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Stock impact report

MVC Capital Provides Update on Repurchase Program

MVC CAPITAL (MVC) 
US:NYSE Investor Relations: mvccapital.com/inv_index.cfm
Company Research Source: GlobeNewswire
Open Market Repurchases Expected to Total Between $7 Million to $8 Million by December 31, 2018 Board Extends Current Stock Buyback Program PURCHASE, N.Y., Nov. 28, 2018 (GLOBE NEWSWIRE) -- MVC Capital, Inc. (NYSE:MVC) (the Company), a publicly traded business development company (BDC) that makes private debt and equity investments, provided an update to its previously announced program to repurchase $10 million of its common stock by December 31, 2018. Since the program was announced on September 18, 2018 through November 27, 2018, MVC Capital has repurchased approximately 698,000 shares at an average price of $9.41 per share, totaling approximately $6.6 million, including commissions and fees. Subject to the Rule 10b-18 limitations (and assuming no large blocks of shares become available as permitted by the Rule), the Company expects to be able to repurchase a total of $7 million to $8 million of its shares by December 31, 2018. Accordingly, to allow for completion of the progr Show less Read more
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