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Last $9.69 USD
Change Today +0.08 / 0.83%
Volume 14.9K
MVC On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 12:57 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

mvc capital inc (MVC) Snapshot

Open
$9.60
Previous Close
$9.61
Day High
$9.71
Day Low
$9.60
52 Week High
07/30/14 - $12.77
52 Week Low
02/10/15 - $9.30
Market Cap
220.0M
Average Volume 10 Days
46.4K
EPS TTM
$0.01
Shares Outstanding
22.7M
EX-Date
07/23/15
P/E TM
747.8x
Dividend
$0.54
Dividend Yield
5.57%
Current Stock Chart for MVC CAPITAL INC (MVC)

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mvc capital inc (MVC) Details

MVC Capital, Inc. is a business development company specializing in equity, acquisition financing, mezzanine financing, management buyouts, leveraged buildups, corporate partnerships, PIPE transactions, going private transactions, private company recapitalizations, operational turnarounds, and growth and expansion capital transaction financing. The company seeks to invest in mature, small, and middle-market companies. It seeks to invest in companies in the consumer products, business services, industrial manufacturing and services, automotive retailing, energy, food and food service, financial services, insurance, industrial distribution and value-added distribution, medical devices and equipment, specialty chemicals, and security sectors. The company prefers to invest in companies based in the United States. The firm typically invests between $3 million and $25 million for control and non-control stakes in companies with revenues between $10 million and $200 million and EBITDA between $3 million and $25 million. It prefers to be the lead investor in transactions and also co-invests in companies with other private equity sponsors. The company invests in the form of preferred and common equity, and warrants or rights to acquire equity interests; bridge loans; term loans; debt; cash flow loans; senior and subordinated loans; convertible securities; venture capital; mezzanine; and private equity investments.

21 Employees
Last Reported Date: 01/13/14
Founded in 1999

mvc capital inc (MVC) Top Compensated Officers

Chairman, Principal Executive Officer and Por...
Total Annual Compensation: --
Co-Head of Portfolio Management and Director
Total Annual Compensation: --
Chief Financial Officer and Chief Compliance ...
Total Annual Compensation: --
Head of Investor Relations, Vice President, a...
Total Annual Compensation: --
Managing Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

mvc capital inc (MVC) Key Developments

MVC Capital, Inc. Declares Dividend for the third quarter of 2015, Payable on July 31, 2015

MVC Capital, Inc. announced that its board of directors has declared a dividend of $0.135 per share for the third quarter of 2015. The dividend is payable on July 31, 2015 to shareholders of record on July 27, 2015.

Ernst & Young LLP Do Not Stand for Reappointment as Auditor of MVC Capital, Inc

On June 29, 2015, Ernst & Young LLP (E&Y) indicated to MVC Capital, Inc. its determination not to stand for reappointment as the independent registered public accounting firm of the Fund for the fiscal year ending October 31, 2015. The determination was accepted by the Fund's Audit Committee at a meeting held the following day. The process for identifying a successor auditor is underway. E&Y will remain as the Fund's auditor for the financial statements to be included in the Annual Report on Form 10-K for the Fund's fiscal year ended October 31, 2014 and the restated financial statements to be included in an amended Annual Report on Form 10-K for the fiscal year ended October 31, 2013 (together, the 2014 and 2013 Financial Statements), both audits of which are currently in progress.

MVC Capital, Inc. Renews the Credit Facility with Firstrust Bank Until October 31, 2015

On December 30, 2014, MVC Capital, Inc. (the Fund) entered into a six month, $25 million credit facility with Firstrust Bank (Firstrust). On June 29, 2015, the fund renewed the Credit Facility with Firstrust until October 31, 2015, at which time all outstanding amounts under the Credit Facility will be due and payable. The primary changes in the amendment include an increase in the facility from $25 to $30 million and changing from a non-revolving to a revolving line of credit. Other material changes include the replacement of a guaranteed interest charge with an unused fee of 50 bps, and a reduced commitment fee to 50bps from the previous 100bps charged. All other material terms of the Credit Facility remain unchanged, and borrowings under the Credit Facility continue to be subject to certain collateral requirements, which include a first position security lien on substantially all of the Fund’s senior and subordinated debt investments. As of June 30, 2015, there was $6.79 million outstanding under the Credit Facility.

 

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