On April 28, 2023, Frank C. Puleo and Jeanette W. Loeb, members of the Board of Directors of
Midcap Financial Investment Corporation (the Company"), notified the Company that they would not stand for
re-election at the Company's 2023 annual meeting of stockholders. Mr. Puleo and Ms. Loeb's decision to not
stand for re-election is not because of a disagreement with the Company or the Board on any matter relating to
the Company's operations, policies or practices.