Key Developments: MVC Capital Inc (MVC)

MVC on New York Consolidated

9.69USD
27 Apr 2015
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$-0.05 (-0.51%)
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Latest Key Developments (Source: Significant Developments)

MVC Capital Inc declares dividend
Friday, 17 Apr 2015 08:45am EDT 

MVC Capital Inc:Has declared dividend of $0.135 per share.Dividend is payable on April 30 to shareholders of record on April 27.  Full Article

MVC Capital Inc makes $40 million investment in debt instruments
Thursday, 8 Jan 2015 05:05pm EST 

MVC Capital Inc:Makes private debt and equity investments, announced that it has invested about $40 mln in four collateralized senior subordinated loans with a weighted average interest rate of 15.1 pct.Four loans were originated by MVC's experienced mezzanine finance team through its relationships with financial institutions.These new loans were restructured in partnership with the senior lender and the four companies in order to keep the companies' total leverage the same and allow MVC to participate within the existing collateral structure.Borrowers operate in various sectors, including the transportation, health care, and software industries.MVC financed the transaction through available cash and borrowings from the new Firstrust Bank credit facility.  Full Article

MVC Capital Inc declares first quarter dividend
Friday, 19 Dec 2014 09:00am EST 

MVC Capital Inc:Declares a dividend of $0.135 per share.Payable on Jan. 07, 2015 to shareholders of record on Dec. 31.  Full Article

MVC Capital Inc declares fourth quarter dividend of $0.135 per share
Friday, 17 Oct 2014 09:00am EDT 

MVC Capital Inc:Declares quarterly dividend of $0.135 per share.Payable on Oct. 31, to shareholders of record on Oct. 27.  Full Article

MVC Capital Inc announces sale of Octagon Credit Investors
Monday, 11 Aug 2014 08:45am EDT 

MVC Capital Inc:Says it has sold its interest in Octagon Credit Investors, LLC (Octagon), a New York-based asset management company that manages leveraged loans and high yield bonds. MVC sold its equity interest to Octagon as part of a put option negotiated in 2008.Says MVC sold its equity interest to Octagon as part of a put option negotiated in 2008.Says as result of the sale, MVC generated an 8.9X return on equity capital and an IRR of 39 pct , including fees and cash distributions received from Octagon.  Full Article

MVC Capital Inc declares third quarter dividend of $0.135 per share
Tuesday, 15 Jul 2014 09:16am EDT 

MVC Capital Inc:Declares a dividend of $0.135 per share.Payable on July 31 to shareholders of record on July 25.  Full Article

MVC Capital Inc and Equus complete share exchange
Thursday, 15 May 2014 08:02am EDT 

MVC Capital Inc:Signing share exchange agreement with Equus Total Return Inc.Under terms of reorganization, Equus will pursue merger or consolidation with MVC, subsidiary of MVC, or one or more of MVC's portfolio companies.Absent Equus merging or consolidating with/into MVC itself, current intention is for Equus to be restructured into publicly-traded operating co focused on the energy and/or financial services sectors and seek to terminate its election as a business development co.Pursuant to share exchange agreement, MVC has received 2,112,000 shares of Equus in exchange for 395,839 shares of MVC.As part of reorganization, MVC may acquire additional Equus shares from time to time, either through Equus' direct sale of newly issued shares to MVC or through the purchase of Equus shares by MVC.Consummation of reorganization is anticipated to occur within one year, and Equus currently intends to maintain common stock listed on NYSE after that point unless Equus is merged with MVC.  Full Article

MVC Capital declares second quarter dividend
Monday, 14 Apr 2014 08:45am EDT 

MVC Capital Inc:Declares dividend of $0.135 per share for the second quarter of fiscal 2014.Dividend is payable on April 30 to shareholders of record on April 24.  Full Article

MVC Capital Inc declares first quarter dividend
Friday, 20 Dec 2013 09:01am EST 

MVC Capital Inc:Declares a dividend of $0.135 per share to be distributed to shareholders for the first quarter of fiscal 2014.Says dividend is payable on Jan. 7, 2014 to shareholders of record on Dec. 31.  Full Article

MVC Capital Inc Declares Fourth Quarter Dividend
Monday, 14 Oct 2013 09:00am EDT 

MVC CAPITAL, Inc announced that its Board of Directors has declared a dividend of $0.135 per share to be distributed to shareholders for the fourth quarter of fiscal 2013. The dividend is payable on October 31, 2013 to shareholders of record on October 24, 2013.  Full Article

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