Medley Capital (MCC) Declares $0.10 Quarterly Dividend; 11.8% Yield
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Sierra, MCC (MCC) and MDLY (MDLY) Announce Merger
August 9, 2018 5:25 PM EDTSierra 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
