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MVC - MVC STOCK NEWS

Welcome to our dedicated page for MVC news (Ticker: MVC), a resource for investors and traders seeking the latest updates and insights on MVC stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MVC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MVC's position in the market.

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MVC Capital (NYSE: MVC) announced the successful sale of Folio Financial, Inc. to Goldman Sachs, marking the completion of its exit from equity investments related to the original meVC Draper Fisher Jurvetson Fund. Chairman Michael Tokarz stated that MVC has shifted its focus to a primarily yield-oriented investment strategy while demonstrating patience in maximizing value from its equity holdings. The company aims to continue its commitment to providing capital for growth, acquisitions, and recapitalizations across various industries.

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MVC Capital, Inc. (NYSE: MVC) reported its fiscal Q3 2020 financial results, revealing a decline in interest income to $5.6 million from $7.2 million year-over-year and total operating income decreasing to $5.8 million from $7.5 million.

Net operating income fell to $0.9 million, down from $2.8 million. As of July 31, 2020, net assets stood at $180.5 million or $10.18 per share. The company declared a quarterly dividend of $0.17 per share and announced a merger with Barings BDC, Inc., expected to close in Q4 2020.

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MVC Capital, Inc. (NYSE: MVC) declared a quarterly dividend of $0.17 per share, payable on July 31, 2020, to shareholders of record by July 24, 2020. This marks the sixty-first consecutive quarterly dividend since the initiation of its dividend policy in July 2005, totaling approximately $8.42 in cumulative dividends per share. The company emphasizes that future dividends may vary based on the Board's decision and company performance, with no assurance of matching historical payouts.

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MVC Capital, Inc. (NYSE: MVC) announced its Annual Meeting of Stockholders will be held virtually on July 15, 2020, at 11:00 a.m. EDT, due to COVID-19 safety concerns. Stockholders who held shares as of May 26, 2020, can attend via a dedicated link, using a 16-digit control number found on their proxy cards. Additionally, stockholders may submit questions in advance for an informal session post-meeting. For detailed participation instructions, stockholders are encouraged to refer to the proxy materials filed with the SEC.

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MVC Capital reported its fiscal Q2 2020 results, showing interest income of $7.5 million and a total operating income of $7.7 million, down from $8.6 million in Q2 2019. Net operating income fell to $3.5 million, compared to $4.2 million the previous year. As of April 30, 2020, net assets decreased to $186 million, or $10.49 per share, largely due to unrealized losses from COVID-19. The company declared a quarterly dividend of $0.17 per share and announced follow-on investments totaling $3.1 million in four portfolio companies.

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MVC Capital (NYSE: MVC) announced a new agreement with Wynnefield Capital for the upcoming 2020 Annual Meeting scheduled for July 15, 2020. The Board will nominate six current directors for reelection and three new independent candidates proposed by Wynnefield. The new nominees are Ron Avni, John Chapman, and Arthur Lipson. MVC's Board will maintain its size at nine members, while exploring strategic alternatives to enhance shareholder value. Wynnefield holds approximately 8.5% of MVC's shares and expressed confidence in the new board members’ potential contributions.

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MVC Capital (NYSE: MVC) announces its 2020 Annual Meeting of Stockholders will take place on July 15, 2020. The record date for eligible stockholders is May 26, 2020, with materials to be sent around June 10, 2020. The meeting is planned to be held in-person at the offices of Kramer Levin Naftalis & Frankel LLP in New York City. Due to COVID-19, MVC will evaluate the situation and may shift to remote communication if necessary. Updates will be available on the Investor Relations website ahead of the meeting.

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