MVC Capital, Inc ("MVC") is a business development company traded on the New York Stock Exchange, under the listing symbol MVC and is advised by The Tokarz Group Advisers LLC ("TTG Advisers").
MVC provides long-term equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies in a variety of industries primarily located in the U.S. MVC's investments can take the form of common and preferred stock (control and non-control investments) and warrants or rights to acquire equity interests; senior and subordinated loans; or convertible securities. MVC serves as the lead investor for transactions, as well as a co-investor in companies along with other private equity sponsors.
Effective November 1, 2006 MVC Capital is being managed by The Tokarz Group Advisers LLC ("TTG Advisers"). TTG Advisers is a regulated investment advisor who is registered with the SEC.
In accordance with the authorized, expanded share repurchase program, during November 2013, MVC Capital did not repurchase shares. The total repurchases during fiscal 2013 have been approximately $16.7 million or 1,299,294 shares at an average price of $12.79, before commissions. These fiscal 2013 repurchases, in the aggregate and without taking into account any other activity, have increased NAV per share by an estimated $.21 since our reported NAV per share on January 31, 2013 of $16.29. The share repurchases for December 2013, will be reported in early January 2014. More detailed results of the share repurchase program will be reported quarterly in the Company’s Form 10-Q filing.
As of July 31, 2013, MVC's net asset value was $392,752,082 or $17.36 per share
On October 14, 2013, MVC declared a $0.135 cent per share dividend for the fourth quarter of fiscal 2013. Through the October dividend, the Fund has distributed approximately $98 million to shareholders.
On July 24, 2013, MVC received another quarterly distribution from U.S. Gas & Electric, Inc. of approximately $2.9M, an increase of 25% over the prior quarterly distributions. To view the press release issued by USG&E, please click here
On July 18, 2013, Michael Tokarz, Chairman and Portfolio Manager of MVC Capital issued a letter to shareholders. Please click here to review this letter
On April 17, 2013 U.S. Gas & Electric, Inc. provided MVC Capital with another quarterly dividend of approximately $2.4 million.
On April 2, 2013, MVC announced the receipt of $66 million in gross proceeds from the sale of Summit Research Labs, Inc. Click here to read the news release.
MVC filed its 10K for fiscal 2012 on December 27, 2012. MVC's complete audited financial statements are available to shareholders, upon request, free of charge, by calling (914) 510-9400 or emailing Investor Relations at IR@mvccapital.com
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