Medley Capital Corporation Announces Tax Character of Quarterly Dividend to non-U.S. Stockholders
February 16 2018 - 4:26PM
NEW YORK, NY (February 16, 2018) -
Medley Capital Corporation (NYSE:MCC)(TASE:MCC)(the "Company")
today announced certain information relating to the tax character
of its quarterly distribution of $0.16 per share payable on March
23, 2018. The Company has identified 100%, or $0.16 per
share, of this distribution to be non-qualified ordinary taxable
income. In accordance with the requirements of the Tel Aviv Stock
Exchange, this information will be provided on a quarterly basis
going forward. The Company will continue to provide information
relating to the tax character of its calendar year distributions on
an annual basis.
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) and the Tel
Aviv Stock Exchange (TASE: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. Medley has over $5
billion of assets under management in two business development
companies, Medley Capital Corporation (NYSE:MCC)(TASE: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 400
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
New York Stock Exchange under the symbols (NYSE:MDLX) and
(NYSE:MDLQ). Medley Capital Corporation is dual-listed on the New
York Stock Exchange (NYSE:MCC) and the Tel Aviv Stock Exchange
(TASE: MCC) and has outstanding bonds which trade on both the New
York Stock Exchange under the symbols (NYSE:MCV), (NYSE:MCX) and
the Tel Aviv Stock Exchange under the symbol (TASE: MCC.B1).
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 Strategy
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 September 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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