Medley Capital Corporation Declares Dividend of $0.22 Per Share for the Quarter Ended September 30, 2016
November 07 2016 - 4:05PM
NEW YORK, NY (November 7, 2016) - Medley Capital
Corporation (NYSE: MCC) (the "Company") today announced that its
Board of Directors declared a dividend for the quarter ended
September 30, 2016 of $0.22 per share, payable on December 23, 2016
to stockholders of record as of November 23, 2016.
The final determination of the tax attributes of
the Company's distributions is made annually as of the end of the
Company's tax year based upon its taxable income and distributions
paid, in each case, for the full year. Therefore, a determination
as to the tax attributes of the distributions made on a quarterly
basis may not be representative of the actual tax attributes for a
full year. The actual tax characteristics of distributions to
stockholders will be reported to stockholders annually on a Form
1099-DIV.
The Company will host an earnings conference call
and audio webcast at 10:00 a.m. (Eastern Time) on Friday, December
9, 2016.
All interested parties may participate in the
conference call by dialing (888) 637-5728 approximately 5-10
minutes prior to the call, international callers should dial (484)
747-6636. Participants should reference Medley Capital Corporation
and the Conference ID: 7308028 when prompted. Following the call
you may access a replay of the event via audio webcast. This
conference call will be broadcast live over the Internet and can be
accessed by all interested parties through the Company's website,
http://www.medleycapitalcorp.com. To listen to the live call,
please go to the Company's website at least 15 minutes prior to the
start of the call to register and download any necessary audio
software. For those who are not able to listen to the live
broadcast, a replay will be available shortly after the call on the
Company's website.
ABOUT MEDLEY CAPITAL
CORPORATION
Medley Capital Corporation is a closed-end,
externally managed business development company ("BDC") that trades
on the New York Stock Exchange (NYSE: MCC). Medley Capital
Corporation's investment objective is to generate current income
and capital appreciation by lending to privately-held middle market
companies, primarily through directly originated transactions, to
help these companies expand their businesses, refinance and make
acquisitions. Our portfolio generally consists of senior secured
first lien loans and senior secured second lien loans. In many of
our investments, we receive warrants or other equity participation
features, which we believe will increase the total investment
returns. Medley Capital Corporation is externally managed by MCC
Advisors LLC, which is an investment adviser registered under the
Investment Advisers Act of 1940, as amended. For additional
information, please visit Medley Capital Corporation at
www.medleycapitalcorp.com.
ABOUT MCC ADVISORS LLC
MCC Advisors LLC is a subsidiary of Medley
Management Inc. (NYSE: MDLY). Medley is a credit-focused asset
management firm offering yield solutions to retail and
institutional investors. Medley's national direct origination
franchise, with over 80 people, is a premier provider of capital to
the middle market in the U.S. Medley has over $5 billion of
assets under management in two business development companies,
Medley Capital Corporation (NYSE:MCC) and Sierra Income
Corporation, as well as private investment vehicles. Over the past
14 years, we have provided in excess of $6 billion of capital to
over 300 companies across 35 industries in North America. For
additional information, please visit Medley Management Inc. at
www.mdly.com.
FORWARD-LOOKING
STATEMENTS
Statements included herein may
contain "forward-looking statements". Statements other than
statements of historical facts included in this press release may
constitute forward-looking statements and are not guarantees of
future performance or results and involve a number of assumptions,
risks and uncertainties, which change over time. Actual results may
differ materially from those anticipated in any forward-looking
statements as a result of a number of factors, including those
described from time to time in filings by the Company with the
Securities and Exchange Commission. Except as required by law, the
Company undertakes no duty to update any forward-looking statement
made herein. All forward-looking statements speak only as of the
date of this press release.
SOURCE: Medley Capital Corporation
Investor Relations Contact:
Sam Anderson
Head of Capital Markets & Risk
Medley Management Inc.
212-759-0777
Media Contact:
Liz Bruce
Fitzroy Communications
212.498.9197
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Medley Capital Corporation via Globenewswire
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