MVC Capital, Inc. (N:MVC)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
See Regulatory Filings on SEC
Company Contact
Address: 287 Bowman Ave
PURCHASE NY 10577-2568
Tel: 1-212-8961249
IR: See website
Key People
Michael T. Tokarz
Principal Executive Officer, Director
Scott J. Schuenke
Chief Financial Officer
Kevin M. Byrne
Chief Compliance Officer
Jaclyn Shapiro-Rothchild
Vice President, Secretary
Business Overview
MVC Capital, Inc. is a non-diversified closed-end management investment company. The Company's investment objective is to seek to maximize total return from capital appreciation and/or income. The Company's segments are its investing operations as a business development company, which includes MVC Cayman and MVC Turf, LLC and MVC Financial Services, Inc. (MVCFS). It seeks to achieve its investment objective by providing debt and equity financing to companies, including privately owned (portfolio companies), and by establishing a subsidiary or subsidiaries that would serve as general partner to a private equity or other investment fund(s). It has investments in various sectors, including energy, specialty chemicals, automotive dealerships, electrical engineering, medical devices, industrial manufacturing, financial services and information technology. The Tokarz Group Advisers LLC is the investment advisor of the Company.
Financial Overview
For the six months ended 30 April 2019, MVC Capital, Inc. revenues increased 41% to $15M. Net income totaled $12.9M vs. loss of $2.4M. Revenues reflect MVC segment increase of 45% to $14.6M. Net Income reflects Non-control or Non-affiliated investment increase from $2.9M (expense) to $3.2M (income), Control investments - Non operating increase from $0K to $5.2M (income). Dividend per share remained flat at $0.30.
Reporting Currency: U.S. Dollars
Enterprise value: $299.95M as of Apr 30, 2019
Annual revenue (TTM): $27.21M as of Apr 30, 2019
EBITDA (TTM): $10.35M as of Apr 30, 2019
Net annual income (TTM): $4.82M as of Apr 30, 2019
Free cash flow (TTM): -$15.10M as of Apr 30, 2019
Net Debt Last Fiscal Year: $132.63M as of Apr 30, 2019
Shares outstanding: 17,725,118 as of Jun 10, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization