As expected, Barings BDC does not intend to hold onto MVC Capital’s only Baby Bond (MVCD) once MVC Capital has been acquired. We learn what Barings has in mind for MVCD, which includes a little surprise.
MVC Capital reports its likely penultimate quarterly results as an independent BDC and has little to report with the merger into Barings BDC pending.
In a surprise development Barings BDC is acquiring MVC Capital. Here’s the BDC Reporter’s First Look, with a full review to follow a planned conference call.
A major portfolio company of MVC Capital is likely to be sold, resulting in a significant payday for the BDC. We share details published by the BDC Credit Reporter.
MVC Capital reports fiscal fourth quarter and full year results through October 2019. We review the earnings press release, investor presentation and 10-K to summarize the latest performance.
MVC Capital surprises the BDC Reporter and increases its regular distribution before we expected. We review the details and discuss the pay-out increase in the context of MVC’s stock price and Baby Bond borrowings.
The BDC Reporter rates MVC Capital’s credit trend and outlook following our review of the just published 10-Q.
MVC Capital has reported quarterly results ended January 2019. The BDC Reporter points out and dissects the most important items in the 10-Q and offers our ratings for the BDC’s debt and equity.
MVC Capital begins a pre-announced automatic share buy-back program. However, two shareholders will be missing: an MVC Director and the BDC Reporter. We explain the whys and wherefores.
In one of the BDC Reporter’s periodic articles for all readers, we review the latest Proxy from MVC Capital and discuss the state of corporate governance prior to an October shareholder vote on two items.
MVC Capital and a major shareholder have agreed on buybacks and a new Board member. Will that be enough to push the stock price up to book ?
An MVC insider buys shares. The stock price increases. We discuss what’s going on at MVC Capital and what might be coming up.
MVC Capital sells a portfolio company. The debate continues as to whether the BDC can close the gap between its book value and stock price.
Multiple reasons why we purchased under-performing MVC Capital as part of our Special Situation strategy.
MVC Capital has to contend with a new “activist” only a few months after fending off another disgruntled major shareholder. Will this time be different ?
MVC Capital launches its second stock buy-back of the year. Will this be enough to boost the stock price towards book value and satisfy its disgruntled “activist” shareholder ?
Another salvo in the battle between MVC Capital’s Investment Advisor and its dissident shareholder. Will this make a difference ?
MVC Capital responds to an activist shareholder with proposals of its own.
A dissident shareholder at MVC Capital makes its case about how the BDC should be run.
MVC Capital stares down an activist shareholder.
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