Email us with questions or comments: nmarshi.bdcreporter@gmail.com           α

Medley Capital: Merger Vote Postponed – BRIEF

BDCs:
Premium Free

March 8, 2019 was supposed to be the day the three Medley entities, including publicly traded BDC Medley Capital (MCC) voted FOR or AGAINST the merger proposal. However, at the last minute – as we mentioned last night on the BDC Reporter’s Twitter Feed – the vote was postponed for another week – to March 15, 2019. In the briefest of explanations, MCC – in a press release which is attached – said the following: “The companies continue to work on the regulatory approval required to hold the vote”. We expect that NexPoint Capital, which is seeking to supplant Medley Management as the Investment Advisor of both MCC and Sierra Income, and the various dissident MCC institutional shareholders who’ve vocally opposed the merger, will have commentary about the last minute postponement in the days ahead. The BDC Reporter will keep our readers apprised of any notable developments.

Already a Member? Log In

Register for the BDC Reporter

The BDC Reporter has been writing about the changing Business Development Company landscape for a decade. We’ve become the leading publication on the BDC industry, with several thousand readers every month. We offer a broad range of free articles like this one, brought to you by an industry veteran and professional investor with 30 years of leveraged finance experience. All you have to do is register, so we can learn a little more about you and your interests. Registration will take only a few seconds.

Sign Up