Oct 21, 2020 --The Company is electing to exercise its option to redeem, in whole, the 6.500% Notes due 2021 (the “Notes”). The Company will redeem $74,012,825 in aggregate principal amount of the issued and outstanding Notes on November 20, 2020 (the “Redemption Date”). The redemption price for the Notes equals $25 in principal amount per Note being redeemed, plus the accrued and unpaid interest thereon from October 31, 2020, through, but excluding, the Redemption Date (the “Redemption Payment”). The aggregate accrued interest on the Notes being redeemed that is payable on the Redemption Date will be approximately $267,268.53 (or approximately $10,690.74 on each $25 principal amount of such Notes).

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Medley Capital Corp., 6.50% Notes due 2021, issued in $25 denominations, redeemable at the issuer's option on or after 1/30/2019 at $25 per note plus accrued and unpaid interest, and maturing 1/30/2021. Interest distributions of 6.50% per annum ($1.625 per annum or $0.40625 per quarter) will be paid quarterly on 1/30, 4/30, 7/30 & 10/30 to holders of record on the record date that will be 1/15, 4/15, 7/15 & 10/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). If a Change of Control Repurchase Event occurs prior to maturity, holders will have the right, at their option, to require the issuer to repurchase for cash some or all of the Notes at a repurchase price equal to 100% of the principal amount of the Notes being repurchased, plus accrued and unpaid interest (see prospectus for further information). 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. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated 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.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	6.50% $1.63	$25.00 $25.00	Called for 11/20/2020 1/30/2021	NF NF 6/01/2020	1/30, 4/30, 7/30 & 10/30 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     http://www.medleycapitalcorp.com/
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Company's Online SEC EDGAR Filings

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Company's Email Address Links

Email Address	sam.anderson@mdly.com
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Address and Phone Numbers

Address:   280 Park Avenue, Suite 3304, New York, NY 10152
Main Phone Number	212-759-0777
Fax Number	Not Available
Investor Relations   Sam Anderson	212-759-0777

CEO - Brook Taube

CFO - Richard T. Allorto