Wynnefield Capital Nominates Two Highly Qualified Directors 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 21, 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") today announced the nomination of two highly-qualified, independent candidates for election to MVC's nine member Board of Directors at the Company's 2020 Annual Meeting of Shareholders ("Annual Meeting").Wynnefield was compelled to make these nominations due to four primary reasons: 1. MVC's demonstrated inability to create sustained shareholder value, as evidenced by continuous underperformance versus prevailing indices, steep discounts to NAV and lackluster dividends compared to peers. Since November 2003, MVC's total shareholder returns, including dividends, have underperformed the S&P 500 Index by a staggering 154.69% (205.89% over the past ten years, 29.50% over the past five years, 8.72 over the past three years and
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