Dissident shareholder FrontFour agrees a term sheet with Medley Capital and gets to appoint two directors to the Board. The BDC Reporter dissects the press release announcing this dramatic twist in the Medley story.
In a surprise move, Medley Capital is forced to wind-down its SBIC subsidiary. We discuss the background, where the process stands and the implications for the parties involved.
Medley Management reports IVQ 2018 results one third of the way into 2019. We review to gain insights into how the proposed merger with Medley Capital and Sierra Income might be affected.
Two more lawsuits come to light in the Medley merger battle that could drastically affect the outcome but which are not getting much in the way of attention except in the BDC Reporter.
Another zig in the zig zagging saga of the three way Medley merger. Days before the shareholder vote half the “independent” directors quit. We read the tea leaves as best we can.
Hold up ! The three company Medley merger is placed on pause again. This time the reason lies not with the U.S. government shut-down but with a Delaware judge.
The latest on the Medley Capital merger vote.
Institutional Shareholder Services seems to have turned its thumb down – for a second time – on the three way Medley company merger, according to a dissident shareholder. We annotate, analyze and throw out a couple of warnings you may not be expecting.
The BDC Reporter annotates Medley Capital’s fourth quarter 2018 earnings press release at a critical juncture and finds little joy in the numbers.
The Medley merger vote is back on but there’s much more to know about what’s been going on behind the scenes. One more brick…
Medley Capital and Sierra Income have rejected NexPoint Capital’s offer to serve as their Investment Advisor, along with several other proffered benefits. The sometime-in-March shareholder vote on the three way Medley merger now looms larger than ever.
The Medley Capital-Sierra Income-Medley Management merger vote has been postponed but not for the reason you might expect.
Hours after NexPoint offered to become Medley Capital and Sierra Income external manager comes a response…The plot thickens and the possible outcomes ever more complex and with major implications for managers and shareholders at three companies.
A last minute challenger arrives for Medley Capital and Sierra Income. We annotate the shocking offer made to shareholders a week before the vote on a three way merger is to be held.
Medley Capital’s activist punches back in another letter to shareholders. Who is right and who is wrong ? More importantly: who will win ? We answer both questions as best we can.
Medley Capital claims a thumbs up from a shareholder advisory group, which is a snub to one of the foremost opponents of a proposed three-way merger. Is this now a done deal and what happens to Medley’s stock price ?
A dissident Medley Capital shareholder shakes the tree again. We review the arguments and provide our own view and explain why this is likely to be much ado about nothing when shareholders get to the ballot box.
A dissident shareholder of Medley Capital steps up late in the day. We annotate their open letter to MCC shareholders with analysis and to the point commentary.
The BDC Reporter annotates the Medley Capital FY 2018 Conference Call transcript and discusses multiple items discussed and some of those omitted.
Medley Capital shuts down its Revolver. The BDC Reporter does not like how this looks before a key shareholder vote.
