Wynnefield Capital Nominates Third Highly Qualified Candidate For Election To MVC Capital Board
MVC CAPITAL (MVC)
US:NYSE Investor Relations:
mvccapital.com/inv_index.cfm
Company Research
Source: PR Newswire
NEW YORK, April 27, 2020 /PRNewswire/ -- Wynnefield Capital, Inc. (together with its affiliates, "Wynnefield" or Wynnefield Capital), beneficial owners of approximately 8.5% of the outstanding common stock of MVC Capital Inc. (NYSE: MVC) ("MVC" or the "Company") and the Company's second largest shareholder, today announced the nomination of Arthur Lipson, a highly-qualified, independent candidate for election to MVC's nine member Board of Directors at the Company's 2020 Annual Meeting of Shareholders ("Annual Meeting"). The nomination of Mr. Lipson, is in addition to Wynnefield's prior nominations of John D. Chapman and Ron Avni to the Company's Board. Nelson Obus, President of Wynnefield Capital, said, "We are pleased that Arthur Lipson, along with John Chapman and Ron Avni, will stand for election to MVC's Board at its upcoming annual meeting of shareholders. Each of these individuals are highly experienced and qualified to serve the best interests of MVC's shareholders."Mr. Obus
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