Medley Capital Corporation Declares Dividend of $0.10 Per Share and Schedules Earnings Release Date and Webcast for the Quart...
November 16 2018 - 4:09PM
NEW YORK, NY (November 16, 2018) - Medley Capital
Corporation (NYSE: MCC) (TASE: MCC)(the "Company") today announced
that its Board of Directors declared a dividend for the quarter
ended September 30, 2018 of $0.10 per share, payable on December
20, 2018 to stockholders of record as of December 5, 2018.
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 also announced that it will release
its financial results for the year ended September 30, 2018 on
Tuesday, December 4, 2018, before the financial markets open.
The Company will host an earnings conference call
and audio webcast at 10:00 a.m. (Eastern Time) on Tuesday, December
4, 2018.
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: 2771837 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) 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. 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 75 people, is a premier provider
of capital to the middle market in the U.S. Medley has over $4.8
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, 2018.
This
announcement is distributed by West Corporation on behalf of West
Corporation 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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