MVC Capital (MVC) Reports Max $15M Share Buyback

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Go back to MVC Capital (MVC) Reports Max $15M Share Buyback

MVC Announces Stock Buyback of Up to $15 Million

September 18, 2018 6:55 AM EDT

PURCHASE, N.Y., Sept. 18, 2018 (GLOBE NEWSWIRE) -- MVC Capital, Inc. (NYSE: MVC) ("MVC"), a publicly traded business development company that makes private debt and equity investments announced that, after discussions with various large shareholders and taking into account Managements recommendations, the Board has approved the Companys implementation of a $10 million stock repurchase program.  The program, which is to be completed by the end of the 2018 calendar year, will consist of an issuer tender offer and/or open market repurchases.  The offer price of any tender offer would be determined... More