- Q4 net income of $2.1M or $0.05 per share. 7.8M shares repurchased during quarter for average price of $3.74 each, includes 4.9M shares purchased on Dec. 10 in the "Dutch Auction" for $3.75 each.
- Company continues to look for a buyer, or some other strategic alternative.
- No conference call has been scheduled.
- Outlook: "We continue to believe that current market conditions in our primary lending markets are consistent with a peak of a credit cycle... Our primary asset is unencumbered cash and we do not have sufficient net earning assets to generate positive net operating income at this time."
- Previously: MCG Capital beats by $0.05, beats on revenue (March 2)
- MCGC flat on the session at $3.90.