MVC Capital Declares Third Quarter 2020 Dividend

Rhea-AI Summary

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.

Positive

• Quarterly dividend of $0.17 per share announced.
• Sixty-first consecutive quarterly dividend signifies stable cash flow.
• Cumulative dividends total approximately $8.42 per share, demonstrating strong shareholder return.

Negative

• Future dividends are uncertain and dependent on Board's decision.
• No guarantee future dividends will match or exceed historic payouts.

PURCHASE, N.Y., July 14, 2020 (GLOBE NEWSWIRE) -- MVC Capital, Inc. (NYSE:MVC), a publicly traded business development company that makes private debt and equity investments, announced today that its board of directors declared the third quarter dividend of $0.17 per share. The dividend is payable on July 31, 2020 to shareholders of record on July 24, 2020. The distribution represents the sixty-first consecutive quarterly dividend paid by the Company since implementing a dividend policy in July of 2005. The cumulative dividends issued under current management total approximately $8.42 per share.  

MVC-G

About MVC Capital, Inc.

MVC Capital is a Business Development Company traded on the New York Stock Exchange that provides long-term debt and equity investment capital to fund acquisitions, growth and recapitalizations of companies in a variety of industries. For MVC's investor relations, please call Jackie Rothchild at 914-510-9400 or Jeffrey Goldberger at 212-896-1249.

Forward-Looking Statements

The amount, form, conditions and specific timing of any future dividends is subject to the final determination of the Board of Directors and depends upon the actual results of the Company and applicable provisions of law. At this time, the Fund is unable to make a conclusive determination as to the characteristics of the distributions discussed herein. All or a portion of the distribution may be characterized as ordinary income, capital gains, or a return of capital. In January, a Form 1099 DIV will be sent to shareholders that will state the aggregate amount and actual tax characterization of distributions for the preceding year. There can be no assurance that future MVC dividend payments will match or exceed historic ones, or that they will be made at all.

Contact:

Investor Relations

Jackie Rothchild

MVC Capital, Inc.

914-510-9400

FAQ

When is the next dividend payment for MVC?

The next dividend payment for MVC is on July 31, 2020.

What is the amount of MVC's declared dividend?

MVC has declared a dividend of $0.17 per share.

How many consecutive dividends has MVC paid?

MVC has paid sixty-one consecutive quarterly dividends.

What is the record date for MVC's upcoming dividend?

The record date for the upcoming dividend is July 24, 2020.

What total dividends has MVC issued under its current management?

Under current management, MVC has issued approximately $8.42 per share in cumulative dividends.