MVC Capital Monetizes Equity Investment in Folio Financial, Inc.
October 06 2020 - 5:50AM
MVC Capital, Inc. (NYSE: MVC) (“MVC Capital” or the “Company”), a
publicly traded business development company (BDC) that makes
private debt and equity investments, announced the closing of the
sale of Folio Financial, Inc. to Goldman Sachs.
“With the sale of Folio, MVC Capital has completed the final
chapter of exiting the equity investments from the original meVC
Draper Fisher Jurvetson Fund,” said Michael Tokarz, Chairman and
Portfolio Manager of MVC Capital. “Although we’ve transitioned to a
primarily yielding-focused investment platform, we exhibited the
patience necessary to extract value from our equity
investments.”
MVC-G
About MVC Capital, Inc.
MVC Capital (MVC) is a business development company traded on
the New York Stock Exchange that provides long-term debt and equity
investment capital to fund growth, acquisitions and
recapitalizations of companies in a variety of industries. For
additional information about MVC, please visit MVC's website at
www.mvccapital.com.
Safe Harbor Statement and Other Disclosures
These forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions. Certain
factors could cause actual results and conditions to differ
materially from those projected in these forward-looking
statements, including, among other things: MVC Capital's ability to
monetize equity investments; deliver value to shareholders and
execute its yield investment strategy; MVC Capital’s ability to
make additional debt or other yield-generating investments; and
changes in economic or financial market conditions and other
factors that are enumerated in the Company's periodic filings with
the Securities and Exchange Commission. MVC Capital disclaims and
does not undertake any obligation to update or revise any
forward-looking statement in this press release. Past performance
is no guarantee of future results.
Investor Contact
Jackie RothchildMVC Capital914.510.9400
Or
Jeffrey Goldberger / Allison SossKCSA Strategic
Communications212.896.1249 / 212.896.1267
MVC Capital (NYSE:MVC)
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