On April 2, 2024, Jeffrey D. Steele and Jorde M. Nathan informed the Board of Directors (the ?Board?) of Monroe Capital Corporation (the ?Company?) of each of their intentions to step down from the Board following the conclusion of the current director service year. Mr. Steele will not stand for re-election as a Class III director at the Company?s 2024 Annual Meeting of Stockholders (the ?Annual Meeting?), which is expected to be held in June 2024, and Mr. Nathan will resign from the Board, effective as of the Annual Meeting. Mr. Nathan also will step down as a member of the Board?s Nominating and Corporate Governance Committee and Compensation Committee at the same time As such, the Board has determined to reduce the size of the Board from seven (7) to five (5) directors, effective as of the Annual Meeting.

The Board expects to nominate one Class III director to stand for re-election at the Annual Meeting. Following the departure of Mr. Steele and Mr. Nathan from the Board, the Board will consist of two Class I directors, two Class II Directors, and one Class III director. The Board has appointed Thomas J. Allison to replace Mr. Nathan as a member of the Nominating and Corporate Governance Committee, and has appointed Jeffrey A. Golman to replace Mr. Nathan as a member of the Compensation Committee, effective as of the Annual Meeting.

Mr. Steele has served on the Board since the Company?s initial public offering in 2012, and Mr. Nathan has served on the Board since 2013. The Company appreciates and thanks Mr. Steele and Mr. Nathan for their service and commitment as directors and will continue to benefit from their perspectives and insights as directors until the Annual Meeting.