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Stock impact report

MVC Business Update Related to COVID-19

MVC CAPITAL (MVC) 
US:NYSE Investor Relations: mvccapital.com/inv_index.cfm
Company Research Source: GlobeNewswire
PURCHASE, N.Y., March 24, 2020 (GLOBE NEWSWIRE) -- Dear Fellow Shareholders, It is certainly an unprecedented time in the world that warrants providing our shareholders and bondholders with our business update in response to the continued spread of COVID-19.  Our Operations In order to ensure the safety of our Investment Adviser’s team and to help reduce the risks relating to spreading the Coronavirus, we implemented our contingency plans two weeks ago and are working under our business continuity procedures with our team working remotely.  We will continue to execute on our contingency plans throughout this period.  Liquidity and Capital Structure The Company has capital for investments from cash on hand and a line of credit, and through portfolio monetizations and loan repayments.  We expect the current market environment will cause delays and negatively impact valuations as potential acquirors await further information regarding the impact of COVID-19 on our portfolio comp Show less Read more
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