC (Revolver) | (19) | SF | 6.10% | 9.82% | 11/3/2022 | 11/3/2027 | 1731 | 231 | 231 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STATS Intermediate Holdings, LLC |  | SF | 5.51% | 9.40% | 3/26/2024 | 7/10/2026 | 14158 | 14121 | 13953 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Streamland Media MidCo LLC (Delayed Draw) | (19)(20)(21) | SF | 5.76% | 9.43% | 9/11/2025 | 3/30/2029 | 106 | 70 | 72 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Touchtunes Music Group, LLC |  | SF | 4.75% | 8.42% | 6/30/2025 | 3/30/2029 | 4731 | 4682 | 4626 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USLIVE OPCO, INC. | (6) | SF | 5.50% | 9.29% | 7/2/2025 | 7/2/2030 | 10000 | 9812 | 10005 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USLIVE OPCO, INC. (Revolver) | (19) | SF | 5.50% | 9.29% | 7/2/2025 | 7/2/2030 | 2105 |  |  | 0.0% |
|  |  |  |  |  |  |  | 109018 | 84442 | 84285 | 3.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Retail** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rita's Franchise Company, LLC | (11) | SF | 4.75% | 8.62% | 12/9/2024 | 11/15/2030 | 14603 | 14448 | 14624 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rita's Franchise Company, LLC (Revolver) | (19) | SF | 4.75% | 8.62% | 11/15/2024 | 11/15/2030 | 1799 |  |  | 0.0% |
|  |  |  |  |  |  |  | 16402 | 14448 | 14624 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Business** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A360, Inc. | (11) | SF | 5.25% | 9.24% | 12/19/2024 | 12/19/2030 | 10421 | 10287 | 10421 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A360, Inc. (Delayed Draw) | (19)(20) | SF | 5.25% | 9.09% | 12/19/2024 | 12/19/2030 | 4437 | 444 | 444 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A360, Inc. (Revolver) | (19) | SF | 5.25% | 9.10% | 12/19/2024 | 12/19/2030 | 2218 | 103 | 103 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelya US Inc. | (12)(42) | SF | 5.25% | 8.92% | 9/29/2025 | 10/1/2032 | 8400 | 8235 | 8374 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aligned Exteriors Group Holdco, LLC | (11) | SF | 5.25% | 8.94% | 12/13/2024 | 12/13/2029 | 13860 | 13662 | 13721 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aligned Exteriors Group Holdco, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.94% | 12/13/2024 | 12/13/2029 | 10000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aligned Exteriors Group Holdco, LLC (Revolver) | (19) | SF | 5.25% | 8.94% | 12/13/2024 | 12/13/2029 | 1667 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC | (27)(46) | SF | 5.25% | 8.92% | 2/21/2025 | 6/30/2030 | 20551 | 20286 | 20757 | 0.7% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC | (27) | SF | 5.25% | 8.92% | 2/21/2025 | 6/30/2030 | 5712 | $5639 | $5770 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC |  | SF | 5.25% | 8.92% | 12/31/2024 | 6/30/2030 | 4052 | 4052 | 4093 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC | (8) | SF | 5.25% | 8.92% | 9/8/2025 | 6/30/2030 | 2516 | 2481 | 2547 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC | (8) | SF | 5.25% | 8.97% | 10/31/2025 | 6/30/2030 | 2580 | 2550 | 2612 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.92% | 10/31/2025 | 6/30/2030 | 4311 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.92% | 7/3/2025 | 6/30/2030 | 4302 | 809 | 819 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambient Enterprises Holdco, LLC (Revolver) | (19) | SF | 5.25% | 8.92% | 12/31/2024 | 12/8/2029 | 1642 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aras Corporation | (6)(9) | SF | 5.25% | 8.92% | 4/13/2021 | 4/13/2029 | 5246 | 5224 | 5299 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aras Corporation (Revolver) | (19) | SF | 5.25% | 8.92% | 4/13/2021 | 4/13/2029 | 726 | 254 | 254 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASG III, LLC | (9)(46) | SF | 6.50% | 10.34% | 10/31/2023 | 10/31/2029 | 7484 | 7349 | 7484 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASG III, LLC | (27)(46) | SF | 6.50% | 10.34% | 10/31/2023 | 10/31/2029 | 3151 | 3151 | 3151 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASG III, LLC (Delayed Draw) | (19)(20) | SF | 6.25% | 10.09% | 8/30/2024 | 10/31/2029 | 18078 | 6134 | 6134 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASG III, LLC (Revolver) | (19) | SF | 6.50% | 10.34% | 10/31/2023 | 10/31/2029 | 3158 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Reliability Bidco, Inc. | (12)(22) | CA | 5.25% | 7.48% | 12/1/2025 | 12/1/2031 | 11388 | 11054 | 11388 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Reliability Bidco, Inc. |  | SF | 5.25% | 9.04% | 12/1/2025 | 12/1/2031 | 20350 | 20151 | 20147 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Reliability Bidco, Inc. (Delayed Draw) | (19)(20) | SF | 5.25% | 9.04% | 12/1/2025 | 12/1/2031 | 7454 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Reliability Bidco, Inc. (Revolver) | (19) | SF | 5.25% | 9.04% | 12/1/2025 | 12/1/2031 | 2982 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bloomerang, LLC | (6)(9)(11)(46) | SF | 6.50% | 6.67% Cash/ 3.50% PIK | 12/27/2023 | 12/27/2029 | 16141 | 15904 | 16141 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bloomerang, LLC (Delayed Draw) | (19)(20) | SF | 6.50% | 6.67% Cash/ 3.50% PIK | 12/27/2023 | 12/27/2029 | 4800 | 1614 | 1614 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bloomerang, LLC (Revolver) | (19) | SF | 6.00% | 9.67% | 12/27/2023 | 12/27/2029 | 3200 | 1600 | 1600 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buck Design LLC | (10) | SF | 4.50% | 8.37% | 6/11/2025 | 6/2/2031 | 10000 | 9906 | 9950 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buck Design LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.43% | 6/2/2025 | 6/2/2031 | 7843 | 3529 | 3512 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buck Design LLC (Revolver) | (19) | SF | 4.50% | 8.45% | 6/2/2025 | 6/2/2031 | 3922 | 802 | 798 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cdata Software, Inc. | (7)(9)(11)(46) | SF | 5.75% | 9.44% | 7/18/2024 | 7/18/2030 | 45950 | 45287 | 46007 | 1.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cdata Software, Inc. (Delayed Draw) | (19)(20) | SF | 5.75% | 9.44% | 7/18/2024 | 7/18/2030 | 4255 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cdata Software, Inc. (Delayed Draw) | (19)(20) | SF | 5.75% | 9.44% | 7/18/2024 | 7/18/2030 | 5956 | 2340 | 2343 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cdata Software, Inc. (Revolver) | (19) | SF | 5.75% | 9.44% | 7/18/2024 | 7/18/2030 | 5106 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearCapital Holdings, LLC | (6)(8) | SF | 5.00% | 8.67% | 8/6/2025 | 6/30/2032 | 7206 | 7118 | 7231 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearCapital Holdings, LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.67% | 7/2/2025 | 6/30/2032 | 3431 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearCapital Holdings, LLC (Revolver) | (19) | SF | 5.00% | 8.67% | 7/2/2025 | 6/30/2032 | 1620 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. | (7)(9)(11) | SF | 6.25% | 9.87% | 9/15/2023 | 9/14/2029 | 36000 | 35379 | 36126 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. | (27)(46) | SF | 6.25% | 9.87% | 9/15/2023 | 9/14/2029 | 6750 | 6750 | 6774 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. | (46) | SF | 6.25% | 9.87% | 3/28/2025 | 9/14/2029 | 18827 | 18661 | 18893 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. (Delayed Draw) | (19)(20) | SF | 6.25% | 9.87% | 3/28/2025 | 9/14/2029 | 5379 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. |  | SF | 6.25% | 9.87% | 5/17/2024 | 9/14/2029 | 4114 | 4114 | 4129 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. (Revolver) | (19) | SF | 6.25% | 9.87% | 9/15/2023 | 9/14/2029 | 5625 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-Discovery Acquireco, LLC | (6)(9) | SF | 6.25% | 10.07% | 8/29/2023 | 8/29/2029 | 20000 | 19650 | 20200 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-Discovery Acquireco, LLC | (6) | SF | 5.50% | 9.32% | 5/3/2024 | 8/29/2029 | 3273 | 3248 | 3265 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-Discovery Acquireco, LLC (Revolver) | (19) | SF | 6.25% | 10.07% | 8/29/2023 | 8/29/2029 | 2727 | 1455 | 1455 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. | (7)(12)(36) | SF | 6.85% | 10.54% | 9/21/2021 | 12/29/2028 | 13576 | 13489 | 13508 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. | (7)(12)(36) | SF | 6.85% | 10.54% | 9/21/2021 | 12/29/2028 | 1056 | 1056 | 1050 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. | (12)(36) | SF | 6.85% | 10.54% | 3/28/2024 | 12/29/2028 | 2222 | 2222 | 2211 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. | (12)(36) | SF | 6.85% | 10.54% | 5/4/2023 | 12/29/2028 | 1687 | 1687 | 1679 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. (Delayed Draw) | (12)(19)(20)(36) | SF | 6.85% | 10.54% | 5/12/2025 | 12/29/2028 | 1922 | 1652 | 1644 | 0.1% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. (Revolver) | (12)(19)(36) | SF | 6.85% | 10.54% | 9/21/2021 | 12/29/2028 | 2067 | $— | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecotrak, LLC (fka Respida Software Equity CI LP) | (46) | SF | 6.00% | 9.87% | 9/11/2025 | 9/11/2030 | 7547 | 7403 | 7547 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecotrak, LLC (fka Respida Software Equity CI LP) (Delayed Draw) | (19)(20) | SF | 6.00% | 9.87% | 9/11/2025 | 9/11/2030 | 268 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecotrak, LLC (fka Respida Software Equity CI LP) (Revolver) | (19) | SF | 6.00% | 9.87% | 9/11/2025 | 9/11/2030 | 1132 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edustaff, LLC | (6)(9) | SF | 5.60% | 9.32% | 12/8/2022 | 12/8/2027 | 10844 | 10709 | 10844 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edustaff, LLC (Revolver) | (19) | SF | 5.60% | 9.32% | 12/8/2022 | 12/8/2027 | 2364 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hart Halsey, LLC | (8) | SF | 5.75% | 8.74% Cash/ 1.00% PIK | 6/25/2025 | 6/25/2031 | 7500 | 7428 | 7515 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hart Halsey, LLC (Delayed Draw) | (19)(20) | SF | 5.75% | 8.74% Cash/ 1.00% PIK | 6/25/2025 | 6/25/2031 | 7500 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hart Halsey, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.61% | 6/25/2025 | 6/25/2031 | 5100 | 259 | 259 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hart Halsey, LLC (Revolver) | (19) | SF | 5.75% | 8.74% Cash/ 1.00% PIK | 6/25/2025 | 6/25/2031 | 2250 | 1500 | 1500 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huckabee Acquisition, LLC | (6)(8)(10)(46) | SF | 5.25% | 8.92% | 1/16/2024 | 1/16/2030 | 29475 | 29031 | 29475 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huckabee Acquisition, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 8.92% | 1/16/2024 | 1/16/2030 | 6522 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huckabee Acquisition, LLC (Revolver) | (19) | SF | 5.25% | 8.92% | 1/16/2024 | 1/16/2030 | 3913 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iCIMS, Inc. | (7) | SF | 6.25% | 10.11% | 10/24/2022 | 8/18/2028 | 8000 | 7924 | 7820 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inmar, Inc. |  | SF | 4.50% | 8.22% | 12/31/2025 | 5/1/2026 | 9950 | 9975 | 9850 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC | (6)(8)(10) | SF | 5.50% | 9.19% | 12/27/2023 | 12/27/2029 | 14700 | 14485 | 14722 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC | (11)(46) | SF | 5.50% | 9.22% | 12/9/2024 | 12/27/2029 | 7100 | 7013 | 7111 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC | (8) | SF | 5.50% | 9.22% | 12/27/2023 | 12/27/2029 | 8192 | 8192 | 8205 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC | (8) | SF | 5.50% | 9.22% | 11/19/2024 | 12/27/2029 | 12366 | 12366 | 12384 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC |  | SF | 5.50% | 9.22% | 12/10/2025 | 12/27/2029 | 10882 | 10719 | 10898 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC (Delayed Draw) | (19)(20) | SF | 5.50% | 9.19% | 12/10/2025 | 12/27/2029 | 12397 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interstate BidCo, LLC (Revolver) | (19) | SF | 5.50% | 9.19% | 12/27/2023 | 12/27/2029 | 3125 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JDX Studio, LLC | (11) | SF | 5.00% | 8.72% | 12/9/2024 | 11/13/2030 | 9900 | 9753 | 9929 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JDX Studio, LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.72% | 11/14/2024 | 11/13/2030 | 799 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JDX Studio, LLC (Revolver) | (19) | SF | 5.00% | 8.72% | 11/14/2024 | 11/13/2030 | 2398 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K2 Services Venture LLC | (8) | SF | 5.25% | 8.97% | 11/4/2025 | 9/5/2031 | 54796 | 54126 | 55057 | 1.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K2 Services Venture LLC | (8) | SF | 5.25% | 8.97% | 9/5/2025 | 9/5/2031 | 13400 | 13241 | 13464 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K2 Services Venture LLC (Revolver) | (19) | SF | 5.25% | 9.10% | 9/5/2025 | 9/5/2031 | 7976 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingsley Gate Partners, LLC | (6) | SF | 6.65% | 10.64% | 12/9/2022 | 12/11/2028 | 2918 | 2884 | 2913 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingsley Gate Partners, LLC | (8) | SF | 6.65% | 10.64% | 12/9/2022 | 12/11/2028 | 936 | 936 | 936 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingsley Gate Partners, LLC |  | SF | 6.65% | 10.64% | 12/9/2022 | 12/11/2028 | 1354 | 1354 | 1352 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingsley Gate Partners, LLC (Revolver) |  | SF | 6.65% | 10.64% | 12/9/2022 | 12/11/2028 | 1200 | 1200 | 1198 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Milrose Consultants, LLC | (6)(8)(10)(46) | SF | 6.65% | 10.49% | 8/31/2023 | 8/31/2028 | 43988 | 43286 | 44053 | 1.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Milrose Consultants, LLC | (27) | SF | 6.60% | 10.32% | 10/25/2024 | 8/31/2028 | 1587 | 1579 | 1589 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Milrose Consultants, LLC | (27) | SF | 6.60% | 10.32% | 12/2/2024 | 8/31/2028 | 3531 | 3478 | 3536 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Milrose Consultants, LLC | (8) | SF | 6.60% | 10.32% | 8/18/2025 | 8/31/2028 | 9195 | 9072 | 9209 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Milrose Consultants, LLC | (8) | SF | 6.60% | 10.32% | 9/5/2025 | 8/31/2028 | 4198 | 4198 | 4204 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Milrose Consultants, LLC (Revolver) | (19) | SF | 6.60% | 10.32% | 8/31/2023 | 8/31/2028 | 2308 | 1154 | 1154 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MYOB US Borrower, LLC (fka ETA Australia Holdings III Pty Ltd and MYOB US Borrower LLC) | (12)(25)(35) | BB | 5.25% | 7.27% Cash/ 1.67% PIK | 6/6/2025 | 5/29/2030 | 27094 | 26006 | 26281 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talent Systems, LLC (fka Moonraker Acquisitionco LLC) | (6) | SF | 5.75% | 9.45% | 9/30/2022 | 8/4/2028 | 6668 | 6601 | 6668 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talent Systems, LLC (fka Moonraker Acquisitionco LLC) (Revolver) | (19) | SF | 5.75% | 9.45% | 9/30/2022 | 8/4/2028 | 933 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NFM & J, L.P. | (6)(7)(9) | SF | 5.85% | 9.69% | 11/15/2023 | 11/30/2027 | 13050 | 12921 | 13050 | 0.5% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NFM & J, L.P. |  | SF | 5.85% | 9.67% | 11/15/2023 | 11/30/2027 | 818 | $818 | $818 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NFM & J, L.P. (Revolver) | (19) | P | 4.75% | 11.50% | 11/15/2023 | 11/30/2027 | 5273 | 1846 | 1846 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northeast Contracting Company, LLC |  | SF | 6.26% | 10.05% | 8/16/2024 | 8/16/2029 | 7406 | 7285 | 7399 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northeast Contracting Company, LLC (Revolver) | (19) | SF | 6.43% | 10.13% | 8/16/2024 | 8/16/2029 | 1591 | 341 | 341 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Onix Networking Corp. | (8) | SF | 5.25% | 8.92% | 5/9/2025 | 10/2/2029 | 4478 | 4478 | 4478 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Onix Networking Corp. | (6)(8) | SF | 5.25% | 8.92% | 10/2/2023 | 10/2/2029 | 14700 | 14489 | 14700 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Onix Networking Corp. (Revolver) | (19) | SF | 5.25% | 8.92% | 10/2/2023 | 10/2/2029 | 5000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPOC Acquisition, LLC | (11) | SF | 5.00% | 8.99% | 12/20/2024 | 12/20/2030 | 12903 | 12737 | 12944 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPOC Acquisition, LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.88% | 12/20/2024 | 12/20/2030 | 3009 | 361 | 361 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPOC Acquisition, LLC (Revolver) | (19) | SF | 5.00% | 8.88% | 12/20/2024 | 12/20/2030 | 1204 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. | (46) | SF | 5.75% | 9.74% | 4/9/2024 | 4/9/2030 | 16369 | 16112 | 16369 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. | (12)(23) | SF | 6.00% | 9.99% | 4/9/2024 | 4/9/2030 | 36383 | 33700 | 36110 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. (Delayed Draw) | (19)(20) | SF | 5.75% | 9.44% | 4/9/2024 | 4/9/2030 | 16833 | 8955 | 8955 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. (Delayed Draw) | (19)(20) | SF | 5.75% | 9.74% | 4/9/2024 | 4/9/2030 | 1762 | 1592 | 1592 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. (Delayed Draw) | (12)(19)(20)(23) | SF | 6.00% | 9.99% | 4/9/2024 | 4/9/2030 | 3571 | 3158 | 3155 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. (Revolver) | (19) | SF | 5.75% | 9.60% | 4/9/2024 | 4/9/2030 | 6733 | 2020 | 2020 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PC Pest Buyer, LLC | (6)(8) | SF | 5.25% | 9.10% | 6/20/2024 | 6/20/2030 | 13860 | 13670 | 13867 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PC Pest Buyer, LLC (Delayed Draw) | (19)(20) | SF | 5.25% | 9.10% | 6/20/2024 | 6/20/2030 | 41817 | 32351 | 32367 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PC Pest Buyer, LLC (Revolver) | (19) | SF | 5.25% | 9.10% | 6/20/2024 | 6/20/2030 | 8400 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PRGX Global, Inc. | (8)(11)(46) | SF | 5.50% | 9.49% | 12/20/2024 | 12/20/2030 | 36148 | 35689 | 35673 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PRGX Global, Inc. (Revolver) | (19) | SF | 5.50% | 9.22% | 2/20/2025 | 12/20/2030 | 4345 | 1970 | 1970 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Accelerate Parent, LLC | (8) | SF | 5.25% | 8.97% | 2/22/2024 | 2/22/2031 | 11697 | 11610 | 11714 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Accelerate Parent, LLC (Revolver) | (19) | SF | 5.25% | 8.97% | 2/22/2024 | 2/22/2031 | 3125 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prototek LLC | (21) | SF | 7.85% | 7.22% Cash/ 4.50% PIK | 12/8/2022 | 12/8/2027 | 6177 | 5481 | 5139 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prototek LLC (Revolver) | (19)(21) | SF | 7.85% | 7.22% Cash/ 4.50% PIK | 12/8/2022 | 12/8/2027 | 921 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rampart Exterior Services Buyer, Inc. | (8) | SF | 5.25% | 8.97% | 8/6/2024 | 8/6/2030 | 7406 | 7279 | 7480 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rampart Exterior Services Buyer, Inc. | (8) | SF | 5.25% | 8.97% | 8/6/2024 | 8/6/2030 | 7071 | 7071 | 7142 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rampart Exterior Services Buyer, Inc. | (8) | SF | 5.25% | 8.97% | 3/12/2025 | 8/6/2030 | 5127 | 5034 | 5178 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rampart Exterior Services Buyer, Inc. (Revolver) | (19) | SF | 5.25% | 8.97% | 8/6/2024 | 8/6/2030 | 2679 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Corporation | (8) | SF | 4.50% | 8.34% | 10/31/2025 | 10/31/2031 | 6000 | 5926 | 5926 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Corporation (Delayed Draw) | (19)(20) | SF | 4.50% | 8.34% | 10/31/2025 | 10/31/2031 | 2727 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDG Corporation (Revolver) | (19) | SF | 4.50% | 8.34% | 10/31/2025 | 10/31/2031 | 2046 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Security Services Acquisition Sub Corp. | (6)(11) | SF | 5.85% | 9.57% | 6/17/2024 | 9/30/2027 | 35878 | 35878 | 35716 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Security Services Acquisition Sub Corp. | (6)(11) | SF | 5.85% | 9.57% | 6/17/2024 | 9/30/2027 | 11139 | 11139 | 11089 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Security Services Acquisition Sub Corp. | (6)(11) | SF | 5.85% | 9.57% | 6/17/2024 | 9/30/2027 | 11003 | 11003 | 10954 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signal 88, LLC | (6)(8)(46) | SF | 6.00% | 9.87% | 6/3/2024 | 6/3/2029 | 23206 | 22943 | 23206 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SingleStore, Inc. |  | SF | 6.25% | 9.14% Cash/ 1.00% PIK | 10/16/2025 | 10/16/2031 | 73000 | 72273 | 72270 | 2.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SingleStore, Inc. (Delayed Draw) | (19)(20) | SF | 6.25% | 9.14% Cash/ 1.00% PIK | 10/16/2025 | 10/16/2031 | 8319 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SingleStore, Inc. (Revolver) | (19) | SF | 6.25% | 9.14% Cash/ 1.00% PIK | 10/16/2025 | 10/16/2031 | 8488 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunstates Security, LLC | (8) | SF | 4.50% | 8.23% | 8/9/2024 | 8/9/2030 | 19900 | 19654 | 20099 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunstates Security, LLC (Delayed Draw) | (19)(20) | SF | 4.50% | 8.23% | 8/9/2024 | 8/9/2030 | 13317 | 6650 | 6717 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Symplr Software, Inc. | (34) | SF | 4.60% | 8.44% | 3/31/2025 | 2/9/2031 |  |  |  | 0.0% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TIC Bidco Limited | (12)(23)(42) | SN | 4.50% | 8.47% | 12/12/2025 | 6/14/2031 | 17518 | $16361 | $17534 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valkyrie Buyer, LLC | (6)(46) | SF | 4.75% | 8.42% | 5/6/2024 | 5/6/2031 | 17868 | 17643 | 17886 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valkyrie Buyer, LLC |  | SF | 4.75% | 8.42% | 5/6/2024 | 5/6/2031 | 2080 | 2080 | 2082 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valkyrie Buyer, LLC |  | SF | 4.75% | 8.42% | 5/6/2024 | 5/6/2031 | 7443 | 7443 | 7451 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valkyrie Buyer, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.42% | 11/8/2024 | 5/6/2031 | 6660 | 4172 | 4176 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valkyrie Buyer, LLC |  | SF | 4.75% | 8.42% | 11/8/2024 | 5/6/2031 | 3333 | 3333 | 3337 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valkyrie Buyer, LLC (Revolver) | (19) | SF | 4.75% | 8.42% | 5/6/2024 | 5/6/2030 | 3509 | 1123 | 1123 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veritas Buyer, LLC and DecisionHR Holdings, Inc. |  | SF | 4.50% | 8.28% | 12/8/2025 | 12/8/2031 | 19600 | 19404 | 19404 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veritas Buyer, LLC and DecisionHR Holdings, Inc. (Delayed Draw) | (19)(20) | SF | 4.50% | 8.28% | 12/8/2025 | 12/8/2031 | 6125 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veritas Buyer, LLC and DecisionHR Holdings, Inc. (Revolver) | (19) | SF | 4.50% | 8.28% | 12/8/2025 | 12/8/2031 | 3063 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vhagar Purchaser, LLC | (6)(9)(46) | SF | 5.50% | 9.49% | 6/5/2025 | 6/11/2031 | 29333 | 29333 | 29370 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vhagar Purchaser, LLC | (6)(46) | SF | 5.50% | 9.49% | 6/5/2025 | 6/11/2031 | 13333 | 13147 | 13350 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vhagar Purchaser, LLC (Delayed Draw) | (19)(20) | SF | 5.50% | 9.49% | 6/5/2025 | 6/11/2031 | 6667 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vhagar Purchaser, LLC (Revolver) | (19) | SF | 5.50% | 9.49% | 6/5/2025 | 6/11/2031 | 2667 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WPEngine, Inc. | (7)(9) | SF | 5.75% | 9.45% | 8/14/2023 | 8/14/2029 | 16500 | 16163 | 16500 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WPEngine, Inc. (Revolver) | (19) | SF | 5.75% | 9.45% | 8/14/2023 | 8/14/2029 | 1650 |  |  | 0.0% |
|  |  |  |  |  |  |  | 1459875 | 1181836 | 1196179 | 42.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Consumer** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alta Pest Control, LLC |  | SF | 4.75% | 8.47% | 11/18/2025 | 11/18/2031 | 4000 | 3941 | 3940 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alta Pest Control, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.48% | 11/18/2025 | 11/18/2031 | 4000 | 240 | 238 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alta Pest Control, LLC (Revolver) | (19) | SF | 4.75% | 8.47% | 11/18/2025 | 11/18/2031 | 2000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMS Parent, LLC | (8)(27) | SF | 5.01% | 8.68% | 4/8/2024 | 10/25/2028 | 15195 | 15043 | 14682 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Holdings, LLC | (6) | SF | 6.40% | 10.09% | 12/28/2023 | 6/23/2028 | 4900 | 4825 | 4900 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Holdings, LLC | (6)(7) | SF | 6.40% | 10.09% | 7/19/2023 | 6/23/2028 | 4900 | 4830 | 4900 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Holdings, LLC | (6)(8)(10) | SF | 5.90% | 9.59% | 6/24/2022 | 6/23/2028 | 14513 | 14372 | 14396 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Holdings, LLC | (8)(11) | SF | 5.90% | 9.59% | 6/24/2022 | 6/23/2028 | 20644 | 20644 | 20479 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Holdings, LLC | (8) | SF | 5.90% | 9.59% | 6/20/2024 | 6/23/2028 | 8265 | 8265 | 8199 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Holdings, LLC (Revolver) | (19) | SF | 5.90% | 9.59% | 6/24/2022 | 6/23/2028 | 4523 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expedited Travel, LLC | (7)(8)(9)(10) | SF | 6.61% | 10.49% | 11/8/2023 | 11/8/2028 | 8513 | 8377 | 8332 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expedited Travel, LLC (Revolver) |  | SF | 6.61% | 10.49% | 11/8/2023 | 11/8/2028 | 1500 | 1500 | 1468 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC | (6)(8) | SF | 6.25% | 10.18% | 4/10/2025 | 4/10/2031 | 18660 | 18485 | 18380 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC (Revolver) | (19) | SF | 6.25% | 10.18% | 4/10/2025 | 4/10/2031 | 1103 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Innovative Artists Entertainment, LLC | (8)(27) | SF | 5.50% | 9.49% | 3/21/2025 | 3/21/2031 | 22194 | 21894 | 20045 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Innovative Artists Entertainment, LLC (Revolver) | (19) | SF | 5.50% | 9.49% | 3/21/2025 | 3/21/2031 | 2225 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Light Wave Dental Management, LLC | (8) | SF | 5.50% | 9.19% | 5/13/2025 | 6/29/2029 | 2932 | 2881 | 2926 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Light Wave Dental Management, LLC | (8) | SF | 5.50% | 9.19% | 12/17/2024 | 6/29/2029 | 4936 | 4936 | 4926 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Light Wave Dental Management, LLC | (8) | SF | 5.50% | 9.19% | 7/16/2024 | 6/29/2029 | 527 | 515 | 526 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Light Wave Dental Management, LLC | (8)(9)(10)(11) | SF | 5.50% | 9.19% | 6/30/2023 | 6/29/2029 | 26813 | 26268 | 26759 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Light Wave Dental Management, LLC (Revolver) | (19) | SF | 5.50% | 9.19% | 6/30/2023 | 6/29/2029 | 4753 | 4373 | 4364 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mammoth Holdings, LLC | (10)(11) | SF | 6.00% | 9.67% | 11/15/2023 | 11/15/2030 | 21382 | 21051 | 21008 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mammoth Holdings, LLC |  | SF | 6.00% | 9.67% | 11/15/2023 | 11/15/2030 | 5374 | 5374 | 5280 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mammoth Holdings, LLC (Revolver) | (19) | SF | 6.00% | 9.72% | 11/15/2023 | 11/15/2029 | 2727 | 668 | 655 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McKissock Investment Holdings, LLC |  | SF | 5.15% | 9.04% | 8/25/2025 | 3/9/2029 | 9948 | 9961 | 9364 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Removery, LLC |  | SF | 8.00% | 11.87% | 9/8/2025 | 9/8/2030 | 12000 | 11770 | 12000 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steel City Wash, LLC | (27) | SF | 5.50% | 9.49% | 2/21/2025 | 2/5/2030 | 13930 | 13687 | 13846 | 0.5% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steel City Wash, LLC (Delayed Draw) | (19)(20) | SF | 5.50% | 9.49% | 2/5/2025 | 2/5/2030 | 3158 | $— | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steel City Wash, LLC (Revolver) | (19) | SF | 5.50% | 9.49% | 2/5/2025 | 2/5/2030 | 1579 | 337 | 335 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Black Tux, LLC | (8)(9)(10) | SF | 6.50% | 10.22% | 12/27/2023 | 12/27/2028 | 9373 | 9330 | 9368 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Black Tux, LLC (Delayed Draw) | (19)(20) | SF | 6.50% | 10.22% | 12/27/2023 | 12/27/2028 | 1900 | 796 | 796 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Black Tux, LLC (Revolver) | (19) | SF | 6.50% | 10.22% | 12/27/2023 | 12/27/2028 | 1944 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC | (12)(24) | SF | 6.50% | 10.49% | 11/20/2024 | 11/20/2030 | 6460 | 5712 | 6176 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC | (12)(24) | SF | 6.50% | 10.49% | 11/20/2024 | 11/20/2030 | 19770 | 17485 | 18900 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC | (11) | SF | 6.25% | 10.24% | 12/13/2024 | 11/20/2030 | 6369 | 6273 | 6082 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC | (11) | SF | 6.25% | 10.24% | 12/13/2024 | 11/20/2030 | 13483 | 13279 | 12876 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC (Delayed Draw) | (19)(20) | SF | 6.25% | 10.24% | 11/20/2024 | 11/20/2030 | 12270 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC (Revolver) | (12)(19)(24) | SF | 6.50% | 10.49% | 11/20/2024 | 11/20/2030 | 2937 | 1311 | 1404 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Gersh Agency, LLC (Revolver) | (19) | SF | 6.25% | 10.24% | 11/20/2024 | 11/20/2030 | 5059 | 3372 | 3220 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Hertz Corporation | (12) | SF | 3.61% | 7.33% | 6/21/2024 | 6/30/2028 | 8200 | 8085 | 6908 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Hertz Corporation | (12) | SF | 3.61% | 7.33% | 6/21/2024 | 6/30/2028 | 1618 | 1595 | 1363 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ultra Clean Holdco LLC | (10)(11) | SF | 5.00% | 8.99% | 7/16/2024 | 7/1/2030 | 20685 | 20387 | 20551 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ultra Clean Holdco LLC (Delayed Draw) | (19)(20) | SF | 5.00% | 8.99% | 7/16/2024 | 7/1/2030 | 7461 | 3711 | 3686 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ultra Clean Holdco LLC (Revolver) | (19) | SF | 5.00% | 8.99% | 7/16/2024 | 7/1/2030 | 3000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanterra Holdings, LLC | (6) | SF | 4.25% | 8.09% | 8/8/2025 | 8/8/2031 | 10500 | 10397 | 10500 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanterra Holdings, LLC (Delayed Draw) | (19)(20) | SF | 4.25% | 8.09% | 8/8/2025 | 8/8/2031 | 21000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanterra Holdings, LLC (Delayed Draw) | (19)(20) | SF | 4.25% | 8.09% | 8/8/2025 | 8/8/2031 | 21000 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanterra Holdings, LLC (Revolver) | (19) | SF | 4.25% | 8.09% | 8/8/2025 | 8/8/2031 | 6300 |  |  | 0.0% |
|  |  |  |  |  |  |  | 426523 | 325970 | 323778 | 11.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Telecommunications** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Broadband and Telecommunications Company LLC | (6)(28) | P | 12.00% | 16.75% Cash/ 2.00% PIK | 6/10/2022 | n/a | 2701 | 2701 | 2779 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Broadband and Telecommunications Company LLC (Revolver) | (19)(28) | P | 12.00% | 16.75% Cash/ 2.00% PIK | 6/10/2022 | n/a | 1000 | 257 | 265 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AppLogic Networks OpCo I LLC (fka Sandvine Corporation) | (21) | SF | 6.00% | 4.77% Cash/ 5.00% PIK | 3/3/2025 | 3/3/2030 | 376 | 361 | 350 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Archtop Fiber Intermediate LLC |  | SF | 6.25% | 10.12% | 4/1/2025 | 4/1/2030 | 21993 | 21597 | 21992 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Archtop Fiber Intermediate LLC (Delayed Draw) | (19)(20) | SF | 6.25% | 10.03% | 4/1/2025 | 4/1/2030 | 33722 | 5865 | 5865 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DataOnline Corp. | (8)(27) | SF | 5.35% | 9.07% | 5/30/2025 | 11/13/2026 | 8587 | 8506 | 8587 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DataOnline Corp. | (7)(8)(9)(10)(11)<br>(46) | SF | 5.40% | 9.24% | 11/13/2019 | 11/13/2026 | 34310 | 34308 | 34396 | 1.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DataOnline Corp. (Revolver) | (19) | SF | 5.40% | 9.09% | 11/13/2019 | 11/13/2026 | 3701 | 2591 | 2591 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EOS Finco S.A.R.L. | (8)(12)(21)(38) | SF | 6.00% | 9.72% | 9/30/2025 | 10/6/2029 | 6985 | 6722 | 1929 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MB Purchaser, LLC | (8)(10) | SF | 4.75% | 8.52% | 1/3/2024 | 1/3/2030 | 14738 | 14522 | 14627 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MB Purchaser, LLC |  | SF | 4.75% | 8.52% | 1/3/2024 | 1/3/2030 | 12371 | 12371 | 12278 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MB Purchaser, LLC | (8) | SF | 4.75% | 8.52% | 10/28/2025 | 1/3/2030 | 5501 | 5448 | 5460 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MB Purchaser, LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.52% | 10/28/2025 | 1/3/2030 | 3213 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MB Purchaser, LLC (Revolver) | (19) | SF | 4.75% | 8.52% | 1/3/2024 | 1/3/2030 | 3785 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Patagonia Holdco LLC | (6)(12) | SF | 5.75% | 9.62% | 8/5/2022 | 8/1/2029 | 14513 | 12865 | 10821 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Radiate Holdco, LLC | (34) | SF | 5.11% | 7.33% Cash/ 1.50% PIK | 7/31/2025 | 9/25/2029 | 13 | 13 | 10 | 0.0% |
|  |  |  |  |  |  |  | 167509 | 128127 | 121950 | 4.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Transportation: Cargo** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dusk Acquisition II Corporation | (6)(10) | SF | 6.00% | 9.67% | 7/12/2024 | 7/12/2029 | 7823 | 7704 | 7901 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dusk Acquisition II Corporation | (6)(8) | SF | 6.00% | 9.67% | 11/29/2024 | 7/12/2029 | 10518 | 10349 | 10624 | 0.4% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Epika Fleet Services, Inc. | (8)(11)(27) | SF | 5.00% | 8.69% | 5/20/2025 | 4/17/2031 | 49932 | $49350 | $50431 | 1.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Epika Fleet Services, Inc. | (10) | SF | 5.00% | 8.84% | 6/5/2025 | 4/17/2031 | 13217 | 13138 | 13349 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Epika Fleet Services, Inc. (Delayed Draw) | (19)(20) | SF | 5.00% | 8.69% | 4/17/2025 | 4/17/2031 | 17998 | 11099 | 11210 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Epika Fleet Services, Inc. (Revolver) | (19) | SF | 5.00% | 8.69% | 4/17/2025 | 4/17/2031 | 9936 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiasco Enterprises, LLC | (11) | SF | 6.61% | 10.49% | 5/6/2022 | 5/6/2027 | 6773 | 6731 | 6684 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiasco Enterprises, LLC | (6)(11) | SF | 6.61% | 10.49% | 12/15/2022 | 5/6/2027 | 8169 | 8077 | 8063 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiasco Enterprises, LLC | (8) | SF | 6.61% | 10.49% | 10/29/2025 | 5/6/2027 | 35412 | 34775 | 34951 | 1.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiasco Enterprises, LLC (Revolver) | (19) | SF | 6.61% | 10.49% | 5/6/2022 | 5/6/2027 | 1750 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Randys Holdings, Inc. | (6)(7)(9) | SF | 5.00% | 8.72% | 11/1/2022 | 11/1/2029 | 16534 | 16265 | 16534 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Randys Holdings, Inc. (Delayed Draw) | (19)(20) | SF | 5.00% | 8.72% | 11/1/2022 | 11/1/2029 | 5642 | 4594 | 4594 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Randys Holdings, Inc. (Revolver) | (19) | P | 4.00% | 11.00% | 11/1/2022 | 11/1/2029 | 2273 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FLEET Response, LLC (fka RS Acquisition, LLC) | (21) | SF | 6.10% | 9.97% PIK | 12/13/2021 | 12/14/2026 | 11577 | 11521 | 8671 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FLEET Response, LLC (fka RS Acquisition, LLC) | (21) | SF | 6.10% | 9.97% PIK | 12/13/2021 | 12/14/2026 | 10699 | 10699 | 8013 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FLEET Response, LLC (fka RS Acquisition, LLC) (Revolver) | (19)(21) | SF | 6.10% | 9.97% PIK | 12/13/2021 | 12/14/2026 | 1343 | 964 | 722 | 0.0% |
|  |  |  |  |  |  |  | 209596 | 185266 | 181747 | 6.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Wholesale** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IF & P Holdings Company, LLC | (6) | SF | 5.63% | 9.40% | 10/6/2022 | 10/3/2028 | 23151 | 22837 | 22649 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IF & P Holdings Company, LLC | (6) | SF | 6.00% | 9.77% | 5/25/2023 | 10/3/2028 | 6500 | 6370 | 6419 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IF & P Holdings Company, LLC |  | SF | 5.25% | 9.02% | 7/30/2024 | 10/3/2028 | 1095 | 1084 | 1061 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IF & P Holdings Company, LLC (Delayed Draw) | (19)(20) | SF | 5.63% | 9.40% | 7/30/2024 | 10/3/2028 | 959 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IF & P Holdings Company, LLC (Revolver) | (19) | SF | 5.63% | 9.40% | 10/6/2022 | 10/3/2028 | 5296 | 4281 | 4188 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palmdale Oil Company LLC | (8) | SF | 4.75% | 8.38% | 12/18/2025 | 12/12/2031 | 4348 | 4326 | 4326 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palmdale Oil Company LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.38% | 12/18/2025 | 12/12/2031 | 4348 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palmdale Oil Company LLC (Delayed Draw) | (19)(20) | SF | 4.75% | 8.38% | 12/18/2025 | 12/12/2031 | 1304 |  |  | 0.0% |
|  |  |  |  |  |  |  | 47001 | 38898 | 38643 | 1.3% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Non-Affiliate Senior Secured Loans** |  |  |  |  |  |  | **6245524** | **5047049** | **5027467** | **178.4%** |
| &nbsp;&nbsp;&nbsp;**Unitranche Secured Loans (13)** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Beverage, Food & Tobacco** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gargoyle Enterprises, Inc. (Revolver) | (26) | SF | 12.00% | 15.87% | 11/3/2023 | 11/3/2026 | 1000 | 1000 | 996 | 0.0% |
|  |  |  |  |  |  |  | 1000 | 1000 | 996 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Advertising, Printing & Publishing** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Engen, Inc. | (7)(8) | SF | 5.11% | 8.99% | 12/3/2021 | 12/3/2026 | 7048 | 7021 | 7048 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Engen, Inc. | (7)(8) | SF | 5.11% | 8.99% | 12/27/2021 | 12/3/2026 | 7772 | 7772 | 7772 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Engen, Inc. | (9) | SF | 5.11% | 8.99% | 9/17/2024 | 12/3/2026 | 2346 | 2327 | 2370 | 0.1% |
|  |  |  |  |  |  |  | 17166 | 17120 | 17190 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Business** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASG II, LLC | (6) | SF | 6.40% | 10.24% | 5/25/2022 | 5/25/2028 | 15000 | 14851 | 14981 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASG II, LLC |  | SF | 6.40% | 10.24% | 5/25/2022 | 5/25/2028 | 2250 | 2250 | 2247 | 0.1% |
|  |  |  |  |  |  |  | 17250 | 17101 | 17228 | 0.7% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Non-Affiliate Unitranche Secured Loans** |  |  |  |  |  |  | **35416** | **35221** | **35414** | **1.3%** |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;**Junior Secured Loans** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;API Holdings III Corp. |  | SF | 7.00% | 4.67% Cash/ 6.00% PIK | 11/3/2023 | 5/9/2027 | 1904 | $1902 | $1723 | 0.1% |
|  |  |  |  |  |  |  | 1904 | 1902 | 1723 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Automotive** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Brands Group, LLC | (21) | P | 6.00% | 12.75% PIK | 10/2/2025 | 6/29/2026 | 11749 | 10547 | 92 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Brands Group, LLC | (21) | SF | 7.00% | 10.68% PIK | 10/2/2025 | 6/29/2026 | 34751 | 28495 | 1408 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Brands Group, LLC | (21) | SF | 10.61% | 14.49% PIK | 12/11/2023 | 3/30/2028 | 14436 | 13903 | 189 | 0.0% |
|  |  |  |  |  |  |  | 60936 | 52945 | 1689 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Capital Equipment** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (12)(21)(22) | SF | 6.40% | 10.09% PIK | 3/31/2025 | 8/11/2027 | 1848 | 1823 | 1644 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (12)(21)(22) | n/a | n/a | 10.25% PIK | 10/30/2024 | 8/11/2027 | 5027 | 4962 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (12)(21)(22) | n/a | n/a | n/a | 3/31/2025 | 8/11/2027 | 86 | 83 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (21) | SF | 6.15% | 9.84% PIK | 3/31/2025 | 8/11/2027 | 1484 | 1473 | 1317 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (21) | n/a | n/a | 10.00% PIK | 10/30/2024 | 8/11/2027 | 4038 | 4013 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC | (21) | n/a | n/a | n/a | 3/31/2025 | 8/11/2027 | 68 | 69 |  | 0.0% |
|  |  |  |  |  |  |  | 12551 | 12423 | 2961 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivanti Software, Inc. | (34) | SF | 4.75% | 8.64% | 5/13/2025 | 6/1/2029 |  | 109 |  | 0.0% |
|  |  |  |  |  |  |  |  | 109 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Construction & Building** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601 Lafayette Mezz LLC (Delayed Draw) | (12)(19)(20) | SF | 9.50% | 13.23% | 7/17/2024 | 2/9/2028 | 20500 | 2532 | 2571 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601 Lafayette Mezz LLC | (12) | SF | 9.50% | 13.28% | 7/17/2024 | 2/9/2028 | 20500 | 20500 | 20813 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jesse Studio Mezz, LLC (Delayed Draw) | (12)(19)(20) | SF | 12.79% | 16.66% | 6/7/2024 | 6/7/2027 | 41930 | 38301 | 39383 | 1.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sundy Village West Mezz Borrower, LLC (Delayed Draw) | (12)(19)(20) | SF | 10.25% | 13.98% | 12/21/2023 | 1/15/2027 | 37349 | 33419 | 33990 | 1.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sundy Village West Mezz Borrower, LLC | (12) | SF | 11.50% | 15.28% PIK | 12/21/2023 | 1/15/2027 | 14625 | 14625 | 14877 | 0.5% |
|  |  |  |  |  |  |  | 134904 | 109377 | 111634 | 3.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Non-Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thrasio, LLC | (21) | SF | 10.11% | 13.84% PIK | 6/18/2024 | 6/18/2029 | 1763 | 1763 | 1477 | 0.1% |
|  |  |  |  |  |  |  | 1763 | 1763 | 1477 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Real Estate** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avison Young (USA) Inc. | (12)(21)(36) | SF | 8.26% | 5.49% Cash/ 6.50% PIK | 4/26/2019 | 3/12/2029 | 1892 | 1666 | 961 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avison Young (USA) Inc. | (12)(21)(36) | SF | 8.26% | 5.60% Cash/ 6.50% PIK | 4/26/2019 | 3/12/2029 | 647 | 573 | 155 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KT Naples UB LLC | (12) | SF | 12.00% | 17.00% | 4/8/2024 | 4/8/2026 | 12496 | 12496 | 12612 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maltese Diplomat Owner 100 LLC (Delayed Draw) | (12)(19)(20) | SF | 10.97% | 14.75% | 3/11/2025 | 4/9/2028 | 50000 | 49671 | 50120 | 1.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RC & CY New Orleans Sole Member, LLC | (12) | SF | 9.00% | 12.77% | 3/20/2025 | 4/10/2028 | 30000 | 29753 | 30003 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 10/28/2025 | 10/1/2026 | 928 | 928 | 928 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 3/18/2025 | 10/1/2026 | 1767 | 1767 | 1767 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 7/26/2024 | 10/1/2026 | 519 | 519 | 519 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 7/2/2021 | 10/1/2026 | 11465 | 11465 | 11465 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 5/16/2023 | 10/1/2026 | 1983 | 1983 | 1983 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 9/25/2023 | 10/1/2026 | 3559 | 3559 | 3559 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC | (12) | n/a | n/a | 13.25% PIK | 5/8/2024 | 10/1/2026 | 2440 | 2440 | 2440 | 0.1% |
|  |  |  |  |  |  |  | 117696 | 116820 | 116512 | 4.1% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**High Tech Industries** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman Opco LP | (21) | n/a | n/a | n/a | 3/16/2021 | 3/16/2027 | 988 | $968 | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman Opco LP | (21) | n/a | n/a | 9.00% PIK | 8/29/2023 | 1/2/2028 | 430 | 401 | 512 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman Opco LP | (21) | n/a | n/a | 9.00% PIK | 7/14/2023 | 1/2/2028 | 440 | 401 | 524 | 0.0% |
|  |  |  |  |  |  |  | 1858 | 1770 | 1036 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Broadcasting & Subscription** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21)(28) | n/a | n/a | n/a | 5/2/2019 | n/a | 477 | 477 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21)(28) | n/a | n/a | n/a | 5/2/2019 | n/a | 150 | 150 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21)(28) | n/a | n/a | n/a | 5/2/2019 | n/a | 57 | 57 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21)(28) | n/a | n/a | n/a | 11/4/2019 | n/a | 92 | 92 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21) | SF | 8.26% | 12.10% PIK | 7/31/2023 | 1/31/2028 | 503 | 503 | 38 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21) | SF | 8.26% | 12.10% PIK | 7/31/2023 | 1/31/2028 | 152 | 152 | 11 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21) | SF | 8.26% | 12.10% PIK | 9/8/2023 | 1/31/2028 | 265 | 265 | 20 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC | (21) | SF | 8.26% | 12.10% PIK | 7/31/2023 | 1/31/2028 | 396 | 396 |  | 0.0% |
|  |  |  |  |  |  |  | 2092 | 2092 | 69 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Diversified & Production** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research Now Group, Inc. and Survey Sampling International, LLC | (6) | SF | 5.76% | 9.64% | 7/15/2024 | 10/15/2028 | 3592 | 3616 | 2233 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Streamland Media MidCo LLC | (21) | SF | 5.76% | 9.45% | 6/30/2025 | 3/30/2029 | 917 | 909 | 887 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Streamland Media MidCo LLC | (21) | SF | 6.76% | 10.43% | 6/30/2025 | 3/30/2029 | 881 | 874 | 627 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Streamland Media MidCo LLC (Revolver) | (21) | SF | 5.76% | 9.43% | 4/11/2025 | 3/30/2029 | 132 | 132 | 128 | 0.0% |
|  |  |  |  |  |  |  | 5522 | 5531 | 3875 | 0.1% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Non-Affiliate Junior Secured Loans** |  |  |  |  |  |  | **339226** | **304732** | **240976** | **8.4%** |
| &nbsp;&nbsp;&nbsp;**Equity Investments (14)(15)(16)** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Transport Components Acquisition, LLC (608,696 Class A common units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 7/15/2025 |  |  | 609 | 727 | 0.0% |
|  |  |  |  |  |  |  |  | 609 | 727 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Automotive** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lifted Trucks Holdings, LLC (158,730 Class A shares) | (17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 8/2/2021 |  |  | 159 | 250 | 0.0% |
|  |  |  |  |  |  |  |  | 159 | 250 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Banking** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Receivables II, LLC (1,822 shares of common stock) | (12)(17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 7/29/2021 |  | **—** | 750 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Receivables II, LLC (warrant to purchase up to 1.0% of the equity) | (12)(17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 7/28/2021 | 7/28/2031 |  | 453 |  | 0.0% |
|  |  |  |  |  |  |  |  | 1203 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Beverage, Food & Tobacco** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caputo Cheese Interco Corp. (2,777,778 Class A units) |  | n/a | n/a | 8.00% PIK  | 6/30/2025 |  |  | 2778 | 2691 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sabrosura Foods, LLC et al (171,429 Class A interests) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 10/18/2019 |  |  | 171 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sabrosura Foods, LLC et al (7,022 Class AA units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 11/22/2022 |  |  | 10 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sabrosura Foods, LLC et al (8,322 Class AAA units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 3/17/2023 |  |  | 8 |  | 0.0% |
|  |  |  |  |  |  |  |  | 2967 | 2691 | 0.1% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Capital Equipment** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC (314,584 Class A preferred units) | (17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 8/11/2022 |  |  | $650 | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC (45,874 Series B units) | (17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 8/1/2023 |  |  | 46 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC (67,283 Series C preferred units) | (17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 12/20/2023 |  |  | 67 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adept AG Holdings, LLC (325 Series L units) | (17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 10/30/2024 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tavoron Buyer Corp. (2,417,450 units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 1/22/2025 |  |  | 2417 | 2460 | 0.1% |
|  |  |  |  |  |  |  |  | 3180 | 2460 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Construction & Building** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harlem Acquisition, LLC (6,095,244 Class A units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 11/7/2024 |  |  | 6095 | 7031 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MEI Buyer LLC (2,275 units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 6/29/2023 |  |  | 2276 | 6061 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mooring Primary, LLC (2,574 preferred units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 4/1/2025 |  |  | 2574 | 2522 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mooring Primary, LLC (2,576 common units) |  | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 4/1/2025 |  |  | 3 |  | 0.0% |
|  |  |  |  |  |  |  |  | 10948 | 15614 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Independence Buyer, Inc. (169 Class A units) |  |  |  |  | 8/3/2021 |  |  | 169 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Independence Buyer, Inc. (872 Class B units) |  |  |  |  | 9/5/2025 |  |  |  |  | 0.0% |
|  |  |  |  |  |  |  |  | 169 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Non-Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thrasio, LLC (2,162,506 units) |  |  |  |  | 6/18/2024 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thrasio, LLC (31,764 shares of common stock) |  |  |  |  | 6/18/2024 |  |  | 3191 |  | 0.0% |
|  |  |  |  |  |  |  |  | 3191 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Energy: Oil & Gas** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talos Energy Inc. (12,138 shares of common stock) | (6)(12)(29) |  |  |  | 3/4/2024 |  |  | 132 | 133 | 0.0% |
|  |  |  |  |  |  |  |  | 132 | 133 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Environmental Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quest Resource Management Group, LLC (warrant to purchase up to 0.2% of the equity) |  |  |  |  | 10/19/2020 | 3/17/2028 |  | 67 | 51 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quest Resource Management Group, LLC (warrant to purchase up to 0.1% of the equity) |  |  |  |  | 10/19/2021 | 3/17/2028 |  |  | 36 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StormTrap, LLC (640,000 Class A preferred units) | (17) | n/a | n/a | 8.00% PIK | 3/25/2022 |  |  | 640 | 640 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StormTrap, LLC (640,000 Class A common units) | (17) |  |  |  | 3/25/2022 |  |  |  | 589 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volt Bidco, Inc. (878 shares of common stock) |  |  |  |  | 8/11/2021 |  |  | 892 | 776 | 0.0% |
|  |  |  |  |  |  |  |  | 1599 | 2092 | 0.0% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Finance** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bench Walk Lead, LLC (commitment to purchase up to 3.2% of the equity) | (12)(17) |  |  |  | 6/12/2023 |  |  | $1600 | $1513 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J2 BWA Funding LLC (0.3% profit sharing) | (12)(17) |  |  |  | 12/24/2020 |  |  |  | 56 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J2 BWA Funding III, LLC (commitment to purchase up to 3.8% of the equity) | (12)(17)(30) |  |  |  | 4/29/2022 |  |  | 575 | 811 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax Protection BuyCo, LLC (1,159 common units) | (17) |  |  |  | 4/1/2025 |  |  | 1159 | 1169 | 0.0% |
|  |  |  |  |  |  |  |  | 3334 | 3549 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Real Estate** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avison Young (USA) Inc. (2,036,442 Class A preferred shares) | (12)(21)(36) | n/a | n/a | 12.50% PIK  | 9/1/2022 |  |  | 2037 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avison Young (USA) Inc. (1,521 Class F common shares) | (12)(36) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 9/1/2022 |  |  | 1234 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InsideRE, LLC (284,853 Class A common units) | (17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 9/9/2019 |  |  | 420 | 327 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lessen LLC (128,737 preferred units) |  |  |  |  | 1/5/2023 |  |  | 1667 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential Homes for Rent LLC (736,539 Series A preferred units) | (12)(17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 3/5/2024 |  |  | 3183 | 2751 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential Homes for Rent LLC (warrant to purchase up to 1.6% of the equity) | (12)(17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 3/5/2024 | 3/5/2034 |  |  | 920 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Witkoff/Monroe 700 JV LLC (2,992 preferred units) | (12)(17) | &nbsp;&nbsp;&nbsp;&nbsp;— |  |  | 7/2/2021 |  |  | 3 | 6421 | 0.2% |
|  |  |  |  |  |  |  |  | 8544 | 10419 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Healthcare & Pharmaceuticals** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ascent Midco, LLC (725,806 Class A units) | (17) | n/a | n/a | 8.00% PIK | 2/5/2020 |  |  | 726 | 608 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bluesight, Inc. (528 Class A preferred units) |  | n/a | n/a | 9.00% PIK | 7/17/2023 |  |  | 528 | 528 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bluesight, Inc. (282,635 Class B common units) |  |  |  |  | 7/17/2023 |  |  |  | 227 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caravel Autism Health, LLC (3,781 Class A units) | (17) | n/a | n/a | 8.00% PIK  | 6/11/2024 |  |  | 3782 | 3213 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caravel Autism Health, LLC (4,011 Class B units) | (17) |  |  |  | 6/11/2024 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dorado Acquisition, Inc. (531,783 Class A-1 units) |  |  |  |  | 6/30/2021 |  |  | 578 | 586 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dorado Acquisition, Inc. (531,783 Class A-2 units) |  |  |  |  | 6/30/2021 |  |  |  | 133 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evolve Biologics Inc. (warrant to purchase up to 1.5% of the equity) | (12) |  |  |  | 12/20/2022 | 12/20/2032 |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evolve Biologics Inc. (warrant to purchase up to 1.2% of the equity) | (6)(12) |  |  |  | 1/18/2024 | 1/18/2034 |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forest Buyer, LLC (906 Class A units) | (17) | n/a | n/a | 8.00% PIK  | 3/15/2024 |  |  | 387 | 411 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forest Buyer, LLC (906 Class B units) | (17) |  |  |  | 3/15/2024 |  |  |  | 1100 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GBP CSTA Buyer LLC (1,454,566 Class A units) | (17) |  |  |  | 11/18/2025 |  |  | 1455 | 1455 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KL Moon Acquisition, LLC (0.3% of the equity) |  |  |  |  | 1/31/2023 |  |  | 1082 | 272 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NationsBenefits, LLC (369,827 Series B units) | (17) | n/a | n/a | 5.00% PIK | 8/20/2021 |  |  | 2498 | 5333 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NationsBenefits, LLC (326,667 common units) | (17) |  |  |  | 8/20/2021 |  |  | 468 | 2665 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NBPT Acquisition LLC (4,421 preferred units) | (45) |  |  |  | 3/3/2025 |  |  | 4421 | 4582 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NQ PE Project Colosseum Midco Inc. (1,364,614 common units) |  |  |  |  | 10/4/2022 |  |  | 1433 | 142 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seran BioScience, LLC (27,565 common units) |  |  |  |  | 7/30/2024 |  |  | 267 | 433 | 0.0% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vero Biotech Inc. (warrant to purchase up to 2.3% of the equity) |  |  |  |  | 12/29/2023 | 12/29/2033 |  | $— | $102 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xpress Wellness, LLC (18,310 Series A units) |  |  |  |  | 5/8/2024 |  |  | 18310 | 14312 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xpress Wellness, LLC (816 Series C units) |  |  |  |  | 10/14/2025 |  |  | 694 | 1040 | 0.0% |
|  |  |  |  |  |  |  |  | 36629 | 37142 | 1.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**High Tech Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman Opco LP (157,895 Class A common units) |  |  |  |  | 3/16/2021 |  |  | 10982 | 1960 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman Opco LP (294,118 Class B common units) |  |  |  |  | 1/2/2024 |  |  |  | 3651 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman GP LLC (157,895 Class A common units) |  |  |  |  | 1/2/2024 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcserve Cayman GP LLC (294,118 Class B common units) |  |  |  |  | 1/2/2024 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catalyst Data Holdings, Inc. (4,177 common units) | (33) |  |  |  | 12/13/2024 |  |  | 4177 | 4453 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloud for Good, LLC (5,000,000 common units) |  |  |  |  | 3/21/2025 |  |  | 5000 | 5100 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Douglas Holdings, Inc. (573,847 Class A common units) |  |  |  |  | 8/27/2024 |  |  | 574 | 614 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Drawbridge Partners, LLC (652,174 Class A-1 units) |  |  |  |  | 9/1/2022 |  |  | 652 | 857 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jobnimbus Holdings, LLC (214,092 common units) |  |  |  |  | 11/6/2024 |  |  | 791 | 852 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Optomi, LLC (278 Class A units)  | (17) |  |  |  | 12/16/2021 |  |  | 278 | 615 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recorded Future, Inc. (40,243 Class A units)  |  |  |  |  | 7/3/2019 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reorganized Mobileum AcquisitionCo, LLC (42,031 shares of common stock) |  |  |  |  | 9/12/2024 |  |  | 1877 | 567 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sparq Holdings, Inc. (600,000 common units) |  |  |  |  | 6/15/2023 |  |  | 600 | 69 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sparq Holdings, Inc. (83,720 Series A preferred units) |  |  |  |  | 9/19/2025 |  |  | 84 | 167 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unanet, Inc. (1,621,053 shares of common stock) |  |  |  |  | 12/5/2022 |  |  | 1624 | 2918 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Velociti, LLC (6,075,951 units) | (17) |  |  |  | 1/13/2025 |  |  | 6076 | 6137 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZI Intermediate II, Inc. (3,790 shares of common stock) |  |  |  |  | 5/13/2024 |  |  | 1849 | 4088 | 0.1% |
|  |  |  |  |  |  |  |  | 34564 | 32048 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Hotels, Gaming & Leisure** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equine Network, LLC (92 Class A units) | (17) |  |  |  | 12/31/2020 |  |  | 95 | 122 | 0.0% |
|  |  |  |  |  |  |  |  | 95 | 122 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Advertising, Printing & Publishing** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95 Percent Buyer, LLC (385,027 Class A units) | (17) | n/a | n/a | 8.00% PIK | 11/24/2021 |  |  | 385 | 806 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calienger Holdings, L.L.C. (568,181 Class A units) | (17) |  |  |  | 10/21/2022 |  |  | 568 | 568 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gas Media Holdings, LLC (4,790 shares of common stock) |  |  |  |  | 4/17/2025 |  |  | 4790 | 4194 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Engen, Inc. (417 preferred units) |  | n/a | n/a | 8.00% PIK | 12/27/2021 |  |  | 417 | 417 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Engen, Inc. (5,067 Class B common units) |  |  |  |  | 12/27/2021 |  |  | 5 | 182 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Really Great Reading Company, Inc. (369 Series A units) |  |  |  |  | 12/9/2022 |  |  | 369 | 64 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevant Industrial, LLC (4,877,048 units) |  |  |  |  | 5/16/2025 |  |  | 4877 | 4689 | 0.2% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC (96 preferred units) |  | n/a | n/a | 12.00% PIK | 11/20/2020 |  |  | $96 | $96 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC (96 Class B common units) |  |  |  |  | 11/20/2020 |  |  |  | 43 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC (14 Class X common units) |  |  |  |  | 11/14/2024 |  |  |  | 6 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relevate Health Group, LLC (14 Class X preferred units) |  | n/a | n/a | 12.00% PIK | 11/14/2024 |  |  | 14 | 14 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SHOOK Research, LLC (1,483,871 Class A units) | (17) |  |  |  | 7/31/2025 |  |  | 1484 | 1539 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spherix Global Inc. (52 Class A-2 units) |  |  |  |  | 6/10/2024 |  |  | 52 | 71 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spherix Global Inc. (333 Class A units) |  |  |  |  | 12/22/2021 |  |  | 333 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XanEdu Publishing, Inc. (65,104 Class A units) |  | n/a | n/a | 8.00% PIK | 1/28/2020 |  |  | 65 | 127 | 0.0% |
|  |  |  |  |  |  |  |  | 13455 | 12816 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Broadcasting & Subscription** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Acquisition Holdco, LLC (1,110,000 Class A units) |  |  |  |  | 7/31/2023 |  |  | 1110 |  | 0.0% |
|  |  |  |  |  |  |  |  | 1110 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media: Diversified & Production** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chess.com, LLC (5 Class A units)  | (17) |  |  |  | 12/31/2021 |  |  | 189 | 154 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research Now Group, Inc. and Survey Sampling International, LLC (50,029 shares of common stock) | (6) |  |  |  | 7/15/2024 |  |  | 1525 | 263 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Streamland Media MidCo LLC (8,812 shares of common stock) |  |  |  |  | 3/31/2025 |  |  | 1205 |  | 0.0% |
|  |  |  |  |  |  |  |  | 2919 | 417 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Business** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A360, Inc. (838 common units) |  | n/a | n/a | 13.00% PIK | 12/19/2024 |  |  | 887 | 900 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cosmos Bidco, Inc. (2,250,000 Class A Membership Interest) |  |  |  |  | 9/15/2023 |  |  | 1999 | 2554 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. (18,328 Class C preferred shares) | (12)(36) |  |  |  | 5/12/2025 |  |  | 32 | 51 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ecMarket Inc. and Conexiom US Inc. (96,603 Class B preferred shares) | (12)(36) |  |  |  | 9/21/2021 |  |  | 723 | 217 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edustaff, LLC (591 shares of common stock) | (17) |  |  |  | 12/8/2022 |  |  | 591 | 1099 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JDX Studio, LLC (799,232 Class A preferred units) | (17) | n/a | n/a | 10.00% PIK  | 11/14/2024 |  |  | 799 | 799 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northeast Contracting Company, LLC (6,191,218 Class A-2 units) | (17) |  |  |  | 8/16/2024 |  |  | 6191 | 6293 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Onix Networking Corp. (2,000,000 shares of common stock) |  |  |  |  | 10/2/2023 |  |  | 2000 | 2110 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parkhub, Inc. (1,178,344 Series A preferred units) |  | n/a | n/a | 8.00% PIK  | 4/9/2024 |  |  | 1683 | 1761 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rampart Exterior Services Buyer, Inc. (3,295 Series A-2 preferred units) |  | n/a | n/a | 10.00% PIK  | 8/6/2024 |  |  | 3295 | 4154 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecotrak, LLC (fka Respida Software Equity CI LP) (15,400,820 Series B Preferred Units) | (17) |  |  |  | 4/9/2024 |  |  | 15251 | 16171 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SingleStore, Inc. ($9,359 equity commitment) |  |  |  |  | 10/14/2025 |  | 9359 | 9359 | 9359 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Skillsoft Corp. (1,308 Class A shares) | (6)(12)(29) |  |  |  | 6/11/2021 |  |  | 508 | 12 | 0.0% |
|  |  |  |  |  |  |  |  | 43318 | 45480 | 1.5% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Consumer** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC (34,944 Class A common units) | (17) |  |  |  | 11/15/2023 |  |  | $— | $— | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC (35 Class A preferred units) | (17) | n/a | n/a | 8.00% PIK | 11/15/2023 |  |  | 35 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC (164,381 Class B common units) | (17) |  |  |  | 11/15/2023 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC (164 Class B preferred units) | (17) |  |  |  | 11/15/2023 |  |  | 169 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Express Wash Acquisition Company, LLC (41 Class A-1 preferred units) | (17) |  |  |  | 4/10/2025 |  |  | 41 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDIG Parent, LLC (192,908 shares of common stock) | (17) |  |  |  | 1/4/2021 |  |  | 198 | 164 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDIG Parent, LLC (20,049 Class X units) | (17) |  |  |  | 6/23/2025 |  |  | 20 | 36 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Innovative Artists Entertainment, LLC ($2,445 of $3,536 equity commitment funded) | (17)(43) |  |  |  | 3/21/2025 |  |  | 2445 | 2109 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Light Wave Dental Management, LLC (314,621 Class A units) | (17) |  |  |  | 6/30/2023 |  |  | 3146 | 2984 | 0.1% |
|  |  |  |  |  |  |  |  | 6054 | 5293 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Telecommunications** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Broadband and Telecommunications Company LLC (warrant to purchase up to 0.4% of the equity) |  |  |  |  | 6/10/2022 | 6/10/2032 |  | 84 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AppLogic Networks OpCo I LLC (fka Sandvine Corporation) (28,198 common units) | (6) |  |  |  | 3/3/2025 |  |  | 893 | 88 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AppLogic Networks OpCo I LLC (fka Sandvine Corporation) (23,212 Class A units) | (6) |  |  |  | 6/28/2024 |  |  |  |  | 0.0% |
|  |  |  |  |  |  |  |  | 977 | 88 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Transportation: Cargo** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FLEET Response, LLC (fka RS Acquisition, LLC) (838,077 common units) | (17) |  |  |  | 1/12/2022 |  |  | 1439 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FLEET Response, LLC (fka RS Acquisition, LLC) (46,462 Series A preferred units) | (17)(21) | n/a | n/a | 10.00% PIK  | 12/30/2024 |  |  | 46 |  | 0.0% |
|  |  |  |  |  |  |  |  | 1485 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Utilities: Electric** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Central Moloney, LLC (6,029 Class A preferred units) |  | n/a | n/a | 10.00% PIK | 10/20/2023 |  |  | 3508 | 3507 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Central Moloney, LLC (6,029 Class B common units) |  |  |  |  | 10/20/2023 |  |  | 996 | 32227 | 1.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Central Moloney, LLC (63 Class G units) |  |  |  |  | 4/4/2024 |  |  |  | 296 | 0.0% |
|  |  |  |  |  |  |  |  | 4504 | 36030 | 1.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Wholesale** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IF & P Holdings Company, LLC (1,566 Class A preferred units) |  |  |  |  | 10/3/2022 |  |  | 1566 | 357 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IF & P Holdings Company, LLC (1,566 Class B common units) |  |  |  |  | 10/3/2022 |  |  | 11 |  | 0.0% |
|  |  |  |  |  |  |  |  | 1577 | 357 | 0.0% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Non-Affiliate Equity Investments** |  |  |  |  |  |  |  | **182722** | **207728** | **6.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Non-Controlled/Non-Affiliate Company Investments** |  |  |  |  |  |  |  | $**5569724** | $**5511585** | **194.7%** |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| **Non-Controlled Affiliate Company Investments (18)** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;**Senior Secured Loans** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;**Automotive** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTR Opco LLC (Delayed Draw) | (19)(20)(21) | SF | 8.76% | 12.45% PIK | 6/21/2024 | 12/31/2027 | 1463 | $1235 | $1478 | 0.1% |
|  |  |  |  |  |  |  | 1463 | 1235 | 1478 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engineered Metal Solutions, Inc. |  | SF | 5.50% | 9.37% | 9/22/2025 | 9/22/2030 | 6850 | 6719 | 6850 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engineered Metal Solutions, Inc. (Revolver) | (19) | SF | 5.50% | 9.37% | 9/22/2025 | 9/22/2030 | 1737 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jumpstart Holdco, Inc. (Revolver) | (21) | SF | 5.60% | 9.33% PIK | 7/16/2025 | 4/19/2028 | 728 | 729 | 748 | 0.0% |
|  |  |  |  |  |  |  | 9315 | 7448 | 7598 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Environmental Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baystate Sewage Disposal, LLC | (8) | SF | 6.00% | 9.87% | 6/30/2025 | 12/31/2030 | 4389 | 4306 | 4389 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baystate Sewage Disposal, LLC (Delayed Draw) | (19)(20) | SF | 6.00% | 9.87% | 6/30/2025 | 12/31/2030 | 1264 | 126 | 126 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baystate Sewage Disposal, LLC (Revolver) | (19) | SF | 6.00% | 9.87% | 6/30/2025 | 12/31/2030 | 1011 |  |  | 0.0% |
|  |  |  |  |  |  |  | 6664 | 4432 | 4515 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Healthcare & Pharmaceuticals** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Professional Education, LLC | (11) | SF | 6.36% | 10.24% | 4/25/2024 | 4/25/2029 | 10146 | 9994 | 9994 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Professional Education, LLC |  | SF | 6.36% | 10.24% | 7/17/2025 | 4/25/2029 | 4019 | 3946 | 3960 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Professional Education, LLC (Delayed Draw) | (19)(20) | SF | 6.36% | 10.24% | 7/17/2025 | 4/25/2029 | 7357 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Professional Education, LLC (Revolver) | (19) | SF | 6.36% | 10.24% | 4/25/2024 | 4/25/2029 | 1471 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whistler Parent Holdings III, Inc. |  | SF | 6.85% | 10.75% PIK | 5/28/2024 | 6/2/2028 | 3197 | 3197 | 3197 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whistler Parent Holdings III, Inc. (Revolver) | (19) | SF | 6.85% | 10.75% PIK | 10/25/2024 | 6/2/2028 | 4150 | 3487 | 3487 | 0.1% |
|  |  |  |  |  |  |  | 30340 | 20624 | 20638 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;**High Tech Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearlyRated Capital, LLC |  | SF | 6.50% | 10.37% | 4/21/2025 | 4/21/2030 | 1428 | 1402 | 1427 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearlyRated Capital, LLC (Delayed Draw) | (19)(20) | SF | 6.50% | 10.37% | 4/21/2025 | 4/21/2030 | 1077 |  |  | 0.0% |
|  |  |  |  |  |  |  | 2505 | 1402 | 1427 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Business** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nastel Technologies, LLC | (7) | SF | 6.11% | 9.99% | 9/21/2022 | 9/21/2027 | 3500 | 3463 | 3496 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nastel Technologies, LLC (Revolver) | (19) | SF | 6.11% | 9.99% | 9/21/2022 | 9/21/2027 | 368 |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zodega Landscaping, LLC |  | SF | 7.86% | 11.74% | 10/6/2023 | 10/6/2028 | 12250 | 11917 | 12281 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zodega Landscaping, LLC (Revolver) | (19) | SF | 7.86% | 11.74% | 10/6/2023 | 10/6/2028 | 1984 | 992 | 992 | 0.0% |
|  |  |  |  |  |  |  | 18102 | 16372 | 16769 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Consumer** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YBR OZ ECE, LLC | (8) | SF | 5.86% | 9.74% | 1/23/2025 | 1/23/2030 | 1990 | 1957 | 1994 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YBR OZ ECE, LLC (Delayed Draw) | (19)(20) | SF | 5.86% | 9.74% | 1/23/2025 | 1/23/2030 | 2499 | 899 | 901 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YBR OZ ECE, LLC (Revolver) | (19) | SF | 5.86% | 9.74% | 1/23/2025 | 1/23/2030 | 375 |  |  | 0.0% |
|  |  |  |  |  |  |  | 4864 | 2856 | 2895 | 0.1% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Transportation: Cargo** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SheerTrans Solutions, LLC |  | SF | 8.11% | 11.84% PIK | 7/29/2022 | 7/29/2028 | 5687 | $5647 | $5687 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SheerTrans Solutions, LLC |  | SF | 8.11% | 11.84% PIK | 2/15/2024 | 7/29/2028 | 1624 | 1603 | 1624 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SheerTrans Solutions, LLC (Revolver) | (19) | SF | 8.11% | 11.84% PIK | 7/29/2022 | 7/29/2028 | 1503 | 763 | 763 | 0.0% |
|  |  |  |  |  |  |  | 8814 | 8013 | 8074 | 0.3% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Affiliate Senior Secured Loans** |  |  |  |  |  |  | **82067** | **62382** | **63394** | **2.2%** |
| &nbsp;&nbsp;&nbsp;**Junior Secured Loans** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Automotive** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTR Opco LLC | (21) | n/a | n/a | 7.50% PIK | 6/21/2024 | 12/31/2027 | 1829 | 1692 | 395 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTR Opco LLC | (21) | n/a | n/a | 5.00% PIK | 6/21/2024 | 12/31/2027 | 9423 | 8716 |  | 0.0% |
|  |  |  |  |  |  |  | 11252 | 10408 | 395 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jumpstart Holdco, Inc. (Delayed Draw) | (19)(20)(21) | SF | 2.10% | 5.83% | 12/23/2025 | 6/30/2029 | 8225 | 2574 | 4431 | 0.2% |
|  |  |  |  |  |  |  | 8225 | 2574 | 4431 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Real Estate** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFR Holdco, LLC | (12) | n/a | n/a | 8.00% | 8/6/2021 | 8/11/2028 | 5850 | 5850 | 5875 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFR Holdco, LLC | (12) | n/a | n/a | 8.00% | 3/1/2022 | 8/11/2028 | 4387 | 4387 | 4839 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFR Holdco 2, LLC | (12) | n/a | n/a | 8.00% | 10/24/2024 | 10/23/2029 | 5119 | 5119 | 4937 | 0.2% |
|  |  |  |  |  |  |  | 15356 | 15356 | 15651 | 0.6% |
| &nbsp;&nbsp;&nbsp;**Healthcare & Pharmaceuticals** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whistler Parent Holdings III, Inc. |  | SF | 6.85% | 10.75% PIK | 10/25/2024 | 6/2/2028 | 28573 | 28358 | 15572 | 0.6% |
|  |  |  |  |  |  |  | 28573 | 28358 | 15572 | 0.6% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Affiliate Junior Secured Loans** |  |  |  |  |  |  | **63406** | **56696** | **36049** | **1.4%** |
| &nbsp;&nbsp;&nbsp;**Equity Investments (15)(16)(18)** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MC Aviation Limited (commitment to purchase up to 40.0% of the equity) |  |  |  |  | 9/4/2025 |  |  | 22809 | 23603 | 0.8% |
|  |  |  |  |  |  |  |  | 22809 | 23603 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Automotive** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTR Opco LLC (622 Class A common units) |  |  |  |  | 6/21/2024 |  |  | 639 |  | 0.0% |
|  |  |  |  |  |  |  |  | 639 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Goods: Durable** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engineered Metal Solutions, Inc. (7,413 Class A units) |  |  |  |  | 9/22/2025 |  |  | 7413 | 7633 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jumpstart Holdco, Inc. (188,000 Class A common units) |  |  |  |  | 12/23/2025 |  |  | 23636 |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jumpstart Holdco, Inc. (1,566,667 Class A units) |  |  |  |  | 4/19/2022 |  |  | 1567 |  | 0.0% |
|  |  |  |  |  |  |  |  | 32616 | 7633 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Environmental Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baystate Sewage Disposal, LLC (8,841,724 Class A-1 preferred units) |  | n/a | n/a | 8.00% PIK  | 6/30/2025 |  |  | 8842 | 8926 | 0.3% |
|  |  |  |  |  |  |  |  | 8842 | 8926 | 0.3% |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company (1)** | **Footnotes** | **Index (2)** | **Spread (2)** | **Interest Rate** | **Acquisition<br>Date (3)** | **Maturity** | **Principal** | **Amortized<br>Cost** | **Fair Value (4)** | **% of Net** <br>**Assets (5)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Finance** | | | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MC Voyager SPV II LLC ($20,522 of $45,000 equity commitment funded) | (12)(44) |  |  |  | 3/28/2025 |  |  | $20522 | $20522 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NFS Intermediate HoldCo, LLC (53,255 Series B preferred units) | (12)(17) |  |  |  | 5/1/2025 |  |  | 53255 | 60650 | 2.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Triad Financial Services, Inc. ($6,902 of $41,855 equity commitment funded) | (12)(31) |  |  |  | 6/13/2024 |  |  | 6902 | 6902 | 0.3% |
|  |  |  |  |  |  |  |  | 80679 | 88074 | 3.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**FIRE: Real Estate** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFR Holdco, LLC (13.9% of equity commitments) | (12) |  |  |  | 8/6/2021 |  |  | 3900 | 4954 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFR Holdco, LLC (10.5% of equity commitments) | (12) |  |  |  | 3/1/2022 |  |  | 2925 | 3715 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFR Holdco 2, LLC (24.4% of equity commitments) | (12) |  |  |  | 10/24/2024 |  |  | 3412 | 3464 | 0.1% |
|  |  |  |  |  |  |  |  | 10237 | 12133 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Healthcare & Pharmaceuticals** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Professional Education, LLC (19,762 Class A units) | (17) |  |  |  | 4/25/2024 |  |  | 19761 | 18138 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whistler Parent Holdings III, Inc. (518,970 Series A preferred stock) |  |  |  |  | 10/25/2024 |  |  |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whistler Parent Holdings III, Inc. (116,083 Series B preferred stock) |  |  |  |  | 10/25/2024 |  |  |  |  | 0.0% |
|  |  |  |  |  |  |  |  | 19761 | 18138 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;**High Tech Industries** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearlyRated Capital, LLC (7,093,224 Class A units) | (17) |  |  |  | 6/1/2023 |  |  | 7093 | 7626 | 0.3% |
|  |  |  |  |  |  |  |  | 7093 | 7626 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Business** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nastel Technologies, LLC (3,408 Class A units) | (17) |  |  |  | 9/21/2022 |  |  | 3408 | 5504 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zodega Landscaping, LLC (146,757 preferred interests) | (32) |  |  |  | 10/6/2023 |  |  | 14676 | 18148 | 0.6% |
|  |  |  |  |  |  |  |  | 18084 | 23652 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Services: Consumer** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YBR OZ ECE, LLC (6,875 Class A units) |  |  |  |  | 1/23/2025 |  |  | 6875 | 6875 | 0.2% |
|  |  |  |  |  |  |  |  | 6875 | 6875 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Transportation: Cargo** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SheerTrans Solutions, LLC (3,042,264 Class A preferred interests) | (17) |  |  |  | 2/15/2024 |  |  | 3042 | 4747 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SheerTrans Solutions, LLC (4,692,038 Class B preferred interests) | (17) |  |  |  | 7/11/2025 |  |  | 4692 | 7320 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SheerTrans Solutions, LLC (9,191,624 preferred interests) | (17) |  |  |  | 7/29/2022 |  |  | 9192 |  | 0.0% |
|  |  |  |  |  |  |  |  | 16926 | 12067 | 0.5% |
| &nbsp;&nbsp;&nbsp;**Total Non-Controlled/Affiliate Equity Investments** |  |  |  |  |  |  |  | **224561** | **208727** | **7.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Non-Controlled/Affiliate Company Investments** |  |  |  |  |  |  |  | $**343639** | $**308170** | **10.9%** |
| **TOTAL INVESTMENTS** |  |  |  |  |  |  |  | $**5913363** | $**5819755** | **205.6%** |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

**Derivative Instruments**

***Foreign currency forward contracts***

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Notional Amount <br>to be Purchased** | **Notional Amount <br>to be Sold** | **Notional Amount <br>to be Sold** | **Counterparty** | **Settlement <br>Date** | **Unrealized Gain<br>(Loss)** |
| Foreign currency forward contract | $209 | AUD | 324 | Bannockburn Global Forex, LLC | 3/12/2026 | $(7) |
| Foreign currency forward contract | $220 | AUD | 335 | Bannockburn Global Forex, LLC | 4/2/2026 | (4) |
| Foreign currency forward contract | $210 | AUD | 324 | Bannockburn Global Forex, LLC | 6/11/2026 | (7) |
| Foreign currency forward contract | $190 | AUD | 291 | Bannockburn Global Forex, LLC | 7/3/2026 | (5) |
| Foreign currency forward contract | $212 | AUD | 328 | Bannockburn Global Forex, LLC | 9/11/2026 | (7) |
| Foreign currency forward contract | $183 | AUD | 283 | Bannockburn Global Forex, LLC | 10/2/2026 | (5) |
| Foreign currency forward contract | $210 | AUD | 324 | Bannockburn Global Forex, LLC | 12/11/2026 | (6) |
| Foreign currency forward contract | $176 | AUD | 273 | Bannockburn Global Forex, LLC | 1/5/2027 | (6) |
| Foreign currency forward contract | $208 | AUD | 321 | Bannockburn Global Forex, LLC | 3/11/2027 | (6) |
| Foreign currency forward contract | $168 | AUD | 262 | Bannockburn Global Forex, LLC | 4/5/2027 | (7) |
| Foreign currency forward contract | $212 | AUD | 328 | Bannockburn Global Forex, LLC | 6/11/2027 | (6) |
| Foreign currency forward contract | $167 | AUD | 263 | Bannockburn Global Forex, LLC | 7/2/2027 | (8) |
| Foreign currency forward contract | $213 | AUD | 328 | Bannockburn Global Forex, LLC | 9/13/2027 | (6) |
| Foreign currency forward contract | $168 | AUD | 266 | Bannockburn Global Forex, LLC | 10/5/2027 | (9) |
| Foreign currency forward contract | $210 | AUD | 324 | Bannockburn Global Forex, LLC | 12/13/2027 | (6) |
| Foreign currency forward contract | $167 | AUD | 266 | Bannockburn Global Forex, LLC | 1/5/2028 | (11) |
| Foreign currency forward contract | $210 | AUD | 324 | Bannockburn Global Forex, LLC | 3/13/2028 | (6) |
| Foreign currency forward contract | $167 | AUD | 268 | Bannockburn Global Forex, LLC | 4/5/2028 | (11) |
| Foreign currency forward contract | $212 | AUD | 328 | Bannockburn Global Forex, LLC | 6/13/2028 | (6) |
| Foreign currency forward contract | $19945 | AUD | 32268 | Bannockburn Global Forex, LLC | 7/5/2028 | (1588) |
| Foreign currency forward contract | $87 | CAD | 125 | Bannockburn Global Forex, LLC | 1/5/2026 | (5) |
| Foreign currency forward contract | $214 | CAD | 296 | Bannockburn Global Forex, LLC | 3/4/2026 |  |
| Foreign currency forward contract | $155 | CAD | 219 | Bannockburn Global Forex, LLC | 4/6/2026 | (5) |
| Foreign currency forward contract | $217 | CAD | 298 | Bannockburn Global Forex, LLC | 7/3/2026 |  |
| Foreign currency forward contract | $96 | CAD | 139 | Bannockburn Global Forex, LLC | 7/6/2026 | (5) |
| Foreign currency forward contract | $317 | CAD | 443 | Bannockburn Global Forex, LLC | 10/5/2026 | (6) |
| Foreign currency forward contract | $346 | CAD | 484 | Bannockburn Global Forex, LLC | 1/5/2027 | (6) |
| Foreign currency forward contract | $339 | CAD | 474 | Bannockburn Global Forex, LLC | 4/5/2027 | (7) |
| Foreign currency forward contract | $344 | CAD | 481 | Bannockburn Global Forex, LLC | 7/6/2027 | (7) |
| Foreign currency forward contract | $8831 | CAD | 12777 | Bannockburn Global Forex, LLC | 8/16/2027 | (479) |
| Foreign currency forward contract | $252 | CAD | 348 | Bannockburn Global Forex, LLC | 10/5/2027 | (2) |
| Foreign currency forward contract | $253 | CAD | 351 | Bannockburn Global Forex, LLC | 1/4/2028 | (3) |
| Foreign currency forward contract | $250 | CAD | 348 | Bannockburn Global Forex, LLC | 4/4/2028 | (3) |
| Foreign currency forward contract | $250 | CAD | 347 | Bannockburn Global Forex, LLC | 7/5/2028 | (3) |
| Foreign currency forward contract | $252 | CAD | 351 | Bannockburn Global Forex, LLC | 10/3/2028 | (4) |
| Foreign currency forward contract | $11206 | CAD | 15629 | Bannockburn Global Forex, LLC | 1/3/2029 | (182) |
| Foreign currency forward contract | $379 | EUR | 360 | Bannockburn Global Forex, LLC | 1/6/2026 | (44) |
| Foreign currency forward contract | $51 | EUR | 43 | Bannockburn Global Forex, LLC | 2/10/2026 | (1) |
| Foreign currency forward contract | $370 | EUR | 351 | Bannockburn Global Forex, LLC | 4/6/2026 | (43) |
| Foreign currency forward contract | $49 | EUR | 43 | Bannockburn Global Forex, LLC | 5/8/2026 | (1) |
| Foreign currency forward contract | $373 | EUR | 354 | Bannockburn Global Forex, LLC | 7/6/2026 | (43) |
| Foreign currency forward contract | $51 | EUR | 44 | Bannockburn Global Forex, LLC | 8/10/2026 | (1) |
| Foreign currency forward contract | $376 | EUR | 356 | Bannockburn Global Forex, LLC | 10/6/2026 | (43) |
| Foreign currency forward contract | $51 | EUR | 44 | Bannockburn Global Forex, LLC | 11/10/2026 | (1) |
| Foreign currency forward contract | $374 | EUR | 354 | Bannockburn Global Forex, LLC | 1/6/2027 | (42) |
| Foreign currency forward contract | $58 | EUR | 50 | Bannockburn Global Forex, LLC | 2/10/2027 | (1) |
| Foreign currency forward contract | $363 | EUR | 343 | Bannockburn Global Forex, LLC | 4/6/2027 | (41) |
| Foreign currency forward contract | $56 | EUR | 49 | Bannockburn Global Forex, LLC | 5/10/2027 | (1) |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Notional Amount <br>to be Purchased** | **Notional Amount <br>to be Sold** | **Notional Amount <br>to be Sold** | **Counterparty** | **Settlement <br>Date** | **Unrealized Gain<br>(Loss)** |
| Foreign currency forward contract | $365 | EUR | 345 | Bannockburn Global Forex, LLC | 7/6/2027 | $(40) |
| Foreign currency forward contract | $58 | EUR | 50 | Bannockburn Global Forex, LLC | 8/10/2027 | (1) |
| Foreign currency forward contract | $367 | EUR | 347 | Bannockburn Global Forex, LLC | 10/6/2027 | (40) |
| Foreign currency forward contract | $59 | EUR | 51 | Bannockburn Global Forex, LLC | 11/10/2027 | (1) |
| Foreign currency forward contract | $380 | EUR | 359 | Bannockburn Global Forex, LLC | 1/6/2028 | (41) |
| Foreign currency forward contract | $60 | EUR | 52 | Bannockburn Global Forex, LLC | 2/10/2028 | (1) |
| Foreign currency forward contract | $57 | EUR | 49 | Bannockburn Global Forex, LLC | 5/10/2028 | (1) |
| Foreign currency forward contract | $2906 | EUR | 2501 | Bannockburn Global Forex, LLC | 8/10/2028 | (31) |
| Foreign currency forward contract | $129 | GBP | 97 | Bannockburn Global Forex, LLC | 1/5/2026 | (2) |
| Foreign currency forward contract | $329 | GBP | 255 | Bannockburn Global Forex, LLC | 1/6/2026 | (15) |
| Foreign currency forward contract | $124 | GBP | 94 | Bannockburn Global Forex, LLC | 4/3/2026 | (2) |
| Foreign currency forward contract | $317 | GBP | 246 | Bannockburn Global Forex, LLC | 4/7/2026 | (14) |
| Foreign currency forward contract | $124 | GBP | 93 | Bannockburn Global Forex, LLC | 7/3/2026 | (2) |
| Foreign currency forward contract | $328 | GBP | 254 | Bannockburn Global Forex, LLC | 7/6/2026 | (15) |
| Foreign currency forward contract | $124 | GBP | 94 | Bannockburn Global Forex, LLC | 10/5/2026 | (2) |
| Foreign currency forward contract | $332 | GBP | 259 | Bannockburn Global Forex, LLC | 10/6/2026 | (16) |
| Foreign currency forward contract | $137 | GBP | 104 | Bannockburn Global Forex, LLC | 1/5/2027 | (3) |
| Foreign currency forward contract | $341 | GBP | 266 | Bannockburn Global Forex, LLC | 1/6/2027 | (17) |
| Foreign currency forward contract | $133 | GBP | 101 | Bannockburn Global Forex, LLC | 4/5/2027 | (3) |
| Foreign currency forward contract | $331 | GBP | 258 | Bannockburn Global Forex, LLC | 4/6/2027 | (17) |
| Foreign currency forward contract | $134 | GBP | 102 | Bannockburn Global Forex, LLC | 7/5/2027 | (3) |
| Foreign currency forward contract | $332 | GBP | 259 | Bannockburn Global Forex, LLC | 7/6/2027 | (17) |
| Foreign currency forward contract | $135 | GBP | 103 | Bannockburn Global Forex, LLC | 10/5/2027 | (4) |
| Foreign currency forward contract | $135 | GBP | 103 | Bannockburn Global Forex, LLC | 1/5/2028 | (4) |
| Foreign currency forward contract | $133 | GBP | 102 | Bannockburn Global Forex, LLC | 4/5/2028 | (4) |
| Foreign currency forward contract | $87 | GBP | 66 | Bannockburn Global Forex, LLC | 7/5/2028 | (3) |
| Foreign currency forward contract | $5581 | GBP | 4274 | Bannockburn Global Forex, LLC | 10/4/2028 | (177) |
|  |  |  |  |  |  | $(3172) |

---

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

____________________________________________________

<sup>(1)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940, as amended, (the "1940 Act"), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted.

<sup>(2)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The majority of the investments bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate ("SOFR" or "SF"), Prime Rate ("Prime" or "P"), Bank Bill Swap Rate ("BBSW" or "BB"), Sterling Overnight Index Average Rate ("SONIA" or "SN"), Canadian Overnight Repo Rate Average ("CORRA" or "CA"), or Euro Interbank Offered Rate ("Euribor" or "EU"), each of which reset daily, monthly, quarterly, or semiannually. For each such investment, the Company has provided the spread over SOFR, Prime, BBSW, SONIA, CORRA, or EU, as applicable, and the current contractual interest rate in effect at December 31, 2025. Certain investments may be subject to an interest rate floor or rate cap. Certain investments contain a payment-in-kind ("PIK") provision.

<sup>(3)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Except as otherwise noted, all of the Company's portfolio company investments, which as of December 31, 2025 represented 205.6% of the Company's net assets or 94.9% of the Company's total assets, are subject to legal restrictions on sales.

<sup>(4)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Except as otherwise noted, because there is no readily available market value for these investments, the fair value of each of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee (see Note 4 in the accompanying notes to the consolidated financial statements).

<sup>(5)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Percentages are based on net assets of $2,830,579 as of December 31, 2025.

<sup>(6)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in MC Income Plus Financing SPV LLC (the "SPV") as collateral for the Company's secured revolving credit facility (the "SPV Credit Facility") with KeyBank National Association (see Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(7)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in Monroe Capital Income Plus ABS Funding, LLC (the "2022 Issuer") as collateral for the Company's asset-backed securitization (the "2022 ABS") (see Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(8)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in MC Income Plus Financing SPV II LLC (the "SPV II") as collateral for the Company's senior secured credit facility (the "SPV II Credit Facility") with KeyBank National Association (see Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(9)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in Monroe Capital Income Plus ABS Funding II, LLC (the "2023 Issuer") as collateral for the Company's asset-backed securitization (the "2023 ABS") (see Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(10)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in MC Income Plus Financing SPV III LLC (the "SPV III") as collateral for the Company's secured revolving credit facility (the "SPV III Credit Facility") with Goldman Sachs Bank USA (see Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(11)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in MC Income Plus Financing SPV IV LLC (the "SPV IV") as collateral for the Company's secured revolving credit facility (the "SPV IV Credit Facility") with Capital One, National Association (see Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(12)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This investment is treated as a non-qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company's total assets. As of December 31, 2025, non-qualifying assets totaled 12.7% of the Company's total assets.

<sup>(13)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The Company structures its unitranche secured loans as senior secured loans. The Company obtains security interests in the assets of these portfolio companies that serve as collateral in support of the repayment of these loans. This collateral may take the form of first-priority liens on the assets of a portfolio company. Generally, the Company syndicates a "first out" portion of the loan to an investor and retains a "last out" portion of the loan, in which case the "first out" portion of the loan will generally receive priority with respect to payments of principal, interest and any other amounts due thereunder. Unitranche structures combine characteristics of traditional first lien senior secured as well as second lien and subordinated loans and the Company's unitranche secured loans will expose the Company to the risks associated with second lien and subordinated loans and may limit the Company's recourse or ability to recover collateral upon a portfolio company's bankruptcy. Unitranche secured loans typically provide for moderate loan amortization in the initial years of the facility, with the majority of the amortization deferred until loan maturity. Unitranche secured loans generally allow the borrower to make a large lump sum payment of principal at the end of the loan term, and there is a risk of loss if the borrower is unable to pay the lump sum or refinance the amount owed at maturity. In many cases the Company, together with its affiliates, is the sole or majority lender of these unitranche secured loans, which can afford the Company additional influence with a borrower in terms of monitoring and, if necessary, remediation in the event of underperformance.

<sup>(14)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Represents less than 5% ownership of the portfolio company's voting securities.

<sup>(15)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Ownership of certain equity investments may occur through a holding company or partnership.

<sup>(16)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Investments without an interest rate are non-income producing.

<sup>(17)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company's wholly-owned taxable subsidiaries.

------

**MONROE CAPITAL INCOME PLUS CORPORATION**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)**

**December 31, 2025**

**(in thousands, except for shares and units)**

<sup>(18)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As defined in the 1940 Act, the Company is deemed to be an "Affiliated Person" of the portfolio company as it owns 5% or more of the portfolio company's voting securities. See Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was an Affiliated Person (but not a portfolio company that the Company is deemed to control).

<sup>(19)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this commitment was unfunded at December 31, 2025. As such, interest is earned only on the funded portion of this commitment.

<sup>(20)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This delayed draw loan requires that certain financial covenants be met by the portfolio company prior to any fundings by the Company.

<sup>(21)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This position was on non-accrual status as of December 31, 2025, meaning that the Company has ceased accruing interest income on the position. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company's accounting policies.

<sup>(22)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This loan is denominated in Canadian dollars and is translated into U.S. dollars as of the valuation date.

<sup>(23)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This loan is denominated in Great Britain pounds and is translated into U.S. dollars as of the valuation date.

<sup>(24)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This loan is denominated in Euros and is translated into U.S. dollars as of the valuation date.

<sup>(25)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This loan is denominated in Australian dollars and is translated into U.S. dollars as of the valuation date.

<sup>(26)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The investment is subject to a servicing agreement whereby the Company earns a pooled effective yield of 14.7%.

<sup>(27)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in MC Income Plus Financing SPV V LLC (the "SPV V") as collateral for the Company's secured revolving credit facility (the "SPV V Credit Facility") with Capital One, National Association (see Note 7 in the accompanying notes to the consolidated financial statements).

<sup>(28)&nbsp;&nbsp;&nbsp;&nbsp;</sup>This is a demand note with no stated maturity.

<sup>(29)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The fair value of this investment was valued using Level 1 inputs. See Note 4 in the accompanying notes to the consolidated financial statements.

<sup>(30)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of December 31, 2025, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $565.

<sup>(31)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of December 31, 2025, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $34,952 for a total commitment of $41,855.

<sup>(32)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of December 31, 2025, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $1,197.

<sup>(33)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of December 31, 2025, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $835.

<sup>(34)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Investment position or portion thereof unsettled as of December 31, 2025.

<sup>(35)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The headquarters of this portfolio company is located in Australia.

<sup>(36)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The headquarters of this portfolio company is located in Canada.

<sup>(37)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The headquarters of this portfolio company is located in Finland.

<sup>(38)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The headquarters of this portfolio company is located in France.

<sup>(39)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The headquarters of this portfolio company is located in Luxembourg.

<sup>(40)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Reserved.

<sup>(41)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The headquarters of this portfolio company is located in Ireland.

<sup>(42)&nbsp;&nbsp;&nbsp;&nbsp;</sup>The headquarters of this portfolio company is located in United Kingdom.

<sup>(43)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of December 31, 2025, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $1,091 for a total commitment of $3,536.

<sup>(44)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of December 31, 2025, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $24,478 for a total commitment of $45,000.

<sup>(45)&nbsp;&nbsp;&nbsp;&nbsp;</sup>As of December 31, 2025, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $884.

<sup>(46)&nbsp;&nbsp;&nbsp;&nbsp;</sup>All or a portion of this security was held in Monroe Capital Income Plus ABS Funding III, LLC (the "2025 Issuer") as collateral for the Company's asset-backed securitization (the "2025 ABS") (see Note 7 in the accompanying notes to the consolidated financial statements).

n/a - not applicable

See Notes to Consolidated Financial Statements.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

**Note 1. Organization and Principal Business**

Monroe Capital Income Plus Corporation (together with its subsidiaries, the "Company") is a Maryland corporation that was formed as an externally managed, closed-end, non-diversified investment company. The Company is a specialty finance company organized to maximize the total return to the Company's stockholders in the form of current income and capital appreciation through a variety of investments. The Company is managed by Monroe Capital BDC Advisors, LLC ("MC Advisors"). The Company has elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act"). In addition, for U.S. federal income tax purposes, the Company has elected to be treated as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). The Company currently qualifies and intends to qualify annually to be treated as a RIC for U.S. federal income tax purposes.

The Company may conduct private offerings, subject to approval by the Company's Board of Directors (the "Board"). The Company is conducting its second best efforts, continuous private offering of its common stock to "accredited investors" in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") pursuant to Regulation D under the Securities Act and to non-U.S. persons pursuant to Regulation S under the Securities Act. At each closing, an investor purchases shares of the Company's common stock pursuant to a subscription agreement entered into with the Company. See Note 10 for additional information on the Company's share activity.

On March 12, 2019, the Company created a wholly-owned subsidiary, MC Income Plus Financing SPV LLC (the "SPV"), for purposes of entering into a senior secured revolving credit facility (the "SPV Credit Facility") with KeyBank National Association. See Note 7 for additional information on the SPV Credit Facility.

On April 7, 2022, the Company created a wholly-owned subsidiary, Monroe Capital Income Plus ABS Funding, LLC (the "2022 Issuer"), for purposes of completing an asset-backed securitization (the "2022 ABS") and issuing secured notes through a private placement. See Note 7 for additional information on the 2022 ABS.

On December 20, 2022, the Company created a wholly-owned subsidiary, MC Income Plus Financing SPV II LLC ("SPV II"), for purposes of entering into a senior secured term credit facility (the "SPV II Credit Facility") with KeyBank National Association. See Note 7 for additional information on the SPV II Credit Facility.

On September 15, 2023, the Company created a wholly-owned subsidiary, Monroe Capital Income Plus ABS Funding II, LLC (the "2023 Issuer"), for purposes of completing an asset-backed securitization (the "2023 ABS") and issuing secured notes through a private placement. See Note 7 for additional information on the 2023 ABS.

On January 24, 2024, the Company created a wholly-owned subsidiary, MC Income Plus Financing SPV III LLC ("SPV III"), for purposes of entering into a senior secured revolving credit facility (the "SPV III Credit Facility") with Goldman Sachs Bank USA. See Note 7 for additional information on the SPV III Credit Facility.

On May 31, 2024, the Company created a wholly-owned subsidiary, MC Income Plus Financing SPV IV LLC ("SPV IV"), for purposes of entering into a senior secured revolving credit facility (the "SPV IV Credit Facility") with Capital One, National Association. See Note 7 for additional information on the SPV IV Credit Facility.

On January 9, 2025, the Company created a wholly-owned subsidiary, MC Income Plus Financing SPV V LLC ("SPV V"), for purposes of entering into a senior secured revolving credit facility (the "SPV V Credit Facility") with Capital One, National Association. See Note 7 for additional information on the SPV V Credit Facility.

On November 19, 2025, the Company created a wholly-owned subsidiary, Monroe Capital Income Plus ABS Funding III, LLC (the "2025 Issuer"), for purposes of completing an asset-backed securitization (the "2025 ABS") and issuing secured notes through a private placement. See Note 7 for additional information on the 2025 ABS.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

On August 7, 2025, the Company entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") with Monroe Capital Corporation, a Maryland corporation ("MRCC"), and MC Advisors, pursuant to which, subject to the satisfaction or waiver of the closing conditions set forth in the Asset Purchase Agreement, on the closing date of the transactions contemplated by the Asset Purchase Agreement (the "Closing Date"), the Company will acquire the investment assets of MRCC at fair value, as determined shortly before the Closing Date, for cash (the "Asset Purchase"). Under the Asset Purchase Agreement, the Asset Purchase is contingent upon, and will become effective immediately prior to the effectiveness of, the Merger, as defined in Note 6. See Note 6 and Note 14 for additional information on the Merger and the Asset Purchase.

**Note 2. Summary of Significant Accounting Policies**

**Basis of Presentation**

The accompanying consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP"). The accompanying consolidated financial statements of the Company and related financial information have been prepared pursuant to the requirements for reporting on Form 10-Q and Articles 6 and 10 of Regulation S-X. Accordingly, certain disclosures required by GAAP for the annual reporting of consolidated financial statements are omitted. The Company has determined it meets the definition of an investment company and follows the accounting and reporting guidance in the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 946 *– Financial Services – Investment Companies* ("ASC Topic 946"). Certain prior period amounts have been reclassified to conform to current period presentation.

These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the "SEC") on March 6, 2026, including the significant accounting policies described in Note 2 in the Company's consolidated financial statements included therein.

As an emerging growth company, the Company intends to take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards.

**Use of Estimates**

The preparation of the consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

**Consolidation**

As permitted under ASC Topic 946, the Company will generally not consolidate a portfolio company in which it has invested other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the results of its wholly-owned subsidiaries, including the SPV, SPV II, SPV III, SPV IV, SPV V, the 2022 Issuer, the 2023 Issuer and the 2025 Issuer, (the "Non-Taxable Subsidiaries") and the Company's wholly-owned taxable subsidiaries (the "Taxable Subsidiaries", and together with the Non-Taxable Subsidiaries, the "Subsidiaries") in its consolidated financial statements. The purpose of the Taxable Subsidiaries is to permit the Company to hold equity investments in portfolio companies that are taxed as partnerships for U.S. federal income tax purposes while complying with the "source of income" requirements contained in the RIC tax provisions of the Code. The Taxable Subsidiaries are not consolidated with the Company for U.S. federal corporate income tax purposes, and each Taxable Subsidiary is subject to U.S. federal corporate income tax on its taxable income. All intercompany balances and transactions have been eliminated.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

**Fair Value of Financial Instruments**

The Company applies fair value to substantially all of its financial instruments in accordance with ASC Topic 820 *– Fair Value Measurements and Disclosures* ("ASC Topic 820"). ASC Topic 820 defines fair value, establishes a framework used to measure fair value, and requires disclosures for fair value measurements, including the categorization of financial instruments into a three-level hierarchy based on the transparency of valuation inputs. See Note 4 for further discussion regarding the fair value measurements and hierarchy.

ASC Topic 820 requires disclosure of the fair value of financial instruments for which it is practical to estimate such value. The Company believes that the carrying amounts of its other financial instruments such as cash and cash equivalents, restricted cash and cash equivalents, receivables and payables approximate the fair value of such items due to the short maturity of such instruments.

**Revenue Recognition**

The Company's revenue recognition policies are as follows:

*Investments and related investment income:* Interest and dividend income is recorded on the accrual basis to the extent that the Company expects to collect such amounts. Interest income is accrued based upon the outstanding principal amount and contractual terms of debt and preferred equity investments. Interest is accrued on a daily basis. The Company records fees on loans based on the determination of whether the fee is considered a yield enhancement or payment for a service. If the fee is considered a yield enhancement associated with a funding of cash on a loan, the fee is generally deferred and recognized into interest income using the effective interest method if captured in the cost basis or using the straight-line method if the loan is unfunded and therefore there is no cost basis. If the fee is not considered a yield enhancement because a service was provided, and the fee is payment for that service, the fee is deemed earned and recorded as other income in the period the service is completed.

Dividend income on preferred equity investments is recorded as dividend income on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity investments is recorded on the record date for private portfolio companies. Each distribution received from limited liability company ("LLC") and limited partnership ("LP") investments is evaluated to determine if the distribution should be recorded as dividend income or a return of capital. Generally, the Company will not record distributions from equity investments in LLCs and LPs as dividend income unless there are sufficient accumulated tax-basis earnings and profits in the LLC or LP prior to the applicable distribution. Distributions that are classified as a return of capital are recorded as a reduction in the cost basis of the investment. For the three months ended March 31, 2026 and 2025, the Company received return of capital distributions from its equity investments of $182 and $251, respectively.

The Company has certain investments in its portfolio that contain a payment-in-kind ("PIK") provision, which represents contractual interest or dividends that are added to the principal balance and recorded as income. The Company stops accruing PIK interest or PIK dividends when it is determined that PIK interest or PIK dividends are no longer collectible. To maintain RIC tax treatment, and to avoid incurring corporate U.S. federal income tax, substantially all income accrued from PIK provisions must be paid out to stockholders in the form of distributions, even though the Company has not yet collected the cash.

Loan origination fees, original issue discount and market discount or premiums are capitalized and amortized into interest income over the contractual life of the respective investment using the effective interest method. Unamortized discounts and loan origination fees totaled $54,141 and $58,606 as of March 31, 2026 and December 31, 2025, respectively. Upfront loan origination and closing fees received for the three months ended March 31, 2026 and 2025 totaled $3,494 and $13,541, respectively. Upon the prepayment of a loan or debt investment, any unamortized premium or discount or loan origination fees are recorded as interest income.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

The components of the Company's investment income were as follows:

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Interest income | $132946 | $103899 |
| PIK interest income | 4568 | 3145 |
| Dividend income <sup>(1)</sup> | 3911 | 481 |
| Other income | 2576 | 455 |
| Prepayment gain (loss) | 1038 | 1324 |
| Accretion of discounts and amortization of premiums | 4558 | 4126 |
| Total investment income | $149597 | $113430 |

---

_________________________________________

<sup>(1)</sup> During the three months ended March 31, 2026 and 2025, dividend income includes PIK dividends of $558 and $429, respectively.

Investment transactions are recorded on a trade-date basis. Realized gains or losses on portfolio investments are calculated based upon the difference between the net proceeds from the disposition and the amortized cost basis of the investment, without regard to unrealized gains or losses previously recognized. Realized gains and losses are recorded within net realized gain (loss) on investments on the consolidated statements of operations. Changes in the fair value of investments from the prior period, as determined through the application of the Company's valuation policy, are included within net change in unrealized gain (loss) on investments on the consolidated statements of operations.

*Non-accrual:* Debt or preferred equity investments are placed on non-accrual status when principal, interest or dividend payments become materially past due, or when there is reasonable doubt that principal, interest or dividends will be collected. Additionally, any original issue discount and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management's judgment. Non-accrual debt or preferred equity investments are restored to accrual status when past due principal, interest, or dividends are paid, or are expected to be paid, and, in management's judgment are likely to remain current. The Company may make exceptions to this policy and partially record interest if the loan has sufficient collateral value or is in process of collection and there is the expectation of collection of principal and a portion of the contractual interest. As of March 31, 2026 and December 31, 2025, there were 20 and 17 borrowers, respectively, with a debt or preferred equity investment on non-accrual status. The fair value of the Company's investments on non-accrual status totaled $79,008 and $67,693 at March 31, 2026 and December 31, 2025, respectively.

**Distributions**

Historically, distributions have been declared by the Board each calendar quarter. Beginning in October 2025, to the extent that the Company has taxable income available, and subject to approval by the Board, the Company intends to make monthly distributions to its stockholders. Distributions to stockholders are recorded on the record date. All distributions will be paid at the discretion of the Company's Board and will depend on the Company's earnings, financial condition, maintenance of the Company's tax treatment as a RIC, compliance with applicable BDC regulations and such other factors as the Company's Board may deem relevant from time to time. As a result, the Company's distribution rates and payment frequency may vary from time to time.

The determination of the tax attributes for the Company's distributions is made annually, based upon its taxable income for the full year and distributions paid for the full year. Ordinary dividend distributions from a RIC do not qualify for the preferential tax rate on qualified dividend income from domestic corporations and qualified foreign corporations, except to the extent that the RIC received the income in the form of qualifying dividends from domestic corporations and qualified foreign corporations. The tax attributes for distributions will generally include both ordinary income and capital gains, but may also include qualified dividends or return of capital.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

The Company has adopted a dividend reinvestment plan ("DRIP") that provides for the reinvestment of dividends and other distributions on behalf of its stockholders that elect to participate in such plan. When the Company declares a dividend or distribution, the Company's stockholders' cash distributions will only be reinvested in additional shares of the Company's common stock if a stockholder specifically "opts in" to the DRIP at least ten (10) days prior to the record date fixed by the Board. Shares issued under the DRIP were issued at a price per share equal to the net asset value ("NAV") per share as of the last day of the Company's fiscal quarter immediately preceding the date that the distribution was declared. On November 4, 2025, the Board approved the second amended and restated dividend reinvestment plan (the "Second Amended and Restated DRIP"), which amended the price per share used for distributions reinvested to be the most recent NAV per share as of the most recent effective date on which shares are issued to our investors in a closing of a private offering immediately preceding the payment date of such distribution in order to better align with monthly share issuances. See Note 10 for additional information on the Company's distributions and Second Amended and Restated DRIP.

**Segment Reporting**

In accordance with ASC Topic 280 *– Segment Reporting*, the Company has determined that it has a single reporting segment and operating unit structure. As a result, the Company's segment accounting policies are the same as described herein and the Company does not have any intra-segment sales and transfers of assets. See Note 13 for additional information on the Company's segment accounting policies.

**Cash and Cash Equivalents**

Cash and cash equivalents, including cash denominated in foreign currencies, primarily consists of cash, money market funds and short-term, highly liquid investments with original maturities of three months or less. The Company deposits its cash and cash equivalents in a financial institution and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation ("FDIC") insurance limit. The Company's deposits are held in high-quality financial institutions. As of March 31, 2026, the Company held cash denominated in foreign currencies of AUD 624 ($430 in U.S. Dollars), EUR 262 ($303 in U.S. Dollars) and GBP 286 ($378 in U.S. Dollars). As of December 31, 2025, the Company held cash denominated in foreign currency of AUD 1,229 ($820 in U.S. Dollars), EUR 728 ($855 in U.S. Dollars) and GBP 375 ($505 in U.S. Dollars).

**Restricted Cash and Cash Equivalents**

Restricted cash and cash equivalents includes amounts held within the Non-Taxable Subsidiaries. Cash and cash equivalents held within the Non-Taxable Subsidiaries is generally restricted to use for the originations of new investments, the repayment of outstanding debt and the related payment of interest expense and the quarterly release of earnings to the Company. Restricted cash and cash equivalents consists of cash, money market funds and short-term, highly liquid investments with original maturities of three months or less, and are subject to credit risk to the extent those balances exceed FDIC limitations. As of March 31, 2026 and December 31, 2025, restricted cash and cash equivalents consisted of the following:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| **Restricted cash and cash equivalents:** | | |
| &nbsp;&nbsp;SPV | $22091 | $19465 |
| &nbsp;&nbsp;SPV II | 75009 | 34572 |
| &nbsp;&nbsp;SPV III | 13947 | 9746 |
| &nbsp;&nbsp;SPV IV | 17470 | 13552 |
| &nbsp;&nbsp;SPV V | 20812 | 10618 |
| &nbsp;&nbsp;2022 Issuer | 27691 | 27684 |
| &nbsp;&nbsp;2023 Issuer | 11293 | 10820 |
| &nbsp;&nbsp;2025 Issuer | 16280 | 20574 |
| Total restricted cash and cash equivalents | $204593 | $147031 |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

**Debt Issuance Costs**

Debt issuance costs represent fees and other direct incremental costs incurred in connection with the Company's borrowings. As of March 31, 2026 and December 31, 2025, the Company had unamortized debt issuance costs of $35,944 and $30,656, respectively, presented as a direct reduction of the carrying amount of debt on the consolidated statements of assets and liabilities. These amounts are amortized and included in interest and other debt financing expenses on the consolidated statements of operations over the estimated average life of the borrowings. Amortization of debt issuance costs for the three months ended March 31, 2026 and 2025 was $2,438 and $2,853, respectively.

**Investments Denominated in Foreign Currency**

At each balance sheet date, portfolio company investments denominated in foreign currencies are translated into U.S. dollars using the spot exchange rate on the last business day of the period. Purchases and sales of foreign portfolio company investments, and any income from such investments, are translated into U.S. dollars using the rates of exchange prevailing on the respective dates of such transactions.

Although the fair values of foreign portfolio company investments and the fluctuation in such fair values are translated into U.S. dollars using the applicable foreign exchange rates described above, the Company does not isolate the portion of the change in fair value resulting from foreign currency exchange rates fluctuations from the change in fair value of the underlying investment. All fluctuations in fair value are included in net change in unrealized gain (loss) on investments on the Company's consolidated statements of operations.

Investments denominated in foreign currencies and foreign currency transactions may involve certain consideration and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. dollar.

**Derivative Instruments**

The Company has entered and may continue to enter into foreign currency forward contracts to reduce the Company's exposure to foreign currency exchange rate fluctuations. In a foreign currency forward contract, the Company agrees to receive or deliver a fixed quantity of one currency for another, at a pre-determined price at a future date. Foreign currency forward contracts are marked-to-market based on the difference between the forward rate and the exchange rate at the current period end. Unrealized gain (loss) on foreign currency forward contracts is recorded on the Company's consolidated statements of assets and liabilities by counterparty on a net basis.

The Company does not utilize hedge accounting and as such values its foreign currency forward contracts at fair value with the change in unrealized gain or loss recorded in net change in unrealized gain (loss) on foreign currency forward contracts and the realized gain or loss recorded in net realized gain (loss) on foreign currency forward contracts on the Company's consolidated statements of operations.

**Income Taxes**

The Company has elected to be treated, and intends to qualify annually, as a RIC under Subchapter M of the Code. As long as the Company maintains its status as a RIC, it generally will not be subject to U.S. federal income tax on any ordinary income or capital gains that it distributes at least annually to its stockholders.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

To qualify as a RIC under Subchapter M of the Code, the Company must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company must distribute to its stockholders, for each taxable year, at least 90% of its "investment company taxable income" for that year, which is generally its ordinary income plus the excess of its realized net short-term capital gains over its realized net long-term capital losses. In order for the Company not to be subject to U.S. federal excise taxes, it must distribute annually an amount at least equal to the sum of (i) 98% of its net ordinary income (taking into account certain deferrals and elections) for the calendar year, (ii) 98.2% of the amount by which the Company's capital gain exceeds the Company's capital loss (adjusted for certain ordinary losses) for the one-year period ending October 31 in that calendar year and (iii) certain undistributed amounts from previous years on which the Company paid no U.S. federal income tax. The Company, at its discretion, may carry forward taxable income in excess of calendar year dividends and pay U.S. federal income tax and a 4% nondeductible U.S. federal excise tax on this income. For the three months ended March 31, 2026 and 2025, the Company recorded a net expense on the consolidated statements of operations of $72 and $375, respectively, for U.S. federal excise tax. As of March 31, 2026 and December 31, 2025, the Company recorded an accrual for U.S. federal excise taxes of $73 and $290, respectively, which were included in accounts payable and accrued expenses on the consolidated statements of assets and liabilities.

The Company's consolidated Taxable Subsidiaries may be subject to U.S. federal and state corporate-level income taxes. For the three months ended March 31, 2026 and 2025, the Company recorded a net expense of ($45) and zero, respectively, on the consolidated statements of operations for these Subsidiaries. As of both March 31, 2026 and December 31, 2025, there were no payables for corporate-level income taxes.

The Company accounts for income taxes in conformity with ASC Topic 740 – *Income Taxes* ("ASC Topic 740"). ASC Topic 740 provides guidelines for how uncertain tax positions should be recognized, measured, presented and disclosed in the consolidated financial statements. ASC Topic 740 requires the evaluation of tax positions taken in the course of preparing the Company's tax returns to determine whether the tax positions are "more-likely-than-not" to be sustained by the applicable tax authority. Tax benefits of positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current year. It is the Company's policy to recognize accrued interest and penalties related to uncertain tax benefits in income tax expense. The Company did not take any material uncertain income tax positions through March 31, 2026. The Company's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

**Subsequent Events**

The Company has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the consolidated financial statements were issued. There have been no subsequent events that occurred during such period that would require disclosure in this Form 10-Q or would be required to be recognized in the consolidated financial statements as of and for the three months ended March 31, 2026, except as disclosed in Note 14.

**Recent Accounting Pronouncements**

In November 2024, the FASB issued ASU 2024-03, *Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures* ("ASU 2024-03"), which requires disaggregated disclosure of certain costs and expenses, including purchases of inventory, employee compensation, depreciation, amortization and depletion, within relevant income statement captions. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim periods beginning with the first quarter ended March 31, 2028. Early adoption and retrospective application are permitted. The Company is currently evaluating the impact of adopting ASU 2024-03.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

**Note 3. Investments**

The following tables show the composition of the Company's investment portfolio, at amortized cost and fair value (with corresponding percentage of total portfolio investments) as of March 31, 2026 and December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| **Amortized Cost:** | | | | |
| &nbsp;&nbsp;Senior secured loans | $5053789 | 85.4% | $5109431 | 86.4% |
| &nbsp;&nbsp;Unitranche secured loans | 18117 | 0.3 | 35221 | 0.6 |
| &nbsp;&nbsp;Junior secured loans | 409020 | 6.9 | 361428 | 6.1 |
| &nbsp;&nbsp;Equity investments | 435347 | 7.4 | 407283 | 6.9 |
| &nbsp;&nbsp;&nbsp;Total | $5916273 | 100.0% | $5913363 | 100.0% |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| **Fair Value:** | | | | |
| &nbsp;&nbsp;Senior secured loans | $5029403 | 86.6% | $5090861 | 87.4% |
| &nbsp;&nbsp;Unitranche secured loans | 18159 | 0.3 | 35414 | 0.6 |
| &nbsp;&nbsp;Junior secured loans | 320109 | 5.6 | 277025 | 4.8 |
| &nbsp;&nbsp;Equity investments | 436886 | 7.5 | 416455 | 7.2 |
| &nbsp;&nbsp;&nbsp;Total | $5804557 | 100.0% | $5819755 | 100.0% |

---

The following tables show the composition of the Company's investment portfolio by geographic region, at amortized cost and fair value (with corresponding percentage of total portfolio investments) as of March 31, 2026 and December 31, 2025. The geographic composition is determined by the location of the corporate headquarters of the portfolio company, which may not be indicative of the primary source of the portfolio company's business:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| **Amortized Cost:** | | | | |
| &nbsp;&nbsp;&nbsp;United States: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Midwest | $1081929 | 18.3% | $1093220 | 18.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Northeast | 1319510 | 22.3 | 1337031 | 22.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Northwest | 75666 | 1.3 | 106019 | 1.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Southeast | 1509315 | 25.5 | 1431430 | 24.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Southwest | 610811 | 10.4 | 602184 | 10.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;West | 1071815 | 18.2 | 1075499 | 18.3 |
| &nbsp;&nbsp;&nbsp;International | 247227 | 4.0 | 267980 | 4.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $5916273 | 100.0% | $5913363 | 100.0% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| **Fair Value:** | | | | |
| &nbsp;&nbsp;&nbsp;United States: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Midwest | $988682 | 17.1% | $1007605 | 17.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Northeast | 1325343 | 22.8 | 1345901 | 23.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Northwest | 75927 | 1.3 | 108809 | 1.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Southeast | 1549169 | 26.7 | 1471723 | 25.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Southwest | 587555 | 10.1 | 578702 | 9.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;West | 1031465 | 17.8 | 1044597 | 18.0 |
| &nbsp;&nbsp;International | 246416 | 4.2 | 262418 | 4.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $5804557 | 100.0% | $5819755 | 100.0% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

The following tables show the composition of the Company's investment portfolio by industry, at amortized cost and fair value (with corresponding percentage of total portfolio investments) as of March 31, 2026 and December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| **Amortized Cost:** | | | | |
| &nbsp;&nbsp;Aerospace & Defense | $36588 | 0.6% | $41610 | 0.7% |
| &nbsp;&nbsp;Automotive | 125059 | 2.1 | 132579 | 2.2 |
| &nbsp;&nbsp;Banking | 46982 | 0.8 | 46932 | 0.8 |
| &nbsp;&nbsp;Beverage, Food & Tobacco | 146101 | 2.5 | 146450 | 2.5 |
| &nbsp;&nbsp;Capital Equipment | 209527 | 3.5 | 278579 | 4.7 |
| &nbsp;&nbsp;Chemicals, Plastics & Rubber | 53788 | 0.9 | 53586 | 0.9 |
| &nbsp;&nbsp;Construction & Building | 290699 | 4.9 | 275448 | 4.7 |
| &nbsp;&nbsp;Consumer Goods: Durable | 83341 | 1.4 | 87104 | 1.5 |
| &nbsp;&nbsp;Consumer Goods: Non-Durable | 85306 | 1.4 | 87121 | 1.5 |
| &nbsp;&nbsp;Containers, Packaging & Glass | 90878 | 1.5 | 57824 | 1.0 |
| &nbsp;&nbsp;Energy: Oil & Gas | 132 | 0.0 \* | 132 | 0.0 \* |
| &nbsp;&nbsp;Environmental Industries | 103406 | 1.8 | 101103 | 1.7 |
| &nbsp;&nbsp;FIRE: Finance | 386713 | 6.5 | 395159 | 6.7 |
| &nbsp;&nbsp;FIRE: Real Estate | 169276 | 2.9 | 170649 | 2.9 |
| &nbsp;&nbsp;Healthcare & Pharmaceuticals | 864498 | 14.6 | 831390 | 14.1 |
| &nbsp;&nbsp;High Tech Industries | 772689 | 13.1 | 765255 | 12.9 |
| &nbsp;&nbsp;Hotels, Gaming & Leisure | 95 | 0.0 \* | 95 | 0.0 \* |
| &nbsp;&nbsp;Media: Advertising, Printing & Publishing | 306677 | 5.2 | 327320 | 5.4 |
| &nbsp;&nbsp;Media: Broadcasting & Subscription | 3448 | 0.1 | 3448 | 0.1 |
| &nbsp;&nbsp;Media: Diversified & Production | 90770 | 1.5 | 92892 | 1.5 |
| &nbsp;&nbsp;Retail | 14819 | 0.3 | 14448 | 0.2 |
| &nbsp;&nbsp;Services: Business | 1309171 | 22.1 | 1276711 | 21.6 |
| &nbsp;&nbsp;Services: Consumer | 362081 | 6.1 | 341755 | 5.8 |
| &nbsp;&nbsp;Telecommunications | 85791 | 1.5 | 129104 | 2.2 |
| &nbsp;&nbsp;Transportation: Cargo | 225437 | 3.8 | 211690 | 3.6 |
| &nbsp;&nbsp;Transportation: Consumer | 6102 | 0.1 |  |  |
| &nbsp;&nbsp;Utilities: Electric | 4504 | 0.1 | 4504 | 0.1 |
| &nbsp;&nbsp;Wholesale | 42395 | 0.7 | 40475 | 0.7 |
| &nbsp;&nbsp;&nbsp;Total | $5916273 | 100.0% | $5913363 | 100.0% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| **Fair Value:** | | | | |
| &nbsp;&nbsp;Aerospace & Defense | $37596 | 0.6% | $40434 | 0.7% |
| &nbsp;&nbsp;Automotive | 52590 | 0.9 | 61039 | 1.0 |
| &nbsp;&nbsp;Banking | 40681 | 0.7 | 40681 | 0.7 |
| &nbsp;&nbsp;Beverage, Food & Tobacco | 146773 | 2.5 | 145549 | 2.5 |
| &nbsp;&nbsp;Capital Equipment | 201387 | 3.5 | 272138 | 4.7 |
| &nbsp;&nbsp;Chemicals, Plastics & Rubber | 54436 | 0.9 | 53692 | 0.9 |
| &nbsp;&nbsp;Construction & Building | 298568 | 5.1 | 282687 | 4.9 |
| &nbsp;&nbsp;Consumer Goods: Durable | 45212 | 0.8 | 54861 | 0.9 |
| &nbsp;&nbsp;Consumer Goods: Non-Durable | 77918 | 1.3 | 80235 | 1.4 |
| &nbsp;&nbsp;Containers, Packaging & Glass | 90346 | 1.6 | 57516 | 1.0 |
| &nbsp;&nbsp;Energy: Oil & Gas | 191 | 0.0 \* | 133 | 0.0 \* |
| &nbsp;&nbsp;Environmental Industries | 102477 | 1.8 | 100594 | 1.7 |
| &nbsp;&nbsp;FIRE: Finance | 394126 | 6.8 | 401245 | 6.9 |
| &nbsp;&nbsp;FIRE: Real Estate | 171319 | 3.0 | 173367 | 3.0 |
| &nbsp;&nbsp;Healthcare & Pharmaceuticals | 851618 | 14.7 | 822082 | 14.1 |
| &nbsp;&nbsp;High Tech Industries | 767067 | 13.2 | 768219 | 13.2 |
| &nbsp;&nbsp;Hotels, Gaming & Leisure | 304 | 0.0 \* | 122 | 0.0 \* |
| &nbsp;&nbsp;Media: Advertising, Printing & Publishing | 301268 | 5.2 | 324332 | 5.6 |
| &nbsp;&nbsp;Media: Broadcasting & Subscription | 474 | 0.0 \* | 523 | 0.0 \* |
| &nbsp;&nbsp;Media: Diversified & Production | 85965 | 1.5 | 88577 | 1.5 |
| &nbsp;&nbsp;Retail | 14976 | 0.3 | 14624 | 0.3 |
| &nbsp;&nbsp;Services: Business | 1331015 | 22.9 | 1299308 | 22.3 |
| &nbsp;&nbsp;Services: Consumer | 361145 | 6.2 | 338841 | 5.8 |
| &nbsp;&nbsp;Telecommunications | 80952 | 1.4 | 122038 | 2.1 |
| &nbsp;&nbsp;Transportation: Cargo | 210656 | 3.6 | 201888 | 3.5 |
| &nbsp;&nbsp;Transportation: Consumer | 6102 | 0.1 |  |  |
| &nbsp;&nbsp;Utilities: Electric | 37999 | 0.7 | 36030 | 0.6 |
| &nbsp;&nbsp;Wholesale | 41396 | 0.7 | 39000 | 0.7 |
| &nbsp;&nbsp;&nbsp;Total | $5804557 | 100.0% | $5819755 | 100.0% |

---

**_______________________________________________________**

\*Represents an amount less than 0.1%.

**Note 4. Fair Value Measurements**

**Investments**

The Company values all investments in accordance with ASC Topic 820. ASC Topic 820 requires enhanced disclosures about assets and liabilities that are measured and reported at fair value. As defined in ASC Topic 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters, or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation models involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the assets or liabilities or market and the assets' or liabilities' complexity.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

ASC Topic 820 establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability of inputs used in measuring investments at fair value. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.

Based on the observability of the inputs used in the valuation techniques, the Company is required to provide disclosures on fair value measurements according to the fair value hierarchy. The fair value hierarchy ranks the observability of the inputs used to determine fair values. Investments carried at fair value are classified and disclosed in one of the following three categories:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Valuations based on inputs other than quoted prices in active markets, including quoted prices for similar assets or liabilities, which are either directly or indirectly observable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement. This includes situations where there is little, if any, market activity for the assets or liabilities. The inputs into the determination of fair value are based upon the best information available and may require significant management judgment or estimation.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an asset's or liability's categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.

The Board has designated MC Advisors as the Company's valuation designee (the "Valuation Designee"). The Board is responsible for oversight of the Valuation Designee. The Valuation Designee has established a valuation committee to determine in good faith the fair value of the Company's investments, based on input of the Valuation Designee's management and personnel and independent valuation firms which are engaged at the direction of the valuation committee to assist in the valuation of certain portfolio investments lacking a readily available market quotation. The valuation committee determines fair values pursuant to a valuation policy approved by the Board and pursuant to a consistently applied valuation process.

With respect to investments for which market quotations are not readily available, the Valuation Designee undertakes a multi-step valuation process each quarter, as described below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the quarterly valuation process begins with each portfolio company or investment being initially evaluated and rated by the investment professionals of the Valuation Designee responsible for the credit monitoring of the portfolio investment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Valuation Designee engages independent valuation firms to conduct independent appraisals of a selection of investments for which market quotations are not readily available. The Valuation Designee will consult with an independent valuation firm relative to each portfolio company at least once in every calendar year, but the independent appraisals are generally received quarterly for each investment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• to the extent an independent valuation firm is not engaged to conduct an investment appraisal on an investment for which market quotations are not readily available in a particular quarter, the investment will be valued by the Valuation Designee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• preliminary valuation conclusions are then documented and discussed with the valuation committee of the Valuation Designee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the valuation conclusions are approved by the valuation committee of the Valuation Designee; and

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a report prepared by the Valuation Designee is presented to the Board quarterly to allow the Board to perform its oversight duties of the valuation process and the Valuation Designee.

The accompanying consolidated schedules of investments held by the Company consist primarily of private debt instruments ("Level 3 debt"). The Valuation Designee generally uses the income approach to determine fair value for Level 3 debt where market quotations are not readily available, as long as it is appropriate. If there is deterioration in credit quality or a debt investment is in workout status, the Valuation Designee may consider other factors in determining the fair value, including the value attributable to the debt investment from the enterprise value of the portfolio company or the proceeds that would be received in a liquidation analysis. This liquidation analysis may include probability weighting of alternative outcomes. The Valuation Designee generally considers the Company's Level 3 debt to be performing if the borrower is not in default, the borrower is remitting payments in a timely manner; the loan is in covenant compliance or is otherwise not deemed to be impaired. In determining the fair value of the performing Level 3 debt, the Valuation Designee considers fluctuations in current interest rates, the trends in yields of debt instruments with similar credit ratings, financial condition of the borrower, economic conditions and other relevant factors, both qualitative and quantitative. In the event that a Level 3 debt instrument is not performing, as defined above, the Valuation Designee will evaluate the value of the collateral utilizing the same framework described above for a performing loan to determine the value of the Level 3 debt instrument.

Under the income approach, discounted cash flow models are utilized to determine the present value of the future cash flow streams of its debt investments, based on future interest and principal payments as set forth in the associated loan agreements. In determining fair value under the income approach, the Valuation Designee also considers the following factors: applicable market yields and leverage levels, recent transactions, credit quality, prepayment penalties, the nature and realizable value of any collateral, the portfolio company's ability to make payments, and changes in the interest rate environment and the credit markets that generally may affect the price at which similar investments may be made.

Under the market approach, the enterprise value methodology is typically utilized to determine the fair value of an investment. There is no one methodology to estimate enterprise value and, in fact, for any one portfolio company, enterprise value is generally best expressed as a range of values, from which the Valuation Designee derives a single estimate of enterprise value. In estimating the enterprise value of a portfolio company, the Valuation Designee analyzes various factors consistent with industry practice, including but not limited to original transaction multiples, the portfolio company's historical and projected financial results, applicable market trading and transaction comparables, applicable market yields and leverage levels, the nature and realizable value of any collateral, the markets in which the portfolio company does business, and comparisons of financial ratios of peer companies that are public. Typically, the enterprise values of private companies are based on multiples of earnings before interest, income taxes, depreciation and amortization ("EBITDA"), cash flows, net income, revenues, or in limited cases, book value.

In addition, for certain investments, the Valuation Designee may base its valuation on indicative bid and ask prices provided by an independent third-party pricing service. Bid prices reflect the highest price that the Company and others may be willing to pay. Ask prices represent the lowest price that the Company and others may be willing to accept. The Valuation Designee generally uses the midpoint of the bid/ask range as its best estimate of fair value of such investment.

As of March 31, 2026, the Valuation Designee determined, in good faith, the fair value of the Company's portfolio investments in accordance with GAAP and the Company's valuation procedures based on the facts and circumstances known by the Company and the Valuation Designee at that time, or reasonably expected to be known at that time.

**Foreign Currency Forward Contracts**

The valuation for the Company's foreign currency forward contracts is based on the difference between the exchange rate associated with the forward contract and the exchange rate at the current period end. Foreign currency forward contracts are categorized as Level 2 in the fair value hierarchy.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

**Fair Value Disclosures**

The following tables present fair value measurements of investments and foreign currency forward contracts, by major class according to the fair value hierarchy as of March 31, 2026 and December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Fair Value Measurements** | **Fair Value Measurements** | **Fair Value Measurements** | **Fair Value Measurements** |
|<br>**March 31, 2026** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments, at fair value: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Senior secured loans | $— | $— | $5029403 | $5029403 |
| &nbsp;&nbsp;&nbsp;Unitranche secured loans |  |  | 18159 | 18159 |
| &nbsp;&nbsp;&nbsp;Junior secured loans |  |  | 320109 | 320109 |
| &nbsp;&nbsp;&nbsp;Equity investments | 197 |  | 436689 | 436886 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investments, at fair value | $197 | $— | $5804360 | $5804557 |
| &nbsp;&nbsp;&nbsp;Foreign currency forward contracts asset (liability) | $— | $(3348) | $— | $(3348) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Fair Value Measurements** | **Fair Value Measurements** | **Fair Value Measurements** | **Fair Value Measurements** |
|<br>**December 31, 2025** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments, at fair value: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Senior secured loans | $— | $— | $5090861 | $5090861 |
| &nbsp;&nbsp;&nbsp;Unitranche secured loans |  |  | 35414 | 35414 |
| &nbsp;&nbsp;&nbsp;Junior secured loans |  |  | 277025 | 277025 |
| &nbsp;&nbsp;&nbsp;Equity investments | 145 |  | 416310 | 416455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investments, at fair value | $145 | $— | $5819610 | $5819755 |
| &nbsp;&nbsp;&nbsp;Foreign currency forward contracts asset (liability) | $— | $(3172) | $— | $(3172) |

---

Senior secured loans, unitranche secured loans and junior secured loans are collateralized by tangible and intangible assets of the borrowers. These investments include loans to entities that have some level of challenge in obtaining financing from other, more conventional institutions, such as a bank. Interest rates on these loans are either fixed or floating and are based on current market conditions and credit ratings of the borrower. Excluding loans on non-accrual status, the contractual interest rates on the loans in the Company's investment portfolio ranged from 5.50% to 17.75% at March 31, 2026 and 5.75% to 18.75% at December 31, 2025. The maturity dates on the loans outstanding at March 31, 2026 range between April 2026 and March 2033.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

The following tables provide a reconciliation of the beginning and ending balances for investments at fair value that use Level 3 inputs for the three months ended March 31, 2026 and 2025:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Investments** | **Investments** | **Investments** | **Investments** | **Investments** |
| | **Senior<br>secured loans** | **Unitranche <br>secured loans** | **Junior <br>secured loans** | **Equity <br>investments** | **Total<br>investments** |
| Balance as of December 31, 2025 | $5090861 | $35414 | $277025 | $416310 | $5819610 |
| Net realized gain (loss) on investments | (11514) |  | (265) | 45 | (11734) |
| Net change in unrealized gain (loss) on investments | (5820) | (151) | (4506) | (7683) | (18160) |
| Purchases of investments and other adjustments to cost <sup>(1)</sup> | 326393 | 18 | 52420 | 12678 | 391509 |
| Proceeds from principal payments and sales of investments <sup>(2)</sup> | (353487) | (17122) | (4565) | (1691) | (376865) |
| Reclassifications <sup>(3)</sup> | (17030) |  |  | 17030 |  |
| Balance as of March 31, 2026 | $5029403 | $18159 | $320109 | $436689 | $5804360 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Investments** | **Investments** | **Investments** | **Investments** | **Investments** |
| | **Senior <br>secured loans** | **Unitranche <br>secured loans** | **Junior <br>secured loans** | **Equity <br>investments** | **Total <br>investments** |
| Balance as of December 31, 2024 | $3491117 | $148531 | $177677 | $191499 | $4008824 |
| Net realized gain (loss) on investments | 142 |  |  | (24) | 118 |
| Net change in unrealized gain (loss) on investments | (5022) | (1253) | (1334) | 4571 | (3038) |
| Purchases of investments and other adjustments to cost <sup>(1)</sup> | 605995 | 343 | 79552 | 40053 | 725943 |
| Proceeds from principal payments and sales of investments <sup>(2)</sup> | (166479) | (44548) | (89) | (247) | (211363) |
| Reclassifications <sup>(3)</sup> | (514) |  | (1584) | 2098 |  |
| Balance as of March 31, 2025 | $3925239 | $103073 | $254222 | $237950 | $4520484 |

---

_________________________________________

<sup>(1)</sup> Includes purchases of new investments, effects of refinancing and restructurings, premium and discount accretion and amortization and PIK interest capitalized.

<sup>(2)</sup> Represents net proceeds from investments sold and principal paydowns received.

<sup>(3)</sup> Represents non-cash reclassification of investment type due to a restructuring.

The total net change in unrealized gain (loss) on investments included on the consolidated statements of operations for the three months ended March 31, 2026, attributable to Level 3 investments still held at March 31, 2026, was $(23,454). The total net change in unrealized gain (loss) on investments included on the consolidated statements of operations for the three months ended March 31, 2025, attributable to Level 3 investments still held at March 31, 2025, was $(1,819). Reclassifications impacting Level 3 of the fair value hierarchy are reported as transfers in or out of Level 3 as of the beginning of the period in which the reclassifications occur. There were no transfers among Levels 1, 2 and 3 for the three months ended March 31, 2026 and 2025.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

**Significant Unobservable Inputs** 

ASC Topic 820 requires disclosure of quantitative information about the significant unobservable inputs used in the valuation of assets and liabilities classified as Level 3 within the fair value hierarchy. Disclosure of this information is not required in circumstances where a valuation (unadjusted) is obtained from a third-party pricing service and the information regarding the unobservable inputs is not reasonably available to the Company and as such, the disclosures provided below exclude those investments valued in that manner. The tables below are not intended to be all-inclusive, but rather to provide information on significant unobservable inputs and valuation techniques used by the Valuation Designee.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

The following table presents quantitative information about the valuation techniques and significant unobservable inputs of the Company's Level 3 investments as of March 31, 2026:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Fair Value** | | **Valuation<br>Technique** | **Unobservable<br>Input** | **Weighted**<br>**Average**<br>**Mean** <sup>(1)</sup> | **Range** | **Range** |
| | **Fair Value** | | **Valuation<br>Technique** | **Unobservable<br>Input** | **Weighted**<br>**Average**<br>**Mean** <sup>(1)</sup> | **Minimum** | **Maximum** |
| **Assets:** | | | | | | | |
| Senior secured loans | $3422849 |  | Discounted cash flow | EBITDA multiples | 11.2x | 4.3x | 35.6x |
|  |  |  |  | Market yields | 9.7% | 7.6% | 20.1% |
| Senior secured loans | 1237165 |  | Discounted cash flow | Revenue multiples | 6.7x | 1.0x | 13.0x |
|  |  |  |  | Market yields | 9.3% | 8.0% | 22.5% |
| Senior secured loans | 41598 |  | Enterprise value | Revenue multiples | 2.6x | 0.5x | 5.8x |
| Senior secured loans | 40867 |  | Enterprise value | EBITDA multiples | 7.5x | 4.8x | 11.9x |
| Senior secured loans | 4452 |  | Liquidation | Probability weighting of alternative outcomes | 44.0% | 44.0% | 44.0% |
| Unitranche secured loans | 17164 |  | Discounted cash flow | Revenue multiples | 5.0x | 5.0x | 5.0x |
|  |  |  |  | Market yields | 13.8% | 13.8% | 13.8% |
| Unitranche secured loans | 995 |  | Discounted cash flow | Market yields | 16.4% | 16.4% | 16.4% |
| Junior secured loans | 252087 |  | Discounted cash flow | EBITDA multiples | 8.0x | 8.0x | 8.0x |
|  |  |  |  | Market yields | 14.0% | 12.4% | 16.9% |
| Junior secured loans | 24750 |  | Discounted cash flow | Revenue multiples | 10.1x | 10.1x | 10.1x |
|  |  |  |  | Market yields | 8.9% | 8.9% | 8.9% |
| Junior secured loans | 23902 |  | Enterprise value | EBITDA multiples | 7.2x | 4.3x | 11.9x |
| Junior secured loans | 16286 |  | Enterprise value | Revenue multiples | 5.3x | 1.0x | 5.8x |
| Equity investments | 352127 |  | Enterprise value | EBITDA multiples | 10.7x | 5.8x | 17.0x |
| Equity investments | 78757 |  | Enterprise value | Revenue multiples | 4.1x | 0.5x | 9.8x |
| Equity investments | 4992 |  | Option pricing model | Volatility | 44.0% | 24.0% | 65.0% |
| &nbsp;&nbsp;&nbsp;Total Level 3 Assets | $5517991 | (2) |  |  |  |  |  |

---

_________________________________________

<sup>(1)</sup> The weighted average mean of unobservable inputs is based on the fair value of investments.

<sup>(2)</sup> Excludes investments of $286,369 at fair value where valuation (unadjusted) is obtained from a third-party pricing service or broker quote for which such disclosure is not required.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

The following table presents quantitative information about the valuation techniques and significant unobservable inputs of the Company's Level 3 investments as of December 31, 2025:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Fair Value** | | **Valuation<br>Technique** | **Unobservable<br>Input** | **Weighted**<br>**Average**<br>**Mean** <sup>(1)</sup> | **Range** | **Range** |
| | **Fair Value** | | **Valuation<br>Technique** | **Unobservable<br>Input** | **Weighted**<br>**Average**<br>**Mean** <sup>(1)</sup> | **Minimum** | **Maximum** |
| **Assets:** | | | | | | | |
| Senior secured loans | $3428212 |  | Discounted cash flow | EBITDA multiples | 11.1x | 4.3x | 36.4x |
|  |  |  |  | Market yields | 9.6% | 7.2% | 19.8% |
| Senior secured loans | 1192777 |  | Discounted cash flow | Revenue multiples | 7.2x | 1.0x | 14.0x |
|  |  |  |  | Market yields | 9.4% | 7.5% | 20.0% |
| Senior secured loans | 61795 |  | Enterprise value | EBITDA multiples | 7.2x | 5.5x | 12.0x |
| Senior secured loans | 43978 |  | Enterprise value | Revenue multiples | 2.6x | 0.5x | 5.3x |
| Senior secured loans | 4452 |  | Liquidation | Probability weighting of alternative outcomes | 44.0% | 44.0% | 44.0% |
| Unitranche secured loans | 18186 |  | Discounted cash flow | EBITDA multiples | 10.5x | 10.5x | 10.5x |
|  |  |  |  | Market yields | 8.8% | 8.4% | 16.0% |
| Unitranche secured loans | 17228 |  | Discounted cash flow | Revenue multiples | 5.5x | 5.5x | 5.5x |
|  |  |  |  | Market yields | 13.2% | 13.2% | 13.2% |
| Junior secured loans | 243696 |  | Discounted cash flow | EBITDA multiples | 8.8x | 8.8x | 8.8x |
|  |  |  |  | Market yields | 14.0% | 12.5% | 17.3% |
| Junior secured loans | 17118 |  | Enterprise value | Revenue multiples | 4.9x | 1.0x | 5.3x |
| Junior secured loans | 9451 |  | Enterprise value | EBITDA multiples | 7.2x | 4.3x | 12.0x |
| Equity investments | 327486 |  | Enterprise value | EBITDA multiples | 10.7x | 6.8x | 17.3x |
| Equity investments | 80634 |  | Enterprise value | Revenue multiples | 4.2x | 0.5x | 10.8x |
| Equity investments | 7271 |  | Option pricing model | Volatility | 47.2% | 24.0% | 70.0% |
| &nbsp;&nbsp;&nbsp;Total Level 3 Assets | $5452284 | (2) |  |  |  |  |  |

---

_________________________________________

<sup>(1)</sup> The weighted average mean of unobservable inputs is based on the fair value of investments.

<sup>(2)</sup> Excludes investments of $367,326 at fair value where valuation (unadjusted) is obtained from a third-party pricing service or broker quote for which such disclosure is not required.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

The significant unobservable input used in the income approach of fair value measurement of the Company's investments is the discount rate used to discount the estimated future cash flows expected to be received from the underlying investment, which includes both future principal and interest payments. Increases (decreases) in the discount rate would result in a decrease (increase) in the fair value estimate of the investment. Included in the consideration and selection of discount rates are the following factors: risk of default, rating of the investment and comparable investments, and call provisions.

The significant unobservable inputs used in the market approach of fair value measurement of the Company's investments are the market multiples of EBITDA or revenue of the comparable guideline public companies. The Valuation Designee selects a population of public companies for each investment with similar operations and attributes of the portfolio company. Using these guideline public companies' data, a range of multiples of enterprise value to EBITDA or revenue is calculated. The Valuation Designee selects percentages from the range of multiples for purposes of determining the portfolio company's estimated enterprise value based on said multiple and generally the latest twelve months EBITDA or revenue of the portfolio company (or other meaningful measure). Increases (decreases) in the multiple will result in an increase (decrease) in enterprise value, resulting in an increase (decrease) in the fair value estimate of the investment.

**Other Financial Assets and Liabilities**

ASC Topic 820 requires disclosure of the fair value of financial instruments for which it is practical to estimate such value. The Company believes that the carrying amounts of its other financial instruments such as cash and restricted cash and cash equivalents, receivables and payables approximate the fair value of such items due to the short maturity of such instruments.

Fair value is estimated by discounting remaining payments using applicable market rates or market quotes for similar instruments at the measurement date, if applicable. The following table presents the carrying values and fair values of the Company's debt as of March 31, 2026 and December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| | **Carrying Value**<sup>(1)</sup> | **Fair Value** | **Carrying Value**<sup>(1)</sup> | **Fair Value** |
| Revolving Credit Facility<sup>(2)</sup> | $307720 | $307720 | $627266 | $627266 |
| SPV Credit Facility | 269996 | 269996 | 97515 | 97515 |
| SPV II Credit Facility | 685760 | 685760 | 568316 | 568316 |
| SPV III Credit Facility | 158724 | 158724 | 148568 | 148568 |
| SPV IV Credit Facility | 205440 | 205440 | 172753 | 172753 |
| SPV V Credit Facility | 196083 | 196083 | 123361 | 123361 |
| 2022 ABS | 214884 | 212689 | 234697 | 234604 |
| 2023 ABS | 207481 | 210202 | 207239 | 210271 |
| 2025 ABS | 411974 | 412209 | 411711 | 411711 |
| July 2028 Notes | 41524 | 42037 | 41476 | 42096 |
| November 2028 Notes | 99382 | 101103 | 99324 | 101232 |
| December 2028 Notes | 99382 | 101151 | 99324 | 101279 |
| July 2029 Notes | 155051 | 156191 | 154981 | 156242 |
| September 2029 Notes | 47708 | 47704 | 47686 | 47699 |
| July 2030 Notes | 159382 | 161327 | 159290 | 161679 |
| &nbsp;&nbsp;&nbsp;Total Debt | $3260491 | $3268336 | $3193507 | $3204592 |

---

_____________________________________________

<sup>(1)</sup> Represents the principal amount outstanding, less unamortized debt issuance costs.

<sup>(2)</sup> Amounts include borrowings denominated in foreign currencies converted at the period end exchange rate.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

The below table presents fair value measurements of the Company's debt obligations according to the fair value hierarchy as of March 31, 2026 and December 31, 2025:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Level 1 | $— | $— |
| Level 2 |  |  |
| Level 3 | 3268336 | 3204592 |
| &nbsp;&nbsp;&nbsp;Total Debt | $3268336 | $3204592 |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

**Note 5. Transactions with Affiliate Companies**

An affiliated company is a company in which the Company has an ownership interest of 5% or more of its voting securities. A controlled affiliate company is a company in which the Company has an ownership interest of more than 25% of its voting securities. Please see the Company's consolidated schedule of investments for the type of investment, principal amount, interest rate including the spread, and the maturity date for each investment. Transactions related to the Company's investments with affiliates for the three months ended March 31, 2026 and 2025 were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Fair value at <br>December 31,<br>2025** | **Transfers**<br>**in (out)** <sup>(1)</sup> | **Purchases<br>(cost)** | **Sales and<br>paydowns<br>(cost)** | **PIK<br>interest<br>capitalized<br>(cost)** | **Discount<br>accretion** | **Net<br>realized<br>gain (loss)** | **Net <br>change in unrealized<br>gain (loss)** | **Fair value at <br>March 31, 2026** |
| **Non-controlled affiliate company investment:** | | | | | | | | | |
| &nbsp;&nbsp;Baystate Sewage Disposal, LLC | $4389 | $— | $— | $(11) | $— | $5 | $— | $(5) | $4378 |
| &nbsp;&nbsp;Baystate Sewage Disposal, LLC (Delayed Draw) | 126 |  |  |  |  |  |  |  | 126 |
| &nbsp;&nbsp;Baystate Sewage Disposal, LLC (Revolver) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Baystate Sewage Disposal, LLC (8,841,724 Class A-1 preferred units) | 8926 |  |  |  |  |  |  | (174) | 8752 |
|  | 13441 |  |  | (11) |  | 5 |  | (179) | 13256 |
| &nbsp;&nbsp;BTR Opco LLC | 395 |  |  |  |  |  |  | (228) | 167 |
| &nbsp;&nbsp;BTR Opco LLC |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;BTR Opco LLC (Delayed Draw) | 1478 |  | 190 |  |  |  |  | 46 | 1714 |
| &nbsp;&nbsp;BTR Opco LLC (622 Class A common units) |  |  |  |  |  |  |  |  |  |
|  | 1873 |  | 190 |  |  |  |  | (182) | 1881 |
| &nbsp;&nbsp;ClearlyRated Capital, LLC | 1427 |  |  | (4) |  | 2 |  |  | 1425 |
| &nbsp;&nbsp;ClearlyRated Capital, LLC (Delayed Draw) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;ClearlyRated Capital, LLC (7,093,224 Class A units) | 7626 |  |  |  |  |  |  | (345) | 7281 |
|  | 9053 |  |  | (4) |  | 2 |  | (345) | 8706 |
| &nbsp;&nbsp;Engineered Metal Solutions, Inc. | 6850 |  |  | (17) |  | 8 |  | (8) | 6833 |
| &nbsp;&nbsp;Engineered Metal Solutions, Inc. (Revolver) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Engineered Metal Solutions, Inc. (7,413 Class A units) | 7633 |  |  |  |  |  |  | 372 | 8005 |
|  | 14483 |  |  | (17) |  | 8 |  | 364 | 14838 |
| &nbsp;&nbsp;FLEET Response, LLC |  | 8851 |  |  |  |  |  |  | 8851 |
| &nbsp;&nbsp;FLEET Response, LLC (Revolver) |  | 379 |  |  |  |  |  |  | 379 |
| &nbsp;&nbsp;FLEET Response, LLC (177,011 common units) |  | 16054 |  |  |  |  |  | (12384) | 3670 |
| &nbsp;&nbsp;FLEET Response, LLC (177,011 preferred units) |  |  | 1770 |  |  |  |  | 885 | 2655 |
|  |  | 25284 | 1770 |  |  |  |  | (11499) | 15555 |
| &nbsp;&nbsp;Jumpstart Holdco, Inc. (Delayed Draw) | 4431 |  | 705 |  |  |  |  | (159) | 4977 |
| &nbsp;&nbsp;Jumpstart Holdco, Inc. (Revolver) | 748 |  |  | (14) |  |  |  | 21 | 755 |
| &nbsp;&nbsp;Jumpstart Holdco, Inc. (188,000 Class A common units) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Jumpstart Holdco, Inc. (1,566,667 Class A units) |  |  |  |  |  |  |  |  |  |
|  | 5179 |  | 705 | (14) |  |  |  | (138) | 5732 |
| &nbsp;&nbsp;MC Aviation Limited (commitment to purchase up to 40.0% of the equity) | 23603 |  |  |  |  |  |  | 1048 | 24651 |
|  | 23603 |  |  |  |  |  |  | 1048 | 24651 |
| &nbsp;&nbsp;MC Voyager SPV II LLC ($20,797 of $45,000 equity commitment funded) | 20522 |  | 275 |  |  |  |  |  | 20797 |
|  | 20522 |  | 275 |  |  |  |  |  | 20797 |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Fair value at <br>December 31,<br>2025** | **Transfers**<br>**in (out)** <sup>(1)</sup> | **Purchases<br>(cost)** | **Sales and<br>paydowns<br>(cost)** | **PIK<br>interest<br>capitalized<br>(cost)** | **Discount<br>accretion** | **Net<br>realized<br>gain (loss)** | **Net <br>change in unrealized<br>gain (loss)** | **Fair value at <br>March 31, 2026** |
| &nbsp;&nbsp;Nastel Technologies, LLC | $3496 | $— | $— | $— | $— | $4 | $— | $— | $3500 |
| &nbsp;&nbsp;Nastel Technologies, LLC (Revolver) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Nastel Technologies, LLC (3,408 Class A units) | 5504 |  |  |  |  |  |  | 140 | 5644 |
|  | 9000 |  |  |  |  | 4 |  | 140 | 9144 |
| &nbsp;&nbsp;NFS Intermediate HoldCo, LLC (53,255 Series B preferred units) | 60650 |  |  |  |  |  |  | 1253 | 61903 |
|  | 60650 |  |  |  |  |  |  | 1253 | 61903 |
| &nbsp;&nbsp;SFR Holdco, LLC | 5875 |  |  |  |  |  |  | (43) | 5832 |
| &nbsp;&nbsp;SFR Holdco, LLC | 4839 |  |  |  |  |  |  | (24) | 4815 |
| &nbsp;&nbsp;SFR Holdco, LLC (13.9% of equity commitments) | 4954 |  |  |  |  |  |  | 62 | 5016 |
| &nbsp;&nbsp;SFR Holdco, LLC (10.5% of equity commitments) | 3715 |  |  |  |  |  |  | 47 | 3762 |
|  | 19383 |  |  |  |  |  |  | 42 | 19425 |
| &nbsp;&nbsp;SFR Holdco 2, LLC | 4937 |  |  |  |  |  |  | (49) | 4888 |
| &nbsp;&nbsp;SFR Holdco 2, LLC (24.4% of equity commitments) | 3464 |  |  |  |  |  |  | 88 | 3552 |
|  | 8401 |  |  |  |  |  |  | 39 | 8440 |
| &nbsp;&nbsp;SheerTrans Solutions, LLC | 5687 |  |  |  | 171 | 8 |  | (8) | 5858 |
| &nbsp;&nbsp;SheerTrans Solutions, LLC | 1624 |  |  |  | 49 | 2 |  | (2) | 1673 |
| &nbsp;&nbsp;SheerTrans Solutions, LLC (Revolver) | 763 |  | 439 | (1205) | 3 |  |  |  |  |
| &nbsp;&nbsp;SheerTrans Solutions, LLC (3,042,264 Class A preferred interests) | 4747 |  |  |  |  |  |  | (30) | 4717 |
| &nbsp;&nbsp;SheerTrans Solutions, LLC (4,692,038 Class B preferred interests) | 7320 |  |  |  |  |  |  | (47) | 7273 |
| &nbsp;&nbsp;SheerTrans Solutions, LLC (9,191,624 preferred interests) |  |  |  |  |  |  |  |  |  |
|  | 20141 |  | 439 | (1205) | 223 | 10 |  | (87) | 19521 |
| &nbsp;&nbsp;Summit Professional Education, LLC | 9994 |  |  | (25) |  | 13 |  | 82 | 10064 |
| &nbsp;&nbsp;Summit Professional Education, LLC | 3960 |  |  | (10) |  | 6 |  | 32 | 3988 |
| &nbsp;&nbsp;Summit Professional Education, LLC (Delayed Draw) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Summit Professional Education, LLC (Revolver) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Summit Professional Education, LLC (19,762 Class A units) | 18138 |  |  |  |  |  |  | (12) | 18126 |
|  | 32092 |  |  | (35) |  | 19 |  | 102 | 32178 |
| &nbsp;&nbsp;Triad Financial Services, Inc. ($6,902 of $41,855 equity commitment funded) | 6902 |  |  |  |  |  |  |  | 6902 |
|  | 6902 |  |  |  |  |  |  |  | 6902 |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. | 15572 |  |  |  | 769 | 28 |  | (1640) | 14729 |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. | 3197 |  |  |  | 86 |  |  |  | 3283 |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. (Revolver) | 3487 |  |  |  | 93 |  |  |  | 3580 |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. (518,970 Series A preferred stock) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. (116,083 Series B preferred stock) |  |  |  |  |  |  |  |  |  |
|  | 22256 |  |  |  | 948 | 28 |  | (1640) | 21592 |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Fair value at <br>December 31,<br>2025** | **Transfers**<br>**in (out)** <sup>(1)</sup> | **Purchases<br>(cost)** | **Sales and<br>paydowns<br>(cost)** | **PIK<br>interest<br>capitalized<br>(cost)** | **Discount<br>accretion** | **Net<br>realized<br>gain (loss)** | **Net <br>change in unrealized<br>gain (loss)** | **Fair value at <br>March 31, 2026** |
| &nbsp;&nbsp;YBR OZ ECE, LLC | $1994 | $— | $— | $(5) | $— | $2 | $— | $(3) | $1988 |
| &nbsp;&nbsp;YBR OZ ECE, LLC (Delayed Draw) | 901 |  |  | (2) |  |  |  |  | 899 |
| &nbsp;&nbsp;YBR OZ ECE, LLC (Revolver) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;YBR OZ ECE, LLC (6,875 Class A units) | 6875 |  |  |  |  |  |  |  | 6875 |
|  | 9770 |  |  | (7) |  | 2 |  | (3) | 9762 |
| &nbsp;&nbsp;Zodega Landscaping, LLC | 12281 |  |  | (30) |  | 30 |  | (62) | 12219 |
| &nbsp;&nbsp;Zodega Landscaping, LLC (Revolver) | 992 |  |  | (595) |  |  |  |  | 397 |
| &nbsp;&nbsp;Zodega Landscaping, LLC (146,757 preferred interests) | 18148 |  |  |  |  |  |  | 810 | 18958 |
|  | 31421 |  |  | (625) |  | 30 |  | 748 | 31574 |
| **Total non-controlled affiliate company investments** | $**308170** | $**25284** | $**3379** | $**(1918)** | $**1171** | $**108** | $**—** | $**(10337)** | $**325857** |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Fair value at <br>December 31,<br>2024** | **Transfers**<br>**in (out)** <sup>(1)</sup> | **Purchases<br>(cost)** | **Sales and <br>paydowns<br>(cost)** | **PIK <br>interest<br>capitalized<br> (cost)** | **Discount<br>accretion** | **Net <br>realized<br>gain (loss)** | **Net <br>change in unrealized<br>gain (loss)** | **Fair value at <br>March 31, 2025** |
| **Non-controlled affiliate company investment:** | | | | | | | | | |
| &nbsp;&nbsp;BTR Opco LLC | $1177 | $— | $— | $— | $— | $— | $— | $120 | $1297 |
| &nbsp;&nbsp;BTR Opco LLC |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;BTR Opco LLC (Delayed Draw) | 1131 |  |  |  |  |  |  | 38 | 1169 |
| &nbsp;&nbsp;BTR Opco LLC (fka Born To Run, LLC) (659 Class A common units) |  |  |  |  |  |  |  |  |  |
|  | 2308 |  |  |  |  |  |  | 158 | 2466 |
| &nbsp;&nbsp;ClearlyRated Capital, LLC (5,500,000 Class A units) | 5500 |  |  |  |  |  |  |  | 5500 |
|  | 5500 |  |  |  |  |  |  |  | 5500 |
| &nbsp;&nbsp;MC Voyager SPV II LLC ($7,490 of $45,000 equity commitment funded) |  |  | 7490 |  |  |  |  | (150) | 7340 |
|  |  |  | 7490 |  |  |  |  | (150) | 7340 |
| &nbsp;&nbsp;Nastel Technologies, LLC | 3478 |  |  |  |  | 4 |  |  | 3482 |
| &nbsp;&nbsp;Nastel Technologies, LLC (Revolver) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Nastel Technologies, LLC (3,408 Class A units) | 4611 |  |  |  |  |  |  | 34 | 4645 |
|  | 8089 |  |  |  |  | 4 |  | 34 | 8127 |
| &nbsp;&nbsp;SFR Holdco, LLC | 5593 |  |  |  |  |  |  | 125 | 5718 |
| &nbsp;&nbsp;SFR Holdco, LLC | 4631 |  |  |  |  |  |  | 110 | 4741 |
| &nbsp;&nbsp;SFR Holdco, LLC (13.9% of equity commitments)  | 4797 |  |  |  |  |  |  | 122 | 4919 |
| &nbsp;&nbsp;SFR Holdco, LLC (10.5% of equity commitments) | 3597 |  |  |  |  |  |  | 92 | 3689 |
|  | 18618 |  |  |  |  |  |  | 449 | 19067 |
| &nbsp;&nbsp;SFR Holdco 2, LLC (Delayed Draw) | 2267 |  | 1425 |  |  |  |  | 48 | 3740 |
| &nbsp;&nbsp;SFR Holdco 2, LLC (24.4% of equity commitments) | 1510 |  | 950 |  |  |  |  | 32 | 2492 |
|  | 3777 |  | 2375 |  |  |  |  | 80 | 6232 |
| &nbsp;&nbsp;SheerTrans Solutions, LLC | 5261 |  |  | (12) | 53 | 7 |  | (7) | 5302 |
| &nbsp;&nbsp;SheerTrans Solutions, LLC | 1503 |  |  | (4) | 15 | 2 |  | (2) | 1514 |
| &nbsp;&nbsp;SheerTrans Solutions, LLC (Revolver) | 998 |  |  |  | 11 |  |  |  | 1009 |
| &nbsp;&nbsp;SheerTrans Solutions, LLC (12,233,889 preferred interests) | 11989 |  |  |  |  |  |  | 245 | 12234 |
|  | 19751 |  |  | (16) | 79 | 9 |  | 236 | 20059 |
| &nbsp;&nbsp;Summit Professional Education, LLC | 10244 |  |  | (26) |  | 12 |  | 94 | 10324 |
| &nbsp;&nbsp;Summit Professional Education, LLC (Revolver) | 1145 |  |  | (1145) |  |  |  |  |  |
| &nbsp;&nbsp;Summit Professional Education, LLC (18,781 Class A units) | 16676 |  | 2105 |  |  |  |  |  | 18781 |
|  | 28065 |  | 2105 | (1171) |  | 12 |  | 94 | 29105 |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Fair value at <br>December 31,<br>2024** | **Transfers**<br>**in (out)** <sup>(1)</sup> | **Purchases<br>(cost)** | **Sales and <br>paydowns<br>(cost)** | **PIK <br>interest<br>capitalized<br> (cost)** | **Discount<br>accretion** | **Net <br>realized<br>gain (loss)** | **Net <br>change in unrealized<br>gain (loss)** | **Fair value at <br>March 31, 2025** |
| &nbsp;&nbsp;Triad Financial Services, Inc. ($4,803 of $41,855 equity commitment funded) | $4803 | $— | $— | $— | $— | $— | $— | $— | $4803 |
|  | 4803 |  |  |  |  |  |  |  | 4803 |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. | 22772 |  |  |  | 385 | 27 |  | (1618) | 21566 |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. (Delayed Draw) | 1980 |  | 414 |  | 31 |  |  |  | 2425 |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. (Revolver) | 1539 |  |  |  | 22 |  |  |  | 1561 |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. (518,970 Series A preferred stock) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. (116,083 Series B preferred stock) |  |  |  |  |  |  |  |  |  |
|  | 26291 |  | 414 |  | 438 | 27 |  | (1618) | 25552 |
| &nbsp;&nbsp;YBR OZ ECE, LLC |  |  | 1960 |  |  | 2 |  | (2) | 1960 |
| &nbsp;&nbsp;YBR OZ ECE, LLC (Delayed Draw) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;YBR OZ ECE, LLC (Revolver) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;YBR OZ ECE, LLC (6,875 Class A units) |  |  | 6875 |  |  |  |  |  | 6875 |
|  |  |  | 8835 |  |  | 2 |  | (2) | 8835 |
| &nbsp;&nbsp;Zodega Landscaping, LLC | 12431 |  |  | (30) |  | 27 |  | 2 | 12430 |
| &nbsp;&nbsp;Zodega Landscaping, LLC (Revolver) | 992 |  |  |  |  |  |  |  | 992 |
| &nbsp;&nbsp;Zodega Landscaping, LLC (146,757 preferred interests) | 15130 |  |  |  |  |  |  | 494 | 15624 |
|  | 28553 |  |  | (30) |  | 27 |  | 496 | 29046 |
| **Total non-controlled affiliate company investments** | $**145755** | $**—** | $**21219** | $**(1217)** | $**517** | $**81** | $**—** | $**(223)** | $**166132** |

---

________________________________________

<sup>(1)</sup> Transfers in (out) may include increases (decreases) in the cost basis of investments resulting from the exchange of one or more existing investments for one or more new investments and the movement of an existing portfolio company into this affiliated category from a different category as a result of a restructuring.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **For the three months ended March 31,** | **For the three months ended March 31,** | **For the three months ended March 31,** | **For the three months ended March 31,** | **For the three months ended March 31,** | **For the three months ended March 31,** |
| | **2026** | **2026** | **2026** | **2025** | **2025** | **2025** |
|<br>**Portfolio Company** | **Interest <br>Income** | **Dividend Income** | **Other Income** | **Interest <br>Income** | **Dividend Income** | **Other Income** |
| **Non-controlled affiliate company investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;Baystate Sewage Disposal, LLC | $111 | $— | $— | n/a | n/a | n/a |
| &nbsp;&nbsp;Baystate Sewage Disposal, LLC (Delayed Draw) | 5 |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;Baystate Sewage Disposal, LLC (Revolver) | 1 |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;Baystate Sewage Disposal, LLC (Class A-1 preferred units) |  | 174 |  | n/a | n/a | n/a |
|  | 117 | 174 |  |  |  |  |
| &nbsp;&nbsp;BTR Opco LLC |  |  |  |  |  |  |
| &nbsp;&nbsp;BTR Opco LLC |  |  |  |  |  |  |
| &nbsp;&nbsp;BTR Opco LLC (Delayed Draw) |  |  |  |  |  |  |
| &nbsp;&nbsp;BTR Opco LLC (Class A common units) |  |  |  |  |  |  |
| &nbsp;&nbsp;ClearlyRated Capital, LLC | 38 |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;ClearlyRated Capital, LLC (Delayed Draw) | 1 |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;ClearlyRated Capital, LLC (Class A units) |  |  |  |  |  |  |
|  | 39 |  |  |  |  |  |
| &nbsp;&nbsp;Engineered Metal Solutions, Inc. | 165 |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;Engineered Metal Solutions, Inc. (Revolver) | 2 |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;Engineered Metal Solutions, Inc. (Class A units) |  |  |  | n/a | n/a | n/a |
|  | 167 |  |  |  |  |  |
| &nbsp;&nbsp;FLEET Response, LLC |  |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;FLEET Response, LLC (Revolver) |  |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;FLEET Response, LLC (Common units) |  |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;FLEET Response, LLC (Preferred units) |  |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;Jumpstart Holdco, Inc. (Delayed Draw) |  |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;Jumpstart Holdco, Inc. (Revolver) |  |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;Jumpstart Holdco, Inc. (Class A common units) |  |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;Jumpstart Holdco, Inc. (Class A units) |  |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;MC Aviation Limited (Equity Commitment) |  |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;MC Voyager SPV II LLC (Equity commitment) |  |  |  |  |  |  |
| &nbsp;&nbsp;Nastel Technologies, LLC | 90 |  |  | 100 |  |  |
| &nbsp;&nbsp;Nastel Technologies, LLC (Revolver) |  |  |  |  |  |  |
| &nbsp;&nbsp;Nastel Technologies, LLC (Class A units) |  |  |  |  |  |  |
|  | 90 |  |  | 100 |  |  |
| &nbsp;&nbsp;NFS Intermediate HoldCo, LLC (Series B preferred units) |  | 2814 |  | n/a | n/a | n/a |
|  |  | 2814 |  |  |  |  |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **For the three months ended March 31,** | **For the three months ended March 31,** | **For the three months ended March 31,** | **For the three months ended March 31,** | **For the three months ended March 31,** | **For the three months ended March 31,** |
| | **2026** | **2026** | **2026** | **2025** | **2025** | **2025** |
|<br>**Portfolio Company** | **Interest <br>Income** | **Dividend Income** | **Other Income** | **Interest <br>Income** | **Dividend Income** | **Other Income** |
| &nbsp;&nbsp;SFR Holdco, LLC | $146 | $— | $— | $147 | $— | $— |
| &nbsp;&nbsp;SFR Holdco, LLC | 101 |  |  | 102 |  |  |
| &nbsp;&nbsp;SFR Holdco, LLC (LLC interest) |  |  |  |  |  |  |
| &nbsp;&nbsp;SFR Holdco, LLC (LLC interest) |  |  |  |  |  |  |
|  | 247 |  |  | 249 |  |  |
| &nbsp;&nbsp;SFR Holdco 2, LLC (Delayed Draw) | 107 |  |  | 55 |  |  |
| &nbsp;&nbsp;SFR Holdco 2, LLC (LLC interest) |  |  |  |  |  |  |
|  | 107 |  |  | 55 |  |  |
| &nbsp;&nbsp;SheerTrans Solutions, LLC | 178 |  |  | 171 |  |  |
| &nbsp;&nbsp;SheerTrans Solutions, LLC | 50 |  |  | 48 |  |  |
| &nbsp;&nbsp;SheerTrans Solutions, LLC (Revolver) | 4 |  |  | 32 |  |  |
| &nbsp;&nbsp;SheerTrans Solutions, LLC (Preferred interests) |  |  |  |  |  |  |
| &nbsp;&nbsp;SheerTrans Solutions, LLC (Class A preferred interests) |  |  |  |  |  |  |
| &nbsp;&nbsp;SheerTrans Solutions, LLC (Class B preferred interests) |  |  |  |  |  |  |
|  | 232 |  |  | 251 |  |  |
| &nbsp;&nbsp;Summit Professional Education, LLC | 107 |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;Summit Professional Education, LLC | 268 |  |  | 286 |  |  |
| &nbsp;&nbsp;Summit Professional Education, LLC (Delayed Draw) | 9 |  |  | n/a | n/a | n/a |
| &nbsp;&nbsp;Summit Professional Education, LLC (Revolver) | 2 |  |  | 14 |  |  |
| &nbsp;&nbsp;Summit Professional Education, LLC (Class A units) |  |  |  |  |  |  |
|  | 386 |  |  | 300 |  |  |
| &nbsp;&nbsp;Triad Financial Services, Inc. (Equity commitment) |  |  |  |  |  |  |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. | 776 |  |  | 767 |  |  |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. | 85 |  |  | 60 |  |  |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. (Revolver) | 94 |  |  | 44 |  |  |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. (Series A preferred stock) |  |  |  |  |  |  |
| &nbsp;&nbsp;Whistler Parent Holdings III, Inc. (Series B preferred stock) |  |  |  |  |  |  |
|  | 955 |  |  | 871 |  |  |
| &nbsp;&nbsp;YBR OZ ECE, LLC | 50 |  |  | 41 |  |  |
| &nbsp;&nbsp;YBR OZ ECE, LLC (Delayed Draw) | 23 |  |  | 2 |  |  |
| &nbsp;&nbsp;YBR OZ ECE, LLC (Revolver) |  |  |  |  |  |  |
| &nbsp;&nbsp;YBR OZ ECE, LLC (Class A units) |  |  |  |  |  |  |
|  | 73 |  |  | 43 |  |  |
| &nbsp;&nbsp;Zodega Landscaping, LLC | 384 |  |  | 405 |  |  |
| &nbsp;&nbsp;Zodega Landscaping, LLC (Revolver) | 26 |  |  | 31 |  |  |
| &nbsp;&nbsp;Zodega Landscaping, LLC (Preferred interests) |  |  |  |  |  |  |
|  | 410 |  |  | 436 |  |  |
| **Total non-controlled affiliate company investments** | $**2823** | $**2988** | $**—** | $**2305** | $**—** | $**—** |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

**Note 6. Transactions with Related Parties**

On March 31, 2025, in connection with the change of control transaction in which an affiliate of Wendel SE acquired 75% of the outstanding equity interests in certain affiliates of Monroe Capital LLC, including MC Advisors (the "Wendel Transaction"), the Company entered into the Amended and Restated Investment Advisory and Management Agreement with MC Advisors (the "Amended Investment Advisory Agreement"). The terms of the Amended Investment Advisory Agreement, including the fee structure and services to be provided, remain unchanged from the previous investment advisory and management agreement, dated December 5, 2018 (the "Original Investment Advisory Agreement"). The Original Investment Advisory Agreement terminated pursuant to its terms as a result of the Wendel Transaction in accordance with the requirements of the 1940 Act. Under the terms of the Amended Investment Advisory Agreement, MC Advisors, subject to the overall supervision of the Board, continues to provide investment advisory services to the Company.

The Company pays MC Advisors a fee for its services under the Amended Investment Advisory Agreement consisting of two components – a base management fee and an incentive fee as reduced by a fee waiver letter from April 18, 2022. The cost of both the base management fee and the incentive fee are borne by the Company's stockholders, unless such fees are waived by MC Advisors.

On April 18, 2022, MC Advisors agreed to permanently waive a portion of the base management and incentive fees payable by the Company to MC Advisors under the Original Investment Advisory Agreement pursuant to a fee waiver letter. The base management fee waiver took effect beginning April 1, 2022 and the incentive fee waivers took effect beginning January 1, 2022. The fee waiver letter agreement remains in effect and continues to apply to the base management and incentive fees payable under the Amended Investment Advisory Agreement.

The base management fee is calculated at an annual rate of 1.25% of average total assets (reduced from 1.50% pursuant to the fee waiver letter agreement described above), which includes assets financed using leverage. Following any future quotation or listing of the Company's securities on a national securities exchange (an "Exchange Listing") or any future quotation or listing of its securities on any other public trading market, the base management fee will be calculated at an annual rate of 1.75% of average invested assets (calculated as total assets excluding cash). The base management fee is payable in arrears.

On January 22, 2026, MC Advisors agreed to voluntarily waive a portion of the management fees payable under the Amended Investment Advisory Agreement, as previously reduced by a fee waiver letter dated April 18, 2022 (the "2022 Fee Waiver Letter"). Specifically, MC Advisors has agreed to waive an amount of the base management fee that it may have been entitled to under the Amended Investment Advisory Agreement, as reduced pursuant to the 2022 Fee Waiver Letter, for the period beginning January 1, 2026 through December 31, 2026, such that the base management fee rate will equal 1.0%. Any such fees waived will not be subject to recoupment by MC Advisors. There is no guarantee that MC Advisors will waive base management fees in the future.

Base management fees for the three months ended March 31, 2026 and 2025 were $18,942 and $14,076, respectively. MC Advisors elected to voluntarily waive $3,788 and zero of such base management fees for the three months ended March 31, 2026 and 2025, respectively.

The incentive fee consists of two parts. The first part is calculated and payable quarterly in arrears based on the Company's pre-incentive fee net investment income for the preceding quarter. Pre-incentive fee net investment income means interest income, dividend income and any other income (including any other fees such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies but excluding fees for providing managerial assistance) accrued during the calendar quarter, minus operating expenses for the quarter (including the base management fee), any expenses payable under the administration agreement (the "Administration Agreement") between the Company and MC Management and any interest expense and dividends paid on any outstanding preferred stock, but excluding the incentive fee. Pre-incentive fee net investment income will include, in the case of investments with a deferred interest feature such as market discount, debt instruments with PIK interest, preferred stock with PIK dividends and zero-coupon securities, accrued income that the Company has not yet received in cash. MC Advisors is not under any obligation to reimburse the Company for any part of the incentive fee it receives that was based on accrued interest that the Company never actually receives.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

Pre-incentive fee net investment income does not include any realized capital gains or losses or unrealized capital gains or losses. If any distributions from portfolio companies are characterized as a return of capital, such returns of capital would affect the capital gains incentive fee to the extent a gain or loss is realized. Because of the structure of the incentive fee, it is possible that the Company may pay an incentive fee in a quarter where it incurs a loss. For example, if the Company receives pre-incentive fee net investment income in excess of the hurdle rate (as defined below) for a quarter, the Company will pay the applicable incentive fee even if it has incurred a loss in that quarter due to realized and unrealized capital losses.

Pre-incentive fee net investment income, expressed as a rate of return on the value of the Company's net assets (defined as total assets less indebtedness and before taking into account any incentive fees payable during the period) at the end of the immediately preceding calendar quarter, is compared to a fixed "hurdle rate" of 1.50% per quarter (6% annually).

Prior to an Exchange Listing, the Company shall pay MC Advisors an incentive fee with respect to its pre-incentive fee net investment income in each calendar quarter as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no incentive fee in any calendar quarter in which the pre-incentive fee net investment income does not exceed the hurdle rate of 1.50% (6% annually);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 100% of the Company's pre-incentive fee net investment income with respect to that portion of such pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than 1.7143% (reduced from 1.76% pursuant to the fee waiver letter effective April 1, 2022) in any calendar quarter prior to an Exchange Listing or 1.88% in any calendar quarter following an Exchange Listing. This portion of the Company's pre-incentive fee net investment income is referred to as the "catch-up" provision; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• prior to an Exchange Listing, 12.5% of the amount of the Company's pre-incentive fee net investment income (a reduction from 15.0% of the amount of the Company's pre-incentive fee net income), if any, that exceeds 1.7143% (reduced from 1.76% pursuant to the fee waiver letter effective April 1, 2022) in any calendar quarter, and following an Exchange Listing, 20% of the amount of the Company's pre-incentive fee net investment income, if any, that exceeds 1.88% in any calendar quarter.

These calculations are appropriately prorated for any period of less than three months and adjusted for any share

issuances or repurchases during the current quarter.

The second part of the incentive fee is a capital gains incentive fee that is determined and payable in arrears as of the end of each fiscal year (or upon termination of the Amended Investment Advisory Agreement, as of the termination date), and equals 12.5% (reduced from 15.0% effective January 1, 2022 pursuant to the fee waiver letter) of the Company's realized capital gains as of the end of the fiscal year. In determining the capital gains incentive fee payable to MC Advisors, the Company calculates the cumulative aggregate realized capital gains and cumulative aggregate realized capital losses since the Company's inception, and the aggregate unrealized capital depreciation as of the date of the calculation, as applicable, with respect to each of the investments in the Company's portfolio. For this purpose, cumulative aggregate realized capital gains, if any, equals the sum of the differences between the net sales price of each investment, when sold, and the amortized cost of such investment. Cumulative aggregate realized capital losses equals the sum of the amounts by which the net sales price of each investment, when sold, is less than the amortized cost of such investment since the Company's inception. Aggregate unrealized capital depreciation equals the sum of the difference, if negative, between the valuation of each investment as of the applicable calculation date and the amortized cost of such investment. At the end of the applicable year, the amount of capital gains that will serve as the basis for the calculation of the capital gains incentive fee equals the cumulative aggregate realized capital gains less cumulative aggregate realized capital losses, less aggregate unrealized capital depreciation, with respect to the Company's portfolio of investments. If this number is positive at the end of such year, then the capital gains incentive fee for such year equals 12.5% of such amount, less the aggregate amount of any capital gains incentive fees paid in respect of the Company's portfolio in all prior years.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

While the Amended Investment Advisory Agreement with MC Advisors neither includes nor contemplates the inclusion of unrealized gains in the calculation of the capital gains incentive fee, pursuant to an interpretation of an American Institute for Certified Public Accountants Technical Practice Aid for investment companies, the Company includes unrealized gains in the calculation of the capital gains incentive fee expense and related accrued capital gains incentive fee. This accrual reflects the incentive fees that would be payable to MC Advisors if the Company's entire portfolio was liquidated at its fair value as of the balance sheet date even though MC Advisors is not entitled to an incentive fee with respect to unrealized gains unless and until such gains are actually realized.

The composition of the Company's incentive fees for the three months ended March 31, 2026 and 2025 was as follows:

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Part one incentive fees <sup>(1)</sup> | $9613 | $7089 |
| Part two incentive fees <sup>(2)</sup> |  | (803) |
| &nbsp;&nbsp;Total incentive fees | $9613 | $6286 |

---

_________________________________________

<sup>(1)</sup> Based on pre-incentive fee net investment income.

<sup>(2)</sup> Based upon net realized and unrealized gains and losses, or capital gains and losses. The Company accrues, but does not pay, a capital gains incentive fee in connection with any unrealized capital appreciation, as appropriate. If, on a cumulative basis, the sum of net realized gain (loss) plus net unrealized gain (loss) decreases during a period, the Company will reverse any excess capital gains incentive fee previously accrued such that the amount of capital gains incentive fee accrued is no more than 12.5% of the sum of net realized gain (loss) plus net unrealized gain (loss).

Under the Administration Agreement, the Company reimburses MC Management, subject to the review and approval of the Board, for its allocable portion of overhead and other expenses, including the costs of furnishing the Company with office facilities and equipment and providing clerical, bookkeeping, record-keeping and other administrative services at such facilities, and the Company's allocable portion of the cost of the chief financial officer and chief compliance officer and their respective staffs. To the extent that MC Management outsources any of its functions, the Company will pay the fees associated with such functions on a direct basis, without incremental profit, to MC Management. For the three months ended March 31, 2026 and 2025 the Company incurred $4,476 and $2,640, respectively, in administrative expenses (included within professional fees, administrative service fees and general and administrative expenses on the consolidated statements of operations) under the Administration Agreement, of which $1,548 and $962, respectively, was related to MC Management overhead and salary allocation and paid directly to MC Management. As of March 31, 2026 and December 31, 2025, $1,803 and $1,384, respectively, of expenses were due to MC Management under this agreement and are included in accounts payable and accrued expenses on the consolidated statements of assets and liabilities.

The Company has entered into a license agreement with Monroe Capital LLC under which Monroe Capital LLC has agreed to grant the Company a non-exclusive, royalty-free license to use the name "Monroe Capital" for specified purposes in its business. Under this agreement, the Company has the right to use the "Monroe Capital" name at no cost, subject to certain conditions, for so long as MC Advisors or one of its affiliates remains its investment adviser. Other than with respect to this limited license, the Company has no legal right to the "Monroe Capital" name or logo.

As of both March 31, 2026 and December 31, 2025, the Company had accounts payable to members of the Board of $37 and zero, respectively, representing accrued and unpaid fees for their services.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

*Asset Purchase Agreement:* On August 7, 2025, the Company entered into the Asset Purchase Agreement with MRCC and MC Advisors, the investment adviser to the Company and MRCC. Pursuant to the Asset Purchase Agreement on the Closing Date (as defined in the Asset Purchase Agreement) the Company agreed to acquire the investment assets of MRCC at fair value, as determined shortly before the Closing Date, for cash.

Following the Closing Date, MRCC will merge with and into Horizon Technology Finance Corporation ("HRZN"; NASDAQ: HRZN), subject to the receipt of certain shareholder approvals and the satisfaction of other closing conditions (the "Merger"). See Note 14 for discussion on the Asset Purchase and Merger.

The Asset Purchase Agreement contains certain representations, warranties and covenants of the parties that are customary for agreements of its type. Consummation of the Asset Purchase was subject to certain closing conditions, including (1) requisite approvals of MRCC stockholders, (2) the absence of certain legal impediments to the consummation of the Asset Purchase, (3) subject to certain exceptions, the accuracy of the representations and warranties and compliance with the covenants of each party to the Asset Purchase Agreement, (4) required regulatory approvals (including expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended), and (5) the satisfaction or waiver of the closing conditions in the merger agreement between MRCC and HRZN (other than the condition precedent with respect to the Asset Purchase).

Both the Asset Purchase and Merger are structured to comply with the safe harbor provision of Rule 17a-8 of the 1940 Act. The boards of directors of both MRCC and the Company, including each of their respective independent directors (in each case, on the recommendation of a special committee of each such board comprised solely of certain independent directors of the applicable board), have approved the Asset Purchase Agreement and the transactions contemplated therein.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

**Note 7. Borrowings**

In accordance with the 1940 Act, the Company is permitted to borrow amounts such that its asset coverage ratio, as defined in the 1940 Act, is at least 150% after such borrowing. As of March 31, 2026 and December 31, 2025, the Company's asset coverage ratio based on aggregate borrowings outstanding was 184% and 188%, respectively.

The Company's outstanding debt as of March 31, 2026 was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| | **Aggregate**<br>**Principal** <br>**Amount** <br>**Committed** <sup>(1)</sup> | **Principal**<br>**Amount**<br>**Outstanding** <sup>(2)</sup> | **Carrying Value** <sup>(3)</sup> | **Unamortized Debt Issuance Costs** |
| Revolving Credit Facility <sup>(4)</sup> | $845000 | $314751 | $307720 | $7031 |
| SPV Credit Facility | 575000 | 275000 | 269996 | 5004 |
| SPV II Credit Facility | 690000 | 690000 | 685760 | 4240 |
| SPV III Credit Facility | 200000 | 160000 | 158724 | 1276 |
| SPV IV Credit Facility | 400000 | 210200 | 205440 | 4760 |
| SPV V Credit Facility | 400000 | 200500 | 196083 | 4417 |
| 2022 ABS <sup>(5)</sup> | 214884 | 214884 | 214884 |  |
| 2023 ABS <sup>(6)</sup> | 209100 | 209100 | 207481 | 1619 |
| 2025 ABS <sup>(7)</sup> | 415000 | 415000 | 411974 | 3026 |
| July 2028 Notes | 42000 | 42000 | 41524 | 476 |
| November 2028 Notes | 100000 | 100000 | 99382 | 618 |
| December 2028 Notes | 100000 | 100000 | 99382 | 618 |
| July 2029 Notes | 156000 | 156000 | 155051 | 949 |
| September 2029 Notes | 48000 | 48000 | 47708 | 292 |
| July 2030 Notes | 161000 | 161000 | 159382 | 1618 |
| &nbsp;&nbsp;Total | $4555984 | $3296435 | $3260491 | $35944 |

---

_________________________________________

<sup>(1)</sup> Represents the total aggregate amount committed or outstanding, as applicable, under such instrument.

<sup>(2)</sup> As of March 31, 2026, the Company had unused availability across all borrowing facilities totaling $581,098.

<sup>(3)</sup> Represents the principal amount outstanding, less unamortized debt issuance costs.

<sup>(4)</sup> Principal amount outstanding includes borrowings denominated in foreign currencies converted at the period end exchange rate.

<sup>(5)</sup> As of March 31, 2026, the 2022 Class C Notes and 2022 Subordinated Notes (each as defined below) totaling $25,368 and $82,875, respectively, are excluded from the total aggregate principal amount committed/outstanding amount as these notes are eliminated in consolidation.

<sup>(6)</sup> As of March 31, 2026, the 2023 Subordinated Notes (as defined below) totaling $45,900 are excluded from the total aggregate principal amount committed/outstanding amount as these notes are eliminated in consolidation.

<sup>(7)</sup> As of March 31, 2026, the 2025 Subordinated Notes (as defined below) totaling $85,000 are excluded from the total aggregate principal amount committed/outstanding amount as these notes are eliminated in consolidation.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

The Company's outstanding debt as of December 31, 2025 was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| | **Aggregate**<br>**Principal** <br>**Amount** <br>**Committed** <sup>(1)</sup> | **Principal**<br>**Amount**<br>**Outstanding** <sup>(2)</sup> | **Carrying Value** <sup>(3)</sup> | **Unamortized Debt Issuance Costs** |
| Revolving Credit Facility <sup>(4)</sup> | $845000 | $634666 | $627266 | $7400 |
| SPV Credit Facility | 450000 | 100000 | 97515 | 2485 |
| SPV II Credit Facility | 690000 | 573000 | 568316 | 4684 |
| SPV III Credit Facility | 200000 | 150000 | 148568 | 1432 |
| SPV IV Credit Facility | 350000 | 175200 | 172753 | 2447 |
| SPV V Credit Facility | 250000 | 125500 | 123361 | 2139 |
| 2022 ABS <sup>(5)</sup> | 234697 | 234697 | 234697 |  |
| 2023 ABS <sup>(6)</sup> | 209100 | 209100 | 207239 | 1861 |
| 2025 ABS <sup>(7)</sup> | 415000 | 415000 | 411711 | 3289 |
| July 2028 Notes | 42000 | 42000 | 41476 | 524 |
| November 2028 Notes | 100000 | 100000 | 99324 | 676 |
| December 2028 Notes | 100000 | 100000 | 99324 | 676 |
| July 2029 Notes | 156000 | 156000 | 154981 | 1019 |
| September 2029 Notes | 48000 | 48000 | 47686 | 314 |
| July 2030 Notes | 161000 | 161000 | 159290 | 1710 |
| &nbsp;&nbsp;Total | 4250797 | 3224163 | 3193507 | 30656 |

---

_________________________________________

<sup>(1)</sup> Represents the total aggregate amount committed or outstanding, as applicable, under such instrument.

<sup>(2)</sup> As of December 31, 2025, the Company had unused availability across all borrowing facilities totaling $441,843.

<sup>(3)</sup> Represents the principal amount outstanding, less unamortized debt issuance costs.

<sup>(4)</sup> Principal amount outstanding includes borrowings denominated in foreign currencies converted at the period end exchange rate.

<sup>(5)</sup> As of December 31, 2025, the 2022 Class C Notes and 2022 Subordinated Notes (each as defined below) totaling $27,707 and $82,875, respectively, are excluded from the total aggregate principal amount committed/outstanding amount as these notes are eliminated in consolidation.

<sup>(6)</sup> As of December 31, 2025, the 2023 Subordinated Notes (as defined below) totaling $45,900 are excluded from the total aggregate principal amount committed/outstanding amount as these notes are eliminated in consolidation.

<sup>(7)</sup> As of December 31, 2025, the 2025 Subordinated Notes (as defined below) totaling $85,000 are excluded from the total aggregate principal amount committed/outstanding amount as these notes are eliminated in consolidation.

***Credit Facilities***

*Revolving Credit Facility*

On October 20, 2023, the Company entered into a senior secured revolving credit facility (the "Revolving Credit Facility") pursuant to a Senior Secured Revolving Credit Agreement (the "Revolving Credit Agreement"), as amended from time to time, with ING Capital, LLC, as administrative agent and joint lead arranger. The initial principal amount of the Revolving Credit Facility was $295,000, subject to availability under the borrowing base, which is based on the Company's portfolio investments and other outstanding indebtedness, with an accordion provision permitting increases to the total facility amount up to $800,000, subject to the satisfaction of certain conditions. Through various amendments to the Revolving Credit Agreement, the Company has increased the facility amount multiple times under the accordion and more recently through an amendment to $845,000 of aggregate commitments as of March 31, 2026.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

On November 25, 2025, the Company amended the Revolving Credit Facility to, among other things, (i) extend the expiration of the revolver availability period from October 31, 2028 to November 25, 2029, (ii) extend the stated maturity date from October 31, 2029 to November 25, 2030, (iii) increase the total facility size to an aggregate amount of $845,000, (iv) increase the maximum total facility amount contemplated by the accordion provision to permit increases to a total facility amount of up to $1,100,000, (v) reduce the applicable margin (a) with respect to any alternate base rate ("ABR") Loan (as described in the Revolving Credit agreement), from 1.25% to 1.00% per annum (b) with respect to any SOFR Loan, CORRA Loan, Eurocurrency Loan or Risk Free Rate ("RFR") Loan, from 2.25% to 2.00% per annum, (vi) remove the Rating Condition (as described in the Revolving Credit Agreement) on the applicable margin, (vii) increase the minimum obligors' net worth test, and (viii) reduced the unused commitment fee to (i) 0.50% per annum on any unused portion of the Revolving Credit Facility when the outstanding borrowings are less than or equal to 35% of the facility amount and (ii) 0.375% per annum on any unused portion of the Revolving Credit Facility when the outstanding borrowings are greater than 35% of the facility amount.

As of March 31, 2026 and December 31, 2025, the Company had outstanding U.S. dollar borrowings under the Revolving Credit Facility of $202,501 and $521,800, respectively, and non-U.S. dollar borrowings denominated in Australian dollars of AUD 40,000 ($27,601 in U.S. dollars) and AUD 40,000 ($26,694 in U.S. dollars), respectively, and Great Britain pounds of £40,000 ($52,909 in U.S. dollars) and £40,000 ($53,902 in U.S. dollars), respectively, and Euros of €27,472 ($31,740 in U.S. dollars) and €27,472 ($32,270 in U.S. dollars), respectively. The borrowings denominated in a foreign currency may be positively or negatively affected by movements in the rate of exchange between the U.S. dollar and the respective foreign currency. These movements are beyond the control of the Company and cannot be predicted. The borrowings denominated in foreign currency are translated into U.S. dollars based on the spot rate at each balance sheet date. The impact resulting from changes in foreign currency borrowings is included in net change in unrealized gain (loss) on foreign currency and other transactions on the Company's consolidated statements of operations and totaled $605 and $(2,758) for the three months ended March 31, 2026 and 2025, respectively.

After the November 25, 2025 amendment, advances under the Revolving Credit Facility initially bear interest at a per annum rate equal to, (a) in the case of any U.S. dollar advances, (i) 1.00% per annum plus an ABR (as described in the Revolving Credit Agreement) or (ii) 2.00% per annum plus Term SOFR, (b) in the case of any foreign currency advances (other than Pounds Sterling), 2.00% per annum plus the applicable benchmark rate and (c) in the case of any Pounds Sterling advances, 2.00% per annum plus the Daily Simple Risk Free Rate, in each case, depending on the nature of the advances being requested under the Revolving Credit Facility. As of March 31, 2026 and December 31, 2025, the outstanding borrowings were accruing at a weighted average interest rate of 5.7% and 5.8%, respectively.

Advances under the Revolving Credit Facility are subject to compliance with borrowing base requirements, pursuant to which the amount of funds advanced varies depending upon the types of assets in the Company's portfolio. Assets must meet certain criteria in order to be included in the borrowing base, and the borrowing base is subject to certain portfolio restrictions including investment size, sector concentrations and investment type.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

The Company's ability to borrow under the Revolving Credit Facility is subject to availability under the borrowing base, which permits the Company to borrow up to 72.5% of the fair market value of its portfolio company investments depending on the type of investment the Company holds and whether the investment is quoted. The Company's ability to borrow is also subject to certain concentration limits, and continued compliance with the representations, warranties and covenants given by the Company under the Revolving Credit Facility. The Revolving Credit Facility contains certain financial covenants, including, but not limited to, the Company's maintenance of: (1) minimum consolidated total net assets of the greater of (a) $500,000 and (b) an amount equal to the sum of (i) $1,063,400 plus (ii) an amount equal to 65% of the difference of (x) the net proceeds to the Company from sales of its equity securities during each quarter following October 31, 2024 and (y) the amount paid or distributed to purchase or redeem its common stock in connection with a tender offer during such quarter; (2) a ratio of total assets (less total liabilities other than indebtedness) to total indebtedness of not less than 1.5 to 1; (3) a senior debt coverage ratio of at least 2 to 1; and (4) minimum net worth equal to or greater than $600,000. The Revolving Credit Facility also requires the Company to undertake customary indemnification obligations with respect to ING Capital LLC and other members of the lending group and to reimburse the lenders for expenses associated with entering into the Revolving Credit Facility. The Revolving Credit Facility also has customary provisions regarding events of default, including events of default for nonpayment, change in control transactions, failure to comply with financial and negative covenants, and failure to maintain the Company's relationship with MC Advisors. If the Company incurs an event of default under the Revolving Credit Facility and fails to remedy such default under any applicable grace period, if any, then the entire Revolving Credit Facility could become immediately due and payable, which would materially and adversely affect the Company's liquidity, financial condition, results of operations and cash flows.

The Revolving Credit Facility also imposes certain conditions that may limit the amount of the Company's distributions to stockholders. Distributions payable in the Company's common stock under the DRIP are not limited by the Revolving Credit Facility. Distributions in cash or property other than common stock are generally limited to 115% of the amount of distributions required to maintain the Company's status as a RIC.

The Revolving Credit Facility is guaranteed by certain subsidiary guarantors (primarily the Taxable Subsidiaries). Proceeds of the Revolving Credit Facility may be used for general corporate purposes, including, without limitation, making distributions, contributions and investments and for such other uses as permitted under the Revolving Credit Agreement.

The period during which the Company may borrow under the Revolving Credit Facility expires on November 25, 2029, and the Revolving Credit Facility will mature and all amounts outstanding thereunder must be repaid by November 25, 2030. The Revolving Credit Facility is secured by a perfected first-priority interest in substantially all of the portfolio investments held by the Company and the subsidiary guarantors, subject to certain exceptions.

As of March 31, 2026 and December 31, 2025, the Company was in compliance with all covenants and other requirements of the Revolving Credit Agreement.

***SPV Credit Facilities***

*SPV Credit Facility*

The Company has a $575,000 SPV Credit Facility, as amended from time to time, with KeyBank National Association, as agent, through the Company's wholly-owned subsidiary, the SPV. The Company's ability to borrow under the SPV Credit Facility is subject to certain financial and restrictive covenants as well as availability under the borrowing base, which permits the Company to borrow up to 72% of the principal balance of its portfolio company investments depending on the type of investment, subject to a maximum advance rate on the portfolio of 67%. On February 10, 2026, the Company entered into an amendment to the SPV Credit Facility to, among other things, (i) increase the total facility amount from an aggregate amount of $450,000 to an aggregate amount of $575,000; (ii) increase the maximum total facility amount contemplated by the accordion provision to permit increases to a total facility amount of up to $1,000,000; (iii) reduce the applicable interest rate to borrowings under the agreement by 0.50% per annum; (iv) extend the reinvestment period to February 10, 2029; (v) extend the maturity date to February 10, 2031; and (vi) reduced the unused commitment fee to 0.35% per annum on any unused portion of the SPV Credit Facility.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

Distributions from the SPV to the Company are limited by the terms of the SPV Credit Facility, which generally allows for the distribution of net interest income pursuant to a waterfall quarterly during the reinvestment period. As of March 31, 2026 and December 31, 2025, the fair value of investments of the Company that were held in the SPV as collateral for the SPV Credit Facility was $654,765 and $583,700, respectively, and these investments are identified on the accompanying consolidated schedules of investments.

After the February 10, 2026 amendment, and during the reinvestment period, borrowings under the SPV Credit Facility bear interest at an annual rate of SOFR (one or three month, at the SPV's option and subject to a SOFR minimum of 0.50%) plus a margin ranging from 1.90% to a maximum of 2.20%, depending on the level of utilization of the facility and the number of obligors of eligible loans pledged as collateral in the SPV. After the reinvestment period, borrowings under the SPV Credit Facility bear interest at an annual rate of SOFR plus 2.50%. In addition to the stated interest rate on borrowings, the SPV is required to pay an unused commitment fee of 0.35% per annum on any unused portion of the SPV Credit Facility. As of March 31, 2026 and December 31, 2025, the outstanding borrowings were accruing at a weighted average interest rate of 5.6% and 6.3%, respectively.

Borrowings under the SPV Credit Facility remain subject to the leverage restrictions contained in the 1940 Act.

As of March 31, 2026 and December 31, 2025, the Company and SPV were in compliance with all covenants and other requirements of the agreement governing the SPV Credit Facility.

*SPV II Credit Facility* 

On December 20, 2022, the Company entered into the SPV II Credit Facility with KeyBank National Association, as lead arranger and administrative agent, through a special purpose wholly-owned subsidiary, SPV II. The SPV II Credit Facility initially allowed SPV II to borrow an aggregate principal amount of $100,000, and included an accordion feature, which allowed the Company, under certain circumstances, to increase the total size of the facility upon request to the administrative agent and with the consent of one or more increasing or additional lenders. On August 6, 2025, the Company entered into an amendment (the "SPV II Amendment") to the SPV II Credit Facility. The SPV II Amendment amended the SPV II Credit Facility to, among other things, (i) increase the total facility amount to up to $690,000; (ii) add an unused fee rate of 0.35%; (iii) implement a reinvestment period through August 6, 2027; (iv) extend the maturity date to August 6, 2028; and (v) reduce the applicable interest rate from SOFR plus 2.40% to SOFR plus 2.05% per annum during the reinvestment period and SOFR plus 3.25% per annum after the reinvestment period. As of March 31, 2026 and December 31, 2025, the fair value of the Company's investments held in SPV II as collateral for the SPV II Credit Facility was $979,870 and $918,299, respectively, and these investments are identified on the accompanying consolidated schedules of investments.

Borrowings under the SPV II Credit Facility bear interest at Adjusted Term SOFR (subject to a SOFR minimum of 0.50%) plus an applicable margin rate of 2.05% per annum during the reinvestment period, and 3.25% per annum after the reinvestment period. The SPV II Credit Facility matures on August 6, 2028, unless sooner terminated in accordance with its terms. As of March 31, 2026 and December 31, 2025, the outstanding borrowings were accruing at a weighted average interest rate of 5.7% and 5.9%, respectively.

Under the terms of the SPV II Credit Facility, pursuant to a monthly waterfall and subject to the satisfaction of certain coverage tests and portfolio quality tests, SPV II is permitted to reinvest principal proceeds during the reinvestment period. During the amortization period, pursuant to a monthly waterfall, principal proceeds must be applied to prepay the SPV II Credit Facility. The SPV II Credit Facility contains representations and warranties and affirmative and negative covenants customary for secured financings of this type. The SPV II Credit Facility also contains customary events of default (subject to certain grace periods, as applicable), including but not limited to the nonpayment of principal, interest or fees, breach of covenants, voluntary or involuntary bankruptcy proceedings and change of control of the borrower.

Borrowings under the SPV II Credit Facility remain subject to the leverage restrictions contained in the 1940 Act.

As of March 31, 2026 and December 31, 2025, the Company and SPV II were in compliance with all covenants and other requirements of the agreement governing the SPV II Credit Facility.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

*SPV III Credit Facility*

On March 28, 2024, the Company entered into the SPV III Credit Facility with Goldman Sachs Bank USA, as administrative agent, through a special purpose wholly-owned subsidiary, SPV III. The SPV III Credit Facility initially allowed the Company, through SPV III, to borrow an aggregate principal amount of $100,000, and includes an accordion feature which allows the Company, under certain circumstances, to increase the total size of the facility to $250,000 upon request to the administrative agent and with consent of the lenders. On March 7, 2025, the Company amended the SPV III Credit Facility to increase the facility amount to $200,000. The Company's ability to borrow under the SPV III Credit Facility is subject to certain financial and restrictive covenants as well as availability under the borrowing base, which permits the Company to borrow up to 70% of the principal balance of its portfolio company investments, depending on the type of investment. Under the terms of the SPV III Credit Facility, the SPV III is permitted to reinvest available cash and make new borrowings under the SPV III Credit Facility through April 5, 2027. The maturity date of the SPV III Credit Facility is April 5, 2029, unless sooner terminated in accordance with its terms. As of March 31, 2026 and December 31, 2025, the fair value of investments of the Company that were held in the SPV III as collateral for the SPV III Credit Facility was $353,007 and $266,769, respectively, and these investments are identified on the accompanying consolidated schedules of investments.

Borrowings under the SPV III Credit Facility bear interest at Adjusted Term SOFR (subject to a SOFR minimum of 1.00%) plus an applicable margin rate of 1.95% per annum. In addition to the stated interest rate on borrowings, the SPV III is required to pay an unused commitment fee of (i) 0.75% per annum on any unused portion of the SPV III Credit Facility through September 5, 2024 and (ii) 0.50% per annum on any unused portion of the SPV III Credit Facility after September 5, 2024. As of March 31, 2026 and December 31, 2025, the outstanding borrowings were accruing at a weighted average interest rate of 5.6% and 5.7%, respectively.

Borrowings under the SPV III Credit Facility remain subject to the leverage restrictions contained in the 1940 Act.

As of March 31, 2026 and December 31, 2025, the Company and SPV III were in compliance with all covenants and other requirements of the agreement governing the SPV III Credit Facility.

*SPV IV Credit Facility* 

On July 11, 2024, the Company entered into the SPV IV Credit Facility with Capital One, National Association ("CONA") as administrative agent, as amended from time to time, through a special purpose wholly-owned subsidiary, SPV IV.

The SPV IV Credit Facility initially allowed the Company, through SPV IV, to borrow an aggregate principal amount of up to $350,000 and included an accordion feature which allowed the Company, under certain circumstances, to increase the total size of the facility to $450,000 upon request to the administrative agent and with consent of the lenders. On March 17, 2026, the Company entered into an amendment to the SPV IV Credit Facility to, among other things, (i) increase the total facility amount to up to $400,000; (ii) increase the maximum total facility amount contemplated by the accordion provision to permit increases to a total facility amount of up to $500,000; (iii) reduce the applicable interest rate to borrowings under the agreement by 0.30% per annum; (iv) extend the end date of the reinvestment period from July 11, 2027 to March 17, 2029; (v) and extend the maturity date from July 11, 2029 to March 17, 2031.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

Under the terms of the SPV IV Credit Facility, as amended from time to time, SPV IV is permitted to reinvest available cash and make new borrowings under the SPV IV Credit Facility through March 17, 2029. The SPV IV Credit Facility matures on March 17, 2031, unless terminated earlier at the election of the Company, subject to the payment of a customary prepayment fee, or at the election of the administrative agent following the occurrence of an event of default thereunder. Borrowings under the SPV IV Credit Facility bear interest at SOFR plus an applicable margin rate of 1.85% per annum. Advances under the SPV IV Credit Facility are subject to availability governed by a borrowing base comprised of eligible loan assets, which receive advance rates under the SPV IV Credit Facility of up to 75%. Undrawn capacity under the SPV IV Credit Facility is subject to a non-usage fee of between 0.25% and 0.75% per annum on such undrawn capacity, depending on the level of usage of the SPV IV Credit Facility. As of March 31, 2026 and December 31, 2025, the fair value of investments of the Company that were held in SPV IV as collateral for the SPV IV Credit Facility was $445,962 and $399,458, respectively, and these investments are identified on the accompanying consolidated schedules of investments.

The SPV IV Credit Facility contains representations and warranties and affirmative and negative covenants customary for secured financings of this type. The SPV IV Credit Facility also contains customary events of default (subject to certain grace periods, as applicable), including but not limited to the nonpayment of principal, interest or fees; breach of covenants; voluntary or involuntary bankruptcy proceedings; and change of control of SPV IV. As of March 31, 2026 and December 31, 2025, the outstanding borrowings were accruing at a weighted average interest rate of 5.5% and 5.9%, respectively.

Borrowings under the SPV IV Credit Facility remain subject to the leverage restrictions contained in the 1940 Act.

As of March 31, 2026 and December 31, 2025, the Company and SPV IV were in compliance with all covenants and other requirements of the agreement governing the SPV IV Credit Facility.

*SPV V Credit Facility* 

On February 21, 2025, the Company entered the SPV V Credit Facility with CONA as administrative agent, through a special purpose wholly-owned subsidiary, SPV V.

The SPV V Credit Facility initially allowed the Company, through SPV V, to borrow an aggregate principal amount of up to $250,000 and included an accordion feature which allowed the Company, under certain circumstances, to increase the total size of the facility to $350,000 upon request to the administrative agent and with consent of the lenders. On March 17, 2026, the Company entered into an amendment to the SPV V Credit Facility to, among other things, (i) increase the total facility amount to up to $400,000; (ii) increase the maximum total facility amount contemplated by the accordion provision to permit increases to a total facility amount of up to $500,000; (iii) reduce the applicable interest rate to borrowings under the agreement by 0.30% per annum; (iv) extend the end date of the reinvestment period from February 21, 2028 to March 17, 2029; (v) and extend the maturity date from February 21, 2030 to March 17, 2031.

Under the terms of the SPV V Credit Facility, as amended from time to time, SPV V is permitted to reinvest available cash and make new borrowings under the SPV V Credit Facility through March 17, 2029. The SPV V Credit Facility matures on March 17, 2031, unless terminated earlier at the Company's election, subject to the payment of a customary prepayment fee, or at the election of CONA following the occurrence of an event of default thereunder. Borrowings under the SPV V Credit Facility bear interest at SOFR plus an applicable margin rate of 1.85% per annum. Advances under the SPV V Credit Facility are subject to availability governed by a borrowing base comprised of eligible loan assets, which receive advance rates under the SPV V Credit Facility of up to 75%. Undrawn capacity under the SPV V Credit Facility is subject to a non-usage fee of between 0.25% and 0.75% per annum on such undrawn capacity, depending on the level of usage of the SPV V Credit Facility. As of March 31, 2026 and December 31, 2025, the fair value of investments of the Company that were held in SPV V as collateral for the SPV V Credit Facility was $385,672 and $301,767, respectively, and these investments are identified on the accompanying consolidated schedules of investments.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

The SPV V Credit Facility contains representations and warranties and affirmative and negative covenants customary for secured financings of this type. The SPV V Credit Facility also contains customary events of default (subject to certain grace periods, as applicable), including but not limited to the nonpayment of principal, interest or fees; breach of covenants; voluntary or involuntary bankruptcy proceedings; and change of control of SPV V. As of March 31, 2026 and December 31, 2025, the outstanding borrowings were accruing at a weighted average interest rate of 5.5% and 5.8%, respectively.

Borrowings under the SPV V Credit Facility remain subject to the leverage restrictions contained in the 1940 Act.

As of March 31, 2026 and December 31, 2025, the Company and SPV V were in compliance with all covenants and other requirements of the agreement governing the SPV V Credit Facility.

***Asset-Backed Securitizations***

*2022 Asset-Backed Securitization*

On April 7, 2022, the Company completed a $425,000 asset-backed securitization (the "2022 ABS"). The notes offered in the 2022 ABS were issued by the 2022 Issuer, a wholly-owned subsidiary of the Company, and are secured by a diversified portfolio of senior secured loans. The transaction was executed through a private placement of $261,375 of Class A Senior Secured Notes, which bear interest at 4.05% (the "2022 Class A Notes"), $44,625 of Class B Senior Secured Notes, which bear interest at 5.15% (the "2022 Class B Notes") and $36,125 of Class C Senior Secured Notes, which bear interest at 7.75% (the "2022 Class C Notes" and collectively with the 2022 Class A Notes and the 2022 Class B Notes, the "2022 Secured Notes") and $82,875 of Subordinated Notes, which do not bear interest (the "2022 Subordinated Notes" and, together with the 2022 Secured Notes, the "2022 Notes"). The Company retained all of the 2022 Class C Notes and the 2022 Subordinated Notes. The 2022 Class A Notes and the 2022 Class B Notes are included as debt on the Company's consolidated statements of assets and liabilities. As of both March 31, 2026 and December 31, 2025, the 2022 Class C Notes and the 2022 Subordinated Notes were eliminated in consolidation.

Through April 22, 2024, the 2022 Issuer was permitted to use all principal collections received on the underlying collateral to purchase new collateral under the direction of MC Advisors, in its capacity as collateral manager of the 2022 Issuer, in accordance with the Company's investment strategy and subject to customary conditions set forth in the documents governing the 2022 ABS, allowing the Company to maintain the initial leverage in the 2022 ABS. Subsequent to April 22, 2024, the 2022 ABS is required to use principal collections repay the 2022 Notes. The 2022 Notes are due on April 30, 2032.

As of March 31, 2026 and December 31, 2025, the fair value of investments of the Company that were held in the 2022 Issuer as collateral was $286,256 and $312,260, respectively, and these investments are identified on the consolidated schedule of investments. As of both March 31, 2026 and December 31, 2025, the 2022 Class A Notes were accruing at a weighted average interest rate of 4.1%. As of both March 31, 2026 and December 31, 2025, the 2022 Class B Notes were accruing at a weighted average interest rate of 5.2%.

Distributions from the 2022 Issuer to the Company are limited by the terms of the indenture governing the 2022 ABS, which generally allows for the payment of interest on the 2022 Secured Notes and the distribution of remaining net interest income to the holders of the 2022 Subordinated Notes pursuant to a waterfall quarterly during the reinvestment period.

As of March 31, 2026 and December 31, 2025, the Company and the 2022 Issuer were in compliance with covenants and requirements of the indenture and loan agreement governing the 2022 ABS.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

*2023 Asset-Backed Securitization*

On September 15, 2023, the Company completed a $251,169 asset-backed securitization (the "2023 ABS"). The notes offered in the 2023 ABS were executed through a private placement and were issued by the 2023 Issuer, a wholly-owned subsidiary of the Company, and were secured by a diversified portfolio of middle market loans and recurring revenue loans. Through November 20, 2024, the 2023 ABS consisted of $160,750 of Class A Senior Secured Notes, which bore interest at Term SOFR plus 3.50% (the "2023 Class A Notes"), $25,100 of Class B Senior Secured Notes, which bore interest at 11.16% (the "2023 Class B Notes" and collectively with the 2023 Class A Notes, the "2023 Secured Notes") and $65,319 of Subordinated Notes, which do not bear interest (the "2023 Subordinated Notes" and, together with the 2023 Secured Notes, the "2023 Notes").

On November 21, 2024, the Company and the 2023 Issuer amended the 2023 ABS to, among other things, (a) refinance the issued 2023 Class A Notes by redeeming in full the $160,750 of 2023 Class A Notes and issuing new Class A Senior Secured Notes in an aggregate principal amount of $163,200 which bear interest at Term SOFR plus 2.35% (the "2023 Class A-R Notes"), (b) refinance the issued 2023 Class B Notes by redeeming in full the $25,100 of 2023 Class B Notes and issuing new Class B Senior Secured Notes in an aggregate principal amount of $25,500 which bear interest at 8.81% (the "2023 Class B-R Notes"), (c) issue new Class C Senior Secured Notes in an aggregate principal amount of $20,400 which bear interest at 11.95% (the "2023 Class C-R Notes" and collectively with the 2023 Class A-R Notes and 2023 Class B-R Notes, the "2023-R Secured Notes"), (d) reduce the outstanding principal balance of the 2023 Subordinated Notes from $65,319 to $45,900, and (e) extend the maturity dates of the 2023-R Secured Notes and the 2023 Subordinated Notes to November 22, 2035 (the Subordinated Notes, together with the 2023-R Secured Notes, the "2023-R Notes"). The 2023-R Secured Notes were issued through a private placement and the Company continued to retain all of the 2023 Subordinated Notes for the purpose of satisfying the risk retention requirements pursuant to a subordinated note purchase agreement entered into as of the original closing date. The 2023 Secured Notes and the 2023-R Secured Notes are included as debt on the consolidated statements of assets and liabilities. As of both March 31, 2026 and December 31, 2025, the 2023 Subordinated Notes were eliminated in consolidation.

As of March 31, 2026 and December 31, 2025, the 2023 Class A-R Notes were accruing at a weighted average interest rate of 6.0% and 6.2%, respectively. As of both March 31, 2026 and December 31, 2025, the 2023 Class B-R Notes were accruing at a weighted average interest rate of 8.8%. As of both March 31, 2026 and December 31, 2025, the 2023 Class C-R Notes were accruing at a weighted average interest rate of 12.0%.

Through November 21, 2026, the 2023 Issuer is permitted to use all principal collections received on the underlying collateral to purchase new collateral under the direction of MC Advisors, in its capacity as collateral manager of the 2023 Issuer, in accordance with the Company's investment strategy and subject to customary conditions set forth in the documents governing the 2023 ABS, allowing the Company to maintain the initial leverage in the 2023 ABS. The 2023 Notes are due on November 22, 2035.

As of March 31, 2026 and December 31, 2025, the fair value of investments of the Company that were held in the 2023 Issuer as collateral was $250,980 and $252,049, respectively, and these investments are identified on the consolidated schedule of investments.

Distributions from the 2023 Issuer to the Company are limited by the terms of the indenture governing the 2023 ABS, which generally allows for the payment of interest on the 2023 Secured Notes and the distribution of remaining net interest income to the holders of the 2023 Subordinated Notes pursuant to a waterfall quarterly during the reinvestment period.

As of March 31, 2026 and December 31, 2025, the Company and the 2023 Issuer were in compliance with all covenants and other requirements of the indenture and loan agreement governing the 2023 ABS.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

*2025 Asset-Backed Securitization*

On December 18, 2025, the Company completed a $500,000 asset-backed securitization (the "2025 ABS"). The notes offered in the 2025 ABS were executed through a private placement and were issued by the 2025 Issuer, a wholly-owned subsidiary of the Company, and were secured by a diversified portfolio of middle market loans and recurring revenue loans. The transaction was executed through a private placement of $320,000 of Class A Senior Secured Notes, which bear interest at Term SOFR plus 2.00% (the "2025 Class A Notes"), $55,000 of Class B Senior Secured Notes, which bear interest at Term SOFR plus 4.00% (the "2025 Class B Notes"), $40,000 of Class C Senior Secured Notes, which bear interest at Term SOFR plus 7.00% (the "2025 Class C Notes" and collectively with the "2025 Class A Notes" and "2025 Class B Notes", the "2025 Secured Notes") and $85,000 of Subordinated Notes, which do not bear interest (the "2025 Subordinated Notes" and, together with the 2025 Secured Notes, the "2025 Notes"). The Company retained all of the 2025 Subordinated Notes. The 2025 Notes were retained for the purpose of satisfying the risk retention requirements pursuant to a subordinated note purchase agreement entered into as of the Closing Date. The 2025 Secured Notes are included as debt on the accompanying consolidated statements of assets and liabilities. As of March 31, 2026 and December 31, 2025, the 2025 Subordinated Notes were eliminated in consolidation.

As of both March 31, 2026 and December 31, 2025, the 2025 Class A Notes were accruing at a weighted average interest rate of 5.7%. As of both March 31, 2026 and December 31, 2025, the 2025 Class B Notes were accruing at a weighted average interest rate of 7.7%. As of both March 31, 2026 and December 31, 2025, the 2025 Class C Notes were accruing at a weighted average interest rate of 10.7%.

Through December 18, 2027, the 2025 Issuer is permitted to use all principal collections received on the underlying collateral to purchase new collateral under the direction of MC Advisors, in its capacity as collateral manager of the 2025 Issuer, in accordance with the Company's investment strategy and subject to customary conditions set forth in the documents governing the 2025 ABS, allowing the Company to maintain the initial leverage in the 2025 ABS. The 2025 Notes are due on December 18, 2035.

As of March 31, 2026 and December 31, 2025, the fair value of investments of the Company that were held in the 2025 Issuer as collateral was $486,828 and $486,775, respectively, and these investments are identified on the consolidated schedule of investments.

Distributions from the 2025 Issuer to the Company are limited by the terms of the indenture governing the 2025 ABS, which generally allows for the payment of interest on the 2025 Secured Notes and the distribution of remaining net interest income to the holders of the 2025 Subordinated Notes pursuant to a waterfall quarterly during the reinvestment period.

As of March 31, 2026 and December 31, 2025, the Company and the 2025 Issuer were in compliance with all covenants and other requirements of the indenture and loan agreement governing the 2025 ABS.

***Unsecured Notes***

The Company issued unsecured notes, as further described below: July 2028 Notes, November 2028 Notes, December 2028 Notes, July 2029 Notes, September 2029 Notes and July 2030 Notes (each as defined below), which are collectively referred to herein as the "Unsecured Notes."

As of March 31, 2026 and December 31, 2025, the Company was in compliance with all covenants and other requirements of the respective note purchase agreements governing each of the Unsecured Notes.

*July 2028 Notes*

On July 10, 2025, the Company entered into a Note Purchase Agreement (the "July 2028 Note Purchase Agreement") governing the issuance of $42,000 in aggregate principal amount of unsecured notes (the "July 2028 Notes"), due July 10, 2028, with a fixed interest rate of 6.20% per year, to institutional accredited investors (as defined in Regulation D under the Securities Act) in a private placement. The closing for the July 2028 Notes occurred on July 10, 2025. The July 2028 Notes are guaranteed by various subsidiaries of the Company.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

Interest on the July 2028 Notes is due semiannually on May 15 and November 15 each year, beginning on November 15, 2025. The July 2028 Notes may be redeemed in whole or in part at any time or from time to time at the Company's option, upon notice, in an amount not less than 10% of the aggregate principal amount of July 2028 Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the Prepayment Settlement Amount (as defined in the July 2028 Note Purchase Agreement) applicable to July 2028 Notes determined for the prepayment date with respect to such principal amount. In addition, the Company is obligated to offer to prepay 100% of the principal amount of July 2028 Notes, together with interest on such July 2028 Notes accrued to, but excluding, the date of prepayment. The July 2028 Notes are general unsecured obligations of the company that rank pari passu with all outstanding and future unsecured unsubordinated indebtedness issued by the Company. As of both March 31, 2026 and December 31, 2025, the Company had $42,000 in aggregate principal amount of July 2028 Notes outstanding.

The July 2028 Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants such as information reporting, maintenance of the Company's regulation as a business development company within the meaning of the 1940 Act and as a regulated investment company under the Code, a minimum net worth of the greater of (A) $500,000 and (B) an amount equal to the sum of (i) $1,063,400 plus (ii) an amount equal to 65% of the difference, of (x) the aggregate net proceeds of all sales of Equity Interests (as defined in the July 2028 Note Purchase Agreement) by the Company and its subsidiaries during each quarter after October 29, 2024 (other than the proceeds of sales of Equity Interests by and among the Company and its subsidiaries) and (y) the amount paid or distributed by the Company to purchase or redeem its shares of common stock in connection with a tender offer during such quarter and a minimum asset coverage ratio of 1.50 to 1.00.

In addition, in the event that a Below Investment Grade Event (as defined in the July 2028 Note Purchase Agreement) occurs, the July 2028 Notes will bear interest at a fixed rate per annum which is 1.00% above the stated rate of the July 2028 Notes from the date of the occurrence of the Below Investment Grade Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that a Secured Debt Ratio Event (as defined in the July 2028 Note Purchase Agreement) occurs, the July 2028 Notes will bear interest at a fixed rate per annum which is 1.50% above the stated rate of the July 2028 Notes from the date of the occurrence of the Secured Debt Ratio Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that both a Below Investment Grade Event and a Secured Debt Ratio Event have occurred and are continuing, the July 2028 Notes will bear interest at a fixed rate per annum which is 2.00% above the stated rate of the July 2028 Notes from the date of the occurrence of the later to occur of the Below Investment Grade Event and the Secured Debt Ratio Event to and until the date on which one of such events is no longer continuing.

The July 2028 Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults or cross-acceleration under other indebtedness of the Company, certain judgments and orders and certain events of bankruptcy.

The July 2028 Notes were offered in reliance on Section 4(a)(2) of the Securities Act. The July 2028 Notes have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, as applicable.

As of both March 31, 2026 and December 31, 2025, the July 2028 Notes were accruing at a weighted average interest rate of 6.2%.

*November 2028 Notes*

On November 15, 2023, the Company entered into a note purchase agreement (the "November 2028 Note Purchase Agreement") governing the issuance of $100,000 in aggregate principal amount of unsecured notes (the "November 2028 Notes"), due November 15, 2028, with a fixed interest rate of 9.42% per year, to institutional accredited investors (as defined in Regulation D under the Securities Act of 1933, as amended (the "Securities Act") in a private placement. The closing for the November 2028 Notes occurred on November 15, 2023. The November 2028 Notes are guaranteed by various subsidiaries of the Company.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

Interest on the November 2028 Notes is due semiannually on May 15 and November 15 each year, beginning on May 15, 2024. The November 2028 Notes may be redeemed in whole or in part at any time or from time to time at the Company's option at par plus accrued interest to the prepayment date and, if applicable, a make-whole premium. In addition, the Company is obligated to offer to prepay the November 2028 Notes at par plus accrued and unpaid interest up to, but excluding, the date of prepayment, if certain change in control events occur. The November 2028 Notes are general unsecured obligations of the Company that rank pari passu with all outstanding and future unsecured unsubordinated indebtedness issued by the Company. As of both March 31, 2026 and December 31, 2025, the Company had $100,000 in aggregate principal amount of November 2028 Notes outstanding.

The November 2028 Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants such as information reporting, maintenance of the Company's regulation as a business development company within the meaning of the 1940 Act and as a regulated investment company under the Code, as amended, a minimum net worth of $660,865 and a minimum asset coverage ratio of 1.50 to 1.00.

In addition, in the event that a Below Investment Grade Event (as defined in the November 2028 Note Purchase Agreement) occurs, the November 2028 Notes will bear interest at a fixed rate per annum which is 1.00% above the stated rate of the November 2028 Notes from the date of the occurrence of the Below Investment Grade Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that a Secured Debt Ratio Event (as defined in the November 2028 Note Purchase Agreement) occurs, the November 2028 Notes will bear interest at a fixed rate per annum which is 1.50% above the stated rate of the November 2028 Notes from the date of the occurrence of the Secured Debt Ratio Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that both a Below Investment Grade Event and a Secured Debt Ratio Event have occurred and are continuing, the November 2028 Notes will bear interest at a fixed rate per annum which is 2.00% above the stated rate of the November 2028 Notes from the date of the occurrence of the later to occur of the Below Investment Grade Event and the Secured Debt Ratio Event to and until the date on which one of such events is no longer continuing.

The November 2028 Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults or cross-acceleration under other indebtedness of the Company, certain judgments and orders and certain events of bankruptcy.

The November 2028 Notes were offered in reliance on Section 4(a)(2) of the Securities Act. The November 2028 Notes have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, as applicable.

As of both March 31, 2026 and December 31, 2025, the November 2028 Notes were accruing at a weighted average interest rate of 9.4%.

*December 2028 Notes*

On November 15, 2023, the Company entered into a note purchase agreement (the "December 2028 Note Purchase Agreement") governing the issuance of $100,000 in aggregate principal amount of unsecured notes (the "December 2028 Notes"), due December 13, 2028, with a fixed interest rate of 9.42% per year, to institutional accredited investors (as defined in Regulation D under the Securities Act of 1933, as amended (the "Securities Act") in a private placement. The closing for the December 2028 Notes occurred on December 13, 2023. The December 2028 Notes are guaranteed by various subsidiaries of the Company.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

Interest on the December 2028 Notes is due semiannually on May 15 and November 15 each year, beginning on May 15, 2024. The December 2028 Notes may be redeemed in whole or in part at any time or from time to time at the Company's option at par plus accrued interest to the prepayment date and, if applicable, a make-whole premium. In addition, the Company is obligated to offer to prepay the December 2028 Notes at par plus accrued and unpaid interest up to, but excluding, the date of prepayment, if certain change in control events occur. The December 2028 Notes are general unsecured obligations of the Company that rank pari passu with all outstanding and future unsecured unsubordinated indebtedness issued by the Company. As of both March 31, 2026 and December 31, 2025, the Company had $100,000 in aggregate principal amount of December 2028 Notes outstanding.

The December 2028 Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants such as information reporting, maintenance of the Company's regulation as a business development company within the meaning of the 1940 Act and as a regulated investment company under the Code, as amended, a minimum net worth of $660,865 and a minimum asset coverage ratio of 1.50 to 1.00.

In addition, in the event that a Below Investment Grade Event (as defined in the December 2028 Note Purchase Agreement) occurs, the December 2028 Notes will bear interest at a fixed rate per annum which is 1.00% above the stated rate of the December 2028 Notes from the date of the occurrence of the Below Investment Grade Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that a Secured Debt Ratio Event (as defined in the December 2028 Note Purchase Agreement) occurs, the December 2028 Notes will bear interest at a fixed rate per annum which is 1.50% above the stated rate of the December 2028 Notes from the date of the occurrence of the Secured Debt Ratio Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that both a Below Investment Grade Event and a Secured Debt Ratio Event have occurred and are continuing, the December 2028 Notes will bear interest at a fixed rate per annum which is 2.00% above the stated rate of the December 2028 Notes from the date of the occurrence of the later to occur of the Below Investment Grade Event and the Secured Debt Ratio Event to and until the date on which one of such events is no longer continuing.

The December 2028 Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults or cross-acceleration under other indebtedness of the Company, certain judgments and orders and certain events of bankruptcy.

The December 2028 Notes were offered in reliance on Section 4(a)(2) of the Securities Act. The December 2028 Notes have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, as applicable.

As of both March 31, 2026 and December 31, 2025, the December 2028 Notes were accruing at a weighted average interest rate of 9.4%.

*July 2029 Notes*

On July 24, 2024, the Company entered into a note purchase agreement (the "July 2029 Note Purchase Agreement") governing the issuance of $156,000 in aggregate principal amount of unsecured notes (the "July 2029 Notes"), due July 24, 2029, with a fixed interest rate of 7.47% per year, to institutional accredited investors (as defined in Regulation D under the Securities Act) in a private placement. The closing for the July 2029 Notes occurred on July 24, 2024. The July 2029 Notes are guaranteed by various subsidiaries of the Company.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

Interest on the July 2029 Notes is due semiannually on May 15 and November 15 each year, beginning on November 15, 2024. The July 2029 Notes may be redeemed in whole or in part at any time or from time to time at the Company's option, upon notice, in an amount not less than 10% of the aggregate principal amount of July 2029 Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the Prepayment Settlement Amount (as defined in the July 2029 Note Purchase Agreement) applicable to July 2029 Notes determined for the prepayment date with respect to such principal amount. In addition, the Company is obligated to offer to prepay 100% of the principal amount of July 2029 Notes, together with interest on such July 2029 Notes accrued to, but excluding, the date of prepayment. The July 2029 Notes are general unsecured obligations of the Company that rank pari passu with all outstanding and future unsecured unsubordinated indebtedness issued by the Company. As of both March 31, 2026 and December 31, 2025, the Company had $156,000 in aggregate principal amount of July 2029 Notes outstanding.

The July 2029 Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants such as information reporting, maintenance of the Company's regulation as a business development company within the meaning of the 1940 Act and as a regulated investment company under the Code, a minimum net worth of the greater of (A) $500,000 and (B) an amount equal to the sum of (i) $660,865 plus (ii) an amount equal to 65% of the difference, of (x) the aggregate net proceeds of all sales of Equity Interests (as defined in the July 2029 Note Purchase Agreement) by the Company and its subsidiaries during each quarter after October 20, 2023 (other than the proceeds of sales of Equity Interests by and among the Company and its subsidiaries) and (y) the amount paid or distributed by the Company to purchase or redeem its shares of common stock in connection with a tender offer during such quarter and a minimum asset coverage ratio of 1.50 to 1.00.

In addition, in the event that a Below Investment Grade Event (as defined in the July 2029 Note Purchase Agreement) occurs, the July 2029 Notes will bear interest at a fixed rate per annum which is 1.00% above the stated rate of the July 2029 Notes from the date of the occurrence of the Below Investment Grade Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that a Secured Debt Ratio Event (as defined in the July 2029 Note Purchase Agreement) occurs, the July 2029 Notes will bear interest at the interest rate per annum which is 1.50% above the stated rate of the July 2029 Notes from the date of the occurrence of the Secured Debt Ratio Event to and until the date on which the Secured Debt Ratio Event is no longer continuing. In the event that a Below Investment Grade Event and a Secured Debt Ratio Event are both continuing at the same time, the July 2029 Notes will bear interest at a fixed rate per annum which is 2.00% above the stated rate of the July 2029 Notes from the date on which both such events first simultaneously existed until the date on which either or both events is no longer continuing.

The July 2029 Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults or cross-acceleration under other indebtedness of the Company, certain judgments and orders and certain events of bankruptcy.

The July 2029 Notes were offered in reliance on Section 4(a)(2) of the Securities Act. The July 2029 Notes have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, as applicable.

As of both March 31, 2026 and December 31, 2025, the July 2029 Notes were accruing at a weighted average interest rate of 7.5%

*September 2029 Notes*

On July 24, 2024, the Company entered into a note purchase agreement (the "September 2029 Note Purchase Agreement") governing the issuance of $48,000 in aggregate principal amount of unsecured notes (the "September 2029 Notes"), due September 18, 2029, with a fixed interest rate of 7.47% per year, to institutional accredited investors (as defined in Regulation D under the Securities Act) in a private placement. The closing for the September 2029 Notes occurred on September 18, 2024. The September 2029 Notes are guaranteed by various subsidiaries of the Company.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

Interest on the September 2029 Notes is due semiannually on May 15 and November 15 each year, beginning on November 15, 2024. The September 2029 Notes may be redeemed in whole or in part at any time or from time to time at the Company's option, upon notice, in an amount not less than 10% of the aggregate principal amount of September 2029 Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the Prepayment Settlement Amount (as defined in the September 2029 Note Purchase Agreement) applicable to September 2029 Notes determined for the prepayment date with respect to such principal amount. In addition, the Company is obligated to offer to prepay 100% of the principal amount of September 2029 Notes, together with interest on such September 2029 Notes accrued to, but excluding, the date of prepayment. The September 2029 Notes are general unsecured obligations of the Company that rank pari passu with all outstanding and future unsecured unsubordinated indebtedness issued by the Company. As of both March 31, 2026 and December 31, 2025, the Company had $48,000 in aggregate principal amount of September 2029 Notes outstanding.

The September 2029 Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants such as information reporting, maintenance of the Company's regulation as a business development company within the meaning of the 1940 Act and as a regulated investment company under the Code, a minimum net worth of the greater of (A) $500,000 and (B) an amount equal to the sum of (i) $660,865 plus (ii) an amount equal to 65% of the difference, of (x) the aggregate net proceeds of all sales of Equity Interests (as defined in the September 2029 Note Purchase Agreement) by the Company and its subsidiaries during each quarter after October 20, 2023 (other than the proceeds of sales of Equity Interests by and among the Company and its subsidiaries) and (y) the amount paid or distributed by the Company to purchase or redeem its shares of common stock in connection with a tender offer during such quarter and a minimum asset coverage ratio of 1.50 to 1.00.

In addition, in the event that a Below Investment Grade Event (as defined in the September 2029 Note Purchase Agreement) occurs, the September 2029 Notes will bear interest at a fixed rate per annum which is 1.00% above the stated rate of the September 2029 Notes from the date of the occurrence of the Below Investment Grade Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that a Secured Debt Ratio Event (as defined in the September 2029 Note Purchase Agreement) occurs, the September 2029 Notes will bear interest at the interest rate per annum which is 1.50% above the stated rate of the September 2029 Notes from the date of the occurrence of the Secured Debt Ratio Event to and until the date on which the Secured Debt Ratio Event is no longer continuing. In the event that a Below Investment Grade Event and a Secured Debt Ratio Event are both continuing at the same time, the September 2029 Notes will bear interest at a fixed rate per annum which is 2.00% above the stated rate of the September 2029 Notes from the date on which both such events first simultaneously existed until the date on which either or both events is no longer continuing.

The September 2029 Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults or cross-acceleration under other indebtedness of the Company, certain judgments and orders and certain events of bankruptcy.

The September 2029 Notes were offered in reliance on Section 4(a)(2) of the Securities Act. The September 2029 Notes have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, as applicable.

As of both March 31, 2026 and December 31, 2025, the September 2029 Notes were accruing at a weighted average interest rate of 7.5%.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

*July 2030 Notes*

On July 10, 2025, the Company entered into a Note Purchase Agreement (the "July 2030 Note Purchase Agreement") governing the issuance of $161,000 in aggregate principal amount of unsecured notes (the "July 2030 Notes"), due July 10, 2030, with a fixed interest rate of 6.57% per year, to institutional accredited investors (as defined in Regulation D under the Securities Act) in a private placement. The closing for the July 2030 Notes occurred on July 10, 2025. The July 2030 Notes are guaranteed by various subsidiaries of the Company.

Interest on the July 2030 Notes is due semiannually on May 15 and November 15 each year, beginning on November 15, 2025. The July 2030 Notes may be redeemed in whole or in part at any time or from time to time at the Company's option, upon notice, in an amount not less than 10% of the aggregate principal amount of July 2030 Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the Prepayment Settlement Amount (as defined in the July 2030 Note Purchase Agreement) applicable to July 2030 Notes determined for the prepayment date with respect to such principal amount. In addition, the Company is obligated to offer to prepay 100% of the principal amount of July 2030 Notes, together with interest on such July 2030 Notes accrued to, but excluding, the date of prepayment. The July 2030 Notes are general unsecured obligations of the company that rank pari passu with all outstanding and future unsecured unsubordinated indebtedness issued by the Company. As of both March 31, 2026 and December 31, 2025, the Company had $161,000 in aggregate principal amount of July 2030 Notes outstanding.

The July 2030 Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants such as information reporting, maintenance of the Company's regulation as a business development company within the meaning of the 1940 Act and as a regulated investment company under the Code, a minimum net worth of the greater of (A) $500,000 and (B) an amount equal to the sum of (i) $1,063,400 plus (ii) an amount equal to 65% of the difference, of (x) the aggregate net proceeds of all sales of Equity Interests (as defined in the July 2030 Note Purchase Agreement) by the Company and its subsidiaries during each quarter after October 29, 2024 (other than the proceeds of sales of Equity Interests by and among the Company and its subsidiaries) and (y) the amount paid or distributed by the Company to purchase or redeem its shares of common stock in connection with a tender offer during such quarter and a minimum asset coverage ratio of 1.50 to 1.00.

In addition, in the event that a Below Investment Grade Event (as defined in the July 2030 Note Purchase Agreement) occurs, the July 2030 Notes will bear interest at a fixed rate per annum which is 1.00% above the stated rate of the July 2030 Notes from the date of the occurrence of the Below Investment Grade Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that a Secured Debt Ratio Event (as defined in the July 2030 Note Purchase Agreement) occurs, the July 2030 Notes will bear interest at a fixed rate per annum which is 1.50% above the stated rate of the July 2030 Notes from the date of the occurrence of the Secured Debt Ratio Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that both a Below Investment Grade Event and a Secured Debt Ratio Event have occurred and are continuing, the July 2030 Notes will bear interest at a fixed rate per annum which is 2.00% above the stated rate of the July 2030 Notes from the date of the occurrence of the later to occur of the Below Investment Grade Event and the Secured Debt Ratio Event to and until the date on which one of such events is no longer continuing.

The July 2030 Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults or cross-acceleration under other indebtedness of the Company, certain judgments and orders and certain events of bankruptcy.

The July 2030 Notes were offered in reliance on Section 4(a)(2) of the Securities Act. The July 2030 Notes have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, as applicable.

As of both March 31, 2026 and December 31, 2025, the July 2030 Notes were accruing at a weighted average interest rate of 6.6%.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

*Components of Interest Expense* 

The components of the Company's interest and other debt financing expenses, average debt outstanding and average stated interest rate (i.e., the rate in effect plus spread) for the three months ended March 31, 2026 and 2025 were as follows:

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Interest expense - Revolving Credit Facility | 6186 | 7596 |
| Interest expense - SPV Credit Facility | 3155 | 3915 |
| Interest expense - SPV II Credit Facility | 9313 | 3118 |
| Interest expense - SPV III Credit Facility | 2308 | 1563 |
| Interest expense - SPV IV Credit Facility | 2898 | 4743 |
| Interest expense - SPV V Credit Facility | 2240 | 362 |
| Interest expense - 2022 ABS | 2311 | 3010 |
| Interest expense - 2023 ABS | 3645 | 3913 |
| Interest expense - 2025 ABS | 6689 |  |
| Interest expense - July 2028 Notes | 651 |  |
| Interest expense - November 2028 Notes | 2355 | 2355 |
| Interest expense - December 2028 Notes | 2355 | 2355 |
| Interest expense - July 2029 Notes | 2913 | 2914 |
| Interest expense - September 2029 Notes | 896 | 896 |
| Interest expense - July 2030 Notes | 2644 |  |
| Amortization of debt issuance costs | 2438 | 2853 |
| &nbsp;&nbsp;Total interest and other debt financing expenses | 52997 | 39593 |
| Average debt outstanding | 3194128 | 2128049 |
| Average stated interest rate | 6.4% | 7.0% |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

**Note 8. Derivative Instruments**

The Company enters into foreign currency forward contracts from time to time to help mitigate the impact that an adverse change in foreign exchange rates would have on future principal and interest cash flows from the Company's investments denominated in foreign currencies. As of both March 31, 2026 and 2025, the counterparty to these foreign currency forward contracts was Bannockburn Global Forex, LLC. Net unrealized gain or loss on foreign currency forward contracts are included in net change in unrealized gain (loss) on foreign currency forward contracts and net realized gain or loss on forward currency forward contracts are included in net realized gain (loss) on foreign currency forward contracts on the accompanying consolidated statements of operations.

Certain information related to the Company's foreign currency forward contracts is presented below as of March 31, 2026 and 2025.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
|<br>**Description** | **Notional Amount<br>to be Sold** | **Notional Amount<br>to be Sold** | **Settlement<br>Date** | **Gross Amount of Unrealized Gain** | **Gross Amount of Unrealized Loss** | **Balance Sheet location of Net Amounts** |
| Foreign currency forward contract | AUD | 335 | 4/2/2026 | $— | $(12) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 324 | 6/11/2026 |  | (14) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 291 | 7/3/2026 |  | (11) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 328 | 9/11/2026 |  | (14) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 283 | 10/2/2026 |  | (12) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 324 | 12/11/2026 |  | (14) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 273 | 1/5/2027 |  | (13) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 321 | 3/11/2027 |  | (13) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 262 | 4/5/2027 |  | (13) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 328 | 6/11/2027 |  | (13) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 263 | 7/2/2027 |  | (14) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 328 | 9/13/2027 |  | (14) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 266 | 10/5/2027 |  | (16) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 324 | 12/13/2027 |  | (13) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 266 | 1/5/2028 |  | (17) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 324 | 3/13/2028 |  | (14) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 268 | 4/5/2028 |  | (19) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 328 | 6/13/2028 |  | (13) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD | 32268 | 7/5/2028 |  | (2320) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 219 | 4/6/2026 |  | (2) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 298 | 7/3/2026 |  | 3 | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 139 | 7/6/2026 |  | (4) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 443 | 10/5/2026 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 484 | 1/5/2027 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 474 | 4/5/2027 |  | (2) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 481 | 7/6/2027 |  | (2) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 12777 | 8/16/2027 |  | (350) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 348 | 10/5/2027 |  | 1 | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 351 | 1/4/2028 |  | 1 | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 348 | 4/4/2028 |  | 1 | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 347 | 7/5/2028 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 351 | 10/3/2028 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD | 15629 | 1/3/2029 |  | (25) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 351 | 4/6/2026 |  | (36) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 43 | 5/8/2026 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 354 | 7/6/2026 |  | (36) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 44 | 8/10/2026 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 356 | 10/6/2026 |  | (36) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 44 | 11/10/2026 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 354 | 1/6/2027 |  | (35) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 50 | 2/10/2027 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 343 | 4/6/2027 |  | (34) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 49 | 5/10/2027 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 345 | 7/6/2027 |  | (34) | Net unrealized loss on foreign currency forward contracts |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
|<br>**Description** | **Notional Amount<br>to be Sold** | **Notional Amount<br>to be Sold** | **Settlement<br>Date** | **Gross Amount of Unrealized Gain** | **Gross Amount of Unrealized Loss** | **Balance Sheet location of Net Amounts** |
| Foreign currency forward contract | EUR | 50 | 8/10/2027 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 347 | 10/6/2027 |  | (34) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 51 | 11/10/2027 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 359 | 1/6/2028 |  | (34) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 52 | 2/10/2028 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 49 | 5/10/2028 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR | 2500 | 8/10/2028 |  | 16 | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 94 | 4/3/2026 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 246 | 4/7/2026 |  | (8) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 93 | 7/3/2026 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 254 | 7/6/2026 |  | (9) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 94 | 10/5/2026 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 259 | 10/6/2026 |  | (10) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 104 | 1/5/2027 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 266 | 1/6/2027 |  | (10) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 101 | 4/5/2027 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 258 | 4/6/2027 |  | (10) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 102 | 7/5/2027 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 259 | 7/6/2027 |  | (11) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 103 | 10/5/2027 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 103 | 1/5/2028 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 102 | 4/5/2028 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 66 | 7/5/2028 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP | 4274 | 10/4/2028 |  | (71) | Net unrealized loss on foreign currency forward contracts |
|  |  |  |  | $— | $(3348) |  |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Description** | **Notional Amount to be Sold** | **Settlement Date** | **Gross Amount of Unrealized Gain** | **Gross Amount of Unrealized Loss** | **Balance Sheet location of Net Amounts** |
| Foreign currency forward contract | AUD 324 | 3/12/2026 | $— | $(7) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 335 | 4/2/2026 |  | (4) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 324 | 6/11/2026 |  | (7) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 291 | 7/3/2026 |  | (5) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 328 | 9/11/2026 |  | (7) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 283 | 10/2/2026 |  | (5) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 324 | 12/11/2026 |  | (6) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 273 | 1/5/2027 |  | (6) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 321 | 3/11/2027 |  | (6) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 262 | 4/5/2027 |  | (7) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 328 | 6/11/2027 |  | (6) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 263 | 7/2/2027 |  | (8) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 328 | 9/13/2027 |  | (6) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 266 | 10/5/2027 |  | (9) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 324 | 12/13/2027 |  | (6) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 266 | 1/5/2028 |  | (11) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 324 | 3/13/2028 |  | (6) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 268 | 4/5/2028 |  | (11) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 328 | 6/13/2028 |  | (6) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | AUD 32,268 | 7/5/2028 |  | (1588) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 125 | 1/5/2026 |  | (5) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 296 | 3/4/2026 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 219 | 4/6/2026 |  | (5) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 298 | 7/3/2026 |  |  | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 139 | 7/6/2026 |  | (5) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 443 | 10/5/2026 |  | (6) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 484 | 1/5/2027 |  | (6) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 474 | 4/5/2027 |  | (7) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 481 | 7/6/2027 |  | (7) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 12,777 | 8/16/2027 |  | (479) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 348 | 10/5/2027 |  | (2) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 351 | 1/4/2028 |  | (3) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 348 | 4/4/2028 |  | (3) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 347 | 7/5/2028 |  | (3) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 351 | 10/3/2028 |  | (4) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | CAD 15,629 | 1/3/2029 |  | (182) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 360 | 1/6/2026 |  | (44) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 43 | 2/10/2026 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 351 | 4/6/2026 |  | (43) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 43 | 5/8/2026 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 354 | 7/6/2026 |  | (43) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 44 | 8/10/2026 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 356 | 10/6/2026 |  | (43) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 44 | 11/10/2026 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 354 | 1/6/2027 |  | (42) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 50 | 2/10/2027 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 343 | 4/6/2027 |  | (41) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 49 | 5/10/2027 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 345 | 7/6/2027 |  | (40) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 50 | 8/10/2027 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 347 | 10/6/2027 |  | (40) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 51 | 11/10/2027 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 359 | 1/6/2028 |  | (41) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 52 | 2/10/2028 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 49 | 5/10/2028 |  | (1) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | EUR 2,501 | 8/10/2028 |  | (31) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 97 | 1/5/2026 |  | (2) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 255 | 1/6/2026 |  | (15) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 94 | 4/3/2026 |  | (2) | Net unrealized loss on foreign currency forward contracts |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Description** | **Notional Amount to be Sold** | **Settlement Date** | **Gross Amount of Unrealized Gain** | **Gross Amount of Unrealized Loss** | **Balance Sheet location of Net Amounts** |
| Foreign currency forward contract | GBP 246 | 4/7/2026 |  | (14) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 93 | 7/3/2026 |  | (2) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 254 | 7/6/2026 |  | (15) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 94 | 10/5/2026 |  | (2) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 259 | 10/6/2026 |  | (16) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 104 | 1/5/2027 |  | (3) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 266 | 1/6/2027 |  | (17) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 101 | 4/5/2027 |  | (3) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 258 | 4/6/2027 |  | (17) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 102 | 7/5/2027 |  | (3) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 259 | 7/6/2027 |  | (17) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 103 | 10/5/2027 |  | (4) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 103 | 1/5/2028 |  | (4) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 102 | 4/5/2028 |  | (4) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 66 | 7/5/2028 |  | (3) | Net unrealized loss on foreign currency forward contracts |
| Foreign currency forward contract | GBP 4,274 | 10/4/2028 |  | (177) | Net unrealized loss on foreign currency forward contracts |
|  |  |  | $— | $(3172) |  |

---

For the three months ended March 31, 2026 and 2025, the Company recognized net change in unrealized gain (loss) on foreign currency forward contracts of $(176) and $(747), respectively. For the three months ended March 31, 2026 and 2025, the Company recognized net realized gain (loss) on foreign currency forward contracts of $(87) and $54, respectively.

**Note 9. Distributions**

The Company's distributions to stockholders are recorded on the applicable record date. The following table summarizes the distributions declared and paid during the three months ended March 31, 2026 and 2025:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Date<br>Declared** | **Record <br>Date** | **Payment** <br>**Date** <sup>(1)</sup> | **Dividend<br>Type** | **Amount <br>Per <br>Share** | **Distribution<br>Declared** |
| **Three months ended March 31, 2026** | | | | | |
| January 22, 2026 | January 23, 2026 | January 28, 2026 | Regular | $0.075 | $21853 |
| February 20, 2026 | February 23, 2026 | February 25, 2026 | Regular | 0.075 | 22123 |
| March 20, 2026 | March 23, 2026 | March 26, 2026 | Regular | 0.071 | 20140 |
| &nbsp;&nbsp;Total distributions declared |  |  |  | $0.221 | $64116 |
| **Three months ended March 31, 2025** |  |  |  |  |  |
| January 9, 2025 | January 15, 2025 | March 31, 2025 | Regular | $0.090 | $17883 |
| January 9, 2025 | February 14, 2025 | March 31, 2025 | Regular | 0.090 | 17883 |
| January 9, 2025 | March 14, 2025 | March 31, 2025 | Regular | 0.090 | 17884 |
| &nbsp;&nbsp;Total distributions declared |  |  |  | $0.270 | $53650 |

---

_________________________________________

<sup>(1)</sup> The portion of the Company's distribution that is to be reinvested pursuant to the DRIP is issued to the Company's stockholders on the payment date.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

The following tables summarize the Company's distributions reinvested during the three months ended March 31, 2026 and 2025:

---

| | | | |
|:---|:---|:---|:---|
| **Payment Date** | **NAV<br>Per Share** | **DRIP<br>Shares<br>Issued** | **DRIP<br>Shares<br>Value** |
| **Three months ended March 31, 2026** | | | |
| January 28, 2026 | $9.87 | 1004149 | $9911 |
| February 25, 2026 | $9.87 | 1016875 | 10037 |
| March 26, 2026 | $9.80 | 918699 | 9003 |
| &nbsp;&nbsp;Total distributions reinvested |  | 2939723 | $28951 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Payment Date** <sup>(1)</sup> | **NAV<br>Per Share** | **DRIP<br>Shares<br>Issued** | **DRIP<br>Shares<br>Value** |
| **Three months ended March 31, 2025** | | | |
| March 31, 2025 | $10.37 | 2292918 | $23777 |
| Total distributions reinvested |  | 2292918 | $23777 |

---

<sup>(1)</sup> The Company began monthly closings for its private offering in October 2025, and pursuant to the Second Amended and Restated DRIP, the Board intends to declare monthly distributions, and as a result, the 2025 period reflects the quarterly distributions declared at that time.

The Company has adopted a DRIP that provides for the reinvestment of dividends and other distributions on behalf of its stockholders that elect to participate in such plan. When the Company declares a dividend or distribution, the Company's stockholders' cash distributions will only be reinvested in additional shares of the Company's common stock if a stockholder specifically "opts in" to the DRIP at least ten (10) days prior to the record date fixed by the Board. Shares issued under the DRIP were issued at a price per share equal to the NAV per share as of the last day of the Company's fiscal quarter immediately preceding the date that the distribution was declared.

On November 4, 2025, the Board approved the second amended and restated dividend reinvestment plan (the "Second Amended and Restated DRIP"), which amended the price per share used for distributions reinvested to be the most recent NAV per share as of the most recent effective date on which shares are issued to our investors in a closing of a private offering immediately preceding the payment date of such distribution in order to better align with monthly share issuances.

**Note 10. Stock Issuances and Share Repurchase Program**

***Stock Issuances***

As of March 31, 2026, the total number of shares of all classes of capital stock that the Company has the authority to issue was 600,000,000 shares of common stock, par value $0.001 per share.

The following tables summarize the issuance of shares during the three months ended March 31, 2026 and 2025:

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Price<br>Per Share** | **Shares Issued** | **Proceeds** |
| **Three months ended March 31, 2026** | | | |
| January 2, 2026 | $9.87 | 4690159 | $46292 |
| February 2, 2026 | $9.87 | 2597869 | 25641 |
| March 2, 2026 | $9.80 | 2876264 | 28187 |
| &nbsp;&nbsp;Total |  | 10164292 | $100120 |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | | |
|:---|:---|:---|:---|
| **Date** <sup>(1)</sup> | **Price<br>Per Share** | **Shares Issued** | **Proceeds** |
| **Three months ended March 31, 2025** | | | |
| March 20, 2025 | $10.37 | 36340819 | $376854 |
| &nbsp;&nbsp;Total |  | 36340819 | $376854 |

---

<sup>(1)</sup> The Company began monthly closings for its private offering in October 2025, and as a result, the 2025 period reflects the share issuances at that time.

During the three months ended March 31, 2026 and 2025, the Company also issued 2,939,723 and 2,292,918 shares, with an aggregate value of $28,951 and $23,777, respectively, under the DRIP as disclosed in Note 9.

***Share Repurchase Program***

During 2022, the Company commenced a quarterly share repurchase program pursuant to which the Company intends to repurchase, in each quarter, up to 5% of the shares of common stock outstanding as of the close of the previous calendar quarter (the "Share Repurchase Program"), subject to the discretion of the Board. Any such repurchases are subject to approval by the Board, in its discretion, and the availability of cash to fund such repurchases. The Board may amend, suspend or terminate the Share Repurchase Program if it deems such action to be in the Company's best interest and the best interest of the Company's stockholders. As a result, share repurchases may not be available each quarter. The Company intends to conduct such repurchase offers pursuant to tender offers in accordance with the requirements of Rule 13e-4 under the Securities Exchange Act of 1934 and the 1940 Act and subject to compliance with applicable covenants and restrictions under the Company's financing arrangements. All shares repurchased by the Company pursuant to the terms of each tender offer will be redeemed and thereafter will be authorized and unissued shares.

The following tables summarize the total shares repurchased that were validly tendered and not withdrawn in tender offers under the Share Repurchase Program during the three months ended March 31, 2026 and 2025:

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Price <br>Per Share** | **Shares <br>Repurchased** | **Total Cost** |
| **Three months ended March 31, 2026** | | | |
| February 27, 2026 | $9.87 | 15199220 | $150016 |
| &nbsp;&nbsp;&nbsp;Total |  | 15199220 | $150016 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Price <br>Per Share** | **Shares <br>Repurchased** | **Total Cost** |
| **Three months ended March 31, 2025** | | | |
| March 28, 2025 | $10.37 | 774968 | $8037 |
| &nbsp;&nbsp;Total |  | 774968 | $8037 |

---

**Note 11. Commitments and Contingencies**

*Commitments:* As of March 31, 2026 and December 31, 2025, the Company had $1,114,528 and $1,248,056, respectively, in outstanding commitments to fund investments under undrawn revolvers, delayed draw commitments and subscription agreements. Management believes that the Company's available cash balances and/or ability to draw on existing credit facilities or raise additional leverage facilities provide sufficient funds to cover its unfunded commitments as of March 31, 2026.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

The table below presents outstanding commitments to fund investments in current portfolio companies as of March 31, 2026 and December 31, 2025:

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **March 31, 2026** | **December 31, 2025** |
| 601 Lafayette Mezz LLC (Delayed Draw) | $13857 | $17968 |
| 601 Lafayette Mezz LLC (Delayed Draw) | n/a | n/a |
| 95 Percent Buyer, LLC (Revolver) | 485 | 809 |
| A360, Inc. (Delayed Draw) | 3993 | 3993 |
| A360, Inc. (Revolver) | 2115 | 2115 |
| Accelevation LLC (Delayed Draw) | 1869 | 1869 |
| Accelevation LLC (Revolver) | 2663 | 3329 |
| Acquia Inc. (Revolver) | n/a | n/a |
| Air Transport Components Acquisition, LLC (Delayed Draw) | 4200 | 4200 |
| Air Transport Components Acquisition, LLC (Revolver) | 2100 | 2100 |
| Aligned Exteriors Group Holdco, LLC (Delayed Draw) | 10000 | 10000 |
| Aligned Exteriors Group Holdco, LLC (Revolver) | 833 | 1667 |
| Alpine Pet OpCo, LLC (Delayed Draw) | 11000 | 11000 |
| Alpine Pet OpCo, LLC (Revolver) | 8800 | 8800 |
| Alta Pest Control, LLC (Delayed Draw) | 3560 | 3760 |
| Alta Pest Control, LLC (Revolver) | 2000 | 2000 |
| Ambient Enterprises Holdco, LLC (Delayed Draw) | n/a | n/a |
| Ambient Enterprises Holdco, LLC (Delayed Draw) | 1260 | 3493 |
| Ambient Enterprises Holdco, LLC (Delayed Draw) | 4311 | 4311 |
| Ambient Enterprises Holdco, LLC (Revolver) | 1642 | 1642 |
| American Broadband and Telecommunications Company LLC (Delayed Draw) | n/a | n/a |
| American Broadband and Telecommunications Company LLC (Revolver) | 741 | 743 |
| Angel Lux Bidco S.A.R.L. (Delayed Draw) | 2710 | n/a |
| Animal Dermatology Group, Inc. (Delayed Draw) | n/a | 2885 |
| Animal Dermatology Group, Inc. (Delayed Draw) | n/a | 20164 |
| Animal Dermatology Group, Inc. (Delayed Draw) | n/a | n/a |
| Animal Dermatology Group, Inc. (Delayed Draw) | n/a | n/a |
| Animal Dermatology Group, Inc. (Delayed Draw) | n/a | n/a |
| Animal Dermatology Group, Inc. (Revolver) | 2500 | 2500 |
| AppLogic Networks OpCo I LLC (Delayed Draw) | n/a | n/a |
| Appriss Health, LLC (Revolver) | 433 | 433 |
| Aptean, Inc. (Delayed Draw) | n/a | n/a |
| Aptean, Inc. (Revolver) | n/a | n/a |
| Aras Corporation (Revolver) | 508 | 472 |
| Arax Midco, LLC (Delayed Draw) | n/a | n/a |
| Arax Midco, LLC (Delayed Draw) | n/a | 5355 |
| Arax Midco, LLC (Revolver) | n/a | 1112 |
| Archtop Fiber Intermediate LLC (Delayed Draw) | 19060 | 27857 |
| Arcserve Cayman Opco LP (Delayed Draw) | 1029 | 1029 |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **March 31, 2026** | **December 31, 2025** |
| ASG III, LLC (Delayed Draw) | 11944 | 11944 |
| ASG III, LLC (Revolver) | 3158 | 3158 |
| Assembly Buyer, LLC (Delayed Draw) | 853 | 853 |
| Assembly Buyer, LLC (Delayed Draw) | 7111 | 7111 |
| Assembly Buyer, LLC (Revolver) | 2667 | 2667 |
| Asset Reliability Bidco, Inc. (Delayed Draw) | 7454 | 7454 |
| Asset Reliability Bidco, Inc. (Revolver) | 2982 | 2982 |
| Attom Intermediate Holdco, LLC (Delayed Draw) | 15095 | 15095 |
| Attom Intermediate Holdco, LLC (Revolver) | 3972 | 3972 |
| Automated Industrial Robotics US HoldCo Inc. (Delayed Draw) | 7139 | 7139 |
| Automated Industrial Robotics US HoldCo Inc. (Revolver) | 4444 | 4444 |
| Avalara, Inc. (Revolver) | n/a | n/a |
| Band Finance LLC and Anderson Global Luxembourg SCSp (Delayed Draw) | n/a | n/a |
| Band Finance LLC and Anderson Global Luxembourg SCSp (Delayed Draw) | 852 | 4970 |
| Band Finance LLC and Anderson Global Luxembourg SCSp (Revolver) | 4693 | 4693 |
| Baystate Sewage Disposal, LLC (Delayed Draw) | 1138 | 1138 |
| Baystate Sewage Disposal, LLC (Revolver) | 1012 | 1012 |
| BCTO Bobsled Purchaser, Inc. (Delayed Draw) | 6500 | n/a |
| BCTO Bobsled Purchaser, Inc. (Revolver) | 1950 | n/a |
| Beckway Acquisition, Inc. (Delayed Draw) | 5714 | 5714 |
| Beckway Acquisition, Inc. (Revolver) | 1429 | 1429 |
| Bench Walk Lead, LLC (Delayed Draw) | 3976 | 4400 |
| Bloomerang, LLC (Delayed Draw) | 3200 | 3186 |
| Bloomerang, LLC (Revolver) | 3200 | 1600 |
| BLP Buyer, Inc. (Revolver) | 712 | 1624 |
| Bluesight, Inc. (Revolver) | 5217 | 5217 |
| Bonterra LLC (Revolver) | n/a | n/a |
| BTR Opco LLC (Delayed Draw) | 3 | 193 |
| BTRS Holdings Inc. (Revolver) | 967 | 1933 |
| BTRS Holdings Inc. (Revolver) | n/a | n/a |
| Buck Design LLC (Delayed Draw) | 4314 | 4314 |
| Buck Design LLC (Revolver) | 2629 | 3120 |
| Calabrio, Inc. (Revolver) | n/a | n/a |
| Calienger Holdings, L.L.C. (Delayed Draw) | 2831 | 2831 |
| Calienger Holdings, L.L.C. (Revolver) | 909 | 909 |
| Caputo Cheese Interco Corp. (Revolver) | 1750 | 1750 |
| Caravel Autism Health, LLC (Delayed Draw) | 6639 | 6639 |
| Caravel Autism Health, LLC (Delayed Draw) | n/a | n/a |
| Caravel Autism Health, LLC (Revolver) | 9000 | 9000 |
| Catalyst Data Holdings, Inc. (Delayed Draw) | 9900 | 9900 |
| Catalyst Data Holdings, Inc. (Delayed Draw) | 284 | 400 |
| Catalyst Data Holdings, Inc. (Delayed Draw) | 5443 | 9667 |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **March 31, 2026** | **December 31, 2025** |
| Catalyst Data Holdings, Inc. (Equity Commitment) | 835 | 835 |
| Catalyst Data Holdings, Inc. (Revolver) | 1254 | 3300 |
| Cdata Software, Inc. (Delayed Draw) | 3616 | 3616 |
| Cdata Software, Inc. (Delayed Draw) | 4255 | 4255 |
| Cdata Software, Inc. (Revolver) | 5106 | 5106 |
| Chess.com, LLC (Revolver) | 1413 | 1413 |
| ClearCapital Holdings, LLC (Delayed Draw) | 3431 | 3431 |
| ClearCapital Holdings, LLC (Revolver) | 1620 | 1620 |
| ClearlyRated Capital, LLC (Delayed Draw) | 1077 | 1077 |
| Cloud for Good, LLC (Delayed Draw) | 12500 | 12500 |
| Cloud for Good, LLC (Revolver) | 4000 | 4000 |
| Clydesdale Holdings, LLC (Delayed Draw) | n/a | n/a |
| Clydesdale Holdings, LLC (Revolver) | 4523 | 4523 |
| Cohere Beauty, Phoenix LLC (Revolver) | 1333 | 1333 |
| Cosmos Bidco, Inc. (Delayed Draw) | n/a | n/a |
| Cosmos Bidco, Inc. (Delayed Draw) | 5379 | 5379 |
| Cosmos Bidco, Inc. (Revolver) | 4275 | 5625 |
| Cpex Purchaser, LLC (Delayed Draw) | n/a | n/a |
| Cpex Purchaser, LLC (Delayed Draw) | 709 | n/a |
| Cpex Purchaser, LLC (Delayed Draw) | 3284 | n/a |
| Cpex Purchaser, LLC (Delayed Draw) | 108 | 1574 |
| Cpex Purchaser, LLC (Revolver) | n/a | 1742 |
| DataOnline Corp. (Revolver) | n/a | 1110 |
| Demakes Borrower, LLC (Delayed Draw) | n/a | n/a |
| Destination Media, Inc. (Revolver) | n/a | n/a |
| Dorado Acquisition, Inc. (Revolver) | 1670 | 1670 |
| Douglas Holdings, Inc. (Delayed Draw) | n/a | 4766 |
| Douglas Holdings, Inc. (Delayed Draw) | n/a | n/a |
| Douglas Holdings, Inc. (Delayed Draw) | 28 | 821 |
| Douglas Holdings, Inc. (Revolver) | 2166 | 2166 |
| Drawbridge Partners, LLC (Delayed Draw) | 396 | 396 |
| Drawbridge Partners, LLC (Revolver) | 2609 | 2609 |
| ecMarket Inc. and Conexiom US Inc. (Delayed Draw) | 1303 | n/a |
| ecMarket Inc. and Conexiom US Inc. (Delayed Draw) | n/a | 270 |
| ecMarket Inc. and Conexiom US Inc. (Delayed Draw) | n/a | n/a |
| ecMarket Inc. and Conexiom US Inc. (Revolver) | 2067 | 2067 |
| Ecotrak, LLC (Delayed Draw) | 268 | 268 |
| Ecotrak, LLC (Revolver) | 1132 | 1132 |
| E-Discovery Acquireco, LLC (Revolver) | 1273 | 1273 |
| Edustaff, LLC (Revolver) | 2364 | 2364 |
| Einstein Parent, INC. (Revolver) | 3738 | 3738 |
| EMCO Holdco LLC (Delayed Draw) | 8440 | 8440 |
| EMCO Holdco LLC (Revolver) | 11037 | 11037 |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **March 31, 2026** | **December 31, 2025** |
| Engineered Metal Solutions, Inc. (Revolver) | 1737 | 1737 |
| Epika Fleet Services, Inc. (Delayed Draw) | n/a | n/a |
| Epika Fleet Services, Inc. (Delayed Draw) | n/a | n/a |
| Epika Fleet Services, Inc. (Delayed Draw) | n/a | 6899 |
| Epika Fleet Services, Inc. (Revolver) | 9936 | 9936 |
| Epika Fleet Services, Inc. (Revolver) | n/a | n/a |
| EverService Midco, LLC (Revolver) | 8919 | 8919 |
| EverView AcquisitionCo, Inc. (Delayed Draw) | 6385 | 6385 |
| EverView AcquisitionCo, Inc. (Revolver) | 4789 | 4789 |
| Excel Testing and Engineering Holdings LLC (Delayed Draw) | 3800 | 5000 |
| Excel Testing and Engineering Holdings LLC (Revolver) | 1000 | 1000 |
| Excelligence Learning Corporation (Revolver) | 1148 | 2860 |
| Expedited Travel, LLC (Revolver) | n/a | n/a |
| Express Wash Acquisition Company, LLC (Revolver) | 1103 | 1103 |
| Express Wash Acquisition Company, LLC (Revolver) | n/a | n/a |
| FH BMX Buyer, Inc. (Delayed Draw) | n/a | n/a |
| FH BMX Buyer, Inc. (Delayed Draw) | n/a | 2059 |
| FH BMX Buyer, Inc. (Delayed Draw) | 4267 | 6933 |
| Fiasco Enterprises, LLC (Revolver) | 1750 | 1750 |
| FLEET Response, LLC (Revolver) | 1517 | n/a |
| FLEET Response, LLC (Revolver) | n/a | 379 |
| Forest Buyer, LLC (Revolver) | n/a | n/a |
| Freedom U.S. Acquisition Corporation (Revolver) | 5100 | 5100 |
| FR Panther Intermediate, LLC (Delayed Draw) | 3333 | n/a |
| FR Panther Intermediate, LLC (Revolver) | 972 | n/a |
| FR Panther Holdings, L.P. (Equity Commitment) | 889 | n/a |
| Fueled Digital Media, LLC (Revolver) | 81 | 81 |
| Gas Media Holdings, LLC (Delayed Draw) | 12214 | 12214 |
| Gas Media Holdings, LLC (Revolver) | 5037 | 4772 |
| GBP CSTA Buyer LLC (Revolver) | 333 | 444 |
| GC Champion Acquisition LLC (Delayed Draw) | 3430 | 3430 |
| Guardian Restoration Partners Buyer, LLC (Delayed Draw) | 1971 | 3291 |
| Guardian Restoration Partners Buyer, LLC (Revolver) | 820 | 520 |
| Harlem Acquisition, LLC (Delayed Draw) | 96 | 4084 |
| Harlem Acquisition, LLC (Delayed Draw) | 6095 | n/a |
| Harlem Acquisition, LLC (Revolver) | 4571 | 5181 |
| Hart Halsey, LLC (Delayed Draw) | 4599 | 4841 |
| Hart Halsey, LLC (Delayed Draw) | 7500 | 7500 |
| Hart Halsey, LLC (Revolver) | 1050 | 750 |
| Helping Hands Childrens Services Management, LLC (Delayed Draw) | 2909 | 4600 |
| Helping Hands Childrens Services Management, LLC (Revolver) | 2300 | 2300 |
| Honk Technologies, Inc. (Revolver) | 500 | n/a |
| Hostaway Midco Oy (Delayed Draw) | 5000 | 5000 |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **March 31, 2026** | **December 31, 2025** |
| Hostaway Midco Oy (Revolver) | 4167 | 4167 |
| HS4 Acquisitionco, Inc. (Revolver) | n/a | n/a |
| Huckabee Acquisition, LLC (Delayed Draw) | n/a | 6522 |
| Huckabee Acquisition, LLC (Revolver) | 3913 | 3913 |
| IF & P Holdings Company, LLC (Delayed Draw) | n/a | 959 |
| IF & P Holdings Company, LLC (Revolver) | 353 | 1015 |
| IMMEC Buyer (Delayed Draw) | n/a | 4248 |
| IMMEC Buyer (Revolver) | 1912 | 1912 |
| Independence Buyer, Inc. (Revolver) | 239 | 241 |
| Innovative Artists Entertainment, LLC (Revolver) | 2225 | 2225 |
| Innovative Artists Entertainment, LLC (Equity Commitment) | 357 | 357 |
| Innovative Artists Entertainment, LLC (Equity Commitment) | 734 | 734 |
| InsideRE, LLC (Delayed Draw) | 385 | 385 |
| InsideRE, LLC (Revolver) | 418 | 675 |
| Interstate BidCo, LLC (Delayed Draw) | n/a | n/a |
| Interstate BidCo, LLC (Delayed Draw) | 12397 | 12397 |
| Interstate BidCo, LLC (Revolver) | 3125 | 3125 |
| Ivex Holdco Inc. and Induspac Holdco Inc. (Delayed Draw) | 6114 | 6114 |
| Ivex Holdco Inc. and Induspac Holdco Inc. (Revolver) | 1331 | 1331 |
| Izzio Artisan Bakery, LLC (Delayed Draw) | n/a | n/a |
| Izzio Artisan Bakery, LLC (Delayed Draw) | 7871 | 12014 |
| J2 BWA Funding III, LLC (Delayed Draw) | 3587 | 3663 |
| J2 BWA Funding III, LLC (Equity commitment) | 257 | 565 |
| J2 BWA Funding LLC (Revolver) | 153 | 42 |
| JDX Studio, LLC (Delayed Draw) | 799 | 799 |
| JDX Studio, LLC (Revolver) | 2398 | 2398 |
| Jesse Studio Mezz, LLC (Delayed Draw) | 1495 | 3629 |
| Jobnimbus Holdings, LLC (Delayed Draw) | 7111 | 7111 |
| Jobnimbus Holdings, LLC (Revolver) | 5333 | 5333 |
| Jumpstart Holdco, Inc. (Delayed Draw) | 4947 | 5652 |
| Jumpstart Holdco, Inc. (Revolver) | n/a | n/a |
| K2 Services Venture LLC (Revolver) | 7976 | 7976 |
| Keel Platform, LLC (Delayed Draw) | n/a | n/a |
| Key Container Borrower, LLC (Delayed Draw) | 1905 | n/a |
| Key Container Borrower, LLC (Revolver) | 1270 | n/a |
| Key Container Borrower, LLC (Equity Commitment) | 556 | n/a |
| Kingsley Gate Partners, LLC (Revolver) | n/a | n/a |
| KL Moon Acquisition, LLC (Revolver) | 217 | 379 |
| KT Naples UB LLC (Delayed Draw) | n/a | n/a |
| Learn-It Systems, LLC (Delayed Draw) | 12528 | 12528 |
| Learn-It Systems, LLC (Delayed Draw) | 2733 | 2733 |
| Learn-It Systems, LLC (Revolver) | 6832 | 6832 |
| Lifted Trucks Holdings, LLC (Revolver) | 1667 | 1984 |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **March 31, 2026** | **December 31, 2025** |
| Light Wave Dental Management, LLC (Revolver) | 380 | 380 |
| Long Grove Pharmaceuticals, LLC (Delayed Draw) | 14000 | 14000 |
| LVF Holdings, Inc. (Revolver) | n/a | n/a |
| Madison Logic Holdings, Inc. (Revolver) | 635 | 635 |
| Maltese Diplomat Owner 100 LLC (Delayed Draw) | 25 | 329 |
| Matterhorn Finco, Inc. (Revolver) | 667 | n/a |
| Mammoth Holdings, LLC (Revolver) | 2727 | 2059 |
| MB Purchaser, LLC (Delayed Draw) | n/a | n/a |
| MB Purchaser, LLC (Delayed Draw) | 3213 | 3213 |
| MB Purchaser, LLC (Revolver) | 3785 | 3785 |
| MC Voyager SPV II LLC (Equity commitment) | 24203 | 24478 |
| MEI Buyer LLC (Delayed Draw) | 6710 | 6710 |
| MEI Buyer LLC (Revolver) | 5253 | 5253 |
| Milrose Consultants, LLC (Revolver) | 1154 | 1154 |
| Mindbody, Inc. (Revolver) | n/a | 2305 |
| Mindbody, Inc. (Revolver) | n/a | n/a |
| Mission Critical Group, LLC (Delayed Draw) | 1356 | 1356 |
| Mission Critical Group, LLC (Revolver) | 1211 | 1211 |
| Mooring Primary, LLC (Delayed Draw) | 6333 | 6333 |
| Mooring Primary, LLC (Revolver) | 6333 | 6333 |
| Narrative Strategies Acquisition, LLC (Delayed Draw) | 3634 | 3634 |
| Narrative Strategies Acquisition, LLC (Revolver) | 1211 | 1211 |
| Nastel Technologies, LLC (Revolver) | 368 | 368 |
| Nasuni Corporation (Revolver) | 3125 | 3125 |
| NationsBenefits, LLC (Delayed Draw) | n/a | n/a |
| NationsBenefits, LLC (Delayed Draw) | 7219 | 15102 |
| NationsBenefits, LLC (Revolver) | n/a | n/a |
| NationsBenefits, LLC (Revolver) | n/a | n/a |
| NBPT Acquisition LLC (Delayed Draw) | 7087 | 7410 |
| NBPT Acquisition LLC (Revolver) | 1888 | 2360 |
| NBPT Acquisition LLC (Equity Commitment) | 884 | 884 |
| Nellson Nutraceutical, LLC (Delayed Draw) | 1953 | 1953 |
| Nellson Nutraceutical, LLC (Revolver) | 3281 | 3984 |
| NFM & J, L.P. (Delayed Draw) | n/a | n/a |
| NFM & J, L.P. (Revolver) | 2988 | 3428 |
| Niteo Products, LLC (Revolver) | 4578 | 4578 |
| Northeast Contracting Company, LLC (Revolver) | 1250 | 1250 |
| NQ PE Project Colosseum Midco Inc. (Revolver) | 1825 | 1825 |
| Off Hours Spirits, Inc. / Hour Barrel, LLC (Revolver) | n/a | n/a |
| Onix Networking Corp. (Revolver) | 5000 | 5000 |
| OPOC Acquisition, LLC (Delayed Draw) | 2648 | 2648 |
| OPOC Acquisition, LLC (Revolver) | 1204 | 1204 |
| Optomi, LLC (Revolver) | 1382 | 1594 |

---

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **March 31, 2026** | **December 31, 2025** |
| Oranje Holdco, Inc. (Revolver) | n/a | n/a |
| Ossio, Inc. (Delayed Draw) | 2500 | n/a |
| OWL Acquisition, LLC (Delayed Draw) | 1283 | 1283 |
| OWL Acquisition, LLC (Revolver) | 2748 | 3403 |
| PAI Middle Tier, LLC (Revolver) | 3389 | 3227 |
| Palmdale Oil Company LLC (Delayed Draw) | 4348 | 4348 |
| Palmdale Oil Company LLC (Delayed Draw) | n/a | 1304 |
| Parkhub, Inc. (Delayed Draw) | 2586 | 171 |
| Parkhub, Inc. (Delayed Draw) | 385 | 392 |
| Parkhub, Inc. (Delayed Draw) | 4781 | 7878 |
| Parkhub, Inc. (Revolver) | 4713 | 4713 |
| PC Pest Buyer, LLC (Delayed Draw) | 7058 | 9466 |
| PC Pest Buyer, LLC (Revolver) | 8400 | 8400 |
| Phia Purchaser, LLC (Delayed Draw) | 2041 | 2041 |
| Phia Purchaser, LLC (Revolver) | 1225 | 1225 |
| PNE Interco LLC (Delayed Draw) | 884 | 884 |
| PNE Interco LLC (Revolver) | 4719 | 5899 |
| PrecisionX Group, LLC (Delayed Draw) | n/a | n/a |
| PrecisionX Group, LLC (Revolver) | n/a | 2402 |
| Premier Roofing L.L.C. (Revolver) | 159 | n/a |
| Premier Roofing L.L.C. (Revolver) | n/a | 578 |
| PRGX Global, Inc. (Revolver) | 2375 | 2375 |
| PRGX Global, Inc. (Revolver) | n/a | n/a |
| Project Accelerate Parent, LLC (Revolver) | 3125 | 3125 |
| Project Tahoe Acquisition Corporation (Revolver) | 4229 | n/a |
| Protecht Group Holdings Pty Ltd (Delayed Draw) | 5520 | 5338 |
| Protecht Group Holdings Pty Ltd (Delayed Draw) | 1759 | 2349 |
| Protecht Group Holdings Pty Ltd (Revolver) | 1104 | 1068 |
| Protecht Group Holdings Pty Ltd (Revolver) | 1600 | 1600 |
| Prototek LLC (Revolver) | 860 | 921 |
| Pursuit Buyer, LLC (Delayed Draw) | 1276 | n/a |
| Pursuit Buyer, LLC (Delayed Draw) | 5800 | n/a |
| Pursuit Buyer, LLC (Revolver) | 4350 | n/a |
| QF Holdings, Inc. (Revolver) | n/a | n/a |
| Quest Resource Management Group, LLC (Delayed Draw) | 6944 | 6944 |
| Rampart Exterior Services Buyer, Inc. (Delayed Draw) | n/a | n/a |
| Rampart Exterior Services Buyer, Inc. (Revolver) | 2679 | 2679 |
| Randys Holdings, Inc. (Delayed Draw) | 196 | 1048 |
| Randys Holdings, Inc. (Revolver) | 2159 | 2273 |
| Really Great Reading Company, Inc. (Revolver) | 3200 | 3200 |
| Recorded Future, Inc. (Class A units) | n/a | n/a |
| Recycled Plastics Industries, LLC (Revolver) | n/a | 446 |
| Relevant Industrial, LLC (Delayed Draw) | 7190 | 7190 |

---

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **March 31, 2026** | **December 31, 2025** |
| Relevant Industrial, LLC (Delayed Draw) | 3804 | 3804 |
| Relevant Industrial, LLC (Revolver) | 3043 | 2739 |
| Relevate Health Group, LLC (Revolver) | 789 | 789 |
| Resin Solutions LLC (Delayed Draw) | 2241 | 2241 |
| Resin Solutions LLC (Revolver) | 1010 | 1222 |
| Rita's Franchise Company, LLC (Revolver) | 1403 | 1799 |
| Ro Health, LLC (Revolver) | 907 | 747 |
| Russell Investments US Institutional Holdco, Inc. (Revolver) | n/a | n/a |
| Russell Investments US Institutional Holdco, Inc. (Revolver) | 2568 | 2568 |
| Russell Investments US Institutional Holdco, Inc. (Revolver) | 4622 | 4622 |
| SCP Baked Goods Holdings, LLC (Delayed Draw) | 3750 | 3750 |
| SCP Baked Goods Holdings, LLC (Revolver) | 1250 | 1250 |
| SCP Eye Care Holdco, LLC (Delayed Draw) | n/a | 1710 |
| SCP Eye Care Holdco, LLC (Revolver) | 1082 | 1442 |
| SCP Intermediate Holdings, LLC (Delayed Draw) | 3947 | 3947 |
| SDG Corporation (Delayed Draw) | 2727 | 2727 |
| SDG Corporation (Revolver) | 2046 | 2046 |
| SDG Mgmt Company, LLC (Delayed Draw) | n/a | n/a |
| SDG Mgmt Company, LLC (Delayed Draw) | 3487 | 5845 |
| SDG Mgmt Company, LLC (Delayed Draw) | n/a | n/a |
| SDG Mgmt Company, LLC (Delayed Draw) | n/a | n/a |
| SDG Mgmt Company, LLC (Revolver) | 1486 | 1486 |
| Second Avenue SFR Holdings II LLC (Revolver) | n/a | n/a |
| Securly, Inc. (Revolver) | n/a | 646 |
| Seran BioScience, LLC (Revolver) | 356 | 356 |
| SFR Holdco 2, LLC (Delayed Draw) | n/a | n/a |
| SFR Holdco 2, LLC (Equity commitment) | n/a | n/a |
| SheerTrans Solutions, LLC (Revolver) | 1505 | 740 |
| SHOOK Research, LLC (Revolver) | 2875 | 2875 |
| Signiant Inc. (Delayed Draw) | n/a | n/a |
| Signiant Inc. (Revolver) | 1875 | 1875 |
| SingleStore, Inc. (Delayed Draw) | 6714 | 8319 |
| SingleStore, Inc. (Revolver) | 8488 | 8488 |
| SIP Care Services, LLC (Revolver) | 46 | 380 |
| Sparq Holdings, Inc. (Delayed Draw) | n/a | n/a |
| Sparq Holdings, Inc. (Revolver) | 177 | 177 |
| Spherix Global Inc. (Revolver) | n/a | 250 |
| Sports Operating Holdings II, LLC (Delayed Draw) | n/a | n/a |
| Sports Operating Holdings II, LLC (Revolver) | 1731 | 1500 |
| StarCompliance MidCo, LLC (Revolver) | 2583 | 2583 |
| Steel City Wash, LLC (Delayed Draw) | 3158 | 3158 |
| Steel City Wash, LLC (Revolver) | 989 | 1242 |
| Streamland Media MidCo LLC (Delayed Draw) | 44 | 35 |

---

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **March 31, 2026** | **December 31, 2025** |
| Streamland Media MidCo LLC (Revolver) | n/a | n/a |
| Summit Professional Education, LLC (Delayed Draw) | 7357 | 7357 |
| Summit Professional Education, LLC (Revolver) | 1471 | 1471 |
| Sundy Village West Mezz Borrower, LLC (Delayed Draw) | n/a | n/a |
| Sundy Village West Mezz Borrower, LLC (Delayed Draw) | n/a | 3930 |
| Sunstates Security, LLC (Delayed Draw) | 6667 | 6667 |
| Talent Systems, LLC (Revolver) | 933 | 933 |
| Tavoron Buyer Corp. (Delayed Draw) | 4603 | 6958 |
| Tavoron Buyer Corp. (Revolver) | 192 | 195 |
| Tavoron Buyer Corp. (Revolver) | 1338 | 1338 |
| Tax Protection BuyCo, LLC (Delayed Draw) | 4706 | 4706 |
| Tax Protection BuyCo, LLC (Revolver) | 5882 | 5882 |
| The Black Tux, LLC (Delayed Draw) | n/a | 1104 |
| The Black Tux, LLC (Revolver) | 1167 | 1944 |
| The Gersh Agency, LLC (Delayed Draw) | 9510 | 12270 |
| The Gersh Agency, LLC (Revolver) | 1155 | 1468 |
| The Gersh Agency, LLC (Revolver) | 1816 | 1686 |
| The Kyjen Company, LLC (Revolver) | 315 | 315 |
| The Smilist DSO, LLC (Delayed Draw) | n/a | n/a |
| The Smilist DSO, LLC (Delayed Draw) | 1162 | 1954 |
| The Smilist DSO, LLC (Revolver) | 1974 | 1974 |
| TigerConnect, Inc. (Delayed Draw) | n/a | n/a |
| TigerConnect, Inc. (Delayed Draw) | n/a | n/a |
| TigerConnect, Inc. (Revolver) | 1429 | 1429 |
| Tiugo Group Holdings Corp (Delayed Draw) | 13178 | 13178 |
| Tiugo Group Holdings Corp (Revolver) | 6589 | 6589 |
| Together Women's Health, LLC (Delayed Draw) | 7244 | 7244 |
| Together Women's Health, LLC (Revolver) | 1552 | 1552 |
| Touchmath Acquisition LLC (Revolver) | 1429 | 1429 |
| Triad Financial Services, Inc. (Equity commitment) | 34953 | 34952 |
| Trilon Group, LLC (Delayed Draw) | n/a | n/a |
| Trilon Group, LLC (Delayed Draw) | 7313 | 7313 |
| Trilon Group, LLC (Revolver) | 3829 | 4874 |
| Truck-Lite Co., LLC (Delayed Draw) | n/a | n/a |
| Truck-Lite Co., LLC (Revolver) | n/a | n/a |
| Ultra Clean Holdco LLC (Delayed Draw) | 3750 | 3750 |
| Ultra Clean Holdco LLC (Revolver) | 3000 | 3000 |
| Unanet, Inc. (Delayed Draw) | 1350 | 1350 |
| Unanet, Inc. (Delayed Draw) | 1992 | 1992 |
| Unanet, Inc. (Revolver) | 4316 | 4316 |
| USLIVE OPCO, INC. (Revolver) | 2105 | 2105 |
| Valkyrie Buyer, LLC (Delayed Draw) | n/a | n/a |
| Valkyrie Buyer, LLC (Delayed Draw) | n/a | n/a |

---

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **March 31, 2026** | **December 31, 2025** |
| Valkyrie Buyer, LLC (Delayed Draw) | n/a | n/a |
| Valkyrie Buyer, LLC (Delayed Draw) | n/a | n/a |
| Valkyrie Buyer, LLC (Delayed Draw) | 2488 | 2488 |
| Valkyrie Buyer, LLC (Revolver) | 2667 | 2386 |
| Vanterra Holdings, LLC (Delayed Draw) | n/a | 21000 |
| Vanterra Holdings, LLC (Delayed Draw) | 10920 | 21000 |
| Vanterra Holdings, LLC (Revolver) | 6300 | 6300 |
| Varicent Intermediate Holdings Corporation (Delayed Draw) | 2826 | 2826 |
| Varicent Intermediate Holdings Corporation (Delayed Draw) | 3360 | 3989 |
| Varicent Intermediate Holdings Corporation (Revolver) | 5776 | 5776 |
| Velociti, LLC (Revolver) | 3789 | 3789 |
| Veritas Buyer, LLC and DecisionHR Holdings, Inc. (Delayed Draw) | 6125 | 6125 |
| Veritas Buyer, LLC and DecisionHR Holdings, Inc. (Revolver) | 3063 | 3063 |
| Vhagar Purchaser, LLC (Delayed Draw) | n/a | n/a |
| Vhagar Purchaser, LLC (Delayed Draw) | 6667 | 6667 |
| Vhagar Purchaser, LLC (Revolver) | 2667 | 2667 |
| Vhagar Purchaser, LLC (Revolver) | n/a | n/a |
| Volt Bidco, Inc. (Revolver) | 497 | 956 |
| Summit Restoration Group, LLC (fka Water Buyer, LLC) (Delayed Draw) | 6000 | 6000 |
| Summit Restoration Group, LLC (fka Water Buyer, LLC) (Revolver) | 2600 | 2600 |
| WebPT, Inc. (Revolver) | 521 | 67 |
| Whistler Parent Holdings III, Inc. (Delayed Draw) | n/a | n/a |
| Whistler Parent Holdings III, Inc. (Revolver) | 663 | 663 |
| WPEngine, Inc. (Revolver) | 1650 | 1650 |
| XanEdu Publishing, Inc. (Revolver) | 977 | 977 |
| Xpress Wellness, LLC (Delayed Draw) | 8550 | 8550 |
| Xpress Wellness, LLC (Revolver) | 2215 | 2215 |
| YBR OZ ECE, LLC (Delayed Draw) | 1600 | 1600 |
| YBR OZ ECE, LLC (Revolver) | 375 | 375 |
| ZI Intermediate II, Inc. (Revolver) | 6958 | 6958 |
| ZI Intermediate II, Inc. (Revolver) | n/a | n/a |
| Zodega Landscaping, LLC (Revolver) | 1587 | 992 |
| Zodega Landscaping, LLC (Equity Commitment) | 1197 | 1197 |
| &nbsp;&nbsp;**Total Unfunded Portfolio Company Commitments** | $1114528 | $1248056 |

---

*Indemnification:* In the normal course of business, the Company enters into contracts and agreements that contain a variety of representations and warranties that provide general indemnification. The Company's maximum exposure under these agreements is unknown, as these involve future claims that may be made against the Company but that have not occurred. The Company expects the risk of any future obligations under these indemnification provisions to be remote.

*Concentration of credit and counterparty risk:* Credit risk arises primarily from the potential inability of counterparties to perform in accordance with the terms of the contract. In the event that the counterparties do not fulfill their obligations, the Company may be exposed to risk. The risk of default depends on the creditworthiness of the counterparties or issuers of the instruments. It is the Company's policy to review, as necessary, the credit standing of each counterparty.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

*Market risk:* The Company's investments and borrowings are subject to market risk. Market risk is the potential for changes in the value due to market changes. Market risk is directly impacted by the volatility and liquidity in the markets in which the investments and borrowings are traded.

*Legal proceedings:* In the normal course of business, the Company may be subject to legal and regulatory proceedings that are generally incidental to its ongoing operations. While there can be no assurance of the ultimate disposition of any such proceedings, the Company is not currently aware of any such proceedings or disposition that would have a material adverse effect on the Company's consolidated financial statements.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

**Note 12. Financial Highlights**

The following are financial highlights for the three months ended March 31, 2026 and 2025:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2025** |
| **Per share data:** | | |
| Net asset value at beginning of period | $9.87 | $10.37 |
| Net investment income <sup>(1)</sup> | 0.23 | 0.25 |
| Net gain (loss) <sup>(1)</sup> | (0.10) | (0.03) |
| Net increase (decrease) in net assets resulting from operations <sup>(1)</sup> | 0.13 | 0.22 |
| Stockholder distributions declared <sup>(2)</sup> | (0.22) | (0.27) |
| Other <sup>(3)</sup> |  | 0.01 |
| Net asset value at end of period | $9.78 | $10.33 |
| Total return based on average net asset value <sup>(4)</sup> | 1.33% | 2.21% |
| **Ratio/Supplemental data:** |  |  |
| Net assets at end of period | $2783366 | $2442671 |
| Shares outstanding at end of period | 284582018 | 236563264 |
| Portfolio turnover <sup>(5)</sup> | 6.48% | 4.96% |
| Ratio of total investment income to average net assets <sup>(6)</sup> | 21.61% | 20.49% |
| Ratio of expenses to average net assets without waivers <sup>(6)</sup> | 11.39% | 10.53% |
| Ratio of expenses to average net assets with waivers <sup>(6)</sup> | 10.85% | 10.53% |
| Ratio of net investment income to average net assets without waivers <sup>(6)</sup> | 10.22% | 9.96% |
| Ratio of net investment income to average net assets with waivers <sup>(6)</sup> | 10.77% | 9.96% |

---

_________________________________________

<sup>(1)</sup> The per share data was derived by using the weighted average shares outstanding during the periods presented.

<sup>(2)</sup> The per share data for distributions reflects the actual amount of distributions declared during the period. Management monitors available taxable earnings, including net investment income and realized capital gains, to determine if a tax return of capital may occur for the year. To the extent the Company's taxable earnings fall below the total amount of the Company's distributions for that fiscal year, a portion of those distributions may be deemed a tax return of capital to the Company's stockholders. The tax character of distributions will be determined at the end of the fiscal year. However, if the character of such distributions were determined as of March 31, 2026 and 2025, none of the distributions would have been characterized as a tax return of capital to the Company's stockholders; this tax return of capital may differ from the return of capital calculated with reference to net investment income for financial reporting purposes.

<sup>(3)</sup> Includes the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date.

<sup>(4)</sup> Total return is calculated as the change in NAV per share during the period, divided by the beginning NAV per share and assumes reinvestment of dividends at prices obtained by the Company's dividend reinvestment plan during the period. Return calculation is not annualized.

<sup>(5)</sup> Ratio is not annualized.

<sup>(6)</sup> Ratios are annualized. To the extent incentive fees are included within the ratio, they are not annualized.

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<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)[&nbsp;&nbsp;&nbsp;&nbsp;](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**MONROE CAPITAL INCOME PLUS CORPORATION**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**(unaudited)**

**(in thousands, except share and per share data)**

**Note 13. Segment Reporting**

The Company operates through a single operating and reporting segment with an investment objective to generate both current income and capital appreciation through debt and equity investments. The CODM is comprised of the Company's Chief Executive Officer and Chief Financial Officer. The CODM assesses the performance and makes operating decisions of the Company on a consolidated basis primarily based on the Company's net increase (decrease) in net assets resulting from operations ("net income") and net investment income. In addition to numerous other factors and metrics, the CODM utilizes net income and net investment income as the key metrics in determining the amount of dividends to be distributed to the Company's stockholders. As the Company's operations comprise of a single reporting segment, the segment assets are reflected on the accompanying consolidated statements of assets and liabilities as "total assets" and the significant segment expenses are listed on the accompanying consolidated statements of operations.

**Note 14. Subsequent Events**

The Company has evaluated subsequent events through May 8, 2026, the date on which the consolidated financial statements were issued.

*Stock Issuances:* On April 1, 2026, the Company sold 2,014,437 shares for aggregate consideration of $19,701. On May 1, 2026, the Company received proceeds of $11,480 related to an additional share issuance to bring the total consideration the Company has received for stock issuances subsequent to March 31, 2026 to $31,181.

*Distributions:* On April 20, 2026, the Board declared a distribution of $0.071 per share, which was paid on April 28, 2026 to stockholders of record as of April 21, 2026. The total distribution paid was $20,348, $8,944 of which was reinvested pursuant to the Second Amended and Restated DRIP at a NAV per share of $9.78.

*Share Repurchases:* On April 30, 2026, the Company commenced its normal course quarterly tender offer pursuant to the Share Repurchase Program. The Company offered to purchase up to 14,229,101 shares of its issued and outstanding common stock. This amount represents approximately 5.0% of the Company's common stock outstanding as of March 31, 2026. The tender offer is for a price per share equal to the net asset value per share of the Company's common stock on April 30, 2026. The tender offer will expire at 11:59 P.M., Eastern Time, on May 29, 2026, unless otherwise extended.

The Company has fulfilled all repurchase requests since inception. The Company feels comfortable with its current state of liquidity and its liquidity management program. Subsequent to March 31, 2026, the Company has had net capital inflows totaling $40,125, comprised of (i) the issuance of shares in connection with its private offerings of $31,181 and (ii) the issuances of shares under the DRIP of $8,944.

*Asset Purchase:* On April 14, 2026, the Company completed the previously announced purchase of the assets of MRCC. The Asset Purchase was completed pursuant to the terms of the Asset Purchase Agreement among the Company, MRCC and MC Advisors. Pursuant to the Asset Purchase Agreement, at the closing of the Asset Purchase, the Company delivered to MRCC an aggregate purchase price of approximately $335,275, equal to the fair value of the Purchased Assets (as defined in the Asset Purchase Agreement) as of April 11, 2026, at which time MRCC sold to the Company all of its investment assets and the Company assumed certain liabilities with respect to such assets.

The Asset Purchase was structured to comply with the safe harbor provision of Rule 17a-8 of the 1940 Act. The foregoing description of the Asset Purchase Agreement is a summary only and is qualified in its entirety by reference to the full text of the Asset Purchase Agreement, a copy of which was filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed on August 8, 2025.

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**ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

Except as otherwise specified, references to "we," "us" and "our" refer to Monroe Capital Income Plus Corporation and its consolidated subsidiaries; MC Advisors refers to Monroe Capital BDC Advisors, LLC, our investment adviser and a Delaware limited liability company; MC Management refers to Monroe Capital Management Advisors, LLC, our administrator and a Delaware limited liability company; and Monroe Capital refers to Monroe Capital LLC, a Delaware limited liability company, and its subsidiaries and affiliates. The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes appearing in our annual report on Form 10-K (the "Annual Report") for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission ("SEC") on March 6, 2026. The information contained in this section should also be read in conjunction with our unaudited consolidated financial statements and related notes and other financial information appearing elsewhere in this quarterly report on Form 10-Q (the "Quarterly Report").

**FORWARD-LOOKING STATEMENTS**

This Quarterly Report, including Management's Discussion and Analysis of Financial Condition and Results of Operations, contains statements that constitute forward-looking statements, which relate to future events or our future performance or future financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our company, our industry, our beliefs and our assumptions. The forward-looking statements contained in this Quarterly Report involve risks and uncertainties, including statements as to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our, or our portfolio companies', future business, operations, operating results or prospects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the dependence of our future success on the general economy and its impact on the industries in which we invest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• political and regulatory conditions that contribute to uncertainty and market volatility including the impact of a U.S. government shutdown as well as the legislative, regulatory, trade (including tariffs) and other policies associated with the current U.S. administration;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of the ongoing military conflicts and general uncertainty surrounding the financial and political stability of the United States, the United Kingdom, the European Union, the Middle East and China;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of a protracted decline in the liquidity of credit markets on our business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to recover unrealized losses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of increased competition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of changing interest rates and elevated inflation rates and the risk of recession on our business prospects and the prospects of our portfolio companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the disruption of global shipping activities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our contractual arrangements and relationships with third parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the valuation of our investments in portfolio companies, particularly those having no liquid trading market;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• actual and potential conflicts of interest with MC Advisors, MC Management and other affiliates of Monroe Capital;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the financial condition of our current and prospective portfolio companies and their ability to achieve their objectives;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the use of borrowed money to finance a portion of our investments;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• market conditions and our ability to access different debt markets and additional debt and equity capital and our ability to manage our capital resources effectively;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the adequacy of our financing sources and working capital;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the timing of cash flows, if any, from the operations of our portfolio companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the ability of MC Advisors to locate suitable investments for us and to monitor and administer our investments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the ability of MC Advisors or its affiliates to attract and retain highly talented professionals;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of information technology system failures, data security breaches, data privacy compliance, network disruptions, and cybersecurity attacks;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to qualify and maintain our qualification as a regulated investment company and as a business development company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of future new and changing legislation and regulation on our business and our portfolio companies.

We use words such as "anticipates," "believes," "expects," "intends," "seeks," "plans," "estimates," "targets" and similar expressions to identify forward-looking statements. The forward-looking statements contained in this Quarterly Report on Form 10-Q involve risks and uncertainties. Our actual results could differ materially from those implied or expressed in the forward-looking statements for any reason, including the factors set forth in "*Part I-Item 1A. Risk Factors*" in this Quarterly Report on Form 10-Q and in "Risk Factors" in Part I, Item 1A in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on March 6, 2026 and elsewhere in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. Important assumptions include our ability to originate new loans and investments, certain margins and levels of profitability and the availability of additional capital. In light of these and other uncertainties, the inclusion of a projection or forward-looking statements in this Quarterly Report on Form 10-Q should not be regarded as a representation by us that our plans and objectives will be achieved.

We have based the forward-looking statements included in this Quarterly Report on Form 10-Q on information available to us on the date of this Quarterly Report on Form 10-Q, and we assume no obligation to update any such forward-looking statements. Although we undertake no obligation to revise or update any forward-looking statements in this Quarterly Report on Form 10-Q, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that we may make directly to you or through reports that we may file in the future with the U.S. Securities and Exchange Commission (the "SEC"), including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

**Overview**

Monroe Capital Income Plus Corporation is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act"). In addition, for U.S. federal income tax purposes we have elected to be treated as a regulated investment company ("RIC") under Subchapter M of the U.S. Internal Revenue Code of 1986, as amended (the "Code"). We currently qualify and intend to continue to qualify annually to be treated as a RIC for U.S. federal income tax purposes.

As an emerging growth company, we intend to take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act of 1933, as amended (the "Securities Act") for complying with new or revised accounting standards.

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We are a specialty finance company that is focused on providing financing solutions primarily to lower middle-market companies in the United States and Canada. We seek to provide investors with attractive risk-adjusted returns and downside protection associated with investing in asset based and secured corporate private credit opportunities in a manner that is decoupled from public markets' volatility. We seek to provide attractive risk-adjusted returns and downside protection by investing primarily in secured private credit transactions and assets, targeting investments that have significant downside protection through a focus on asset coverage. We expect to invest primarily in: (i) senior secured and junior secured and unsecured loans, notes, bonds, preferred equity (including preferred partnership equity), convertible debt and other securities; (ii) unitranche secured loans (a combination of senior secured and junior secured debt in the same facility in which we syndicate a "first out" portion of the loan to an investor and retain a "last out" portion of the loan) and securities; (iii) asset-based loans and securities; (iv) small business loans and leases; (v) structured debt and structured equity; (vi) syndicated loans; (vii) securitized debt and subordinated notes of collateralized loan obligations facilities, asset-backed securities and other securitized products and warehouse loan facilities; (viii) opportunities to acquire illiquid investments from other third-party funds as a result of liquidity constraints resulting from investor redemptions and market dislocations; and (ix) capital investments in the secondary markets. As of March 31, 2026, our portfolio included approximately 86.6% senior secured loans, 0.3% unitranche secured loans, 5.6% junior secured loans and 7.5% equity investments, compared to December 31, 2025, when our portfolio included approximately 87.4% senior secured loans, 0.6% unitranche secured loans, 4.8% junior secured loans and 7.2% equity investments. The companies in which we invest may be leveraged, often as a result of leveraged buyouts or other recapitalization transactions, and, in certain cases, will not be rated by national ratings agencies. If such companies were rated, we believe that they would typically receive a rating below investment grade (between BB and CCC under the Standard & Poor's system) from the national rating agencies.

We use Monroe Capital's extensive leveraged finance origination infrastructure and broad expertise in sourcing loans to invest in senior secured, unitranche secured and junior secured debt of middle-market companies. Our investment size will vary proportionately with the size of our capital base. We believe that our focus on lending to lower middle-market companies offers several advantages as compared to lending to larger companies, including more attractive economics, lower leverage, more comprehensive and restrictive covenants, more expansive events of default, relatively small debt facilities that provide us with enhanced influence over our borrowers, direct access to borrower management and improved information flow.

*Asset Purchase Agreement:* On August 7, 2025, we entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") with Monroe Capital Corporation ("MRCC"; NASDAQ: MRCC), and MC Advisors, our and MRCC's investment adviser. Pursuant to the Asset Purchase Agreement on the Closing Date (as defined in the Asset Purchase Agreement) we agreed to acquire the investment assets of MRCC at fair value, as determined shortly before the Closing Date, for cash (the "Asset Purchase").

Following the Closing Date, MRCC will merge with and into Horizon Technology Finance Corporation ("HRZN"; NASDAQ: HRZN), subject to the receipt of certain shareholder approvals and the satisfaction of other closing conditions (the "Merger"). See *Recent Developments* for discussion on the Asset Purchase and Merger.

The Asset Purchase Agreement contains certain representations, warranties and covenants of the parties that are customary for agreements of its type. Consummation of the Asset Purchase was subject to certain closing conditions, including (1) requisite approvals of MRCC stockholders, (2) the absence of certain legal impediments to the consummation of the Asset Purchase, (3) subject to certain exceptions, the accuracy of the representations and warranties and compliance with the covenants of each party to the Asset Purchase Agreement, (4) required regulatory approvals (including expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended), and (5) the satisfaction or waiver of the closing conditions in the merger agreement between MRCC and HRZN (other than the condition precedent with respect to the Asset Purchase).

Both the Asset Purchase and Merger are structured to comply with the safe harbor provision of Rule 17a-8 of the Investment Company Act of 1940, as amended. Both our and MRCC's boards of directors, including each of their respective independent directors (in each case, on the recommendation of a special committee of each such board comprised solely of certain independent directors of the applicable board), have approved the Asset Purchase Agreement and the transactions contemplated therein.

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***Stock Issuances and Share Repurchase Program***

*Stock Issuances:* We are currently conducting our second best efforts, continuous private offering of our common stock to "accredited investors" in reliance on an exemption from the registration requirements of the Securities Act (the "Second Private Offering"). At each closing an investor purchases shares of our common stock pursuant to a subscription agreement entered into with us. At each closing, investors are required to fund their full subscription to purchase shares of our common stock.

The following table summarizes the issuance of shares of our common stock pursuant to the Second Private Offering (in thousands except shares and per share data) during the three months ended March 31, 2026 and 2025:

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| | | | |
|:---|:---|:---|:---|
| **Date** | **Price<br>Per Share** | **Shares Issued** | **Proceeds** |
| **Three months ended March 31, 2026** | | | |
| January 2, 2026 | $9.87 | 4690159 | $46292 |
| February 2, 2026 | $9.87 | 2597869 | 25641 |
| March 2, 2026 | $9.80 | 2876264 | 28187 |
| &nbsp;&nbsp;&nbsp;Total |  | 10164292 | $100120 |

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| | | | |
|:---|:---|:---|:---|
| **Date** <sup>(1)</sup> | **Price Per<br>Share** | **Shares Issued** | **Proceeds** |
| **Three months ended March 31, 2025:** | | | |
| March 20, 2025 | $10.37 | 36340819 | $376854 |
| &nbsp;&nbsp;&nbsp;Total |  | 36340819 | $376854 |

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<sup>(1)</sup> We began monthly closings for our private offering in October 2025, and as a result, the 2025 period reflects the share issuances at that time.

We have adopted a dividend reinvestment plan ("DRIP") that provides for the reinvestment of dividends and other distributions on behalf of our stockholders that elect to participate in such plan. When we declare a dividend or distribution, our stockholders' cash distributions will only be reinvested in additional shares of our common stock if a stockholder specifically "opts in" to the DRIP at least ten (10) days prior to the record date fixed by the Board. Shares issued under the DRIP were issued at a price per share equal to the net asset value ("NAV") per share as of the last day of our fiscal quarter immediately preceding the date that the distribution was declared.

On November 4, 2025, the Board approved the second amended and restated dividend reinvestment plan (the "Second Amended and Restated DRIP"), which amended the price per share used for distributions reinvested to be the most recent NAV per share as of the most recent effective date on which shares are issued to our investors in a closing of a private offering immediately preceding the payment date of such distribution in order to better align with monthly share issuances.

*Share Repurchase Program:* During 2022, we commenced a quarterly share repurchase program pursuant to which we intend to repurchase, in each quarter, up to 5% of our shares of common stock outstanding as of the close of the previous calendar quarter (the "Share Repurchase Program"), subject to the discretion of our board of directors (the "Board") and the availability of cash to fund such repurchases. Our Board may amend, suspend or terminate the Share Repurchase Program if it deems such action to be in our best interest and the best interest of our stockholders.

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The following table summarizes the total shares repurchased that were validly tendered and not withdrawn in tender offers under the Share Repurchase Program (in thousands except shares and per share data) three months ended March 31, 2026 and 2025:

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| | | | |
|:---|:---|:---|:---|
| **Date** | **Price <br>Per Share** | **Shares <br>Repurchased** | **Total Cost** |
| **Three months ended March 31, 2026** | | | |
| February 27, 2026 | $9.87 | 15199220 | $150016 |
| &nbsp;&nbsp;&nbsp;Total |  | 15199220 | $150016 |

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| | | | |
|:---|:---|:---|:---|
| **Date** | **Price <br>Per Share** | **Shares <br>Repurchased** | **Total Cost** |
| **Three months ended March 31, 2025** | | | |
| March 28, 2025 | $10.37 | 774968 | $8037 |
| &nbsp;&nbsp;&nbsp;Total |  | 774968 | $8037 |

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***Investment income***

We generate interest income on the debt investments in portfolio company investments that we originate or acquire. Our debt investments, whether in the form of senior secured, unitranche secured or junior secured debt, typically have an initial term of three to seven years and bear interest at a fixed or floating rate. In some instances, we receive payments on our debt investments based on scheduled amortization of the outstanding balances. In addition, we receive repayments of some of our debt investments prior to their scheduled maturity date. In some cases, our investments provide for deferred interest of payment-in-kind ("PIK") interest. In addition, we may generate revenue in the form of commitment, origination, amendment, structuring or due diligence fees, fees for providing managerial assistance and consulting fees. Loan origination fees, original issue discount and market discount or premium are capitalized, and we accrete or amortize such amounts as interest income. We record prepayment premiums and prepayment gains (losses) on loans as interest income. As the frequency or volume of the repayments that trigger these prepayment premiums and prepayment gains (losses) may fluctuate significantly from period to period, the associated interest income recorded may also fluctuate significantly from period to period. Interest and fee income is recorded on the accrual basis to the extent we expect to collect such amounts. Interest income is accrued based upon the outstanding principal amount and contractual terms of debt and preferred equity investments. Interest is accrued on a daily basis. We record fees on loans based on the determination of whether the fee is considered a yield enhancement or payment for a service. If the fee is considered a yield enhancement associated with a funding of cash on a loan, the fee is generally deferred and recognized into interest income using the effective interest method if captured in the cost basis or using the straight-line method if the loan is unfunded and therefore there is no cost basis. If the fee is not considered a yield enhancement because a service was provided, and the fee is payment for that service, the fee is deemed earned and recorded as other income in the period the service is completed.

Dividend income on preferred equity investments is recorded as dividend income on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity investments is recorded on the record date for private portfolio companies. Each distribution received from limited liability company ("LLC") and limited partnership ("LP") investments is evaluated to determine if the distribution should be recorded as dividend income or a return of capital. Generally, we will not record distributions from equity investments in LLCs and LPs as dividend income unless there are sufficient accumulated tax-basis earnings and profits in the LLC or LP prior to the distribution. Distributions that are classified as a return of capital are recorded as a reduction in the cost basis of the investment. The frequency and volume of the distributions on common equity investments and LLC and LP investments may fluctuate significantly from period to period.

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***Expenses***

Our primary operating expenses include the payment of base management and incentive fees to MC Advisors under the Amended and Restated Investment Advisory and Management Agreement entered into on March 31, 2025 (the "Amended Investment Advisory Agreement"), the payment of fees to MC Management for our allocable portion of overhead and other expenses under the administration agreement entered into on December 5, 2018 (the "Administration Agreement"), and other operating costs. See Note 6 to our consolidated financial statements and "*Related Party Transactions*" below for additional information on our Amended Investment Advisory Agreement and Administration Agreement. Our expenses also include interest expense on indebtedness. We bear all other out-of-pocket costs and expenses of our operations and transactions.

***Net gain (loss)***

We recognize realized gains or losses on investments, foreign currency forward contracts and foreign currency and other transactions based on the difference between the net proceeds from the disposition and the cost basis without regard to unrealized gains or losses previously recognized within net realized gain (loss) on the consolidated statements of operations. We record current period changes in fair value of investments, foreign currency forward contracts, foreign currency and other transactions within net change in unrealized gain (loss) on the consolidated statements of operations.

**Portfolio and Investment Activity**

During the three months ended March 31, 2026, we invested $151.6 million in 13 new portfolio companies, $230.3 million in 94 existing portfolio companies and had $376.9 million in aggregate amount of sales and principal repayments, resulting in a net increase in investments of $5.0 million for the period.

During the three ended March 31, 2025, we invested $419.7 million in 24 new portfolio companies, $299.0 million in 83 existing portfolio companies and had $211.4 million in aggregate amount of sales and principal repayments, resulting in a net increase in investments of $507.3 million for the period.

The following table shows portfolio yield by investment type as of March 31, 2026 and December 31, 2025:

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| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| | **Weighted Average**<br>**Annualized**<br>**Contractual**<br>**Coupon**<br>**Yield** <sup>(1)</sup> | **Weighted**<br>**Average**<br>**Annualized**<br>**Effective**<br>**Yield** <sup>(2)</sup> | **Weighted Average**<br>**Annualized**<br>**Contractual**<br>**Coupon**<br>**Yield** <sup>(1)</sup> | **Weighted**<br>**Average**<br>**Annualized**<br>**Effective**<br>**Yield** <sup>(2)</sup> |
| Senior secured loans | 9.1% | 9.1% | 9.4% | 9.4% |
| Unitranche secured loans | 10.4 | 11.8 | 9.8 | 10.9 |
| Junior secured loans | 10.0 | 10.0 | 10.1 | 10.1 |
| Equity investments | 8.9 | 8.9 | 8.8 | 8.8 |
| &nbsp;&nbsp;Total | 9.2% | 9.2% | 9.4% | 9.4% |

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<sup>(1)</sup> The weighted average annualized contractual coupon yield at period end is computed by dividing (a) the interest income on our debt investments and preferred equity investments (with a stated coupon rate) at the period end contractual coupon rate for each investment by (b) the par value of our debt investments and the cost basis of our preferred equity investments.

<sup>(2)</sup> The weighted average annualized effective yield on portfolio investments at period end is computed by dividing (a) interest income on our debt investments and preferred equity investments (with a stated coupon rate) at the period end effective rate for each investment by (b) the par value of our debt investments and the cost basis of our preferred equity investments. The weighted average annualized effective yield on portfolio investments is a metric on the investment portfolio alone and does not represent a return to stockholders. This metric is not inclusive of our fees and expenses, the impact of leverage on the investment portfolio or sales load that may be paid by stockholders.

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The following table shows the composition of our investment portfolio at fair value and as percentage of our total investments at fair value (in thousands) as of March 31, 2026 and December 31, 2025:

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| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| **Fair Value:** | | | | |
| &nbsp;&nbsp;&nbsp;Senior secured loans | $5029403 | 86.6% | $5090861 | 87.4% |
| &nbsp;&nbsp;&nbsp;Unitranche secured loans | 18159 | 0.3 | 35414 | 0.6 |
| &nbsp;&nbsp;&nbsp;Junior secured loans | 320109 | 5.6 | 277025 | 4.8 |
| &nbsp;&nbsp;&nbsp;Equity investments | 436886 | 7.5 | 416455 | 7.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $5804557 | 100.0% | $5819755 | 100.0% |

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Our portfolio composition at March 31, 2026 remained relatively consistent with our portfolio at December 31, 2025, with changes resulting primarily from investments in new and existing portfolio companies, offset by sales and principal repayments. As of March 31, 2026, our yields decreased compared to December 31, 2025, primarily due to decreases in base rates on our loan portfolio.

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The following table shows our portfolio composition by industry at fair value and as percentage of our total investments at fair value (in thousands) as of March 31, 2026 and December 31, 2025:

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| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| **Fair Value:** | | | | |
| &nbsp;&nbsp;Aerospace & Defense | $37596 | 0.6% | $40434 | 0.7% |
| &nbsp;&nbsp;Automotive | 52590 | 0.9 | 61039 | 1.0 |
| &nbsp;&nbsp;Banking | 40681 | 0.7 | 40681 | 0.7 |
| &nbsp;&nbsp;Beverage, Food & Tobacco | 146773 | 2.5 | 145549 | 2.5 |
| &nbsp;&nbsp;Capital Equipment | 201387 | 3.5 | 272138 | 4.7 |
| &nbsp;&nbsp;Chemicals, Plastics & Rubber | 54436 | 0.9 | 53692 | 0.9 |
| &nbsp;&nbsp;Construction & Building | 298568 | 5.1 | 282687 | 4.9 |
| &nbsp;&nbsp;Consumer Goods: Durable | 45212 | 0.8 | 54861 | 0.9 |
| &nbsp;&nbsp;Consumer Goods: Non-Durable | 77918 | 1.3 | 80235 | 1.4 |
| &nbsp;&nbsp;Containers, Packaging & Glass | 90346 | 1.6 | 57516 | 1.0 |
| &nbsp;&nbsp;Energy: Oil & Gas | 191 | 0.0 \* | 133 | 0.0 \* |
| &nbsp;&nbsp;Environmental Industries | 102477 | 1.8 | 100594 | 1.7 |
| &nbsp;&nbsp;FIRE: Finance | 394126 | 6.8 | 401245 | 6.9 |
| &nbsp;&nbsp;FIRE: Real Estate | 171319 | 3.0 | 173367 | 3.0 |
| &nbsp;&nbsp;Healthcare & Pharmaceuticals | 851618 | 14.7 | 822082 | 14.1 |
| &nbsp;&nbsp;High Tech Industries | 767067 | 13.2 | 768219 | 13.2 |
| &nbsp;&nbsp;Hotels, Gaming & Leisure | 304 | 0.0 \* | 122 | 0.0 \* |
| &nbsp;&nbsp;Media: Advertising, Printing & Publishing | 301268 | 5.2 | 324332 | 5.6 |
| &nbsp;&nbsp;Media: Broadcasting & Subscription | 474 | 0.0 \* | 523 | 0.0 \* |
| &nbsp;&nbsp;Media: Diversified & Production | 85965 | 1.5 | 88577 | 1.5 |
| &nbsp;&nbsp;Retail | 14976 | 0.3 | 14624 | 0.3 |
| &nbsp;&nbsp;Services: Business | 1331015 | 22.9 | 1299308 | 22.3 |
| &nbsp;&nbsp;Services: Consumer | 361145 | 6.2 | 338841 | 5.8 |
| &nbsp;&nbsp;Telecommunications | 80952 | 1.4 | 122038 | 2.1 |
| &nbsp;&nbsp;Transportation: Cargo | 210656 | 3.6 | 201888 | 3.5 |
| &nbsp;&nbsp;Transportation: Consumer | 6102 | 0.1 |  |  |
| &nbsp;&nbsp;Utilities: Electric | 37999 | 0.7 | 36030 | 0.6 |
| &nbsp;&nbsp;Wholesale | 41396 | 0.7 | 39000 | 0.7 |
| &nbsp;&nbsp;&nbsp;Total | $5804557 | 100.0% | $5819755 | 100.0% |

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\*Represents an amount less than 0.1%.

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The following table presents certain selected information regarding our investment portfolio as of March 31, 2026 and December 31, 2025:

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| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| Number of portfolio companies | 282 | 282 | 284 | 284 |
| Weighted average EBITDA <sup>(1)(2)</sup> | $| 32817 | $| 32896 |
| Median EBITDA <sup>(1)(2)</sup> | $| 20093 | $| 19100 |
| Weighted average loan-to-value ("LTV") <sup>(3)(4)</sup> | 37.5% | 37.5% | 38.0% | 38.0% |
| Weighted average leverage <sup>(2)(5)</sup> | 4.22x | 4.22x | 4.23x | 4.23x |
| Weighted average interest coverage ratio ("ICR") <sup>(3)(6)</sup> | 2.79x | 2.79x | 2.79x | 2.79x |
| Percentage of sponsored deals <sup>(3)(7)</sup> | 89.5% | 89.5% | 90.0% | 90.0% |
| Portfolio companies with one or more covenant <sup>(8)(9)</sup> | 99.0% | 99.0% | 99.2% | 99.2% |

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**________________________________________________________**

<sup>(1)</sup> EBITDA refers to adjusted earnings before interest, taxes, depreciation, and amortization ("EBITDA") in accordance with the underlying governing documents, over the last twelve months as reported by respective borrower at the time of investment closing. Weighted average EBITDA is weighted based on the fair value of the total applicable investments.

<sup>(2)</sup> Measure excludes (a) investments where EBITDA may not be the appropriate measure of credit risk, such as investments that are underwritten on recurring revenue and asset-based loans, and (b) syndicated loans which primarily represent more liquid loans we hold as part of our liquidity management strategy.

<sup>(3)</sup> Measure excludes syndicated loans we hold as part of our liquidity management strategy.

<sup>(4)</sup> LTV is calculated as net debt through each respective investment tranche in which we hold an investment divided by estimated enterprise value or value of the underlying collateral of the portfolio company as reported by the respective borrower at the time of investment closing. Weighted average LTV is weighted based on the fair value of the total applicable investments.

<sup>(5)</sup> For a particular portfolio company, we calculate the level of contractual indebtedness net of cash ("net debt") owed by the portfolio company and compare that amount to measures of cash flow available to service the net debt. To calculate net debt, we include debt that is both senior and pari passu to the tranche of debt owned by us but exclude debt that is legally and contractually subordinated in ranking to the debt owned by us. We believe this calculation method assists in describing the risk of our portfolio investments, as it takes into consideration contractual rights of repayment of the tranche of debt owned by us relative to other senior and junior creditors of a portfolio company. We typically calculate cash flow available for debt service at a portfolio company by taking EBITDA for the trailing twelve-month period at the time of investment closing. Weighted average net debt to EBITDA is weighted based on the fair value of the total applicable investments.

<sup>(6)</sup> ICR is estimated as the ratio as of the time of the investment closing of the trailing twelve-month period EBITDA to cash interest projected to be paid over a twelve-month period. EBITDA is calculated in accordance with the underlying governing documents, over the last twelve months as reported by respective borrowers at the time of investment closing.

<sup>(7)</sup> Represents the percentage of the number of investments in portfolio companies that are owned by a private equity firm, as a percentage of fair value of total applicable investments.

<sup>(8)</sup> Measure excludes syndicated loans we hold as a part of our liquidity management strategy and asset-based loans.

<sup>(9)</sup> Represents the percentage of the number of debt investments in portfolio companies which include one or more covenant in the credit agreement, as a percentage of fair value of total applicable investments.

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**Portfolio Asset Quality**

MC Advisors' portfolio management staff closely monitors all credits, with senior portfolio managers covering agented and more complex investments. MC Advisors segregates our capital markets investments by industry. The MC Advisors' monitoring process and projections developed by Monroe Capital both have daily, weekly, monthly and quarterly components and related reports, each to evaluate performance against historical, budget and underwriting expectations. MC Advisors' analysts will monitor performance using standard industry software tools to provide consistent disclosure of performance. When necessary, MC Advisors will update our internal risk ratings, borrowing base criteria and covenant compliance reports.

As part of the monitoring process, MC Advisors regularly assesses the risk profile of each of our investments and rates each of them based on an internal proprietary system that uses the categories listed below, which we refer to as MC Advisors' investment performance risk rating. For any investment rated in Grades 3, 4 or 5, MC Advisors, through its internal Portfolio Management Group ("PMG"), will increase its monitoring intensity and prepare regular updates for the investment committee, summarizing current operating results and material impending events and suggesting recommended actions. The PMG is responsible for oversight and management of any investments rated in Grades 3, 4, or 5. MC Advisors monitors and, when appropriate, changes the investment ratings assigned to each investment in our portfolio. In connection with our valuation process, MC Advisors reviews these investment performance risk ratings on a quarterly basis. The investment performance risk rating system is described as follows:

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| | |
|:---|:---|
| **Investment**<br>**Performance**<br>**Risk Rating** | **Summary Description** |
| Grade 1 | Includes investments exhibiting the least amount of risk in our portfolio. The issuer is performing above expectations or the issuer's operating trends and risk factors are generally positive. |
| Grade 2 | Includes investments exhibiting an acceptable level of risk that is similar to the risk at the time of origination. The issuer is generally performing as expected or the risk factors are neutral to positive. |
| Grade 3 | Includes investments performing below expectations and indicates that the investment's risk has increased somewhat since origination. The issuer may be out of compliance with debt covenants; however, scheduled loan payments are generally not past due. |
| Grade 4 | Includes an issuer performing materially below expectations and indicates that the issuer's risk has increased materially since origination. In addition to the issuer being generally out of compliance with debt covenants, scheduled loan payments may be past due (but generally not more than six months past due). |
| Grade 5 | Indicates that the issuer is performing substantially below expectations and the investment risk has substantially increased since origination. Most or all of the debt covenants are out of compliance or payments are substantially delinquent. Investments graded 5 are not anticipated to be repaid in full. |

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Our investment performance risk ratings do not constitute any rating of investments by a nationally recognized statistical rating organization or reflect or represent any third-party assessment of any of our investments.

In the event of a delinquency or a decision to rate an investment Grade 4 or Grade 5, the PMG, in consultation with the investment committee, will develop an action plan. Such a plan may require a meeting with the borrower's management or the lender group to discuss reasons for the default and the steps management is undertaking to address the under-performance, as well as amendments and waivers that may be required. In the event of a dramatic deterioration of a credit, MC Advisors and the PMG will form a team or engage outside advisors to analyze, evaluate and take further steps to preserve our value in the credit. In this regard, we would expect to explore all options, including in a private equity sponsored investment, assuming certain responsibilities for the private equity sponsor or a formal sale of the business with oversight of the sale process by us. The PMG and the investment committee have extensive experience in running debt work-out transactions and bankruptcies.

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The following table shows the distribution of our investments on the 1 to 5 investment performance risk rating scale as of March 31, 2026 (in thousands):

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| | | |
|:---|:---|:---|
| **Investment Performance Risk Rating** | **Investments at<br>Fair Value** | **Percentage of <br>Total Investments** |
| 1 | $— | —% |
| 2 | 5385307 | 92.8 |
| 3 | 327499 | 5.6 |
| 4 | 88310 | 1.5 |
| 5 | 3441 | 0.1 |
| Total | $5804557 | 100.0% |

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The following table shows the distribution of our investments on the 1 to 5 investment performance risk rating scale as of December 31, 2025 (in thousands):

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| | | |
|:---|:---|:---|
| **Investment Performance Risk Rating** | **Investments at<br>Fair Value** | **Percentage of <br>Total Investments** |
| 1 | $— | —% |
| 2 | 5421533 | 93.2 |
| 3 | 324130 | 5.5 |
| 4 | 73569 | 1.3 |
| 5 | 523 | 0.0 \* |
| Total | $5819755 | 100.0% |

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**________________________________________________________**

\*Represents an amount less than 0.1%.

As of March 31, 2026, there were 20 borrowers with debt or preferred equity investments on non-accrual status and these investments totaled $79.0 million at fair value, or 1.4% of our total investments at fair value at March 31, 2026. As of December 31, 2025, there were 17 borrowers with debt or preferred equity investments on non-accrual status and these investments totaled $67.7 million at fair value, or 1.2% of our total investments at fair value at December 31, 2025.

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**Results of Operations**

Operating results for the three months ended March 31, 2026 and 2025 were as follows (in thousands):

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| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Total investment income | $149597 | $113430 |
| Total operating expenses, net of fee waivers | 82278 | 62633 |
| &nbsp;&nbsp;Net investment income before income taxes | 67319 | 50797 |
| Income taxes, including excise taxes | 27 | 375 |
| &nbsp;&nbsp;Net investment income | 67292 | 50422 |
| Net realized gain (loss) on investments | (11734) | 118 |
| Net realized gain (loss) on foreign currency forward contracts | (87) | 54 |
| Net realized gain (loss) on foreign currency and other transactions | 76 | (46) |
| &nbsp;&nbsp;Net realized gain (loss) | (11745) | 126 |
| Net change in unrealized gain (loss) on investments | (18108) | (3044) |
| Net change in unrealized gain (loss) on foreign currency forward contracts | (176) | (747) |
| Net unrealized gain (loss) on foreign currency and other transactions | 585 | (2757) |
| &nbsp;&nbsp;Net change in unrealized gain (loss) | (17699) | (6548) |
| &nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | $37848 | $44000 |

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***Investment Income***

The composition of our investment income for the three months ended March 31, 2026 and 2025 was as follows (in thousands):

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| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Interest income | $132946 | $103899 |
| PIK interest income | 4568 | 3145 |
| Dividend income <sup>(1)</sup> | 3911 | 481 |
| Other income | 2576 | 455 |
| Prepayment gain (loss) | 1038 | 1324 |
| Accretion of discounts and amortization of premiums | 4558 | 4126 |
| Total investment income | $149597 | $113430 |

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<sup>(1)</sup> During the three months ended March 31, 2026 and 2025, dividend income includes PIK dividends of $558 and $429, respectively.

Total investment income increased $36.2 million during the three months ended March 31, 2026, as compared to the three months ended March 31, 2025, primarily due to an increase in interest income as a result of the increase in average invested assets. These increases in interest income as a result of the increases in average invested assets were partially offset by declines in effective rates driven primarily by the declines in base rates.

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***Operating Expenses***

The composition of our operating expenses for the three months ended March 31, 2026 and 2025 was as follows (in thousands):

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| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Interest and other debt financing expenses | $52997 | $39593 |
| Base management fees, net of base management fee waivers <sup>(1)</sup> | 15154 | 14076 |
| Incentive fees <sup>(2)</sup> | 9613 | 6286 |
| Professional fees | 1363 | 729 |
| Administrative service fees | 1548 | 962 |
| General and administrative expenses | 1565 | 949 |
| Directors' fees | 38 | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses, net of fee waivers | $82278 | $62633 |

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<sup>(1)</sup> Base management fees for the three months ended March 31, 2026 and 2025 were $18,942 and $14,076, respectively. MC Advisors elected to voluntarily waive $3,788 and zero of such base management fees for the three months ended March 31, 2026 and 2025, respectively. Such waivers are not subject to recoupment by MC Advisors. There is no guarantee that MC Advisors will waive any base management fees in the future.

<sup>(2)</sup> Incentive fees for the three months ended March 31, 2026 and 2025 were $9,613 and $6,286, comprised of part one incentive fees of $9,613 and $7,089, and part two capital gains fees of zero and a reversal of previously accrued fees of $803, respectively. See Note 6 to our consolidated financial statements and *Capital Gains Incentive Fee* for additional information.

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The composition of our interest and other debt financing expenses, average debt outstanding and average stated interest rate (i.e., the rate in effect plus spread) for the three months ended March 31, 2026 and 2025 were as follows (in thousands):

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| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Interest expense - Revolving Credit Facility | 6186 | 7596 |
| Interest expense - SPV Credit Facility | 3155 | 3915 |
| Interest expense - SPV II Credit Facility | 9313 | 3118 |
| Interest expense - SPV III Credit Facility | 2308 | 1563 |
| Interest expense - SPV IV Credit Facility | 2898 | 4743 |
| Interest expense - SPV V Credit Facility | 2240 | 362 |
| Interest expense - 2022 ABS | 2311 | 3010 |
| Interest expense - 2023 ABS | 3645 | 3913 |
| Interest expense - 2025 ABS | 6689 |  |
| Interest expense - July 2028 Notes | 651 |  |
| Interest expense - November 2028 Notes | 2355 | 2355 |
| Interest expense - December 2028 Notes | 2355 | 2355 |
| Interest expense - July 2029 Notes | 2913 | 2914 |
| Interest expense - September 2029 Notes | 896 | 896 |
| Interest expense - July 2030 Notes | 2644 |  |
| Amortization of debt issuance costs | 2438 | 2853 |
| &nbsp;&nbsp;Total interest and other debt financing expenses | 52997 | 39593 |
| Average debt outstanding | 3194128 | 2128049 |
| Average stated interest rate | 6.4% | 7.0% |

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Total operating expenses, net of fee waivers, increased by $19.6 million during the three months ended March 31, 2026, compared to the three months ended March 31, 2025, primarily due to an increase in interest and other debt financing expenses from higher average borrowings outstanding to support portfolio growth, partially offset by lower cost of debt primarily driven by a reduced interest rate environment. Additionally, increases in incentive fees, resulting from higher net investment income, contributed to the increase in operating expenses and base management fees from higher invested assets were partially offset by a voluntary base management fee waiver.

***Income Taxes, Including Excise Taxes***

We have elected to be treated, currently qualify and intend to continue to qualify annually, as a RIC under Subchapter M of the Code and operate in a manner so as to qualify for the U.S. federal income tax treatment available to RICs. To maintain qualification as a RIC, we must, among other things, meet certain source-of-income and asset diversification requirements and distribute to stockholders, for each taxable year, at least 90% of our "investment company taxable income," which is generally our net ordinary income plus the excess, if any, of realized net short-term capital gains over realized net long-term capital losses.

Depending on the level of taxable income earned in a tax year, we may choose to carry forward such taxable income in excess of current year dividend distributions from such current year taxable income into the next year and pay U.S. federal income tax at corporate rates and a 4% excise tax on such income, as required. To the extent that we determine that our estimated current year annual taxable income may exceed estimated current year dividend distributions, we accrue excise tax, if any, on estimated excess taxable income as such taxable income is earned. For the three months ended March 31, 2026 and 2025, we recorded a net expense on the consolidated statements of operations of $0.1 million and $0.4 million, respectively, for U.S. federal excise tax.

Certain of our consolidated subsidiaries are subject to U.S. federal and state corporate-level income taxes. For the three months ended March 31, 2026 and 2025, we recorded a net tax expense of $(45) thousand and zero respectively, on the consolidated statements of operations for these subsidiaries.

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***Net Realized Gain (Loss)***

During the three months ended March 31, 2026 and 2025, sales or dispositions of investments resulted in $(11.7) million and $0.1 million of net realized gain (loss) on investments, respectively.

We have entered and may continue to enter into foreign currency forward contracts to reduce our exposure to foreign currency exchange rate fluctuations. During the three months ended March 31, 2026 and 2025, we had $(0.1) million and $0.1 million of net realized gain (loss) on foreign currency forward contracts, respectively. During the three months ended March 31, 2026 and 2025, we had $0.1 million and $(46.0) thousand of net realized gain (loss) on foreign currency and other transactions, respectively.

***Net Change in Unrealized Gain (Loss)***

For the three months ended March 31, 2026 and 2025, our investments had $(18.1) million and $(3.0) million of net change in unrealized gain (loss), respectively. The net change in unrealized gain (loss) includes both unrealized gain on investments in our portfolio with mark-to-market gains during the periods and unrealized loss on investments in our portfolio with mark-to-market losses during the periods.

During the three months ended March 31, 2026, the net change in unrealized loss on investments was primarily driven by mark-to-market losses from certain portfolio companies that have underlying credit performance concerns resulting in a risk rating of Grade 3, 4 or 5 on our investment performance risk rating scale and net unrealized losses of $5.7MM on more liquid investments that were still held as of March 31, 2026. The net change in unrealized loss also included the impact of the reversal of prior period mark-to-market declines on certain more liquid investments that were realized upon sale during the period, resulting in the reversal of previously recorded unrealized losses. As a result, a portion of the $11.7 million of realized losses on investments recognized during the period relates to these liquid loan positions that had been previously marked down and does not represent new fair market value declines in the current period. Excluding the impact of these realizations, unrealized losses on certain more liquid investments were driven by broad market conditions. These declines in fair value were partially offset by net unrealized gains attributable to broad market movements and improvements in fundamental performance at our portfolio companies.

During the three months ended March 31, 2025, the net change in unrealized loss on investments was primarily driven by mark-to-market losses from certain portfolio companies that have underlying credit performance concerns resulting in a risk rating of Grade 3, 4 or 5 on our investment performance risk rating scale that were still held as of March 31, 2025. These declines in fair value were partially offset by net unrealized gains attributable to broad market movements and improvements in fundamental performance at our portfolio companies.

For the three months ended March 31, 2026 and 2025, our foreign currency forward contracts had $(0.2) million and $(0.7) million of net change in unrealized gain (loss), respectively.

For the three months ended March 31, 2026 and 2025, our foreign currency and other transactions had $0.6 million and $(2.8) million of net change in unrealized gain (loss), respectively. Net unrealized gains (losses) on foreign currency and other transactions primarily relate to our foreign currency borrowings.

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***Net Increase (Decrease) in Net Assets Resulting from Operations***

For the three months ended March 31, 2026 and 2025, the net increase (decrease) in net assets resulting from operations was $37.8 million and $44.0 million, respectively. Based on the weighted average shares of common stock outstanding for the three months ended March 31, 2026 and 2025, our per share net increase (decrease) in net assets resulting from operations was $0.13 and $0.22, respectively.

**Liquidity and Capital Resources**

We generate cash primarily from (i) the net proceeds of private offerings, (ii) cash flows from our operations, and (iii) borrowings under our existing leverage facilities and any financing arrangements we may enter into in the future. These financings may come in the form of borrowings from banks and issuances of senior securities. Our primary uses of cash are for (i) investments in portfolio companies and other investments to comply with certain portfolio diversification requirements, (ii) the cost of operations (including paying MC Advisors and reimbursements to MC Management), (iii) debt service of any borrowings, (iv) share repurchases under our share repurchase program and (v) cash distributions to our stockholders.

As of March 31, 2026, we had $50.1 million in cash and cash equivalents and $204.6 million in restricted cash and cash equivalents. Restricted cash and cash equivalents includes amounts held within our wholly-owned financing subsidiaries and is generally restricted to use for the origination of new investments, the repayment of outstanding debt and the related payment of interest expense and the quarterly release of our earnings. As of March 31, 2026, restricted cash and cash equivalents at each wholly-owned financing subsidiary and debt outstanding by facility consisted of the following:

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| | | |
|:---|:---|:---|
| | **Restricted Cash and Cash Equivalents** | **Principal Amount of Debt Outstanding** |
| Revolving Credit Facility | n/a | $314751 |
| MC Income Plus Financing SPV LLC ("SPV") | $22091 | 275000 |
| MC Income Plus Financing SPV II LLC ("SPV II") | 75009 | 690000 |
| MC Income Plus Financing SPV III LLC ("SPV III") | 13947 | 160000 |
| MC Income Plus Financing SPV IV LLC ("SPV IV") | 17470 | 210200 |
| MC Income Plus Financing SPV V LLC ("SPV V") | 20812 | 200500 |
| Monroe Capital Income Plus ABS Funding, LLC ("2022 Issuer") | 27691 | 214884 |
| Monroe Capital Income Plus ABS Funding II, LLC ("2023 Issuer") | 11293 | 209100 |
| Monroe Capital Income Plus ABS Funding III, LLC ("2025 Issuer") | 16280 | 415000 |
| July 2028 Notes | n/a | 42000 |
| November 2028 Notes | n/a | 100000 |
| December 2028 Notes | n/a | 100000 |
| July 2029 Notes | n/a | 156000 |
| September 2029 Notes | n/a | 48000 |
| July 2030 Notes | n/a | 161000 |
| Total | $204593 | $3296435 |

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In accordance with the 1940 Act, we are permitted to borrow amounts such that our asset coverage ratio, as defined in the 1940 Act, is at least 150% after such borrowing. As of March 31, 2026 and December 31, 2025, our asset coverage ratio based on aggregate borrowings outstanding was 184% and 188%, respectively.

***Cash Flows***

For the three months ended March 31, 2026, we experienced a net increase (decrease) in cash and restricted cash and cash equivalents of $38.4 million. For the three months ended March 31, 2026, operating activities provided $58.3 million, primarily as a result of proceeds from principal payments and sale of investments and settlement of forward contracts and net investment income, partially offset by purchases of portfolio investments. For the three months ended March 31, 2026, financing activities used $19.9 million, primarily as a result of net repayments of debt, repurchases of common stock and distributions to stockholders, partially offset by the proceeds from issuances of common stock.

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For the three months ended March 31, 2025, we experienced a net increase (decrease) in cash and restricted cash and cash equivalents of $3.6 million. For the three months ended March 31, 2025, operating activities used $426.6 million, primarily as a result of purchases of portfolio investments, partially offset by proceeds from principal payments and sale of investments and settlement of forward contracts and net investment income. For the three months ended March 31, 2025, financing activities provided $430.2 million, primarily as a result of net borrowings on our debt facilities and the proceeds from issuances of common stock, partially offset by distributions to stockholders and repurchases of common stock.

***Capital Resources***

As a BDC, we distribute substantially all of our net income to our stockholders and have an ongoing need to raise additional capital for investment purposes. We intend to generate additional cash primarily from future offerings of securities, including our current Second Private Offering and any subsequent offerings, future borrowings and cash flows from operations, including income earned from investments in our portfolio companies. On both a short-term and long-term basis, our primary use of funds will be to invest in portfolio companies, fund share repurchases under our share repurchase program and make cash distributions to our stockholders. We may also use available funds to repay outstanding borrowings.

As a BDC, we are generally not permitted to issue and sell our common stock at a price below net asset value ("NAV") per share. We may, however, sell our common stock, or warrants, options or rights to acquire our common stock, at a price below the then-current NAV per share of our common stock if our Board, including our independent directors, determines that such sale is in the best interests of us and our stockholders, and if our stockholders have approved such sales. As of March 31, 2026 and December 31, 2025, we had 284,582,018 and 286,677,222 shares outstanding, respectively.

***Distributions***

Historically, distributions have been declared by the Board each calendar quarter. Beginning in October 2025, to the extent that we have taxable income available, and subject to approval by the Board, we intend to make monthly distributions to our stockholders. Distributions to stockholders are recorded on the record date. All distributions will be paid at the discretion of the Board and will depend on our earnings, financial condition, maintenance of our tax treatment as a RIC, compliance with applicable BDC regulations and such other factors as the Board may deem relevant from time to time. As a result, our distribution rates and payment frequency may vary from time to time.

The determination of the tax attributes for our distributions is made annually, based upon our taxable income for the full year and distributions paid for the full year. Ordinary dividend distributions from a RIC do not qualify for the preferential tax rate on qualified dividend income from domestic corporations and qualified foreign corporations, except to the extent that the RIC received the income in the form of qualifying dividends from domestic corporations and qualified foreign corporations. The tax attributes for distributions will generally include both ordinary income and capital gains, but may also include qualified dividends or return of capital. Distributions to stockholders for the three months ended March 31, 2026 and 2025 totaled $64.1 million ($0.22 per share) and $53.7 million ($0.27 per share), respectively. The tax character of such distributions is determined at the end of the fiscal year. However, if the character of such distributions were determined as of March 31, 2026 and 2025, no portion of these distributions would have been characterized as a return of capital to stockholders.

We have adopted a dividend reinvestment plan (the "DRIP") that provides for the reinvestment of dividends and other distributions on behalf of its stockholders that elect to participate in such plan. As a result, if we declare a dividend or distribution, our stockholders' cash distributions will only be reinvested in additional shares of our common stock if a stockholder specifically "opts in" to the DRIP at least ten (10) days prior to the record date fixed by our Board. Shares issued under the DRIP were issued at a price per share equal to the NAV per share as of the last day of our fiscal quarter immediately preceding the date that the distribution was declared. On August 23, 2024, the Board approved the Amended and Restated Dividend Reinvestment Plan (the "Amended and Restated DRIP") solely to appoint a new transfer agent as the Plan Administrator (as defined in the Amended and Restated DRIP). The Amended and Restated DRIP became effective on November 1, 2024.

On November 4, 2025, the Board approved the second amended and restated dividend reinvestment plan (the "Second Amended and Restated DRIP"), which amended the price per share used for distributions reinvested to be the NAV per share as of the most recent effective date on which shares are issued to our investors in a closing of a private offering immediately preceding the payment date of such distribution in order to better align with monthly share issuances.

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***Borrowings***

Our outstanding debt as of March 31, 2026 was as follows (in thousands):

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| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| | **Aggregate**<br>**Principal** <br>**Amount** <br>**Committed** <sup>(1)</sup> | **Principal**<br>**Amount**<br>**Outstanding** <sup>(2)</sup> | **Carrying Value** <sup>(3)</sup> | **Unamortized Debt Issuance Costs** |
| Revolving Credit Facility <sup>(4)</sup> | $845000 | $314751 | $307720 | $7031 |
| SPV Credit Facility | 575000 | 275000 | 269996 | 5004 |
| SPV II Credit Facility | 690000 | 690000 | 685760 | 4240 |
| SPV III Credit Facility | 200000 | 160000 | 158724 | 1276 |
| SPV IV Credit Facility | 400000 | 210200 | 205440 | 4760 |
| SPV V Credit Facility | 400000 | 200500 | 196083 | 4417 |
| 2022 ABS <sup>(5)</sup> | 214884 | 214884 | 214884 |  |
| 2023 ABS <sup>(6)</sup> | 209100 | 209100 | 207481 | 1619 |
| 2025 ABS <sup>(7)</sup> | 415000 | 415000 | 411974 | 3026 |
| July 2028 Notes | 42000 | 42000 | 41524 | 476 |
| November 2028 Notes | 100000 | 100000 | 99382 | 618 |
| December 2028 Notes | 100000 | 100000 | 99382 | 618 |
| July 2029 Notes | 156000 | 156000 | 155051 | 949 |
| September 2029 Notes | 48000 | 48000 | 47708 | 292 |
| July 2030 Notes | 161000 | 161000 | 159382 | 1618 |
| &nbsp;&nbsp;Total | $4555984 | $3296435 | $3260491 | $35944 |

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<sup>(1)</sup> Represents the total aggregate amount committed or outstanding, as applicable, under such instrument.

<sup>(2)</sup> As of March 31, 2026, we had unused availability across all borrowing facilities totaling $581.1 million.

<sup>(3)</sup> Represents the principal amount outstanding, less unamortized debt issuance costs.

<sup>(4)</sup> Principal amount outstanding includes borrowings denominated in foreign currencies converted at the period end exchange rate.

<sup>(5)</sup> As of March 31, 2026, the 2022 Class C Notes and 2022 Subordinated Notes (each as defined below) totaling $25.4 million and $82.9 million, respectively, are excluded from the total aggregate principal amount committed/outstanding amount as these notes are eliminated in consolidation.

<sup>(6)</sup> As of March 31, 2026, the 2023 Subordinated Notes (as defined below) totaling $45.9 million, are excluded from the total aggregate principal amount committed/outstanding amount as these notes are eliminated in consolidation.

<sup>(7)</sup> As of March 31, 2026, the 2025 Subordinated Notes (as defined below) totaling $85.0 million are excluded from the total aggregate principal amount committed/outstanding amount as these notes are eliminated in consolidation.

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Our outstanding debt as of December 31, 2025 was as follows (in thousands):

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| | | | | |
|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  | **Aggregate**<br>**Principal** <br>**Amount** <br>**Committed** <sup>(1)</sup> | **Principal**<br>**Amount**<br>**Outstanding** <sup>(2)</sup> | **Carrying Value** <sup>(3)</sup> | **Unamortized Debt Issuance Costs** |
| Revolving Credit Facility <sup>(4)</sup> | $845000 | $634666 | $627266 | $7400 |
| SPV Credit Facility | 450000 | 100000 | 97515 | 2485 |
| SPV II Credit Facility | 690000 | 573000 | 568316 | 4684 |
| SPV III Credit Facility | 200000 | 150000 | 148568 | 1432 |
| SPV IV Credit Facility | 350000 | 175200 | 172753 | 2447 |
| SPV V Credit Facility | 250000 | 125500 | 123361 | 2139 |
| 2022 ABS <sup>(5)</sup> | 234697 | 234697 | 234697 |  |
| 2023 ABS <sup>(6)</sup> | 209100 | 209100 | 207239 | 1861 |
| 2025 ABS <sup>(7)</sup> | 415000 | 415000 | 411711 | 3289 |
| July 2028 Notes | 42000 | 42000 | 41476 | 524 |
| November 2028 Notes | 100000 | 100000 | 99324 | 676 |
| December 2028 Notes | 100000 | 100000 | 99324 | 676 |
| July 2029 Notes | 156000 | 156000 | 154981 | 1019 |
| September 2029 Notes | 48000 | 48000 | 47686 | 314 |
| July 2030 Notes | 161000 | 161000 | 159290 | 1710 |
| &nbsp;&nbsp;Total | $4250797 | $3224163 | $3193507 | $30656 |

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<sup>(1)</sup> Represents the total aggregate amount committed or outstanding, as applicable, under such instrument.

<sup>(2)</sup> As of December 31, 2025, we had unused availability across all borrowing facilities totaling $441.8 million.

<sup>(3)</sup> Represents the principal amount outstanding, less unamortized debt issuance costs.

<sup>(4)</sup> Principal amount outstanding includes borrowings denominated in foreign currencies converted at the period end exchange rate.

<sup>(5)</sup> As of December 31, 2025, the 2022 Class C Notes and 2022 Subordinated Notes (each as defined below) totaling $27.7 million and $82.9 million, respectively, are excluded from the total aggregate principal amount committed/outstanding amount as these notes are eliminated in consolidation.

<sup>(6)</sup> As of December 31, 2025, the 2023 Subordinated Notes (as defined below) totaling $45.9 million are excluded from the total aggregate principal amount committed/outstanding amount as these notes are eliminated in consolidation.

<sup>(7)</sup> As of December 31, 2025, the 2025 Subordinated Notes (as defined below) totaling $85.0 million are excluded from the total aggregate principal amount committed/outstanding amount as these notes are eliminated in consolidation.

***Credit Facilities***

*Revolving Credit Facility*

On October 20, 2023, we entered into a senior secured revolving credit facility (the "Revolving Credit Facility") pursuant to a Senior Secured Revolving Credit Agreement (the "Revolving Credit Agreement"), as amended from time to time, with ING Capital, LLC, as administrative agent and joint lead arranger. The initial principal amount of the Revolving Credit Facility was $295.0 million, subject to availability under the borrowing base, which is based on our portfolio investments and other outstanding indebtedness, with an accordion provision permitting increases to the total facility amount up to $800.0 million, subject to the satisfaction of certain conditions. Through various amendments to the Revolving Credit Agreement, we have increased the facility amount multiple times under the accordion and more recently through an amendment to $845.0 million of aggregate commitments as of March 31, 2026.

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On November 25, 2025, we amended the Revolving Credit Facility to, among other things, (i) extend the expiration of the revolver availability period from October 31, 2028 to November 25, 2029, (ii) extend the stated maturity date from October 31, 2029 to November 25, 2030, (iii) increase the total facility size to an aggregate amount of $845.0 million, (iv) increase the maximum total facility amount contemplated by the accordion provision to permit increases to a total facility amount of up to $1.1 billion, (v) reduce the applicable margin (a) with respect to any alternate base rate ("ABR") Loan (as described in the Revolving Credit agreement), from 1.25% to 1.00% per annum (b) with respect to any SOFR Loan, CORRA Loan, Eurocurrency Loan or Risk Free Rate ("RFR") Loan, from 2.25% to 2.00% per annum, (vi) remove the Rating Condition (as described in the Revolving Credit Agreement) on the applicable margin, (vii) increase the minimum obligors' net worth test, and (viii) reduced the unused commitment fee to (i) 0.50% per annum on any unused portion of the Revolving Credit Facility when the outstanding borrowings are less than or equal to 35% of the facility amount and (ii) 0.375% per annum on any unused portion of the Revolving Credit Facility when the outstanding borrowings are greater than 35% of the facility amount.

As of March 31, 2026 and December 31, 2025, we had outstanding U.S. dollar borrowings under the Revolving Credit Facility of $202.5 million and $521.8 million, respectively, and non-U.S. dollar borrowings denominated in Australian dollars of AUD 40.0 million ($27.6 million in U.S. dollars) and AUD 40.0 million ($26.7 million in U.S. dollars), respectively, and Great Britain pounds of £40.0 million ($52.9 million in U.S. dollars) and £40.0 million ($53.9 million in U.S. dollars), respectively, and Euros of €27.5 million ($31.7 million in U.S. dollars) and €27.5 million ($32.3 million in U.S. dollars), respectively. The borrowings denominated in a foreign currency may be positively or negatively affected by movements in the rate of exchange between the U.S. dollar and the respective foreign currency. These movements are beyond our control and cannot be predicted. The borrowings denominated in foreign currency are translated into U.S. dollars based on the spot rate at each balance sheet date. The impact resulting from changes in foreign currency borrowings is included in net change in unrealized gain (loss) on foreign currency and other transactions on our consolidated statements of operations and totaled $0.6 million and $(2.8) million for the three months ended March 31, 2026 and 2025, respectively.

After the November 25, 2025 amendment, advances under the Revolving Credit Facility initially bear interest at a per annum rate equal to, (a) in the case of any U.S. dollar advances, (i) 1.00% per annum plus an ABR (as described in the Revolving Credit Agreement) or (ii) 2.00% per annum plus Term SOFR, (b) in the case of any foreign currency advances (other than Pounds Sterling), 2.00% per annum plus the applicable benchmark rate and (c) in the case of any Pounds Sterling advances, 2.00% per annum plus the Daily Simple Risk Free Rate, in each case, depending on the nature of the advances being requested under the Revolving Credit Facility. As of March 31, 2026 and December 31, 2025, the outstanding borrowings were accruing at a weighted average interest rate of 5.7% and 5.8%, respectively.

Advances under the Revolving Credit Facility are subject to compliance with borrowing base requirements, pursuant to which the amount of funds advanced varies depending upon the types of assets in our portfolio. Assets must meet certain criteria in order to be included in the borrowing base, and the borrowing base is subject to certain portfolio restrictions including investment size, sector concentrations and investment type.

Our ability to borrow under the Revolving Credit Facility is subject to availability under the borrowing base, which permits us to borrow up to 72.5% of the fair market value of its portfolio company investments depending on the type of investment we hold and whether the investment is quoted. Our ability to borrow is also subject to certain concentration limits, and continued compliance with the representations, warranties and covenants given by us under the Revolving Credit Facility. The Revolving Credit Facility contains certain financial covenants, including, but not limited to, our maintenance of: (1) minimum consolidated total net assets of the greater of (a) $500.0 million and (b) an amount equal to the sum of (i) $1.1 billion plus (ii) an amount equal to 65% of the difference of (x) the net proceeds to us from sales of our equity securities during each quarter following October 31, 2024 and (y) the amount paid or distributed to purchase or redeem our common stock in connection with a tender offer during such quarter; (2) a ratio of total assets (less total liabilities other than indebtedness) to total indebtedness of not less than 1.5 to 1; (3) a senior debt coverage ratio of at least 2 to 1; and (4) minimum net worth equal to or greater than $600.0 million. The Revolving Credit Facility also requires us to undertake customary indemnification obligations with respect to ING Capital LLC and other members of the lending group and to reimburse the lenders for expenses associated with entering into the Revolving Credit Facility. The Revolving Credit Facility also has customary provisions regarding events of default, including events of default for nonpayment, change in control transactions, failure to comply with financial and negative covenants, and failure to maintain our relationship with MC Advisors. If we incur an event of default under the Revolving Credit Facility and fail to remedy such default under any applicable grace period, if any, then the entire Revolving Credit Facility could become immediately due and payable, which would materially and adversely affect our liquidity, financial condition, results of operations and cash flows.

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The Revolving Credit Facility also imposes certain conditions that may limit the amount of our distributions to stockholders. Distributions payable in our common stock under the DRIP are not limited by the Revolving Credit Facility. Distributions in cash or property other than common stock are generally limited to 115% of the amount of distributions required to maintain our status as a RIC.

The Revolving Credit Facility is guaranteed by certain subsidiary guarantors (primarily the Taxable Subsidiaries). Proceeds of the Revolving Credit Facility may be used for general corporate purposes, including, without limitation, making distributions, contributions and investments and for such other uses as permitted under the Revolving Credit Agreement.

The period during which we may borrow under the Revolving Credit Facility expires on November 25, 2029, and the Revolving Credit Facility will mature and all amounts outstanding thereunder must be repaid by November 25, 2030. The Revolving Credit Facility is secured by a perfected first-priority interest in substantially all of the portfolio investments held by us and the subsidiary guarantors, subject to certain exceptions.

As of March 31, 2026 and December 31, 2025, we were in compliance with all covenants and other requirements of the Revolving Credit Agreement.

***SPV Credit Facilities***

*SPV Credit Facility*

We have a $575.0 million senior secured revolving credit facility (the "SPV Credit Facility"), as amended from time to time, with KeyBank National Association, as agent, through our wholly-owned subsidiary, the SPV. Our ability to borrow under the SPV Credit Facility is subject to certain financial and restrictive covenants as well as availability under the borrowing base, which permits us to borrow up to 72% of the principal balance of our portfolio company investments depending on the type of investment, subject to a maximum advance rate on the portfolio of 67%. On February 10, 2026, we entered into an amendment to the SPV Credit Facility to, among other things, (i) increase the total facility amount from an aggregate amount of $450.0 million to an aggregate amount of $575.0 million; (ii) increase the maximum total facility amount contemplated by the accordion provision to permit increases to a total facility amount of up to $1.0 billion; (iii) reduce the applicable interest rate to borrowings under the agreement by 0.50% per annum; (iv) extend the reinvestment period to February 10, 2029; (v) extend the maturity date to February 10, 2031; and (vi) reduced the unused commitment fee to 0.35% per annum on any unused portion of the SPV Credit Facility.

Distributions from the SPV to us are limited by the terms of the SPV Credit Facility, which generally allows for the distribution of net interest income pursuant to a waterfall quarterly during the reinvestment period. As of March 31, 2026 and December 31, 2025, the fair value of our investments that were held in the SPV as collateral for the SPV Credit Facility was $654.8 million and $583.7 million, respectively, and these investments are identified on the accompanying consolidated schedules of investments.

After the February 10, 2026 amendment, and during the reinvestment period, borrowings under the SPV Credit Facility bear interest at an annual rate of SOFR (one or three month, at the SPV's option and subject to a SOFR minimum of 0.50%) plus a margin ranging from 1.90% to a maximum of 2.20%, depending on the level of utilization of the facility and the number of obligors of eligible loans pledged as collateral in the SPV. After the reinvestment period, borrowings under the SPV Credit Facility bear interest at an annual rate of SOFR plus 2.50%. In addition to the stated interest rate on borrowings, the SPV is required to pay an unused commitment fee of 0.35% per annum on any unused portion of the SPV Credit Facility. As of March 31, 2026 and December 31, 2025, the outstanding borrowings were accruing at a weighted average interest rate of 5.6% and 6.3%, respectively.

Borrowings under the SPV Credit Facility remain subject to the leverage restrictions contained in the 1940 Act.

As of March 31, 2026 and December 31, 2025, we and SPV were in compliance with all covenants and other requirements of the agreement governing the SPV Credit Facility.

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*SPV II Credit Facility*

On December 20, 2022, we entered into a senior secured term credit facility (the "SPV II Credit Facility") with KeyBank National Association, as lead arranger and administrative agent, through a special purpose wholly-owned subsidiary, SPV II. The SPV II Credit Facility initially allowed SPV II to borrow an aggregate principal amount of $100.0 million, and included an accordion feature, which allowed us, under certain circumstances, to increase the total size of the facility upon request to the administrative agent and with the consent of one or more increasing or additional lenders. On August 6, 2025, we entered into an amendment (the "SPV II Amendment") to the SPV II Credit Facility. The SPV II Amendment amended the SPV II Credit Facility to, among other things, (i) increase the total facility amount to up to $690.0 million; (ii) add an unused fee rate of 0.35%; (iii) implement a reinvestment period through August 6, 2027; (iv) extend the maturity date to August 6, 2028; and (v) reduce the applicable interest rate from SOFR plus 2.40% to SOFR plus 2.05% per annum during the reinvestment period and SOFR plus 3.25% per annum after the reinvestment period. As of March 31, 2026 and December 31, 2025, the fair value of our investments held in SPV II as collateral for the SPV II Credit Facility was $979.9 million and $918.3 million, respectively, and these investments are identified on the accompanying consolidated schedules of investments.

Borrowings under the SPV II Credit Facility bear interest at Adjusted Term SOFR (subject to a SOFR minimum of 0.50%) plus an applicable margin rate of 2.05% per annum during the reinvestment period and 3.25% per annum after the reinvestment period. The SPV II Credit Facility matures on August 6, 2028, unless sooner terminated in accordance with its terms. As of March 31, 2026 and December 31, 2025, the outstanding borrowings were accruing at a weighted average interest rate of 5.7% and 5.9%, respectively.

Under the terms of the SPV II Credit Facility, pursuant to a monthly waterfall and subject to the satisfaction of certain coverage tests and portfolio quality tests, SPV II is permitted to reinvest principal proceeds during the reinvestment period. During the amortization period, pursuant to a monthly waterfall, principal proceeds must be applied to prepay the SPV II Credit Facility. The SPV II Credit Facility contains representations and warranties and affirmative and negative covenants customary for secured financings of this type. The SPV II Credit Facility also contains customary events of default (subject to certain grace periods, as applicable), including but not limited to the nonpayment of principal, interest or fees, breach of covenants, voluntary or involuntary bankruptcy proceedings and change of control of the borrower.

Borrowings under the SPV II Credit Facility remain subject to the leverage restrictions contained in the 1940 Act.

As of March 31, 2026 and December 31, 2025, we and SPV II were in compliance with all covenants and other requirements of the agreement governing the SPV II Credit Facility.

*SPV III Credit Facility*

On March 28, 2024, we entered into a senior secured revolving credit facility (the "SPV III Credit Facility") with Goldman Sachs Bank USA, as administrative agent, through a special purpose wholly-owned subsidiary, SPV III. The SPV III Credit Facility initially allowed SPV III to borrow an aggregate principal amount of $100.0 million, and includes an accordion feature which allows us, under certain circumstances, to increase the total size of the facility to $250.0 million upon request to the administrative agent and with consent of the lenders. On March 7, 2025, we amended the SPV III Credit Facility to increase the facility amount to $200.0 million. Our ability to borrow under the SPV III Credit Facility is subject to certain financial and restrictive covenants as well as availability under the borrowing base, which permits us to borrow up to 70% of the principal balance of its portfolio company investments depending on the type of investment. Under the terms of the SPV III Credit Facility, the SPV III is permitted to reinvest available cash and make new borrowings under the SPV III Credit Facility through April 5, 2027. The maturity date of the SPV III Credit Facility is April 5, 2029, unless sooner terminated in accordance with its terms. As of March 31, 2026 and December 31, 2025, the fair value of investments that were held in the SPV III as collateral for the SPV III Credit Facility was $353.0 million and $266.8 million, respectively, and these investments are identified on the accompanying consolidated schedules of investments.

Borrowings under the SPV III Credit Facility bear interest at Adjusted Term SOFR (subject to a SOFR minimum of 1.00%) plus an applicable margin rate of 1.95% per annum. In addition to the stated interest rate on borrowings, the SPV III is required to pay an unused commitment fee of (i) 0.75% per annum on any unused portion of the SPV III Credit Facility through September 5, 2024 and (ii) 0.50% per annum on any unused portion of the SPV III Credit Facility after September 5, 2024. As of March 31, 2026 and December 31, 2025, the outstanding borrowings were accruing at a weighted average interest rate of 5.6% and 5.7%, respectively.

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Borrowings under the SPV III Credit Facility remain subject to the leverage restrictions contained in the 1940 Act.

As of March 31, 2026 and December 31, 2025, we and SPV III were in compliance with all covenants and other requirements of the agreement governing the SPV III Credit Facility.

*SPV IV Credit Facility* 

On July 11, 2024, we entered into a senior secured revolving credit facility (the "SPV IV Credit Facility") with Capital One, National Association ("CONA") as administrative agent, as amended from time to time, through a special purpose wholly-owned subsidiary, SPV IV.

The SPV IV Credit Facility initially allowed us, through SPV IV, to borrow an aggregate principal amount of up to $350.0 million and included an accordion feature which allowed us, under certain circumstances, to increase the total size of the facility to $450.0 million upon request to the administrative agent and with consent of the lenders. On March 17, 2026, we entered into an amendment to the SPV IV Credit Facility to, among other things, (i) increase the total facility amount to up to $400.0 million; (ii) increase the maximum total facility amount contemplated by the accordion provision to permit increases to a total facility amount of up to $500.0 million; (iii) reduce the applicable interest rate to borrowings under the agreement by 0.30% per annum; (iv) extend the end date of the reinvestment period from July 11, 2027 to March 17, 2029; (v) and extend the maturity date from July 11, 2029 to March 17, 2031.

Under the terms of the SPV IV Credit Facility, as amended from time to time, SPV IV is permitted to reinvest available cash and make new borrowings under the SPV IV Credit Facility through March 17, 2029. The SPV IV Credit Facility matures on March 17, 2031, unless terminated earlier at our election, subject to the payment of a customary prepayment fee, or at the election of the administrative agent following the occurrence of an event of default thereunder. Borrowings under the SPV IV Credit Facility bear interest at SOFR plus an applicable margin rate of 1.85% per annum. Advances under the SPV IV Credit Facility are subject to availability governed by a borrowing base comprised of eligible loan assets, which receive advance rates under the SPV IV Credit Facility of up to 75%. Undrawn capacity under the SPV IV Credit Facility is subject to a non-usage fee of between 0.25% and 0.75% per annum on such undrawn capacity, depending on the level of usage of the SPV IV Credit Facility. As of March 31, 2026 and December 31, 2025, the fair value of investments of the Company that were held in the SPV IV as collateral for the SPV IV Credit Facility was $446.0 million and $399.5 million, respectively, and these investments are identified on the accompanying consolidated schedules of investments.

The SPV IV Credit Facility contains representations and warranties and affirmative and negative covenants customary for secured financings of this type. The SPV IV Credit Facility also contains customary events of default (subject to certain grace periods, as applicable), including but not limited to the nonpayment of principal, interest or fees; breach of covenants; voluntary or involuntary bankruptcy proceedings; and change of control of SPV IV. As of March 31, 2026 and December 31, 2025, the outstanding borrowings were accruing at a weighted average interest rate of 5.5% and 5.9%, respectively.

Borrowings under the SPV IV Credit Facility remain subject to the leverage restrictions contained in the 1940 Act.

As of March 31, 2026 and December 31, 2025, we and SPV IV were in compliance with all covenants and other requirements of the agreement governing the SPV IV Credit Facility.

*SPV V Credit Facility* 

On February 21, 2025, we entered into a senior secured revolving credit facility (the "SPV V Credit Facility") with CONA, through a special purpose wholly-owned subsidiary, SPV V.

The SPV V Credit Facility initially allowed us, through SPV V, to borrow an aggregate principal amount of up to $250.0 million and included an accordion feature which allowed us, under certain circumstances, to increase the total size of the facility to $350.0 million upon request to the administrative agent and with consent of the lenders. On March 17, 2026, the Company entered into an amendment to the SPV V Credit Facility to, among other things, (i) increase the total facility amount to up to $400.0 million; (ii) increase the maximum total facility amount contemplated by the accordion provision to permit increases to a total facility amount of up to $500.0 million; (iii) reduce the applicable interest rate to borrowings under the agreement by 0.30% per annum; (iv) extend the end date of the reinvestment period from February 21, 2028 to March 17, 2029; (v) and extend the maturity date from February 21, 2030 to March 17, 2031.

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Under the terms of the SPV V Credit Facility, as amended from time to time, SPV V is permitted to reinvest available cash and make new borrowings under the SPV V Credit Facility through March 17, 2029. The SPV V Credit Facility matures on March 17, 2031, unless terminated earlier at our election, subject to the payment of a customary prepayment fee, or at the election of CONA following the occurrence of an event of default thereunder. Borrowings under the SPV V Credit Facility bear interest at SOFR plus an applicable margin rate of 1.85% per annum. Advances under the SPV V Credit Facility are subject to availability governed by a borrowing base comprised of eligible loan assets, which receive advance rates under the SPV V Credit Facility of up to 75%. Undrawn capacity under the SPV V Credit Facility is subject to a non-usage fee of between 0.25% and 0.75% per annum on such undrawn capacity, depending on the level of usage of the SPV V Credit Facility. As of March 31, 2026 and December 31, 2025, the fair value of investments of the Company that were held in the SPV V as collateral for the SPV V Credit Facility was $385.7 million and $301.8 million, respectively, and these investments are identified on the accompanying consolidated schedules of investments.

The SPV V Credit Facility contains representations and warranties and affirmative and negative covenants customary for secured financings of this type. The SPV V Credit Facility also contains customary events of default (subject to certain grace periods, as applicable), including but not limited to the nonpayment of principal, interest or fees; breach of covenants; voluntary or involuntary bankruptcy proceedings; and change of control of SPV V. As of March 31, 2026 and December 31, 2025, the outstanding borrowings were accruing at a weighted average interest rate of 5.5% and 5.8%, respectively.

Borrowings under the SPV V Credit Facility remain subject to the leverage restrictions contained in the 1940 Act.

As of March 31, 2026 and December 31, 2025, we and SPV V were in compliance with all covenants and other requirements of the agreement governing the SPV V Credit Facility.

***Asset Backed Securitizations***

*2022 Asset-Backed Securitization*

On April 7, 2022, we completed a $425.0 million asset-backed securitization (the "2022 ABS"). The notes offered in the 2022 ABS were issued by the 2022 Issuer, a wholly-owned subsidiary, and are secured by a diversified portfolio of senior secured loans. The transaction was executed through a private placement of $261.4 million of Class A Senior Secured Notes, which bear interest at 4.05% (the "2022 Class A Notes"), $44.6 million of Class B Senior Secured Notes, which bear interest at 5.15% (the "2022 Class B Notes") and $36.1 million of Class C Senior Secured Notes, which bear interest at 7.75% (the "2022 Class C Notes" and collectively with the 2022 Class A Notes and the 2022 Class B Notes, the "2022 Secured Notes") and $82.9 million of Subordinated Notes, which do not bear interest (the "2022 Subordinated Notes" and, together with the 2022 Secured Notes, the "2022 Notes"). We retained all of the 2022 Class C Notes and the 2022 Subordinated Notes. The 2022 Class A Notes and the 2022 Class B Notes are included as debt on the accompanying consolidated statements of assets and liabilities. As of both March 31, 2026 and December 31, 2025, the 2022 Class C Notes and the 2022 Subordinated Notes were eliminated in consolidation.

Through April 22, 2024, the 2022 Issuer was permitted to use all principal collections received on the underlying collateral to purchase new collateral under the direction of MC Advisors, in its capacity as collateral manager of the 2022 Issuer, in accordance with our investment strategy and subject to customary conditions set forth in the documents governing the 2022 ABS, allowing us to maintain the initial leverage in the 2022 ABS. Subsequent to April 22, 2024, the 2022 ABS is required to use principal collections repay the 2022 Notes. The 2022 Notes are due on April 30, 2032.

As of March 31, 2026 and December 31, 2025, the fair value of our investments held in the 2022 Issuer as collateral was $286.3 million and $312.3 million, respectively, and these investments are identified on the accompanying consolidated schedule of investments. As of both March 31, 2026 and December 31, 2025, the 2022 Class A Notes were accruing at a weighted average interest rate of 4.1%. As of both March 31, 2026 and December 31, 2025, the 2022 Class B Notes were accruing at a weighted average interest rate of 5.2%.

Distributions from the 2022 Issuer to us are limited by the terms of the indenture governing the 2022 ABS, which generally allows for the payment of interest on the 2022 Secured Notes and the distribution of remaining net interest income to the holders of the 2022 Subordinated Notes pursuant to a waterfall quarterly during the reinvestment period.

As of March 31, 2026 and December 31, 2025, we and the 2022 Issuer were in compliance with covenants and requirements of the indenture and loan agreement governing the 2022 ABS.

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*2023 Asset-Backed Securitization*

On September 15, 2023, we completed a $251.2 million asset-backed securitization (the "2023 ABS"). The notes offered in the 2023 ABS were executed through a private placement and were issued by the 2023 Issuer, a wholly-owned subsidiary, and were secured by a diversified portfolio of middle market loans and recurring revenue loans. Through November 20, 2024, the 2023 ABS consisted of $160.8 million of Class A Senior Secured Notes, which bore interest at Term SOFR plus 3.50% (the "2023 Class A Notes"), $25.1 million of Class B Senior Secured Notes, which bore interest at 11.16% (the "2023 Class B Notes" and collectively with the 2023 Class A Notes, the "2023 Secured Notes") and $65.3 million of Subordinated Notes, which do not bear interest (the "2023 Subordinated Notes" and, together with the 2023 Secured Notes, the "2023 Notes").

On November 21, 2024, we and the 2023 Issuer amended the 2023 ABS to, among other things, (a) refinance the issued 2023 Class A Notes by redeeming in full the $160.8 million of 2023 Class A Notes and issuing new Class A Senior Secured Notes in an aggregate principal amount of $163.2 million which bear interest at Term SOFR plus 2.35% (the "2023 Class A-R Notes"), (b) refinance the issued 2023 Class B Notes by redeeming in full the $25.1 million of 2023 Class B Notes and issuing new Class B Senior Secured Notes in an aggregate principal amount of $25.5 million which bear interest at 8.81% (the "2023 Class B-R Notes"), (c) issue new Class C Senior Secured Notes in an aggregate principal amount of $20.4 million which bear interest at 11.95% (the "2023 Class C-R Notes" and collectively with the 2023 Class A-R Notes and 2023 Class B-R Notes, the "2023-R Secured Notes"), (d) reduce the outstanding principal balance of the 2023 Subordinated Notes from $65.3 million to $45.9 million, and (e) extend the maturity dates of the 2023-R Secured Notes and the 2023 Subordinated Notes to November 22, 2035 (the Subordinated Notes, together with the 2023-R Secured Notes, the "2023-R Notes"). The 2023-R Secured Notes were issued through a private placement and we continued to retain all of the 2023 Subordinated Notes for the purpose of satisfying the risk retention requirements pursuant to a subordinated note purchase agreement entered into as of the original closing date. The 2023 Secured Notes and the 2023-R Secured Notes are included as debt on the consolidated statements of assets and liabilities. As of both March 31, 2026 and December 31, 2025, the 2023 Subordinated Notes were eliminated in consolidation.

As of March 31, 2026 and December 31, 2025, the 2023 Class A-R Notes were accruing at a weighted average interest rate of 6.0% and 6.2%, respectively. As of both March 31, 2026 and December 31, 2025, the 2023 Class B-R Notes were accruing at a weighted average interest rate of 8.8%. As of both March 31, 2026 and December 31, 2025, the 2023 Class C-R Notes were accruing at a weighted average interest rate of 12.0%.

Through November 21, 2026, the 2023 Issuer is permitted to use all principal collections received on the underlying collateral to purchase new collateral under the direction of MC Advisors, in its capacity as collateral manager of the 2023 Issuer, in accordance with our investment strategy and subject to customary conditions set forth in the documents governing the 2023 ABS, allowing us to maintain the initial leverage in the 2023 ABS. The 2023 Notes are due on November 22, 2035.

As of March 31, 2026 and December 31, 2025, the fair value of investments that were held in the 2023 Issuer as collateral was $251.0 million and $252.0 million, respectively, and these investments are identified on the consolidated schedule of investments.

Distributions from the 2023 Issuer to us are limited by the terms of the indenture governing the 2023 ABS, which generally allows for the payment of interest on the 2023 Secured Notes and the distribution of remaining net interest income to the holders of the 2023 Subordinated Notes pursuant to a waterfall quarterly during the reinvestment period.

As of March 31, 2026 and December 31, 2025, we and the 2023 Issuer were in compliance with all covenants and other requirements of the indenture and loan agreement governing the 2023 ABS.

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*2025 Asset-Backed Securitization*

On December 18, 2025, we completed a $500.0 million asset-backed securitization (the "2025 ABS"). The notes offered in the 2025 ABS were executed through a private placement and were issued by the 2025 Issuer, a wholly-owned subsidiary, and were secured by a diversified portfolio of middle market loans and recurring revenue loans. The transaction was executed through a private placement of $320.0 million of Class A Senior Secured Notes, which bear interest at Term SOFR plus 2.00% (the "2025 Class A Notes"), $55.0 million of Class B Senior Secured Notes, which bear interest at Term SOFR plus 4.00% (the "2025 Class B Notes"), $40.0 million of Class C Senior Secured Notes, which bear interest at Term SOFR plus 7.00% (the "2025 Class C Notes" and collectively with the "2025 Class A Notes" and "2025 Class B Notes", the "2025 Secured Notes") and $85.0 million of Subordinated Notes, which do not bear interest (the "2025 Subordinated Notes" and, together with the 2025 Secured Notes, the "2025 Notes"). We retained all of the 2025 Subordinated Notes. The 2025 Notes were retained for the purpose of satisfying the risk retention requirements pursuant to a subordinated note purchase agreement entered into as of the Closing Date. The 2025 Secured Notes are included as debt on the accompanying consolidated statements of assets and liabilities. As of March 31, 2026 and December 31, 2025, the 2025 Subordinated Notes were eliminated in consolidation.

As of both March 31, 2026 and December 31, 2025, the 2025 Class A Notes were accruing at a weighted average interest rate of 5.7%. As of both March 31, 2026 and December 31, 2025, the 2025 Class B Notes were accruing at a weighted average interest rate of 7.7%. As of both March 31, 2026 and December 31, 2025, the 2025 Class C Notes were accruing at a weighted average interest rate of 10.7%.

Through December 18, 2027, the 2025 Issuer is permitted to use all principal collections received on the underlying collateral to purchase new collateral under the direction of MC Advisors, in its capacity as collateral manager of the 2025 Issuer, in accordance with our investment strategy and subject to customary conditions set forth in the documents governing the 2025 ABS, allowing us to maintain the initial leverage in the 2025 ABS. The 2025 Notes are due on December 18, 2035.

As of both March 31, 2026 and December 31, 2025, the fair value of investments of the Company that were held in the 2025 Issuer as collateral was $486.8 million, and these investments are identified on the consolidated schedule of investments.

Distributions from the 2025 Issuer to us are limited by the terms of the indenture governing the 2025 ABS, which generally allows for the payment of interest on the 2025 Secured Notes and the distribution of remaining net interest income to the holders of the 2025 Subordinated Notes pursuant to a waterfall quarterly during the reinvestment period.

As of March 31, 2026 and December 31, 2025, the Company and the 2025 Issuer were in compliance with all covenants and other requirements of the indenture and loan agreement governing the 2025 ABS.

***Unsecured Notes***

We issued unsecured notes, as further described below: July 2028 Notes, November 2028 Notes, December 2028 Notes, July 2029 Notes, September 2029 Notes and July 2030 Notes, (each as defined below), which are collectively referred to herein as the "Unsecured Notes."

As of March 31, 2026 and December 31, 2025, we were in compliance with all covenants and other requirements of the respective note purchase agreements governing each of the Unsecured Notes.

*July 2028 Notes*

On July 10, 2025, we entered into a Note Purchase Agreement (the "July 2028 Note Purchase Agreement") governing the issuance of $42.0 million in aggregate principal amount of unsecured notes (the "July 2028 Notes"), due July 10, 2028, with a fixed interest rate of 6.20% per year, to institutional accredited investors (as defined in Regulation D under the Securities Act) in a private placement. The closing for the July 2028 Notes occurred on July 10, 2025. The July 2028 Notes are guaranteed by our various subsidiaries.

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Interest on the July 2028 Notes is due semiannually on May 15 and November 15 each year, beginning on November 15, 2025. The July 2028 Notes may be redeemed in whole or in part at any time or from time to time at our option, upon notice, in an amount not less than 10% of the aggregate principal amount of July 2028 Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the Prepayment Settlement Amount (as defined in the July 2028 Note Purchase Agreement) applicable to July 2028 Notes determined for the prepayment date with respect to such principal amount. In addition, we are obligated to offer to prepay 100% of the principal amount of July 2028 Notes, together with interest on such July 2028 Notes accrued to, but excluding, the date of prepayment. The July 2028 Notes are general unsecured obligations of ours that rank pari passu with all outstanding and future unsecured unsubordinated indebtedness issued by us. As of both March 31, 2026 and December 31, 2025, the Company had $42.0 million in aggregate principal amount of July 2028 Notes outstanding.

The July 2028 Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants such as information reporting, maintenance of our regulation as a business development company within the meaning of the 1940 Act and as a regulated investment company under the Code, a minimum net worth of the greater of (A) $500.0 million and (B) an amount equal to the sum of (i) $1.1 billion plus (ii) an amount equal to 65% of the difference, of (x) the aggregate net proceeds of all sales of Equity Interests (as defined in the July 2028 Note Purchase Agreement) by us and our subsidiaries during each quarter after October 29, 2024 (other than the proceeds of sales of Equity Interests by and among us and our subsidiaries) and (y) the amount paid or distributed by us to purchase or redeem its shares of common stock in connection with a tender offer during such quarter and a minimum asset coverage ratio of 1.50 to 1.00.

In addition, in the event that a Below Investment Grade Event (as defined in the July 2028 Note Purchase Agreement) occurs, the July 2028 Notes will bear interest at a fixed rate per annum which is 1.00% above the stated rate of the July 2028 Notes from the date of the occurrence of the Below Investment Grade Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that a Secured Debt Ratio Event (as defined in the July 2028 Note Purchase Agreement) occurs, the July 2028 Notes will bear interest at a fixed rate per annum which is 1.50% above the stated rate of the July 2028 Notes from the date of the occurrence of the Secured Debt Ratio Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that both a Below Investment Grade Event and a Secured Debt Ratio Event have occurred and are continuing, the July 2028 Notes will bear interest at a fixed rate per annum which is 2.00% above the stated rate of the July 2028 Notes from the date of the occurrence of the later to occur of the Below Investment Grade Event and the Secured Debt Ratio Event to and until the date on which one of such events is no longer continuing.

The July 2028 Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults or cross-acceleration under our other indebtedness, certain judgments and orders and certain events of bankruptcy.

The July 2028 Notes were offered in reliance on Section 4(a)(2) of the Securities Act. The July 2028 Notes have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;As of both March 31, 2026 and December 31, 2025, the July 2028 Notes were accruing at a weighted average interest rate of 6.2%.

*November 2028 Notes*

On November 15, 2023, we entered into a note purchase agreement (the "November 2028 Note Purchase Agreement") governing the issuance of $100.0 million in aggregate principal amount of unsecured notes (the "November 2028 Notes"), due November 15, 2028, with a fixed interest rate of 9.42% per year, to institutional accredited investors (as defined in Regulation D under the Securities Act of 1933, as amended (the "Securities Act") in a private placement. The closing for the November 2028 Notes occurred on November 15, 2023. The November 2028 Notes are guaranteed by our various subsidiaries.

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Interest on the November 2028 Notes is due semiannually on May 15 and November 15 each year, beginning on May 15, 2024. The November 2028 Notes may be redeemed in whole or in part at any time or from time to time at our option at par plus accrued interest to the prepayment date and, if applicable, a make-whole premium. In addition, we are obligated to offer to prepay the November 2028 Notes at par plus accrued and unpaid interest up to, but excluding, the date of prepayment, if certain change in control events occur. The November 2028 Notes are our general unsecured obligations that rank pari passu with all outstanding and future unsecured unsubordinated indebtedness issued by us. As of both March 31, 2026 and December 31, 2025, we had $100.0 million in aggregate principal amount of November 2028 Notes outstanding.

The November 2028 Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants such as information reporting, maintenance of our regulation as a business development company within the meaning of the 1940 Act and as a regulated investment company under the Code, as amended, a minimum net worth of $660.9 million and a minimum asset coverage ratio of 1.50 to 1.00.

In addition, in the event that a Below Investment Grade Event (as defined in the November 2028 Note Purchase Agreement) occurs, the November 2028 Notes will bear interest at a fixed rate per annum which is 1.00% above the stated rate of the November 2028 Notes from the date of the occurrence of the Below Investment Grade Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that a Secured Debt Ratio Event (as defined in the November 2028 Note Purchase Agreement) occurs, the November 2028 Notes will bear interest at a fixed rate per annum which is 1.50% above the stated rate of the November 2028 Notes from the date of the occurrence of the Secured Debt Ratio Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that both a Below Investment Grade Event and a Secured Debt Ratio Event have occurred and are continuing, the November 2028 Notes will bear interest at a fixed rate per annum which is 2.00% above the stated rate of the November 2028 Notes from the date of the occurrence of the later to occur of the Below Investment Grade Event and the Secured Debt Ratio Event to and until the date on which one of such events is no longer continuing.

The November 2028 Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults or cross-acceleration under our other indebtedness, certain judgments and orders and certain events of bankruptcy.

The November 2028 Notes were offered in reliance on Section 4(a)(2) of the Securities Act. The November 2028 Notes have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, as applicable.

As of both March 31, 2026 and December 31, 2025, the November 2028 Notes were accruing at a weighted average interest rate of 9.4%.

*December 2028 Notes*

On November 15, 2023, we entered into a note purchase agreement (the "December 2028 Note Purchase Agreement") governing the issuance of $100.0 million in aggregate principal amount of unsecured notes (the "December 2028 Notes"), due December 13, 2028, with a fixed interest rate of 9.42% per year, to institutional accredited investors (as defined in Regulation D under the Securities Act of 1933, as amended (the "Securities Act") in a private placement. The closing for the December 2028 Notes occurred on December 13, 2023. The December 2028 Notes are guaranteed by our various subsidiaries.

Interest on the December 2028 Notes is due semiannually on May 15 and November 15 each year, beginning on May 15, 2024. The December 2028 Notes may be redeemed in whole or in part at any time or from time to time at our option at par plus accrued interest to the prepayment date and, if applicable, a make-whole premium. In addition, we are obligated to offer to prepay the December 2028 Notes at par plus accrued and unpaid interest up to, but excluding, the date of prepayment, if certain change in control events occur. The December 2028 Notes are our general unsecured obligations that rank pari passu with all outstanding and future unsecured unsubordinated indebtedness issued by us. As of both March 31, 2026 and December 31, 2025, we had $100.0 million in aggregate principal amount of December 2028 Notes outstanding.

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The December 2028 Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants such as information reporting, maintenance of our regulation as a business development company within the meaning of the 1940 Act and as a regulated investment company under the Code, as amended, a minimum net worth of $660.9 million and a minimum asset coverage ratio of 1.50 to 1.00.

In addition, in the event that a Below Investment Grade Event (as defined in the December 2028 Note Purchase Agreement) occurs, the December 2028 Notes will bear interest at a fixed rate per annum which is 1.00% above the stated rate of the December 2028 Notes from the date of the occurrence of the Below Investment Grade Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that a Secured Debt Ratio Event (as defined in the December 2028 Note Purchase Agreement) occurs, the December 2028 Notes will bear interest at a fixed rate per annum which is 1.50% above the stated rate of the December 2028 Notes from the date of the occurrence of the Secured Debt Ratio Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that both a Below Investment Grade Event and a Secured Debt Ratio Event have occurred and are continuing, the December 2028 Notes will bear interest at a fixed rate per annum which is 2.00% above the stated rate of the December 2028 Notes from the date of the occurrence of the later to occur of the Below Investment Grade Event and the Secured Debt Ratio Event to and until the date on which one of such events is no longer continuing.

The December 2028 Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults or cross-acceleration under our other indebtedness, certain judgments and orders and certain events of bankruptcy.

The December 2028 Notes were offered in reliance on Section 4(a)(2) of the Securities Act. The December 2028 Notes have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, as applicable.

As of both March 31, 2026 and December 31, 2025, the December 2028 Notes were accruing at a weighted average interest rate of 9.4%.

*July 2029 Notes*

On July 24, 2024, we entered into a note purchase agreement (the "July 2029 Note Purchase Agreement") governing the issuance of $156.0 million in aggregate principal amount of unsecured notes (the "July 2029 Notes"), due July 24, 2029, with a fixed interest rate of 7.47% per year, to institutional accredited investors (as defined in Regulation D under the Securities Act) in a private placement. The closing for the July 2029 Notes occurred on July 24, 2024. The July 2029 Notes are guaranteed by our various subsidiaries.

Interest on the July 2029 Notes is due semiannually on May 15 and November 15 each year, beginning on November 15, 2024. The July 2029 Notes may be redeemed in whole or in part at any time or from time to time at our option, upon notice, in an amount not less than 10% of the aggregate principal amount of July 2029 Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the Prepayment Settlement Amount (as defined in the July 2029 Note Purchase Agreement) applicable to July 2029 Notes determined for the prepayment date with respect to such principal amount. In addition, we are obligated to offer to prepay 100% of the principal amount of July 2029 Notes, together with interest on such July 2029 Notes accrued to, but excluding, the date of prepayment. The July 2029 Notes are general unsecured obligations of ours that rank pari passu with all outstanding and future unsecured unsubordinated indebtedness issued by us. As of both March 31, 2026 and December 31, 2025, we had $156.0 million in aggregate principal amount of July 2029 Notes outstanding.

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The July 2029 Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants such as information reporting, maintenance of our regulation as a business development company within the meaning of the 1940 Act and as a regulated investment company under the Code, a minimum net worth of the greater of (A) $500.0 million and (B) an amount equal to the sum of (i) $660.9 million plus (ii) an amount equal to 65% of the difference, of (x) the aggregate net proceeds of all sales of Equity Interests (as defined in the July 2029 Note Purchase Agreement) by us and our subsidiaries during each quarter after October 20, 2023 (other than the proceeds of sales of Equity Interests by and among us and our subsidiaries) and (y) the amount paid or distributed by us to purchase or redeem its shares of common stock in connection with a tender offer during such quarter and a minimum asset coverage ratio of 1.50 to 1.00.

In addition, in the event that a Below Investment Grade Event (as defined in the July 2029 Note Purchase Agreement) occurs, the July 2029 Notes will bear interest at a fixed rate per annum which is 1.00% above the stated rate of the July 2029 Notes from the date of the occurrence of the Below Investment Grade Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that a Secured Debt Ratio Event (as defined in the July 2029 Note Purchase Agreement) occurs, the July 2029 Notes will bear interest at the interest rate per annum which is 1.50% above the stated rate of the July 2029 Notes from the date of the occurrence of the Secured Debt Ratio Event to and until the date on which the Secured Debt Ratio Event is no longer continuing. In the event that a Below Investment Grade Event and a Secured Debt Ratio Event are both continuing at the same time, the July 2029 Notes will bear interest at a fixed rate per annum which is 2.00% above the stated rate of the July 2029 Notes from the date on which both such events first simultaneously existed until the date on which either or both events is no longer continuing.

The July 2029 Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults or cross-acceleration under our other indebtedness, certain judgments and orders and certain events of bankruptcy.

The July 2029 Notes were offered in reliance on Section 4(a)(2) of the Securities Act. The July 2029 Notes have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, as applicable.

As of both March 31, 2026 and December 31, 2025, the July 2029 Notes were accruing at a weighted average interest rate of 7.5%.

*September 2029 Notes*

On July 24, 2024, we entered into a note purchase agreement (the "September 2029 Note Purchase Agreement") governing the issuance of $48.0 million in aggregate principal amount of unsecured notes (the "September 2029 Notes"), due September 18, 2029, with a fixed interest rate of 7.47% per year, to institutional accredited investors (as defined in Regulation D under the Securities Act) in a private placement. The closing for the September 2029 Notes occurred on September 18, 2024. The September 2029 Notes are guaranteed by our various subsidiaries.

Interest on the September 2029 Notes is due semiannually on May 15 and November 15 each year, beginning on November 15, 2024. The September 2029 Notes may be redeemed in whole or in part at any time or from time to time at our option, upon notice, in an amount not less than 10% of the aggregate principal amount of September 2029 Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the Prepayment Settlement Amount (as defined in the September 2029 Note Purchase Agreement) applicable to September 2029 Notes determined for the prepayment date with respect to such principal amount. In addition, we are obligated to offer to prepay 100% of the principal amount of September 2029 Notes, together with interest on such September 2029 Notes accrued to, but excluding, the date of prepayment. The September 2029 Notes are general unsecured obligations of ours that rank pari passu with all outstanding and future unsecured unsubordinated indebtedness issued by us. As of both March 31, 2026 and December 31, 2025, we had $48.0 million in aggregate principal amount of September 2029 Notes outstanding.

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The September 2029 Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants such as information reporting, maintenance of our regulation as a business development company within the meaning of the 1940 Act and as a regulated investment company under the Code, a minimum net worth of the greater of (A) $500.0 million and (B) an amount equal to the sum of (i) $660.9 million plus (ii) an amount equal to 65% of the difference, of (x) the aggregate net proceeds of all sales of Equity Interests (as defined in the September 2029 Note Purchase Agreement) by us and our subsidiaries during each quarter after October 20, 2023 (other than the proceeds of sales of Equity Interests by and among us and our subsidiaries) and (y) the amount paid or distributed by us to purchase or redeem its shares of common stock in connection with a tender offer during such quarter and a minimum asset coverage ratio of 1.50 to 1.00.

In addition, in the event that a Below Investment Grade Event (as defined in the September 2029 Note Purchase Agreement) occurs, the September 2029 Notes will bear interest at a fixed rate per annum which is 1.00% above the stated rate of the September 2029 Notes from the date of the occurrence of the Below Investment Grade Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that a Secured Debt Ratio Event (as defined in the September 2029 Note Purchase Agreement) occurs, the September 2029 Notes will bear interest at the interest rate per annum which is 1.50% above the stated rate of the September 2029 Notes from the date of the occurrence of the Secured Debt Ratio Event to and until the date on which the Secured Debt Ratio Event is no longer continuing. In the event that a Below Investment Grade Event and a Secured Debt Ratio Event are both continuing at the same time, the September 2029 Notes will bear interest at a fixed rate per annum which is 2.00% above the stated rate of the September 2029 Notes from the date on which both such events first simultaneously existed until the date on which either or both events is no longer continuing.

The September 2029 Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults or cross-acceleration under our other indebtedness, certain judgments and orders and certain events of bankruptcy.

The September 2029 Notes were offered in reliance on Section 4(a)(2) of the Securities Act. The September 2029 Notes have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, as applicable.

As of both March 31, 2026 and December 31, 2025, the September 2029 Notes were accruing at a weighted average interest rate of 7.5%.

*July 2030 Notes*

On July 10, 2025, we entered into a Note Purchase Agreement (the "July 2030 Note Purchase Agreement") governing the issuance of $161.0 million aggregate principal amount of unsecured notes (the "July 2030 Notes"), due July 10, 2030, with a fixed interest rate of 6.57% per year, to institutional accredited investors (as defined in Regulation D under the Securities Act) in a private placement. The closing for the July 2030 Notes occurred on July 10, 2025. The July 2030 Notes are guaranteed by our various subsidiaries.

Interest on the July 2030 Notes is due semiannually on May 15 and November 15 each year, beginning on November 15, 2025. The July 2030 Notes may be redeemed in whole or in part at any time or from time to time at our option, upon notice, in an amount not less than 10% of the aggregate principal amount of 2030 Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the Prepayment Settlement Amount (as defined in the July 2030 Note Purchase Agreement) applicable to July 2030 Notes determined for the prepayment date with respect to such principal amount. In addition, we are obligated to offer to prepay 100% of the principal amount of July 2030 Notes, together with interest on such July 2030 Notes accrued to, but excluding, the date of prepayment. The July 2030 Notes are general unsecured obligations of ours that rank pari passu with all outstanding and future unsecured unsubordinated indebtedness issued by us. As of both March 31, 2026 and December 31, 2025, the Company had $161.0 million in aggregate principal amount of July 2030 Notes outstanding.

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The July 2030 Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants such as information reporting, maintenance of our regulation as a business development company within the meaning of the 1940 Act and as a regulated investment company under the Code, a minimum net worth of the greater of (A) $500.0 million and (B) an amount equal to the sum of (i) $1.1 billion plus (ii) an amount equal to 65% of the difference, of (x) the aggregate net proceeds of all sales of Equity Interests (as defined in the July 2030 Note Purchase Agreement) by us and our subsidiaries during each quarter after October 29, 2024 (other than the proceeds of sales of Equity Interests by and among us and our subsidiaries) and (y) the amount paid or distributed by us to purchase or redeem its shares of common stock in connection with a tender offer during such quarter and a minimum asset coverage ratio of 1.50 to 1.00.

In addition, in the event that a Below Investment Grade Event (as defined in the July 2030 Note Purchase Agreement) occurs, the July 2030 Notes will bear interest at a fixed rate per annum which is 1.00% above the stated rate of the July 2030 Notes from the date of the occurrence of the Below Investment Grade Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that a Secured Debt Ratio Event (as defined in the July 2030 Note Purchase Agreement) occurs, the July 2030 Notes will bear interest at a fixed rate per annum which is 1.50% above the stated rate of the July 2030 Notes from the date of the occurrence of the Secured Debt Ratio Event to and until the date on which the Below Investment Grade Event is no longer continuing. In the event that both a Below Investment Grade Event and a Secured Debt Ratio Event have occurred and are continuing, the July 2030 Notes will bear interest at a fixed rate per annum which is 2.00% above the stated rate of the July 2030 Notes from the date of the occurrence of the later to occur of the Below Investment Grade Event and the Secured Debt Ratio Event to and until the date on which one of such events is no longer continuing.

The July 2030 Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults or cross-acceleration under our other indebtedness, certain judgments and orders and certain events of bankruptcy.

The July 2030 Notes were offered in reliance on Section 4(a)(2) of the Securities Act. The July 2030 Notes have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;As of both March 31, 2026 and December 31, 2025, the July 2030 Notes were accruing at a weighted average interest rate of 6.6%.

***Related Party Transactions***

We have a number of business relationships with affiliated or related parties, including the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We have an Amended Investment Advisory Agreement with MC Advisors, an investment advisor registered with the SEC, to manage our investing activities. We pay MC Advisors a fee for its services under the Amended Investment Advisory Agreement consisting of two components — a base management fee and an incentive fee. See Note 6 to our consolidated financial statements and "Significant Accounting Estimates and Critical Accounting Policies – *Capital Gains Incentive Fee*" for additional information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We have an Administration Agreement with MC Management to provide us with the office facilities and administrative services necessary to conduct our day-to-day operations. See Note 6 to our consolidated financial statements for additional information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*•* On August 7, 2025, we entered into an Asset Purchase Agreement with MRCC and MC Advisors. See "Item 2 — Management's Discussion and Analysis of Financial Condition and Results of Operations — Overview" and "Recent Developments" for additional information about the Asset Purchase.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Theodore L. Koenig, our Chief Executive Officer and Chairman of our Board, is also a manager of MC Advisors and the Chairman and Chief Executive Officer of MC Management. Lewis W. Solimene, Jr., our Chief Financial Officer and Chief Investment Officer, is also a managing director of MC Management.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We have a license agreement with Monroe Capital LLC, under which Monroe Capital LLC has agreed to grant us a non-exclusive, royalty-free license to use the name "Monroe Capital" for specified purposes in our business.

In addition, we have adopted a formal code of ethics that governs the conduct of MC Advisors' officers, directors and employees. Our officers and directors also remain subject to the duties imposed by both the 1940 Act and the Maryland General Corporation Law.

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**Commitments and Contingencies and Off-Balance Sheet Arrangements**

*Commitments and Contingencies:* As of March 31, 2026 and December 31, 2025, we had outstanding commitments to fund investments under undrawn revolvers, delayed draw commitments and subscription agreements totaling $1.1 billion and $1.2 billion, respectively. We believe that our available cash balances and/or ability to draw on existing credit facilities or raise additional leverage facilities provide sufficient funds to cover our unfunded commitments as of March 31, 2026. Additionally, we have entered into certain contracts with other parties that contain a variety of indemnification provisions. Our maximum exposure under these arrangements is unknown. However, as of March 31, 2026, we have not experienced claims or losses pursuant to these contracts and believe the risk of loss related to such indemnification provisions to be remote.

*Off-Balance Sheet Arrangements:* Other than contractual commitments and other legal contingencies incurred in the normal course of our business, we do not have any off-balance sheet financings or liabilities.

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**Market Trends**

We have identified the following general trends that may affect our business:

*Target Market:* We believe that small and middle-market companies in the United States with annual revenues between $10.0 million and $2.5 billion represent a significant growth segment of the U.S. economy and often require substantial capital investments to grow. Middle-market companies have generated a significant number of investment opportunities for investment funds managed or advised by Monroe Capital, and we believe that this market segment will continue to produce significant investment opportunities for us.

*Specialized Lending Requirements:* We believe that several factors render many U.S. financial institutions ill-suited to lend to U.S. middle-market companies. For example, based on the experience of our management team, lending to U.S. middle-market companies (1) is generally more labor intensive than lending to larger companies due to the smaller size of each investment and the fragmented nature of information for such companies, (2) requires due diligence and underwriting practices consistent with the demands and economic limitations of the middle-market and (3) may also require more extensive ongoing monitoring by the lender.

*Demand for Debt Capital*: We believe there is a large pool of uninvested private equity capital for middle-market companies. We expect private equity firms will seek to leverage their investments by combining equity capital with senior secured loans and mezzanine debt from other sources, such as us.

*Competition from Other Lenders:* We believe that many traditional bank lenders, in past years, de-emphasized their service and product offerings to middle-market businesses in favor of lending to large corporate clients and managing capital market transactions. In addition, many commercial banks face significant balance sheet constraints as they seek to build capital and meet future regulatory capital requirements. These factors may result in opportunities for alternative funding sources to middle-market companies and therefore drive increased new investment opportunities for us. We believe the lower middle market **-** our core focus **-** remains more insulated from broader market conditions, given the greater complexity, smaller transaction sizes, and relationship-intensive underwriting requirements that continue to favor experienced non-bank lenders. In addition, there has been a significant amount of capital raised over the past several years dedicated to middle market lending which has increased competitive pressure in the BDC and investment company marketplace for senior and subordinated debt which in turn could result in lower yields and weaker financial covenants for new assets.

*Pricing and Deal Structures*: We believe that the volatility in global markets over the last several years and current macroeconomic issues including changes in bank regulations for middle-market banks has reduced access to, and availability of, debt capital to middle-market companies, causing a reduction in competition and generally more favorable capital structures and deal terms. Sizable recent capital raises in the private debt marketplace have created significantly increased competition over the last few years, reducing available pricing and creating less favorable capital structures; however, we believe that current market conditions for our target market may continue to create favorable opportunities to invest at attractive risk-adjusted returns.

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*Market Environment:* We believe middle market investments are attractive in volatile market environments such as the current market environment where there is uncertainty around the overall direction of the economy and interest rates. Directly originated middle market loans have demonstrated the ability to outperform competing markets through varying economic cycles including downturns and prior periods of monetary policy tightening. Through the global financial crisis, the higher interest rate environment in 2005-2006, market bottom in 2008 and the subsequent recovery period, as well as throughout the COVID-19 pandemic, these investments have historically generated considerable yield premium with more favorable capital structures for lenders, resulting in higher returns when compared to the market for U.S. high yield bonds and U.S. traded loans. <sup>(1)</sup> Middle market direct lending also offers a natural hedge to higher interest rates with floating rate structures that benefit from higher interest rates, while providing broad diversification in an environment where there is a risk of increased default rate activity. We believe that direct lending volumes will continue outpacing syndicated loan transaction volumes due to capital requirements and liquidity constraints faced by banks. In 2025, the overall middle market experienced spread compression and leverage and loan-to-value attachments points have decreased nominally. Further, interest coverage ratios have increased well above 2024 levels, indicating that the earnings power of borrowers continue to sufficiently satisfy their debt service obligations with increased cushion. Direct lending volume increased in 2025 driven by significant growth in LBO activity and recapitalizations, which offset a double digit decrease in M&A activity over the same time period.<sup>(1)</sup> Deal activity declined year over year in the first quarter due to slower private equity M&A activity and macroeconomic uncertainty. However, underlying fundamentals continue to support an accelerated M&A environment which would result in increased loan portfolio activity. Average spreads in middle market direct lending were relatively flat in the first quarter, though core and lower middle market spreads showed signs of widening towards the end of the period.<sup>(2)</sup> Loan documentation and structures, more notably in the lower middle market, continue to be lender favorable due to market uncertainty stemming from recent market volatility, particularly in software and the lingering impact of the potential tariffs implemented by the current U.S. administration and general market headline sentiment. We believe this makes for an attractive opportunity for middle market direct lenders to selectively deploy capital in assets that have relatively attractive pricing and lower risk structures, resulting in an attractive vintage with strong risk-adjusted returns. That said, we note that a softening macroeconomic environment and lingering impact of inflationary pressures could result in increased default rates. If default rates become more prevalent, we would expect to experience decreased net interest income, lower yields and increased risk of credit loss. However, we believe that our portfolio is positioned well to navigate the potential risks noted above. Further, Monroe Capital's scale, product suite, diversification, and strong historical recovery rate track record will continue to allow us to find attractive investment opportunities and navigate this uncertain market environment.

In addition, certain semi-liquid private credit structures - including non-traded BDCs, interval funds, and non-traded closed-end funds - have recently experienced elevated repurchase and redemption requests, in some cases exceeding standard quarterly repurchase program limits and resulting in pro rata fulfillment of investor redemption requests. The convergence of elevated redemption activity represents a meaningful shift in the private credit competitive and market landscape from prior years and reinforces our belief that disciplined underwriting, portfolio diversification, and experienced credit management are critical differentiators in the current environment.

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<sup>(1)</sup> Private Credit total return performance measured by the Cliffwater Direct Lending Index total return, US high yield measured by the ICE BofA US High Yield Index, Leveraged Loans by Morningstar LSTA US Leveraged Loan Index – March 2026.

<sup>(2)</sup> LSEG LPC's 1Q26 Sponsored Middle Market Private Deals Analysis – April 2026.

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**Recent Developments**

*Stock Issuances:* On April 1, 2026, we sold 2,014,437 shares for aggregate consideration of $19.7 million. On May 1, 2026, we received proceeds of $11.5 million related to an additional share issuance to bring the total consideration we have received for stock issuances subsequent to March 31, 2026 to $31.2 million.

*Distributions:* On April 20, 2026, the Board declared a distribution of $0.071 per share, which was paid on April 28, 2026 to stockholders of record as of April 21, 2026. The total distribution paid was $20.3 million, $8.9 million of which was reinvested pursuant to the Second Amended and Restated DRIP at a NAV per share of $9.78.

*Share Repurchases:* On April 30, 2026, we commenced our normal course quarterly tender offer pursuant to the Share Repurchase Program. We offered to purchase up to 14,229,101 shares of our issued and outstanding common stock. This amount represents approximately 5.0% of our common stock outstanding as of March 31, 2026. The tender offer is for a price per share equal to the net asset value per share of our common stock on April 30, 2026. The tender offer will expire at 11:59 P.M., Eastern Time, on May 29, 2026, unless otherwise extended.

We have fulfilled all repurchase requests since inception. We feel comfortable with our current state of liquidity and our liquidity management program. Subsequent to March 31, 2026 we have had net capital inflows totaling $40.1 million, comprised of (i) the issuance of shares in connection with our private offerings of $31.2 million and (ii) the issuances of shares under the DRIP of $8.9 million.

*Asset Purchase:* On April 14, 2026, we completed the previously announced purchase of the assets of MRCC. The Asset Purchase was completed pursuant to the terms of the Asset Purchase Agreement among us, MRCC and MC Advisors. Pursuant to the Asset Purchase Agreement, at the closing of the Asset Purchase, we delivered to MRCC an aggregate purchase price of approximately $335.3 million, equal to the fair value of the Purchased Assets (as defined in the Asset Purchase Agreement) as of April 11, 2026, at which time MRCC sold to us all of its investment assets and we assumed certain liabilities with respect to such assets.

The Asset Purchase was structured to comply with the safe harbor provision of Rule 17a-8 of the 1940 Act. The foregoing description of the Asset Purchase Agreement is a summary only and is qualified in its entirety by reference to the full text of the Asset Purchase Agreement, a copy of which was filed as Exhibit 2.1 to our Current Report on Form 8-K filed on August 8, 2025.

**Significant Accounting Estimates and Critical Accounting Policies**

***Revenue Recognition***

We record interest and fee income on an accrual basis to the extent that we expect to collect such amounts. For loans and debt investments with contractual PIK interest, we do not accrue PIK interest if the portfolio company valuation indicates that such PIK interest is not collectible. We do not accrue as a receivable interest on loans and debt investments if we have reason to doubt our ability to collect such interest. We may make exceptions to this policy and partially record interest if the loan has sufficient collateral value or is in process of collection and there is the expectation of collection of principal and a portion of the contractual interest. Loan origination fees, original issue discount and market discount or premium are capitalized, and then we amortize such amounts using the effective interest method as interest income over the life of the investment. Upon the prepayment of a loan or debt investment, any unamortized premium or discount or loan origination fees are recorded as interest income. We record prepayment premiums on loans and debt investments as interest income when we receive such amounts. Interest income is accrued based upon the outstanding principal amount and contractual terms of debt and preferred equity investments. Interest is accrued on a daily basis. We record fees on loans based on the determination of whether the fee is considered a yield enhancement or payment for a service. If the fee is considered a yield enhancement associated with a funding of cash on a loan, the fee is generally deferred and recognized into interest income using the effective interest method if captured in the cost basis or using the straight-line method if the loan is unfunded and therefore there is no cost basis. If the fee is not considered a yield enhancement because a service was provided, and the fee is payment for that service, the fee is deemed earned and recorded as other income in the period the service is completed.

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Dividend income on preferred equity investments is recorded as dividend income on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity investments is recorded on the record date for private portfolio companies. Each distribution received from LLC and LP investments is evaluated to determine if the distribution should be recorded as dividend income or a return of capital. Generally, we will not record distributions from equity investments in LLCs and LPs as dividend income unless there are sufficient accumulated tax-basis earnings and profits in the LLC or LP prior to the distribution. Distributions that are classified as a return of capital are recorded as a reduction in the cost basis of the investment.

***Valuation of Portfolio Investments***

Pursuant to SEC Rule 2a-5 under the 1940 Act, the Board has designated MC Advisors as our valuation designee (the "Valuation Designee"). The Board is responsible for oversight of the Valuation Designee. The Valuation Designee has established a valuation committee to determine in good faith the fair value of our investments, based on input of the Valuation Designee's management and personnel and independent valuation firms which are engaged at the direction of the valuation committee to assist in the valuation of certain portfolio investments lacking a readily available market quotation. The valuation committee determines fair values pursuant to a valuation policy approved by the Board and pursuant to a consistently applied valuation process.

Under the valuation policy, the Valuation Designee values investments for which market quotations are readily available and within a recent date at such market quotations. When doing so, the Valuation Designee determines whether the quote obtained is sufficient in accordance with generally accepted accounting principles in the United States of America ("GAAP") to determine the fair value of the security. Debt and equity investments that are not publicly traded or whose market prices are not readily available or whose market prices are not regularly updated are valued at fair value as determined in good faith by the Valuation Designee. Because we expect that there will not be a readily available market for many of the investments in our portfolio, we expect to value many of our portfolio investments at fair value as determined in good faith by our Valuation Designee using a documented valuation policy and a consistently applied valuation process. Such determination of fair values may involve subjective judgments and estimates. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of our investments may differ significantly from the values that would have been used had a readily available market value existed for such investments, and the differences could be material. If we were required to liquidate a portfolio investment in a forced or liquidation sale, we could realize amounts that are different from the amounts presented and such differences could be material.

With respect to investments for which market quotations are not readily available, the Valuation Designee undertakes a multi-step valuation process each quarter, as described below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the quarterly valuation process begins with each portfolio company or investment being initially evaluated and rated by the investment professionals of the Valuation Designee responsible for the credit monitoring of the portfolio investment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our Valuation Designee engages independent valuation firms to conduct independent appraisals of a selection of investments for which market quotations are not readily available. We will consult with an independent valuation firm relative to each portfolio company at least once in every calendar year, but the independent appraisals are generally received quarterly for each investment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• to the extent an independent valuation firm is not engaged to conduct an investment appraisal on an investment for which market quotations are not readily available in a particular quarter, the investment will be valued by the Valuation Designee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• preliminary valuation conclusions are then documented and discussed with the valuation committee of the Valuation Designee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the valuation conclusions are approved by the valuation committee of the Valuation Designee; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a report prepared by the Valuation Designee is presented to the Board quarterly to allow the Board to perform its oversight duties of the valuation process and the Valuation Designee.

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The Valuation Designee generally uses the income approach to determine fair value for loans where market quotations are not readily available, as long as it is appropriate. If there is deterioration in credit quality or a debt investment is in workout status, the Valuation Designee may consider other factors in determining the fair value, including the value attributable to the debt investment from the enterprise value of the portfolio company or the proceeds that would be received in a liquidation analysis. This liquidation analysis may also include probability weighting of alternative outcomes. The Valuation Designee generally considers our debt to be performing if the borrower is not in default, the borrower is remitting payments in a timely manner, the loan is in covenant compliance and the loan is otherwise not deemed to be impaired. In determining the fair value of the performing debt, the Valuation Designee considers fluctuations in current interest rates, the trends in yields of debt instruments with similar credit ratings, financial condition of the borrower, economic conditions and other relevant factors, both qualitative and quantitative. In the event that a debt instrument is not performing, as defined above, the Valuation Designee will evaluate the value of the collateral utilizing the same framework described above for a performing loan to determine the value of the debt instrument.

Under the income approach, discounted cash flow models are utilized to determine the present value of the future cash flow streams of our debt investments, based on future interest and principal payments as set forth in the associated loan agreements. In determining fair value under the income approach, the Valuation Designee also considers the following factors: applicable market yields and leverage levels, recent transactions, credit quality, prepayment penalties, the nature and realizable value of any collateral, the portfolio company's ability to make payments, and changes in the interest rate environment and the credit markets that generally may affect the price at which similar investments may be made.

Under the market approach, the enterprise value methodology is typically utilized to determine the fair value of an investment. There is no one methodology to estimate enterprise value and, in fact, for any one portfolio company, enterprise value is generally best expressed as a range of values, from which the Valuation Designee derives a single estimate of enterprise value. In estimating the enterprise value of a portfolio company, the Valuation Designee analyzes various factors consistent with industry practice, including but not limited to original transaction multiples, the portfolio company's historical and projected financial results, applicable market trading and transaction comparables, applicable market yields and leverage levels, the nature and realizable value of any collateral, the markets in which the portfolio company does business, and comparisons of financial ratios of peer companies that are public. Typically, the enterprise values of private companies are based on multiples of earnings before interest, income taxes, depreciation and amortization ("EBITDA"), cash flows, net income, revenues, or in limited cases, book value.

In addition, for certain investments, the Valuation Designee may base its valuation on indicative bid and ask prices provided by an independent third-party pricing service. Bid prices reflect the highest price that we and others may be willing to pay. Ask prices represent the lowest price that we and others may be willing to accept. The Valuation Designee generally use the midpoint of the bid/ask range as our best estimate of fair value of such investment.

As of March 31, 2026, our Valuation Designee determined, in good faith, the fair value of our investment portfolio in accordance with GAAP and our valuation procedures based on the facts and circumstances known by us at that time, or reasonably expected to be known at that time.

***Net Realized Gain or Loss and Net Change in Unrealized Gain or Loss***

We measure realized gain or loss by the difference between the net proceeds from the sale and the amortized cost basis of the investment, without regard to unrealized gain or loss previously recognized. Net change in unrealized gain or loss reflects the change in portfolio investment values during the reporting period, including any reversal of previously recorded unrealized gain or loss, when gain or loss is realized. Additionally, we do not isolate the change in fair value resulting from foreign currency exchange rate fluctuations from the changes in the fair values of the underlying investment. All fluctuations in fair value are included in net change in unrealized gain (loss) on investments on our consolidated statements of operations. The impact resulting from changes in foreign exchange rates on the Revolving Credit Facility borrowings is included in net change in unrealized gain (loss) on foreign currency and other transactions.

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***Capital Gains Incentive Fee***

Pursuant to the terms of the Amended Investment Advisory Agreement with MC Advisors, the incentive fee on capital gains earned on liquidated investments of our portfolio is determined and payable in arrears as of the end of each calendar year (or upon termination of the Amended Investment Advisory Agreement). This fee equals 12.5% (reduced from 15.0% as a result of MC Advisors April 18, 2022 agreement to permanently waive a portion of the incentive fees starting on January 1, 2022) of our incentive fee capital gains (i.e., our realized capital gains on a cumulative basis from inception, calculated as of the end of the applicable period, net of all realized capital losses and unrealized capital depreciation on a cumulative basis), less the aggregate amount of any previously paid capital gains incentive fees. On a quarterly basis, we accrue for the capital gains incentive fee by calculating such fee as if it were due and payable as of the end of such period.

While the Amended Investment Advisory Agreement with MC Advisors neither includes nor contemplates the inclusion of unrealized gains in the calculation of the capital gains incentive fee, pursuant to an interpretation of an American Institute for Certified Public Accountants Technical Practice Aid for investment companies, we include unrealized gains in the calculation of the capital gains incentive fee expense and related accrued capital gains incentive fee. This accrual reflects the incentive fees that would be payable to MC Advisors if our entire portfolio was liquidated at its fair value as of the balance sheet date even though MC Advisors is not entitled to an incentive fee with respect to unrealized gains unless and until such gains are actually realized.

During the three months ended March 31, 2026, there were zero accrued capital gains incentive fees on our portfolio during the period. There were no payables to MC Advisors for capital gains incentive fees for the three months ended March 31, 2026. During the three months ended March 31, 2025, we reversed previously accrued capital gains incentive fees of $0.8 million based on unrealized losses on our portfolio during the period. This reversal was partially offset by $16 thousand of accrued capital gains incentive fees payable to MC Advisors as a result of realized gains during the period.

***New Accounting Pronouncements***

In November 2024, the FASB issued ASU 2024-03, *Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures* ("ASU 2024-03"), which requires disaggregated disclosure of certain costs and expenses, including purchases of inventory, employee compensation, depreciation, amortization and depletion, within relevant income statement captions. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim periods beginning with the first quarter ended March 31, 2028. Early adoption and retrospective application are permitted. We are currently evaluating the impact of adopting ASU 2024-03.

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**ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

We are subject to financial market risks, including valuation risk, interest rate risk, currency risk and inflation and supply chain risk. The prices of securities held by us may decline in response to certain events, including, without limitation, those directly involving the companies we invest in; conditions affecting the general economy; overall market changes; legislative reform; local, regional, national or global political, social or economic instability, including related to elevated inflation levels and uncertainty resulting from tariffs and trade policy changes; and interest rate fluctuations.

***Valuation Risk***

Because there is not a readily available market value for most of the investments in our portfolio, substantially all of our portfolio investments are valued at fair value as determined in good faith by MC Advisors, as the Valuation Designee, in accordance with its established valuation policies and subject to oversight by our Board. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of our investments may fluctuate from period to period. Additionally, the fair value of our investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that we may ultimately realize. Further, such investments are generally subject to legal and other restrictions on resale or otherwise are less liquid than publicly traded securities. If we were required to liquidate a portfolio investment in a forced or liquidation sale, we could realize significantly less than the value at which we have recorded it. In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected in the valuations currently assigned. See "Management's Discussion and Analysis of Financial Condition and Results of Operations—Significant Accounting Estimates and Critical Accounting Policies" as well as Notes 2 and 4 to our consolidated financial statements for the three months ended March 31, 2026 for more information relating to our investment valuation.

In accordance with Rule 2a-5 under the 1940 Act, our Board periodically assesses and manages material risks associated with the determination of the fair value of our investments.

***Interest Rate Risk***

Interest rate sensitivity refers to the change in our earnings that may result from changes in the level of interest rates. Because we fund a portion of our investments with borrowings, our net investment income is affected by the difference between the rate at which we invest and the rate at which we borrow. As a result, there can be no assurance that a significant change in market interest rates will not have a material adverse effect on our net investment income.

In a prolonged low interest rate environment, the difference between the total interest income earned on interest earning assets and the total interest expense incurred on interest bearing liabilities may be compressed, reducing our net income and potentially adversely affecting our operating results. Conversely, in a rising interest rate environment, such difference could potentially increase thereby increasing our net income as indicated per the table below.

The majority of the loans in our portfolio have floating interest rates and we expect that our loans in the future may also have floating interest rates. These loans are usually based on a floating SOFR and typically have interest rate re-set provisions that adjust applicable interest rates under such loans to current market rates on a monthly or quarterly basis. The majority of the loans in our current portfolio have interest rate floors that will effectively convert the loans to fixed rate loans in the event interest rates decrease. In addition, our Revolving Credit Facility, SPV Credit Facility, SPV II Credit Facility, SPV III Credit Facility, SPV IV Credit Facility, SPV V Credit Facility, 2023 Class A-R Notes and 2025 Secured Notes bear interest at a variable rate with no interest rate floors, whereas our 2022 Secured Notes, 2023 Class B-R Notes, 2023 Class C-R Notes and Unsecured Notes have fixed interest rates until maturity. We expect that other credit facilities into which we may enter in the future may also have floating interest rate provisions.

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Assuming that the consolidated statement of assets and liabilities as of March 31, 2026 was to remain constant and that we took no actions to alter our existing interest rate sensitivity, the following table shows the annualized impact of hypothetical base rate changes in interest rates (in thousands):

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| | | | |
|:---|:---|:---|:---|
| **Change in Interest Rates** | **Increase<br>(decrease) in<br>interest income** | **Increase<br>(decrease) in<br>interest expense** | **Net increase**<br>**(decrease) in net**<br>**investment income** <sup>(1)</sup> |
| Down 300 basis points | $(138663) | $(66844) | $(71819) |
| Down 200 basis points | (100880) | (44563) | (56317) |
| Down 100 basis points | (50982) | (22281) | (28701) |
| Up 100 basis points | 52615 | 22281 | 30334 |
| Up 200 basis points | 105230 | 44563 | 60667 |
| Up 300 basis points | 157845 | 66844 | 91001 |

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**________________________________________________________**

<sup>(1)</sup> Excludes the impact of income based incentive fees. See Note 6 to our consolidated financial statements for more information on income based incentive fees.

Although we believe that this analysis is indicative of our existing sensitivity to interest rate changes, it does not adjust for changes in the credit market, credit quality, the size and composition of the assets in our portfolio and other business developments, including borrowing under our floating rate credit facilities or other borrowings that could affect net increase in net assets resulting from operations, or net income. Accordingly, we can offer no assurances that actual results would not differ materially from the analysis above.

We may in the future hedge against interest rate fluctuations by using standard hedging instruments such as futures, options and forward contracts to the extent permitted under the 1940 Act and applicable commodities laws. While hedging activities may insulate us against adverse changes in interest rates, they may also limit our ability to participate in the benefits of lower interest rates with respect to the investments in our portfolio with fixed interest rates or interest rate floors.

***Currency Risk***

We may also have exposure to foreign currencies (currently Australian dollars (AUD), Canadian dollars (CAD), Euros (EUR) and Great Britain pounds (GBP)) related to certain investments and borrowings through our Revolving Credit Facility. Such investments are translated into U.S. dollars based on the spot rate at each balance sheet date, exposing us to movements in the applicable exchange rate. In order to reduce our exposure to fluctuations in exchange rates, we may borrow in foreign currency under our Revolving Credit Facility to finance such investments or we may enter into foreign currency forward contracts. As of March 31, 2026, we had foreign currency forward contracts in place for AUD 37.7 million, CAD 32.7 million, EUR 5.7 million and GBP 6.8 million associated with future principal and interest payments on certain investments.

***Inflation and Supply Chain Risk***

U.S. inflation rates have fluctuated in recent periods and remain elevated in comparison to historical levels over the past several decades. Inflationary pressures have increased the costs of labor, energy and raw materials and have adversely affected consumer spending, economic growth and our portfolio companies' operations. Inflation is likely to continue to be elevated in the near to medium-term, particularly in the U.S., with the possibility that monetary policy may tighten in response. Persistent inflationary pressures could affect our portfolio companies' profit margins and impact their ability to pay interest and principal on our loans, particularly if interest rates rise in response to inflation.

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**ITEM 4. CONTROLS AND PROCEDURES**

*Evaluation of Disclosure Controls and Procedures*

In accordance with Rules 13a-15(b) and 15d-15(b) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), our management, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Exchange Act) as of March 31, 2026. Based on that evaluation, our management, including the Chief Executive Officer and Chief Financial Officer, concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective and provided reasonable assurance that information required to be disclosed in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. Notwithstanding the foregoing, a control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the objectives of the system are met. In addition, the design of any control system is based in part upon certain assumptions about the likelihood of future events. Because of these and other inherent limitations of control systems, there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions, regardless of how remote.

*Changes in Internal Control Over Financial Reporting*

No change occurred in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the quarter ended March 31, 2026 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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**PART II. OTHER INFORMATION**

**Item 1. Legal Proceedings**

From time to time, we, our executive officers, directors and our investment adviser, its affiliates and/or any of their respective principals and employees are subject to legal proceedings in the ordinary course of business, including those arising from our investments in our portfolio companies, and we may, as a result, incur significant costs and expenses in connection with such legal proceedings. Legal proceedings may increase to the extent we find it necessary to foreclose or otherwise enforce remedies with respect to any loans that are in default, which borrowers may seek to resist by asserting counterclaims and defenses, against us or our investment adviser. As of March 31, 2026, we were not subject to any material pending legal proceedings.

We and our investment adviser are also subject to extensive regulation, which may, from time to time, result in requests for information from us or our investment adviser or regulatory proceedings or investigations against us or our investment adviser. We may incur significant costs and expenses in connection with any such information requests, proceedings or investigations.

While the outcome of any such future legal or regulatory proceedings cannot be predicted with certainty, there can be no assurance whether any pending or future legal proceedings will have a material adverse effect on our or our investment adviser's financial condition or results of operations in any future reporting period.

**Item 1A. Risk Factors**

You should carefully consider information contained in this quarterly report on Form 10-Q, including our interim consolidated financial statements and the related notes thereto, before making a decision to purchase our securities. In addition to the other information set forth in this report, you should carefully consider the risk factors described in "Risk Factors" in Part I, Item 1A of our annual report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 6, 2026. There have been no material changes known to us during the quarter ended March 31, 2026 to the risk factors discussed in "Risk Factors" in Part I, Item 1A of our annual report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 6, 2026. The risks and uncertainties described in our annual report on Form 10-K are not the only ones we may face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results. If any of the risks listed in our annual report on Form 10-K actually occur, our business, financial condition or results of operations could be materially adversely affected. If that happens, you may lose all or part of your investment.

**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds**

The following tables summarize the issuance of shares during the three months ended March 31, 2026, par value $0.01 per share:

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| | | | |
|:---|:---|:---|:---|
| **Date** | **Price Per<br>Share** | **Shares Issued** | **Proceeds** |
| **Three months ended March 31, 2026:** | | | |
| January 2, 2026 | $9.87 | 4690159 | $46292 |
| February 2, 2026 | $9.87 | 2597869 | 25641 |
| March 2, 2026 | $9.80 | 2876264 | 28187 |
| &nbsp;&nbsp;&nbsp;Total |  | 10164292 | $100120 |

---

The sale of shares of our common stock was made pursuant to subscription agreements entered into by us, on the one hand, and each of our investors, on the other hand. The issuance and sale of the shares of our common stock is exempt from the registration requirements of the Securities Act, pursuant to Section 4(a)(2) thereof and Regulation D or Regulation S thereunder, as applicable.

Except as previously reported by us in this Item 2 or on our current reports on Form 8-K, we did not sell any securities during the period covered by this Form 10-Q that were not registered under the Securities Act.

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**Item 3. Defaults Upon Senior Securities**

None.

**Item 4. Mine Safety Disclosures**

Not applicable.

**Item 5. Other Information**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) None.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) None.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Rule 10b5-1 Trading Plans*

During the quarter ended March 31, 2026, no director or executive officer of the Company adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities to satisfy the affirmative defense conditions of Exchange Act Rule 10b5-1(c) or any "non-Rule 10b5-1 trading arrangement."

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**Item 6. Exhibits**

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| | |
|:---|:---|
| **Exhibit<br>Number** | **Description of Document** |
| 3.1 | <u>[Articles of Incorporation](https://www.sec.gov/Archives/edgar/data/1742313/000114420418040791/tv499037_ex3-1.htm)</u> <sup>(1)</sup> |
| 3.2 | <u>[Articles of Amendment and Restatement](https://www.sec.gov/Archives/edgar/data/1742313/000114420418063644/tv508633_ex3-1.htm)</u> <sup>(2)</sup> |
| 3.3 | <u>[Articles of Amendment](https://www.sec.gov/Archives/edgar/data/1742313/000174231325000064/mcip-articlesofamendmentsh.htm)</u> <sup>(4)</sup> |
| 3.4 | <u>[Amended and Restated Bylaws](https://www.sec.gov/Archives/edgar/data/1742313/000110465922053807/tm2214085d1_ex3-1.htm)</u> <sup>(3)</sup> |
| 10.1 | <u>[Second](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[Amendment to](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[Loan, Security and Servicing](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[Agreement, dated as of](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[March 17](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[,](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[2026](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[, by and among the Company, as](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[servicer](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[, MC Income Plus Financing SPV](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[IV](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[LLC, as borrower, the lenders party thereto,](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[Capital One,](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[National Association, as administrative agent](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[,](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[U.S. Bank Trust Company, National Association, as collateral](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[custodian](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[and](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[as](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[collateral administrator, and U.S. Bank National Association, as document](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)[custodian.](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-1.htm)</u><sup>(5)</sup> |
| 10.2 | <u>[First Amendment to Loan, Security and Servicing](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-2.htm)[Agreement](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-2.htm)[, dated as of March 17, 2026, by and among](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-2.htm)[the Company](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-2.htm)[, as servicer, MC Income Plus Financing SPV V LLC, as borrower, the lenders party thereto, Capital One, National Association, as administrative agent, U.S. Bank Trust Company, National Association, as collateral custodian](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-2.htm)[and](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-2.htm)[as collateral administrator](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-2.htm)[,](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-2.htm)[and U.S. Bank National Association](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-2.htm)[, as](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-2.htm)[document custodian.](https://www.sec.gov/Archives/edgar/data/1742313/000110465926032174/tm269328d1_ex10-2.htm)</u><sup>(5)</sup> |
| 31.1 | <u>[Certification of Chief Executive Officer pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002\*](mcip2026331-exx311.htm)</u> |
| 31.2 | <u>[Certification of Chief Financial Officer pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](mcip2026331-exx312.htm)\*</u> |
| 32.1 | <u>[Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](mcip2026331-exx321.htm)\*</u> |
| 101.INS | Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | Inline XBRL Taxonomy Extension Labels Linkbase Document |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| 104 | Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit) |

---

_________________________________________

\*Filed herewith

<sup>(1)</sup> Previously filed as an exhibit to amendment no. 1 to the registration Statement on Form 10 (File No. 000-55941) filed with the SEC on July 30, 2018.

<sup>(2)</sup> Previously filed as an exhibit to the current report on Form 8-K filed with the SEC on December 7, 2018.

<sup>(3)</sup> Previously filed as an exhibit to the current report on Form 8-K filed with the SEC on April 29, 2022.

<sup>(4)</sup> Previously filed as Exhibit 3.3 to the quarterly report on Form 10-Q filed with the SEC on August 8, 2025.

<sup>(5)</sup> Previously filed as an exhibit to the current report on Form 8-K filed with the SEC on March 19, 2026.

------

<u>[**Table of Contents**](#i7c7076d3b91a4779afa81d3bcda16a8b_247)</u>

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Date: May 8, 2026 | By | /s/ Theodore L. Koenig |
|  |  | Theodore L. Koenig<br>Chairman, Chief Executive Officer and Director<br>*(Principal Executive Officer)*<br>Monroe Capital Income Plus Corporation |
| Date: May 8, 2026 | By | /s/ Lewis W. Solimene, Jr. |
|  |  | Lewis W. Solimene, Jr.<br>Chief Financial Officer and Chief Investment Officer<br>*(Principal Financial and Accounting Officer)*<br>Monroe Capital Income Plus Corporation |

---

## Exhibit 31.1

**Exhibit 31.1**

**CERTIFICATION OF CHIEF EXECUTIVE OFFICER**

**PURSUANT TO RULE 13a-14 OF THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED**

**PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Theodore L. Koenig, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.I have reviewed this Quarterly Report on Form 10-Q of Monroe Capital Income Plus Corporation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 8, 2026

---

| |
|:---|
| /s/ Theodore L. Koenig |
| Theodore L. Koenig |
| Chairman, Chief Executive Officer and Director |
| *(Principal Executive Officer)* |
| Monroe Capital Income Plus Corporation |

---

## Exhibit 31.2

**Exhibit 31.2** 

**CERTIFICATION OF CHIEF FINANCIAL OFFICER**

**PURSUANT TO RULE 13a-14 OF THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED**

**PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002** 

I, Lewis W. Solimene, Jr., certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.I have reviewed this Quarterly Report on Form 10-Q of Monroe Capital Income Plus Corporation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 8, 2026

---

| |
|:---|
| /s/ Lewis W. Solimene, Jr. |
| Lewis W. Solimene, Jr. |
| Chief Financial Officer and Chief Investment Officer |
| *(Principal Financial and Accounting Officer)* |
| Monroe Capital Income Plus Corporation |

---

## Exhibit 32.1

**Exhibit 32.1** 

**CERTIFICATION PURSUANT TO**

**18 U.S.C. SECTION 1350, AS ADOPTED**

**PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002** 

In connection with the Quarterly Report on Form 10-Q of Monroe Capital Income Plus Corporation (the "Company") for the quarterly period ended March 31, 2026, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Theodore L. Koenig, Chief Executive Officer of the Company, and I, Lewis W. Solimene, Jr., Chief Financial Officer of the Company, each certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to our knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 8, 2026

---

| |
|:---|
| /s/ Theodore L. Koenig |
| Theodore L. Koenig |
| Chairman, Chief Executive Officer and Director |
| *(Principal Executive Officer)* |
| Monroe Capital Income Plus Corporation |
| /s/ Lewis W. Solimene, Jr. |
| Lewis W. Solimene, Jr. |
| Chief Financial Officer and Chief Investment Officer |
| *(Principal Financial and Accounting Officer)* |
| Monroe Capital Income Plus Corporation |

---

<br>