Medley Capital Corporation (MCC) News

Medley Capital Corporation (MCC): $28.31

0.39 (+1.40%)

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Latest MCC News From Around the Web

Below are the latest news stories about Medley Capital Corp that investors may wish to consider to help them evaluate MCC as an investment opportunity.

Medley Capital transfers listing from NYSE to NASDAQ

Medley Capital Corporation (MCC) has been authorized to transfer the listing of its shares of common stock, par value $0.01 per share and its 6.125% Notes due 2023 from the New York Stock Exchange to NASDAQ.The company is also changing its name to PhenixFIN Corporation and expects to begin trading...

Seeking Alpha | December 22, 2020

Medley Capital (MCC) Incurs Wider-Than-Expected Loss in Q4

While lower total investment income hurts Medley Capital's (MCC) fiscal Q4 earnings, decrease in expenses offers some support.

Yahoo | December 14, 2020

Medley Capital net investment loss shrinks, NAV rises in fiscal Q4

Medley Capital Corp. (MCC) fiscal Q4 net investment loss per share of 32 cents improved from net investment loss of $3.01 per share in the year-ago quarter.MCC rises 0.6% in after-hours trading.Net asset value per share of $55.30 at Sept. 30, 2020 increased from $54.83 at June 30, 2020.Total investment income for...

Seeking Alpha | December 11, 2020

Medley Capital EPS misses by $0.14, beats on revenue

Medley Capital (MCC): FQ4 NII of -$0.32 misses by $0.14.Total investment income of $4.42M (-45.6% Y/Y) beats by $0.12M.Press Release...

Seeking Alpha | December 11, 2020

Medley Capital Corporation Announces September 30, 2020 Financial Results - Stocks News Feed

NEW YORK, Dec. 11, 2020 (GLOBE NEWSWIRE) — Medley Capital Corporation (NYSE: MCC) (the “Company”) today announced financial results for the quarter ended September 30, 2020. Fourth Quarter Summary Net asset value of $150.6 million, or, $55.30 per share, vs. $149.3 million, or, $54.83 per share, at June 30, 2020 Net income of $0.47 per… Read More »Medley Capital Corporation Announces September 30, 2020 Financial Results

Stocks News Feed | December 11, 2020

Medley Capital Corporation Board Approves Internalization

New Internalized Management Team to be Installed Effective January 1, 2021NEW YORK, Nov. 20, 2020 (GLOBE NEWSWIRE) -- On November 18, 2020, the Board of Directors (the “Board”) of Medley Capital Corporation (NYSE: MCC) (the “Company”) approved adoption of an internalized management structure effective January 1, 2021.   The new management structure will replace the current Investment Management and Administration Agreements with MCC Advisors LLC, which expire on December 31, 2020. To lead the internalized management team, the Board approved the appointment of David Lorber, who has served as an independent director of the Company since April 2019, as interim Chief Executive Officer and Ellida McMillan as Chief Financial Officer of the Company, each effective January 1, 2021.Mr. Lorber a...

Yahoo | November 20, 2020

Medley Management Inc. Reports Third Quarter 2020 Results

Medley Management Inc. (NYSE: MDLY) ("MDLY" or the "Company") today reported its financial results for its third quarter ended September 30, 2020. All share and per share results reflect the 1-for-10 reverse stock split which was effective on October 30, 2020.

Yahoo | November 16, 2020

Sierra Income Corporation Announces Reinstatement of Monthly Distribution

Sierra Income Corporation ("Sierra" or the "Company") today announced that its Board of Directors has determined to reinstate the monthly distributions on the shares of the Company's common stock. The Board of Directors declared a series of monthly distributions for October, November and December 2020 of $0.01 per share.

Yahoo | October 23, 2020

Medley Management Inc. Announces One-for-Ten Reverse Stock Split; Class A Common Stock to Begin Trading on a Split-Adjusted Basis at Market Open on November 2, 2020

Medley Management Inc. (NYSE: MDLY) ("MDLY" or the "Company") announced today that, following the authorization granted by the stockholders at the Company's 2020 Annual Meeting of Stockholders held on October 22, 2020 (the "Annual Meeting"), the Company's board of directors (the "Board") today determined that it is in the best interests of the Company and its stockholders to effect a reverse stock split of its Class A common stock, par value $0.01 per share (the "Class A Common Stock"), at a ratio of 1-for-10 (the "Reverse Stock Split"). Accordingly, on October 22, 2020, the Company filed a Certificate of Amendment (the "Certificate of Amendment") to the Company's Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the Reverse...

Yahoo | October 22, 2020

Medley Capital Corporation Announces Redemption of 6.500% Notes due 2021

NEW YORK, Oct. 21, 2020 (GLOBE NEWSWIRE) -- Medley Capital Corporation (NYSE: MCC) (the “Company” or “MCC”) announced today that, it has caused notices to be issued to the holders of its 6.500% Notes due 2021 (NYSE: MCX) (the “Notes”) regarding the Company’s exercise of its option to redeem, in whole, the issued and outstanding Notes, pursuant to Section 1104 of the Indenture date as of February 7, 2012, between the Company and U.S. Bank National Association, as trustee, and Section 101(h) of the Third Supplemental Indenture dated as of December 17, 2015. The Company will redeem $74,012,825 in aggregate principal amount of the issued and outstanding Notes on November 20, 2020 (the “Redemption Date”). The Notes will be redeemed at 100% of their principal amount ($25 per Note), plus accru...

Yahoo | October 21, 2020

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