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Security Profile
- Security Type
- Business Development Company
- CUSIP
- 71742W103 (prev. 58503F106 )
- Market Cap
- Micro Cap
- IPO
- 1/21/2011 · $12.00/share
- Previous Symbol
- MCC (changed 1/4/2021)
- Previous Name
- Medley Capital Corp.
Fund Description: PhenixFIN Corp is a closed-end, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940 and intends to be taxed as a regulated investment company. PhenixFIN Corp objective is to generate current income and capital appreciation by lending directly to privately-held small and middle market companies to help these companies fund acquisitions, growth or refinancing. Its portfolio will generally consist of first lien senior secured loans, and, to a lesser extent, second lien secured loans. In many of its investments, they will get warrants or other equity participation features which is believed will increase the total investment returns. PhenixFIN Corp is externally managed by MCC Advisors whose experienced team of investment professionals maintains a broad network of relationships and has deep expertise in originating, structuring, executing and managing investments.
Notes: July 13, 2020 -- Medley Capital Corporation (NYSE: MCC) (TASE: MCC) (the “Company”) announced today that, following the Company’s 2020 Annual Meeting of Stockholders held on June 30, 2020 (the “Annual Meeting”), on July 7, 2020, the Company’s board of directors (the “Board”) determined that it is in the best interests of the Company and its stockholders to effect a reverse stock split of its common stock, par value $0.001 (the “Common Stock”), of 1-20 (the “Reverse Stock Split”) and reduce the number of authorized shares of Common stock by the reverse stock split ratio (the “Authorized Share Reduction”). Accordingly, on July 13, 2020, the Company filed a Certificate of Amendment (the “Certificate of Amendment”) to the Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the Reverse Stock Split and the Authorized Share Reduction, which will be effective at 5:00 p.m., Eastern Time, on July 24, 2020 (the “Effective Time”). <P> May 10, 2019 -- Medley Capital Corporation (NYSE: MCC) today announced financial results for its second fiscal quarter ended </P> March 31, 2019. Dividend Declaration. The board of directors did not declare a dividend this quarter.
Company Contact
- CEO
- David Lorber
- CFO
- Ellida McMillan
- Headquarters
- 445 Park Avenue, 9th Floor, New York, NY 10022
- Phone
- 212-859-0390
- Investor Relations
- Sam Anderson · 212-759-0777 · info@phenixfc.com