Medley Capital (MCC) Declares $0.10 Quarterly Dividend; 11.8% Yield

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Go back to Medley Capital (MCC) Declares $0.10 Quarterly Dividend; 11.8% Yield

Sierra, MCC (MCC) and MDLY (MDLY) Announce Merger

August 9, 2018 5:25 PM EDT

Sierra Income Corporation , Medley Capital Corporation (NYSE: MCC), and Medley Management Inc. (NYSE: MDLY) joint announcement.

Sierra, MCC and MDLY have entered into definitive agreements for Sierra to acquire MCC and MDLY. MCC will merge with and into Sierra, with Sierra as the surviving company. Simultaneously, Sierra will acquire MDLY, and MDLYs existing asset management business will operate as a wholly-owned subsidiary of Sierra. The Boards of Directors of Sierra, MCC and MDLY unanimously approved the transactions based on recommendations of independently advised special committees of... More