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Last $8.15 USD
Change Today +0.05 / 0.62%
Volume 204.4K
As of 8:04 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

medley capital corp (MCC) Snapshot

Open
$8.16
Previous Close
$8.10
Day High
$8.18
Day Low
$8.06
52 Week High
09/4/14 - $12.89
52 Week Low
08/24/15 - $7.61
Market Cap
470.6M
Average Volume 10 Days
364.1K
EPS TTM
$1.11
Shares Outstanding
57.7M
EX-Date
08/17/15
P/E TM
7.3x
Dividend
$1.20
Dividend Yield
15.58%
Current Stock Chart for MEDLEY CAPITAL CORP (MCC)

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medley capital corp (MCC) Details

Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport. The fund seeks to invest in companies located in North America. The fund targets private debt transactions in companies with enterprise values or asset values between $25 million and $250 million. The fund seeks to invest in companies with debt investment values between $10 million and $50 million. It exits its investments between three years and seven years; it holds most of its investments to maturity or repayment, but may realize or sell some investments earlier. The fund may take a board seat on its investee companies and can also offer managerial assistance to certain portfolio companies. It structures its investments as first lien senior secured loans, second lien senior secured loans, senior secured notes, senior subordinated notes, subordinate notes, unitranche loans, and seeks warrants or other equity participation. The fund may co-invest in privately negotiated transactions under certain conditions.

medley capital corp (MCC) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: --
Chief Financial Officer and Secretary
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Principal and Head of Operations and Administ...
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Senior Managing Director and Head of Investin...
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Principal and Head of Talent Development
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Compensation as of Fiscal Year 2015.

medley capital corp (MCC) Key Developments

Medley Capital Corporation Declares Quarterly Dividend, Payable on September 11, 2015; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015

On August 5, 2015, Medley Capital Corporation board of directors declared a quarterly dividend of $0.30 per share payable on September 11, 2015 to holders of record as of August 19, 2015. The company reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company's total investment income was $35,964,000 compared with $38,072,000 a year ago. Net investment income was $17,240,000 or $0.30 per weighted average basic and diluted share compared with $20,694,000 or $0.41 per weighted average basic and diluted share a year ago. Net increase in net assets resulting from operations was $8,373,000 compared with $16,589,000 a year ago. Weighted average basic and diluted earnings per common share were $0.14 compared to $0.33 a year ago. For the nine months, the company's total investment income was $112,588,000 compared with $101,138,000 a year ago. Net investment income was $55,383,000 or $0.95 per weighted average basic and diluted share compared with $54,280,000 or $1.21 per weighted average basic and diluted share a year ago. Net increase in net assets resulting from operations was $1,840,000 compared with $43,324,000 a year ago. Weighted average basic and diluted earnings per common share were $0.03 compared to $0.97 a year ago.

Medley Capital Corporation and Sierra Income Corp. Close on $100 Million 7-Year Senior Secured Credit Facility

Medley Management Inc. announced that Medley Capital Corporation's MCC Senior Loan Strategy JV I LLC and Sierra Income Corporation 'sSierra Senior Loan Strategy JV I LLC each close on a $100 million 7-year senior secured credit facility. Credit Suisse AG, Cayman Islands Branch is the Administrative Agent for both facilities. In March 2015, Medley Capital Corporation ("MCC") and Sierra Income Corporation each announced the formation of joint ventures with a premier U.S. provider of fixed and fixed-index annuities to invest primarily in middle market senior secured loans and other corporate debt securities. Both MCC and Sierra together with the joint venture partner committed an aggregate of $200 million of equity to the joint ventures, with MCC and Sierra each providing $87.5 million and the joint venture partner providing $12.5 million to each joint venture.

Medley Capital Corporation Amends and Extends Credit Facility

Medley Capital Corporation announced an amendment, extension and reduction in pricing to its existing term loan credit facility (the Term Loan Facility) and revolving credit facility (the Revolving Facility). The pricing on the Term Loan Facility was reduced from LIBOR plus 3.25% to LIBOR plus 3.00% with no floor. The pricing on the Revolving Facility will remain the same at LIBOR plus 2.75% with no floor. Additionally, the Term Loan Facility's bullet maturity was extended from June 2019 to July 2020 and the Revolving Facility's revolving period was extended from June 2017 to July 2019, followed by a one-year amortization period and a final maturity in July 2020. The combined Revolving Facility and Term Loan Facility's total commitment and accordion feature remained the same at $517.5 million and $600 million, respectively.

 

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