Sep. 11, 2014, 10:37 AM
- FQ3 interest income of $3.2M, dividend income of $811K, and fee and other income of $1M vs. $2.6M, $3M, and $1.6M, respectively one year ago. The big drop in dividend income comes as U.S. Gas & Electric did not make a payout in FQ3.
- Net decrease in net assets resulting from operations of $0.35 per share compared to a gain of $0.79 one year ago. Net asset value per share of $15.86 falls from $16.42 at end of FQ2 and $17.36 one year ago.
- "The uncertain economic environment in Europe, particularly for consumers, continued to weigh on our portfolio during the quarter," says Chairman & Portfolio Manager Michael Tokarz. "We continue to believe that the long-term fundamentals of our portfolio companies remain bright and we are excited about the optionality that the Equus transaction provides."
- Previously: MVC Capital reports FQ3 operating income
- MVC -2%
MVC Capital, Inc., a business development company, invests in small & middle-market companies primarily located in the US. The fund targets companies with secure market positions, strong management teams, growth potential, sustainable competitive advantage and stable free cash flows, revenues of... More
Industry: Diversified Investments
Country: United States
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