FrontFour Issues Open Letter to Medley Capital Shareholders
MEDLEY CAPITAL (MCC)
Last medley capital earnings: 2/10 04:25 pm
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US:NYSE Investor Relations:
medleycapitalcorp.com/phoenix.zhtml?c=236906&p=irol-irhome
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Source: PR Newswire
GREENWICH, Conn., Dec. 13, 2018 /PRNewswire/ -- FrontFour Capital Group LLC, a significant shareholder of Medley Capital Corporation ("Medley Capital") (NYSE:MCC), today issued an open letter to the Medley Capital shareholders regarding its serious concerns with the proposed combination of Medley Capital, Sierra Income Corporation and Medley Management Inc. The full text of the letter follows: December 13, 2018Dear Fellow Shareholders, FrontFour Capital Group LLC ("FrontFour") is a significant shareholder of Medley Capital Corporation ("MCC" or the "Company") with ownership of ~2 million shares or 3.7% of the outstanding shares. We are writing to express our strong opposition to the proposed combination of MCC, Sierra Income Corporation ("SIC") and Medley Management Inc. ("MDLY") that was announced on August 8, 2018. In our view, the transaction fails to maximize value for MCC shareholders and is a brazen attempt by MCC's external manager and the controlling shareholders of MDL
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