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 April 2013, MVC Capital repurchased a total of 390,289 shares at an average price of $12.77. The total repurchases during fiscal 2013 have been 447,640 shares at an average price of $12.76, 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 $.07 since our last reported NAV per share on January 31, 2013 of $16.29. The share repurchases for May 2013, will be reported in early June 2013. More detailed results of the share repurchase program will be reported quarterly in the Company’s Form 10-Q filing.
On April 17, 2013 U.S. Gas & Electric, Inc. provided MVC Capital with another quarterly dividend of approximately $2.4 million.
On April 8, 2013, MVC filed an 8-K with the voting results from its 2013 annual meeting. To view the 8-K, please click here.
On April 3, 2013, MVC announced that its Board of Directors authorized an expanded share repurchase program with no limit. Click here to read the news release.
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.
On March 7, 2013, MVC filed its 10-Q for the first quarter of fiscal 2013. To view the 10-Q in its entirety, please click here.
On February 19, 2013, MVC priced its unsecured public notes. Click here to read the news release.
As of January 31, 2013, MVC's net asset value was $389,663,578 or $16.29 per share
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
On December 17, 2012, MVC declared a 13.5 cent per share dividend for the first quarter of fiscal 2013. Through the January dividend, the Fund has distributed over $88 million to shareholders.
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