Medley Capital Corporation Declares Dividend of $0.16 Per Share for the Quarter Ended September 30, 2017
November 02 2017 - 4:35PM
NEW YORK, NY (November 2, 2017) - Medley Capital
Corporation (NYSE: MCC) (the "Company") today announced that its
Board of Directors declared a dividend for the quarter ended
September 30, 2017 of $0.16 per share, payable on December 22, 2017
to stockholders of record as of November 22, 2017.
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 Thursday,
December 7, 2017.
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: 99307854 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"). Medley is an alternative asset management firm
offering yield solutions to retail and institutional investors.
Medley's national direct origination franchise, with over 85
people, is a premier provider of capital to the middle market in
the U.S. As of June 30, 2017, Medley has over $5 billion of
assets under management in two business development companies,
Medley Capital Corporation (NYSE:MCC) and Sierra Income
Corporation, a credit interval fund, Sierra Total Return Fund
(NASDAQ:SRNTX) and several private investment vehicles. Over the
past 15 years, Medley has provided capital to over 380 companies
across 35 industries in North America.1 For
additional information, please visit Medley Management Inc. at
www.mdly.com.
Medley LLC, the operating company of Medley
Management Inc., has outstanding bonds which trade on the NYSE
under the symbol (NYSE: MDLX) and (NYSE:MDLQ). Medley Capital
Corporation (NYSE: MCC) has outstanding bonds which trade on the
NYSE under the symbols (NYSE: MCV) and (NYSE: MCX).
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 Management
Medley Management Inc.
212.759.0777
Media Contact:
Erin Clark
Teneo Holdings LLC
646.214.8355
_________________________
1 Medley
Management Inc. is the parent company of Medley LLC and several
registered investment advisors (collectively, "Medley"). Assets
under management refers to assets of our funds, which represents
the sum of the net asset value of such funds, the drawn and undrawn
debt (at the fund level, including amounts subject to restrictions)
and uncalled committed capital (including commitments to funds that
have yet to commence their investment periods). Assets under
management are as of June 30, 2017.
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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