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Medley Capital Corp., 7.125% Senior Notes due 3/30/2019
Ticker Symbol: MCQ* CUSIP: 58503F205 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/22/2017
Security has been Called for: Wednesday, February 22, 2017
NOTIFICATION OF REDEMPTION OF SECURITIES PURSUANT TO RULE 23C-2 UNDER THE INVESTMENT COMPANY ACT OF 1940. Medley Capital Corporation. The undersigned here notifies the Securities and Exchange Commission that it intends to redeem securities of which it is the issuer, as set forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940, as amended. 7.125% Notes due 2019 (CUSIP: 58503F205). The Notes will be redeemed on February 22, 2017. The Notes are to be redeemed pursuant to (i) Article Eleven of the Company’s base indenture governing the Notes, dated as of February 7, 2012, between the Company and U.S. Bank National Association, as trustee, and (ii) Section 101(h) of the First Supplemental Indenture, dated as of March 21, 2012, between the Company and U.S. Bank National Association, as trustee. The Company will redeem all of the outstanding Notes ($40,000,000 aggregate principal amount) pursuant to the terms of the Base Indenture and the First Supplemental Indenture.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Medley Capital Corp., 7.125% Senior Notes due 2019, issued in $25 denominations, redeemable at the issuer's option on or after 3/30/2015 at $25 per share plus accrued and unpaid interest, and maturing 3/30/2019. Interest distributions of 7.125% ($1.78125) per annum are paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on the record date which will be 3/15, 6/15, 9/15 & 12/15 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are direct senior unsecured obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (PFX)
IPO - 3/14/2012 - 1.60 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $42.2 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: 375 Park Avenue, Suite 3304, New York, NY 10152 |
| Main Phone Number |
212-759-0777 |
| Fax Number |
Not Available |
| Investor Contact (CFO)
Richard T. Allorto
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212-759-0777
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| CEO - Brook Taube |
CFO - Richard T. Allorto |
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