p11-1364form8k.htm

0000902664-11-001151.txt : 20110719 0000902664-11-001151.hdr.sgml : 20110719 20110719090449 ACCESSION NUMBER: 0000902664-11-001151 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110714 ITEM INFORMATION: Other Events FILED AS OF DATE: 20110719 DATE AS OF CHANGE: 20110719 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MVC CAPITAL, INC. CENTRAL INDEX KEY: 0001099941 IRS NUMBER: 943346760 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 814-00201 FILM NUMBER: 11973951 BUSINESS ADDRESS: STREET 1: RIVERVIEW AT PURCHASE STREET 2: 287 BOWMAN AVENUE, 3RD FLOOR CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 914-701-0310 MAIL ADDRESS: STREET 1: RIVERVIEW AT PURCHASE STREET 2: 287 BOWMAN AVENUE, 3RD FLOOR CITY: PURCHASE STATE: NY ZIP: 10577 FORMER COMPANY: FORMER CONFORMED NAME: MEVC DRAPER FISHER JURVETSON FUND I INC DATE OF NAME CHANGE: 19991207 FORMER COMPANY: FORMER CONFORMED NAME: MEVC DRAPER FISHER JURVETSON FUND I INC DATE OF NAME CHANGE: 19991207 8-K 1 p11-1364form8k.htm MVC CAPITAL, INC. p11-1364form8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)

July 14, 2011

814-00201

(Commission File Number)

MVC CAPITAL, INC.

(the "Fund")

(Exact name of registrant as specified in its charter)

DELAWARE, 943346760

(Jurisdiction of Incorporation) (IRS Employer Identification Number)

287 Bowman Avenue

2nd Floor

Purchase, NY 10577

(Address of registrant's principal executive office)

914-701-0310

(Registrant's telephone number)

_______________________________________

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01. OTHER EVENTS.

On July 14, 2011, the Board of Directors of MVC Capital, Inc. (the “Fund”) approved a share repurchase program authorizing up to $5 million in share repurchases. The share repurchase program has no time limit. Under the share repurchase program, shares may be repurchased from time to time at prevailing market prices during the Fund’s open trading periods. The repurchase program does not obligate the Fund to acquire any specific number of shares and may be discontinued at any time. A copy of the press release announcing the share repurchase program is included as exhibit 99.1 of this report.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit 99.1. Press release dated July 19, 2011

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MVC CAPITAL, INC.

By:	/s/ Michael Tokarz
	Michael Tokarz
	Chairman

Dated: July 19, 2011

EX-99 2 p11-1364exhibit99.htm SHARE PURCHASE PROGRAM p11-1364exhibit99.htm

MVC Capital Announces an Additional Share Repurchase Program

PURCHASE, N.Y., July 19, 2011 -- MVC Capital, Inc. (NYSE: MVC), a publicly traded business development company that makes private debt and equity investments, today announced that its board of directors has approved another share repurchase program authorizing up to $5 million in additional share repurchases. This $5 million program is in addition to the $5 million program authorized in fiscal 2010 and completed during the Fund’s last fiscal quarter. The share repurchase program has no time limit.

As of the close of trading on July 18, 2011, the Fund's shares were trading at a 25% discount to its June 30, 2011 unaudited net asset value per share of $17.33. Under the share repurchase program, shares may be repurchased from time to time at prevailing market prices during the Fund's open trading periods. The repurchase program does not obligate the Fund to acquire any specific number of shares and may be discontinued at any time.

"The decision to expand the share repurchase program reflects our continued confidence in the strategic direction of the Fund," said Michael Tokarz, Chairman and Portfolio Manager of MVC Capital. "While we will continue to be selective with our investments, the Fund’s current financial flexibility has enabled an additional share buy-back program that we feel offers a compelling investment option for our shareholders.”

This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to sell shares of the Fund's common stock.

There is no assurance that the market price of the Fund's shares, either absolutely or relative to net asset value, will increase as a result of any share repurchases, or that the program will enhance shareholder value over the long-term.

MVC-G

About MVC Capital, Inc.

MVC Capital is a Business Development Company traded on the New York Stock Exchange that provides long-term debt and equity capital to fund growth, acquisitions and recapitalizations of companies in a variety of industries. For additional information about MVC Capital, please visit MVC's website at www.mvccapital.com. For MVC's investor relations, please call 914-510-9400. All media inquiries should be directed to Nathaniel Garnick at 212-687-8080.

Forward-Looking Statements

The information contained in this press release contains forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Furthermore, past performance is no guarantee of future results. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements, and these factors are enumerated in the company's periodic filings with the Securities and Exchange Commission.