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BDC News Of The Day Round-Up: June 16, 2017

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BDC News of the Day has already covered TICC Capital’s exemptive relief , and BDC Reporter has brought news of a new BDC with the ticker CGBD, via Lev Fin Insights.  There are a number of miscellaneous other items which we’ll briefly note but don’t have much to say about:


Medley Capital (MCC) insider buys continue. For the latest explanatory update, see this.

We continue to be the only publication bringing readers insights and updates into this unusual transaction which has a special purpose vehicle controlled by Seth and Brooke Taube, but funded by Medley Management and Fortess Capital introduced investors, owning over 6.3mn shares of MCC’s stock. Many more purchases are coming up.

MVC Capital: A Director, who also appears to manage investor funds, reported sales of  29,000 shares in recent days in the BDC, whose stock price is up following the sale of one of its subsidiaries.

We note the stock price has been trending down, reaching $9.72 currently after peaking at $9.90 at June 9th. Now an insider is selling…

Fidus Capital (FDUS): Reported the results of its annual Shareholders Meeting.

Not surprisingly, both the two Directors put up for election and the (unlikely to be used) permission to issue stock below Net Assert Value were approved.

Medallion Financial’s  (MFIN) stock price is dropping for a second day.

MFIN’s drop is occurring notwithstanding insider purchases and no news we’ve been able to identify.

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