MVC Capital Declares Fourth Quarter 2019 Dividend
October 15 2019 - 5:55AM
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 a regular
dividend of $0.17 per share, a 13% increase over the prior
quarter, primarily as a result of increased net operating
income from its investment portfolio. The dividend is payable
on October 31, 2019 to shareholders of record on October 25,
2019. The distribution represents the fifty-eighth consecutive
quarterly dividend paid by the Company since implementing a
dividend policy in July of 2005. The increased dividend level
represents a yield of over 7% on the closing market price of MVC
stock as of October 11, 2019. The cumulative cash
dividends declared under current management total
approximately $7.91 per share.
Outlined below is the quarterly dividend history
since the beginning of fiscal 2007, reflecting consistent and
growing cash dividends to shareholders over time, including the
dividend to be paid on October 31, 2019 of $.17 per share.
A chart accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0c1f7381-ed8b-42ee-88da-a3b8fe171534
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 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
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