MVC Capital, Inc. (MVC) Posts Q2 Net Loss of 72c/Share

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Go back to MVC Capital, Inc. (MVC) Posts Q2 Net Loss of 72c/Share

MVC Capital Announces Second Quarter Fiscal 2014 Results

June 6, 2014 9:00 AM EDT

PURCHASE, N.Y., June 6, 2014 (GLOBE NEWSWIRE) -- MVC Capital, Inc. (NYSE: MVC), a publicly traded business development company that makes private debt and equity investments, today announced its financial results for the second fiscal quarter ended April 30, 2014.

Fiscal Second Quarter 2014 and Recent Financial Summary

Interest income was $4.0 million, compared to $2.5 million in Q2 2013 NAV was $16.42, compared to $16.56 at Q2 2013 and $17.36 at Q1 2014 Seasonal challenges across certain portfolio sectors Committed $22.5 million to yielding investments during the second quarter Weighted average yield on the portfolio of 11.3%1... More