on february 28 , 2014 , our wholly-owned subsidiary , monroe capital corporation sbic , lp ( “ mrcc sbic ” ) , a delaware limited partnership , received a license from the small business administration ( “ sba ” ) to operate as a small business investment company ( “ sbic ” ) under section 301 ( c ) of the small business investment act of 1958. mrcc sbic commenced operations on september 16 , 2013. see “ sba debentures ” below for more information . on september 12 , 2018 , we closed a public offering of $ 69.0 million in aggregate principal amount of senior unsecured notes ( “ 2023 notes ” ) . the 2023 notes will mature on october 31 , 2023. see “ 2023 notes ” below for more information . 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 investment 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 which 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 , 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 . all other income is recorded into income when earned . 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 recognized as fee income in the period the service has been completed . 49 dividend income on preferred equity securities 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 securities 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 securities and llc and lp investments may fluctuate significantly from period to period . expenses our primary operating expenses include the payment of fees to monroe capital bdc advisors , llc ( “ mc advisors ” ) under the investment advisory and management agreement ( management and incentive fees ) , and the payment of fees to monroe capital management advisors , llc ( “ mc management ” ) for our allocable portion of overhead and other expenses under 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 investment advisory and management agreement and administration agreement . our expenses also include interest expense on our various forms of 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 based on the difference between the net proceeds from the disposition and the cost basis of the investment without regard to unrealized gains or losses previously recognized . we record current period changes in fair value of investments , secured borrowings , foreign currency and other transactions within net change in unrealized gain ( loss ) in the consolidated statements of operations . story_separator_special_tag based on the weighted average shares of common stock outstanding for the years ended december 31 , 2018 , 2017 and 2016 , our per share net increase in net assets resulting from operations was $ 0.29 , $ 0.65 and $ 1.68 , respectively . the $ 6.4 million decrease during the year ended december 31 , 2018 , is primarily the result of an increase in net mark-to-market losses on investments in the portfolio , partially offset by an increase in net investment income primarily due to portfolio growth and the incentive fee limitation . the $ 12.2 million decrease during the year ended december 31 , 2017 , is primarily the result of an increase in net unrealized mark-to-market losses on investments in the portfolio , partially offset by an increase in net investment income due to portfolio growth . liquidity and capital resources as of december 31 , 2018 , we had $ 3.7 million in cash , $ 14.0 million in cash at mrcc sbic , $ 136.0 million of total debt outstanding on our revolving credit facility , $ 69.0 million in 2023 notes and $ 115.0 million in outstanding sba debentures . we had $ 64.0 million available for additional borrowings on our revolving credit facility . see “ borrowings ” below for additional information . cash flows for the year ended december 31 , 2018 , we experienced a net increase in cash and restricted cash of $ 10.5 million . during the same period we used $ 55.1 million in operating activities , primarily as a result of purchases of portfolio investments , partially offset by sales of and principal repayments on portfolio investments . during the same period , we generated $ 65.7 million from financing activities , primarily as a result of proceeds from our 2023 notes ( net of deferred financing cost payments ) and net borrowings on our revolving credit facility , partially offset by distributions to stockholders . for the year ended december 31 , 2017 , we experienced a net decrease in cash and restricted cash of $ 1.1 million . during the same period we used $ 69.6 million in operating activities , primarily as a result of purchases of portfolio investments , partially offset by sales of and principal repayments on portfolio investments . during the same period , we generated $ 68.4 million from financing activities , primarily as a result of net proceeds from capital raises and sba debenture borrowings , partially offset by net repayments on our revolving credit facility and distributions to stockholders . for the year ended december 31 , 2016 , we experienced a net decrease in cash and restricted cash of $ 5.5 million . during the same period we used $ 51.9 million in operating activities , primarily as a result of purchases of portfolio investments , partially offset by sales of and principal repayments on portfolio investments . during the same year , we generated $ 46.3 million from financing activities , principally from net proceeds from our capital raises during the period , net borrowings on our revolving credit facility and sba debenture borrowings , partially offset by distributions to stockholders and decreases in secured borrowings . story_separator_special_tag under the revolving credit facility is subject to availability under a defined borrowing base , which varies based on portfolio characteristics and certain eligibility criteria and concentration limits , as well as required valuation methodologies . we may make draws under the revolving credit facility to make or purchase additional investments through december 2019 and for general working capital purposes until the maturity date of the revolving credit facility . borrowings under the revolving credit facility bear interest , at our election , at an annual rate of libor ( one-month , two-month , three-month or six-month at our discretion based on the term of the borrowing ) plus 2.75 % or at a daily rate equal to 1.75 % per annum plus the greater of the prime interest rate , the federal funds rate plus 0.5 % or libor plus 1.0 % . in addition to the stated interest rate on borrowings under the revolving credit facility , we are required to pay a fee of 0.5 % per annum on any unused portion of the revolving credit facility if the unused portion of the facility is less than 65 % of the then available maximum borrowing or a fee of 1.0 % per annum on any unused portion of the revolving credit facility if the unused portion of the facility is greater than or equal to 65 % of the then available maximum borrowing . as of december 31 , 2018 and 2017 , the outstanding borrowings were accruing at a weighted average interest rate of 5.0 % and 4.4 % , respectively . the weighted average interest rate of the revolving credit facility borrowings ( excluding debt issuance costs ) for the years ended december 31 , 2018 , 2017 and 2016 was 4.7 % , 4.2 % and 3.6 % , respectively . the weighted average fee rate on the unused portion of the revolving credit facility for the years ended december 31 , 2018 , 2017 and 2016 was 0.6 % , 0.5 % and 0.5 % , respectively . 56 our ability to borrow under the revolving credit facility is subject to availability under the borrowing base , which permits us to borrow up to 70 % of the fair market value of our portfolio company investments depending on the type of the investment we hold and whether the investment is quoted . our ability to borrow is also subject to certain concentration limits , and our continued compliance with the representations , warranties and covenants given by us under the facility . the revolving credit facility contains certain financial and restrictive covenants , including , but not limited to , our maintenance of : ( 1 ) a

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 , 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 and make cash distributions to our stockholders . 55 as a bdc , we are generally not permitted to issue and sell our common stock at a price below net asset value 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 net asset value per share of our common stock if our board , including independent directors , determines that such sale is in the best interests of us and our stockholders , and if our stockholders have approved such sales . on june 20 , 2018 , our stockholders voted to allow us to sell or otherwise issue common stock at a price below net asset value per share for a period of one year , subject to certain limitations . as of december 31 , 2018 and 2017 , we had 20,444,564 and 20,239,957 shares outstanding , respectively . on june 24 , 2015 , our stockholders approved a proposal to authorize us to issue warrants , options or rights to subscribe to , convert to , or purchase our common stock in one or more offerings . this is a standing authorization and does not require annual re-approval by our stockholders . on march 27 , 2018 , our board approved the application of the modified asset coverage requirements set forth in section 61 ( a ) ( 2 ) of the 1940 act . on june 20 , 2018 , our stockholders approved a proposal to accelerate the effective date of the modified asset coverage requirements .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```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 , 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 and make cash distributions to our stockholders . 55 as a bdc , we are generally not permitted to issue and sell our common stock at a price below net asset value 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 net asset value per share of our common stock if our board , including independent directors , determines that such sale is in the best interests of us and our stockholders , and if our stockholders have approved such sales . on june 20 , 2018 , our stockholders voted to allow us to sell or otherwise issue common stock at a price below net asset value per share for a period of one year , subject to certain limitations . as of december 31 , 2018 and 2017 , we had 20,444,564 and 20,239,957 shares outstanding , respectively . on june 24 , 2015 , our stockholders approved a proposal to authorize us to issue warrants , options or rights to subscribe to , convert to , or purchase our common stock in one or more offerings . this is a standing authorization and does not require annual re-approval by our stockholders . on march 27 , 2018 , our board approved the application of the modified asset coverage requirements set forth in section 61 ( a ) ( 2 ) of the 1940 act . on june 20 , 2018 , our stockholders approved a proposal to accelerate the effective date of the modified asset coverage requirements .
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 Suspicious Activity Report : on february 28 , 2014 , our wholly-owned subsidiary , monroe capital corporation sbic , lp ( “ mrcc sbic ” ) , a delaware limited partnership , received a license from the small business administration ( “ sba ” ) to operate as a small business investment company ( “ sbic ” ) under section 301 ( c ) of the small business investment act of 1958. mrcc sbic commenced operations on september 16 , 2013. see “ sba debentures ” below for more information . on september 12 , 2018 , we closed a public offering of $ 69.0 million in aggregate principal amount of senior unsecured notes ( “ 2023 notes ” ) . the 2023 notes will mature on october 31 , 2023. see “ 2023 notes ” below for more information . 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 investment 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 which 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 , 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 . all other income is recorded into income when earned . 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 recognized as fee income in the period the service has been completed . 49 dividend income on preferred equity securities 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 securities 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 securities and llc and lp investments may fluctuate significantly from period to period . expenses our primary operating expenses include the payment of fees to monroe capital bdc advisors , llc ( “ mc advisors ” ) under the investment advisory and management agreement ( management and incentive fees ) , and the payment of fees to monroe capital management advisors , llc ( “ mc management ” ) for our allocable portion of overhead and other expenses under 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 investment advisory and management agreement and administration agreement . our expenses also include interest expense on our various forms of 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 based on the difference between the net proceeds from the disposition and the cost basis of the investment without regard to unrealized gains or losses previously recognized . we record current period changes in fair value of investments , secured borrowings , foreign currency and other transactions within net change in unrealized gain ( loss ) in the consolidated statements of operations . story_separator_special_tag based on the weighted average shares of common stock outstanding for the years ended december 31 , 2018 , 2017 and 2016 , our per share net increase in net assets resulting from operations was $ 0.29 , $ 0.65 and $ 1.68 , respectively . the $ 6.4 million decrease during the year ended december 31 , 2018 , is primarily the result of an increase in net mark-to-market losses on investments in the portfolio , partially offset by an increase in net investment income primarily due to portfolio growth and the incentive fee limitation . the $ 12.2 million decrease during the year ended december 31 , 2017 , is primarily the result of an increase in net unrealized mark-to-market losses on investments in the portfolio , partially offset by an increase in net investment income due to portfolio growth . liquidity and capital resources as of december 31 , 2018 , we had $ 3.7 million in cash , $ 14.0 million in cash at mrcc sbic , $ 136.0 million of total debt outstanding on our revolving credit facility , $ 69.0 million in 2023 notes and $ 115.0 million in outstanding sba debentures . we had $ 64.0 million available for additional borrowings on our revolving credit facility . see “ borrowings ” below for additional information . cash flows for the year ended december 31 , 2018 , we experienced a net increase in cash and restricted cash of $ 10.5 million . during the same period we used $ 55.1 million in operating activities , primarily as a result of purchases of portfolio investments , partially offset by sales of and principal repayments on portfolio investments . during the same period , we generated $ 65.7 million from financing activities , primarily as a result of proceeds from our 2023 notes ( net of deferred financing cost payments ) and net borrowings on our revolving credit facility , partially offset by distributions to stockholders . for the year ended december 31 , 2017 , we experienced a net decrease in cash and restricted cash of $ 1.1 million . during the same period we used $ 69.6 million in operating activities , primarily as a result of purchases of portfolio investments , partially offset by sales of and principal repayments on portfolio investments . during the same period , we generated $ 68.4 million from financing activities , primarily as a result of net proceeds from capital raises and sba debenture borrowings , partially offset by net repayments on our revolving credit facility and distributions to stockholders . for the year ended december 31 , 2016 , we experienced a net decrease in cash and restricted cash of $ 5.5 million . during the same period we used $ 51.9 million in operating activities , primarily as a result of purchases of portfolio investments , partially offset by sales of and principal repayments on portfolio investments . during the same year , we generated $ 46.3 million from financing activities , principally from net proceeds from our capital raises during the period , net borrowings on our revolving credit facility and sba debenture borrowings , partially offset by distributions to stockholders and decreases in secured borrowings . story_separator_special_tag under the revolving credit facility is subject to availability under a defined borrowing base , which varies based on portfolio characteristics and certain eligibility criteria and concentration limits , as well as required valuation methodologies . we may make draws under the revolving credit facility to make or purchase additional investments through december 2019 and for general working capital purposes until the maturity date of the revolving credit facility . borrowings under the revolving credit facility bear interest , at our election , at an annual rate of libor ( one-month , two-month , three-month or six-month at our discretion based on the term of the borrowing ) plus 2.75 % or at a daily rate equal to 1.75 % per annum plus the greater of the prime interest rate , the federal funds rate plus 0.5 % or libor plus 1.0 % . in addition to the stated interest rate on borrowings under the revolving credit facility , we are required to pay a fee of 0.5 % per annum on any unused portion of the revolving credit facility if the unused portion of the facility is less than 65 % of the then available maximum borrowing or a fee of 1.0 % per annum on any unused portion of the revolving credit facility if the unused portion of the facility is greater than or equal to 65 % of the then available maximum borrowing . as of december 31 , 2018 and 2017 , the outstanding borrowings were accruing at a weighted average interest rate of 5.0 % and 4.4 % , respectively . the weighted average interest rate of the revolving credit facility borrowings ( excluding debt issuance costs ) for the years ended december 31 , 2018 , 2017 and 2016 was 4.7 % , 4.2 % and 3.6 % , respectively . the weighted average fee rate on the unused portion of the revolving credit facility for the years ended december 31 , 2018 , 2017 and 2016 was 0.6 % , 0.5 % and 0.5 % , respectively . 56 our ability to borrow under the revolving credit facility is subject to availability under the borrowing base , which permits us to borrow up to 70 % of the fair market value of our portfolio company investments depending on the type of the investment we hold and whether the investment is quoted . our ability to borrow is also subject to certain concentration limits , and our continued compliance with the representations , warranties and covenants given by us under the facility . the revolving credit facility contains certain financial and restrictive covenants , including , but not limited to , our maintenance of : ( 1 ) a

