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Medley Management, Inc.
Ticker Symbol: MDLY* CUSIP: 58503T205 Previous CUSIP: 58503T106 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/26/2021
Company's Online Profile
BUSINESS: Medley Management, Inc. is the parent company of Medley LLC and several registered investment advisors (collectively, Medley). Medley is a credit-focused asset management firm offering yield solutions to retail and institutional investors. Medley’s national direct origination franchise, with over 80 people, is a premier provider of capital to the middle market in the U.S. Medley has assets under management in two business development companies, Medley Capital Corp. (NYSE: MCC) and Sierra Income Corp., as well as private investment vehicles.
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Notes: The New York Stock Exchange (“NYSE,” the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the issuers listed below (“Issuers”) from the Exchange. Trading in the Issuers’ securities was suspended on July 7, 2021. NYSE Regulation reached its decision that the Issuers are no longer suitable for listing pursuant to Listed Company Manual Section 802.01D in light of the uncertainty as to the ultimate effect of the LLC’s bankruptcy reorganization process on the value of the securities of both MDLY and the LLC. The LLC had filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware on March 7, 2021. Pursuant to the Chapter 11 plan of reorganization and wind-down that was filed on July 6, 2021, MDLY will receive no recovery on its majority ownership interest in the LLC and it is also unclear what, if any, recovery will apply to the LLC securities. NYSE Regulation also noted the provision of Section 802.01D that applies when an issuer has sold or otherwise disposed of its principal operating assets or has ceased to be an operating company or has discontinued a substantial portion of its operations or business. Oct. 22, 2020 -- Medley Management Inc. (NYSE: MDLY) ("MDLY" or the "Company") announced today that, following the authorization granted by the stockholders at the Company's 2020 Annual Meeting of Stockholders held on October 22, 2020 (the "Annual Meeting"), the Company's board of directors (the "Board") today determined that it is in the best interests of the Company and its stockholders to effect a reverse stock split of its Class A common stock, par value $0.01 per share (the "Class A Common Stock"), at a ratio of 1-for-10 (the "Reverse Stock Split"). on Friday, October 30, 2020. The Class A Common Stock will begin trading on a split-adjusted basis on the New York Stock Exchange (the "NYSE") at the market open on Monday, November 2, 2020. The Class A Common Stock will have a new CUSIP number, 58503T205, although the trading symbol for the Class A Common Stock will remain "MDLY".
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IPO - 9/23/2014 - 6.00 Million Shares @ $18.00/share.
Link to IPO Prospectus
Micro Cap Stock -
Market Value $29.2 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 280 Park Avenue, 6th Floor East, New York, NY 10017 |
| Main Phone Number |
212-759-0777 |
| Fax Number |
Not Available |
| Investor Relations
Sam Anderson
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212-759-0777
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| CEO - Brook Taube |
CEO - Seth Taube |
CFO - Richard Allorto |
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