Mdly. Medley management........dentro a 0.449

  • Ecco la 60° Edizione del settimanale "Le opportunità di Borsa" dedicato ai consulenti finanziari ed esperti di borsa.

    Questa settimana abbiamo assistito a nuovi record assoluti in Europa e a Wall Street. Il tutto, dopo una ottava che ha visto il susseguirsi di riunioni di banche centrali. Lunedì la Bank of Japan (BoJ) ha alzato i tassi per la prima volta dal 2007, mettendo fine all’era del costo del denaro negativo e al controllo della curva dei rendimenti. Mercoledì la Federal Reserve (Fed) ha confermato i tassi nel range 5,25%-5,50%, mentre i “dots”, le proiezioni dei funzionari sul costo del denaro, indicano sempre tre tagli nel corso del 2024. Il Fomc ha anche discusso in merito ad un possibile rallentamento del ritmo di riduzione del portafoglio titoli. Ieri la Bank of England (BoE) ha lasciato i tassi di interesse invariati al 5,25%. Per continuare a leggere visita il link

mastrodaniel

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A questi prezzi mi pare molto interessante ..quindi dentro.....
 
prese 10k azioni...intanto :)
 
Messo anch'io il gettone! OK!
 
All ultimo quarter hanno 61 milioni in cash in calo dai 81 milioni del quarter precedente ..ma sono sempre 10 dollari in cash...
 
Questo giro non riesco a seguirvi. Directa non ha il titolo censito e non aggiungono titoli che quotano sotto i 50c ... mah ..
 
Nell' ultima trimestrale c'è scritto così

As of March 31, 2020, the Company had a cash balance of $61.1 million.
 
Nell' ultima trimestrale c'è scritto così

As of March 31, 2020, the Company had a cash balance of $61.1 million.

puoi postare il link , l'unico che ho troavto io è quello che ho postato
 
Se sei dentro tu no :p

dipende se fa piu 100 si se scende a rotta di collo no:o

fol style



comunque ho gia fatto piu di una volta i complimenti a mastro e non sono qui per denigrare ma solo per scambiare opinioni
 
puoi postare il link , l'unico che ho troavto io è quello che ho postato

Ti posto tutta la trimestrale

Medley Capital Corporation Announces March 31, 2020 Financial Results
GlobeNewswireMay 12, 2020, 3:41 AM GMT+7
NEW YORK, May 11, 2020 (GLOBE NEWSWIRE) -- Medley Capital Corporation (MCC) (MCC) (the “Company”) today announced financial results for the quarter ended March 31, 2020.

Second Quarter Summary

Net asset value (“NAV”) of $2.60 per share

Net investment loss of $(0.08) per share

The board of directors did not declare a dividend this quarter


Portfolio Investments

The total value of our investments was $255.9 million at March 31, 2020. During the quarter ended March 31, 2020, the Company originated $6.6 million of investments and had $20.4 million of repayments and sales, resulting in net repayments and sales of $13.8 million. As of March 31, 2020, the Company had investments in securities of 44 portfolio companies with approximately 41.4% consisting of senior secured first lien investments, 9.9% consisting of senior secured second lien investments, 0.6% consisting of unsecured debt, 16.4% in MCC Senior Loan Strategy JV and 31.7% in equities / warrants. As of March 31, 2020, the weighted average yield based upon the cost basis of our income bearing portfolio investments, excluding cash and cash equivalents, was 8.7%.

Results of Operations

For the three months ended March 31, 2020, the Company reported net investment loss per share and net loss per share of $(0.08) and $(1.45), respectively, calculated based upon the weighted average shares outstanding.

For the six months ended March 31, 2020, the Company reported net investment loss per share and net loss per share of $(0.02) and $(1.37), respectively, calculated based upon the weighted average shares outstanding.

Investment Income

For the three months ended March 31, 2020, total investment income was approximately $5.3 million and consisted of $3.5 million of portfolio interest income, $1.7 million of dividend income, and $0.1 million of fee income.

For the six months ended March 31, 2020, total investment income was approximately $12.8 million and consisted of $8.9 million of portfolio interest income, $3.5 million of dividend income, and $0.4 million of fee income.

Expenses

For the three months ended March 31, 2020, total expenses were approximately $9.5 million and consisted of the following: base management fees of $1.6 million, interest and financing expenses of $4.4 million, professional fees of $0.1 million, administrator expenses of $0.6 million, directors’ fees of $0.3 million, and other general and administrative related expenses of $2.5 million.

For the six months ended March 31, 2020, total expenses were approximately $13.9 million and consisted of the following: base management fees of $3.6 million, interest and financing expenses of $9.6 million, net professional fees of $(4.3) million, administrator expenses of $1.1 million, directors’ fees of $0.6 million, and other general and administrative related expenses of $3.3 million.

Net Investment Income/Loss

For the three months ended March 31, 2020, the Company reported net investment loss of $(4.2) million, or $(0.08), on a weighted average per share basis.

For the six months ended March 31, 2020, the Company reported net investment loss of $(1.1) million, or $(0.02), on a weighted average per share basis.

Net Realized and Unrealized Gains/Losses

For the three and six months ended March 31, 2020, the Company reported net realized losses of $(0.1) million and net unrealized depreciation of $(73.6) million and net realized losses of $(1.8) million and net unrealized depreciation of $(69.8) million, respectively.

For the three and six months ended March 31, 2019, the Company reported a loss on extinguishment of debt of $(0.9) million and $(1.8) million, respectively.

For the three and six months ended March 31, 2019, the Company reported a change in provision for deferred taxes on unrealized appreciation on investments of $(0.1) million.

Liquidity and Capital Resources

During the quarter ended March 31, 2020 the Company repaid a total of $34.9 million on its Series A Israeli Notes (the “Israeli Notes”), which consisted of its scheduled quarterly amortization payment and an additional pre-payment.

As of March 31, 2020, the Company had $74.0 million outstanding in aggregate principal amount of 6.50% unsecured notes due 2021, $77.8 million outstanding in aggregate principal amount of 6.125% unsecured notes due 2023, and $21.1 million outstanding in aggregate principal amount of the Israeli Notes.

As of March 31, 2020, the Company had a cash balance of $61.1 million.

On April 14, 2020 the Company repaid the remaining $21.1 million of Israeli Notes outstanding.

Dividend Declaration

The board of directors did not declare a dividend this quarter.

Financial Statements



Medley Capital Corporation

Consolidated Statements of Assets and Liabilities

(in thousands, except share and per share data)





March 31, 2020



September 30, 2019



(unaudited)





ASSETS







Investments at fair value







Non-controlled/non-affiliated investments (amortized cost of $143,310 and $204,736, respectively)

$

112,666





$

189,895



Affiliated investments (amortized cost of $96,626 and $108,310, respectively)

82,277





99,540



Controlled investments (amortized cost of $156,552 and $154,601, respectively)

60,953





107,454



Total investments at fair value

255,896





396,889



Cash and cash equivalents

61,104





68,245



Restricted cash







16,039



Other assets

966





2,974



Interest receivable

489





1,592



Receivable for dispositions and investments sold

12





419



Fees receivable

45





109



Total assets

$

318,512





$

486,267











LIABILITIES







Notes payable (net of debt issuance costs of $1,843 and $5,274, respectively)

$

171,173





$

251,732



Accounts payable and accrued expenses

2,258





11,957



Interest and fees payable

802





2,905



Management and incentive fees payable

1,641





2,231



Administrator expenses payable

576





862



Deferred revenue

38





103



Due to affiliate

196





44



Deferred tax liability

86









Total liabilities

$

176,770





$

269,834











NET ASSETS







Common stock, par value $0.001 per share, 100,000,000 common shares authorized,
54,474,211 and 54,474,211 common shares issued and outstanding, respectively

$

54





$

54



Capital in excess of par value

673,533





673,533



Total distributable earnings/(loss)

(531,845

)



(457,154

)

Total net assets

141,742





216,433



Total liabilities and net assets

$

318,512





$

486,267











NET ASSET VALUE PER SHARE

$

2.60





$

3.97























Medley Capital Corporation

Consolidated Statements of Operations

(in thousands, except share and per share data)





For the three months
ended March 31



For the six months
ended March 31



2020



2019



2020



2019



(unaudited)



(unaudited)



(unaudited)



(unaudited)

INVESTMENT INCOME















Interest from investments















Non-controlled/non-affiliated investments:















Cash

$

2,321





$

7,510





$

5,538





$

15,587



Payment-in-kind

128





606





327





1,178



Affiliated investments:















Cash

190





460





399





1,212



Payment-in-kind

707





644





1,654





1,616



Controlled investments:















Cash

1





86





85





164



Payment-in-kind

5





760





501





1,789



Total interest income

3,352





10,066





8,504





21,546



Dividend income

1,663





1,992





3,500





4,091



Interest from cash and cash equivalents

154





211





372





373



Fee income

132





318





416





779



Total investment income

5,301





12,587





12,792





26,789



















EXPENSES















Base management fees

1,641





3,084





3,649





6,270



Incentive fees























Interest and financing expenses

4,432





5,899





9,576





11,908



General and administrative

2,083





2,881





2,600





3,485



Administrator expenses

576





668





1,128





1,700



Insurance

357





117





655





236



Directors fees

297





376





612





669



Professional fees, net

131





10,157





(4,285

)



11,357



Expenses before management and incentive fee waivers

9,517





23,182





13,935





35,625



Management fee waiver























Incentive fee waiver























Total expenses net of management and incentive fee waivers

9,517





23,182





13,935





35,625



NET INVESTMENT INCOME

(4,216

)



(10,595

)



(1,143

)



(8,836

)

















REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS















Net realized gain/(loss) from investments















Non-controlled/non-affiliated investments

(100

)



(10,615

)



(158

)



(15,799

)

Affiliated investments























Controlled investments













(1,687

)



(51,539

)

Net realized gain/(loss) from investments

(100

)



(10,615

)



(1,845

)



(67,338

)

Net unrealized appreciation/(depreciation) on investments















Non-controlled/non-affiliated investments

(19,550

)



19,352





(15,802

)



20,164



Affiliated investments

(15,019

)



(3,079

)



(5,579

)



(5,474

)

Controlled investments

(38,994

)



(19,672

)



(48,451

)



26,920



Net unrealized appreciation/(depreciation) on investments

(73,563

)



(3,399

)



(69,832

)



41,610



Change in provision for deferred taxes on unrealized (appreciation)/depreciation on investments

(86

)









(86

)







Net loss on extinguishment of debt

(895

)









(1,784

)



(123

)

Net realized and unrealized gain/(loss) on investments

(74,644

)



(14,014

)



(73,547

)



(25,851

)

NET INCREASE/(DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

$

(78,860

)



$

(24,609

)



$

(74,690

)



$

(34,687

)

















WEIGHTED AVERAGE - BASIC AND DILUTED EARNINGS PER COMMON SHARE

$

(1.45

)



$

(0.45

)



$

(1.37

)



$

(0.64

)

WEIGHTED AVERAGE - BASIC AND DILUTED NET INVESTMENT INCOME PER COMMON SHARE

$

(0.08

)



$

(0.19

)



$

(0.02

)



$

(0.16

)

WEIGHTED AVERAGE COMMON STOCK OUTSTANDING - BASIC AND DILUTED

54,474,211





54,474,211





54,474,211





54,474,211



DIVIDENDS DECLARED PER COMMON SHARE

$







$

0.05





$







$

0.15



































ABOUT MEDLEY CAPITAL CORPORATION

Medley Capital Corporation is a closed-end, externally managed business development company ("BDC") that has common stock which trades on the New York Stock Exchange (MCC) and the Tel Aviv Stock Exchange (MCC) and has outstanding bonds which trade on the New York Stock Exchange under the symbols (MCV) and (MCX) . Medley Capital Corporation's investment objective is to generate current income and capital appreciation by lending to privately-held middle market companies, primarily through directly originated transactions, to help these companies expand their businesses, refinance and make acquisitions. Our portfolio generally consists of senior secured first lien loans and senior secured second lien loans. Medley Capital Corporation is externally managed by MCC Advisors LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. For additional information, please visit Medley Capital Corporation at Index page | Medley Capital Corporation.

ABOUT MCC ADVISORS LLC

MCC Advisors LLC is a subsidiary of Medley Management Inc. (NYSE: MDLY, “Medley”). Medley is an alternative asset management firm offering yield solutions to retail and institutional investors. Medley’s national direct origination franchise is a premier provider of capital to the middle market in the U.S. Medley has $4.1 billion of assets under management in two business development companies, Medley Capital Corporation (MCC) (MCC) and Sierra Income Corporation, and several private investment vehicles. Over the past 18 years, we have provided capital to over 400 companies across 35 industries in North America.1 For additional information, please visit Medley Management Inc. at Medley Management Inc. Alternative Asset Management - Welcome.

Medley LLC, the operating company of Medley Management Inc., has outstanding bonds which trade on the New York Stock Exchange under the symbols (MDLX) and (MDLQ).

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking” statements, including statements regarding any potential exploration of strategic alternatives by the Company. Such forward-looking statements reflect current views with respect to future events and financial performance, and the Company may make related oral forward-looking statements on or following the date hereof. Statements that include the words “should,” “would,” “expect,” “intend,” “plan,” “believe,” “project,” “anticipate,” “seek,” “will,” and similar statements of a future or forward-looking nature identify forward-looking statements in this material or similar oral statements for purposes of the U.S. federal securities laws or otherwise. Forward-looking statements include, but are not limited to, the introduction, withdrawal, success and timing of business initiatives and strategies; changes in political, economic or industry conditions, the interest rate environment or conditions affecting the financial and capital markets, which could result in changes in the value of our assets; the relative and absolute investment performance and operations of MCC Advisors LLC; our business prospects and the prospects of our portfolio companies; uncertainties associated with the impact from the COVID-19 pandemic, including its impact on the global and U.S. capital markets and the global and U.S. economy, the length and duration of the COVID-19 outbreak in the United States as well as worldwide and the magnitude of the economic impact of that outbreak, and the impact of the termination of the Amended and Restated Agreement and Plan of Merger, dated as of July 29, 2019, by and between the Company and Sierra Income Corporation (“Sierra”) and the Amended and Restated Agreement and Plan of Merger, dated as of July 29, 2019, by and among Medley Management Inc., Sierra, and Sierra Management, Inc., on our business, financial results, ability to pay dividends and distributions, if any, to our stockholders, and stock price.

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the “Risk Factors” and other sections of the Company’s most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q. The forward-looking statements in this press release represent the Company’s views as of the date of hereof. The Company anticipates that subsequent events and developments will cause its views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company does not have any current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the Company’s views as of any date subsequent to the date of this material.

SOURCE: Medley Capital Corporation

Investor Relations Contact:
Sam Anderson
Head of Capital Markets & Risk Management
Medley Management Inc.
212-759-0777

Media Contact:
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co. LP
212-257-4170

_________________________________________________________________________________________________________________
1 Medley Management Inc. is the parent company of Medley LLC and several registered investment advisors (collectively, “Medley”). Assets under management refers to assets of Medley’s funds, which represents the sum of the net asset value of such funds, the drawn and undrawn debt (at the fund level, including amounts subject to restrictions) and uncalled committed capital (including commitments to funds that have yet to commence their investment periods). Assets under management are as of December 31, 2019.


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Exhibit E. Consolidated Balance Sheets of Medley Management Inc.



As of


March 31, 2020
(unaudited)


December 31, 2019






(in thousands)

Assets




Cash and cash equivalents

$

6,599



$

10,558


Investments, at fair value

10,605



13,287


Management fees receivable

7,608



8,104


Right-of-use assets under operating leases



6,122



6,564


Other assets

10,217



10,283


Total Assets

$

41,151



$

48,796






Liabilities, Redeemable Non-controlling Interests and Equity




Liabilities




Senior unsecured debt, net

$

118,573



$

118,382


Loans payable, net

10,000



10,000


Due to former minority interest holder, net

7,529



8,145


Operating lease liabilities



7,751



8,267


Accounts payable, accrued expenses and other liabilities

21,012



22,835


Total Liabilities

164,865




boh
 
Ti posto tutta la trimestrale

Medley Capital Corporation Announces March 31, 2020 Financial Results
GlobeNewswireMay 12, 2020, 3:41 AM GMT+7
NEW YORK, May 11, 2020 (GLOBE NEWSWIRE) -- Medley Capital Corporation (MCC) (MCC) (the “Company”) today announced financial results for the quarter ended March 31, 2020.

Second Quarter Summary

Net asset value (“NAV”) of $2.60 per share

Net investment loss of $(0.08) per share

The board of directors did not declare a dividend this quarter


Portfolio Investments

The total value of our investments was $255.9 million at March 31, 2020. During the quarter ended March 31, 2020, the Company originated $6.6 million of investments and had $20.4 million of repayments and sales, resulting in net repayments and sales of $13.8 million. As of March 31, 2020, the Company had investments in securities of 44 portfolio companies with approximately 41.4% consisting of senior secured first lien investments, 9.9% consisting of senior secured second lien investments, 0.6% consisting of unsecured debt, 16.4% in MCC Senior Loan Strategy JV and 31.7% in equities / warrants. As of March 31, 2020, the weighted average yield based upon the cost basis of our income bearing portfolio investments, excluding cash and cash equivalents, was 8.7%.

Results of Operations

For the three months ended March 31, 2020, the Company reported net investment loss per share and net loss per share of $(0.08) and $(1.45), respectively, calculated based upon the weighted average shares outstanding.

For the six months ended March 31, 2020, the Company reported net investment loss per share and net loss per share of $(0.02) and $(1.37), respectively, calculated based upon the weighted average shares outstanding.

Investment Income

For the three months ended March 31, 2020, total investment income was approximately $5.3 million and consisted of $3.5 million of portfolio interest income, $1.7 million of dividend income, and $0.1 million of fee income.

For the six months ended March 31, 2020, total investment income was approximately $12.8 million and consisted of $8.9 million of portfolio interest income, $3.5 million of dividend income, and $0.4 million of fee income.

Expenses

For the three months ended March 31, 2020, total expenses were approximately $9.5 million and consisted of the following: base management fees of $1.6 million, interest and financing expenses of $4.4 million, professional fees of $0.1 million, administrator expenses of $0.6 million, directors’ fees of $0.3 million, and other general and administrative related expenses of $2.5 million.

For the six months ended March 31, 2020, total expenses were approximately $13.9 million and consisted of the following: base management fees of $3.6 million, interest and financing expenses of $9.6 million, net professional fees of $(4.3) million, administrator expenses of $1.1 million, directors’ fees of $0.6 million, and other general and administrative related expenses of $3.3 million.

Net Investment Income/Loss

For the three months ended March 31, 2020, the Company reported net investment loss of $(4.2) million, or $(0.08), on a weighted average per share basis.

For the six months ended March 31, 2020, the Company reported net investment loss of $(1.1) million, or $(0.02), on a weighted average per share basis.

Net Realized and Unrealized Gains/Losses

For the three and six months ended March 31, 2020, the Company reported net realized losses of $(0.1) million and net unrealized depreciation of $(73.6) million and net realized losses of $(1.8) million and net unrealized depreciation of $(69.8) million, respectively.

For the three and six months ended March 31, 2019, the Company reported a loss on extinguishment of debt of $(0.9) million and $(1.8) million, respectively.

For the three and six months ended March 31, 2019, the Company reported a change in provision for deferred taxes on unrealized appreciation on investments of $(0.1) million.

Liquidity and Capital Resources

During the quarter ended March 31, 2020 the Company repaid a total of $34.9 million on its Series A Israeli Notes (the “Israeli Notes”), which consisted of its scheduled quarterly amortization payment and an additional pre-payment.

As of March 31, 2020, the Company had $74.0 million outstanding in aggregate principal amount of 6.50% unsecured notes due 2021, $77.8 million outstanding in aggregate principal amount of 6.125% unsecured notes due 2023, and $21.1 million outstanding in aggregate principal amount of the Israeli Notes.

As of March 31, 2020, the Company had a cash balance of $61.1 million.

On April 14, 2020 the Company repaid the remaining $21.1 million of Israeli Notes outstanding.

Dividend Declaration

The board of directors did not declare a dividend this quarter.

Financial Statements



Medley Capital Corporation

Consolidated Statements of Assets and Liabilities

(in thousands, except share and per share data)





March 31, 2020



September 30, 2019



(unaudited)





ASSETS







Investments at fair value







Non-controlled/non-affiliated investments (amortized cost of $143,310 and $204,736, respectively)

$

112,666





$

189,895



Affiliated investments (amortized cost of $96,626 and $108,310, respectively)

82,277





99,540



Controlled investments (amortized cost of $156,552 and $154,601, respectively)

60,953





107,454



Total investments at fair value

255,896





396,889



Cash and cash equivalents

61,104





68,245



Restricted cash







16,039



Other assets

966





2,974



Interest receivable

489





1,592



Receivable for dispositions and investments sold

12





419



Fees receivable

45





109



Total assets

$

318,512





$

486,267











LIABILITIES







Notes payable (net of debt issuance costs of $1,843 and $5,274, respectively)

$

171,173





$

251,732



Accounts payable and accrued expenses

2,258





11,957



Interest and fees payable

802





2,905



Management and incentive fees payable

1,641





2,231



Administrator expenses payable

576





862



Deferred revenue

38





103



Due to affiliate

196





44



Deferred tax liability

86









Total liabilities

$

176,770





$

269,834











NET ASSETS







Common stock, par value $0.001 per share, 100,000,000 common shares authorized,
54,474,211 and 54,474,211 common shares issued and outstanding, respectively

$

54





$

54



Capital in excess of par value

673,533





673,533



Total distributable earnings/(loss)

(531,845

)



(457,154

)

Total net assets

141,742





216,433



Total liabilities and net assets

$

318,512





$

486,267











NET ASSET VALUE PER SHARE

$

2.60





$

3.97























Medley Capital Corporation

Consolidated Statements of Operations

(in thousands, except share and per share data)





For the three months
ended March 31



For the six months
ended March 31



2020



2019



2020



2019



(unaudited)



(unaudited)



(unaudited)



(unaudited)

INVESTMENT INCOME















Interest from investments















Non-controlled/non-affiliated investments:















Cash

$

2,321





$

7,510





$

5,538





$

15,587



Payment-in-kind

128





606





327





1,178



Affiliated investments:















Cash

190





460





399





1,212



Payment-in-kind

707





644





1,654





1,616



Controlled investments:















Cash

1





86





85





164



Payment-in-kind

5





760





501





1,789



Total interest income

3,352





10,066





8,504





21,546



Dividend income

1,663





1,992





3,500





4,091



Interest from cash and cash equivalents

154





211





372





373



Fee income

132





318





416





779



Total investment income

5,301





12,587





12,792





26,789



















EXPENSES















Base management fees

1,641





3,084





3,649





6,270



Incentive fees























Interest and financing expenses

4,432





5,899





9,576





11,908



General and administrative

2,083





2,881





2,600





3,485



Administrator expenses

576





668





1,128





1,700



Insurance

357





117





655





236



Directors fees

297





376





612





669



Professional fees, net

131





10,157





(4,285

)



11,357



Expenses before management and incentive fee waivers

9,517





23,182





13,935





35,625



Management fee waiver























Incentive fee waiver























Total expenses net of management and incentive fee waivers

9,517





23,182





13,935





35,625



NET INVESTMENT INCOME

(4,216

)



(10,595

)



(1,143

)



(8,836

)

















REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS















Net realized gain/(loss) from investments















Non-controlled/non-affiliated investments

(100

)



(10,615

)



(158

)



(15,799

)

Affiliated investments























Controlled investments













(1,687

)



(51,539

)

Net realized gain/(loss) from investments

(100

)



(10,615

)



(1,845

)



(67,338

)

Net unrealized appreciation/(depreciation) on investments















Non-controlled/non-affiliated investments

(19,550

)



19,352





(15,802

)



20,164



Affiliated investments

(15,019

)



(3,079

)



(5,579

)



(5,474

)

Controlled investments

(38,994

)



(19,672

)



(48,451

)



26,920



Net unrealized appreciation/(depreciation) on investments

(73,563

)



(3,399

)



(69,832

)



41,610



Change in provision for deferred taxes on unrealized (appreciation)/depreciation on investments

(86

)









(86

)







Net loss on extinguishment of debt

(895

)









(1,784

)



(123

)

Net realized and unrealized gain/(loss) on investments

(74,644

)



(14,014

)



(73,547

)



(25,851

)

NET INCREASE/(DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

$

(78,860

)



$

(24,609

)



$

(74,690

)



$

(34,687

)

















WEIGHTED AVERAGE - BASIC AND DILUTED EARNINGS PER COMMON SHARE

$

(1.45

)



$

(0.45

)



$

(1.37

)



$

(0.64

)

WEIGHTED AVERAGE - BASIC AND DILUTED NET INVESTMENT INCOME PER COMMON SHARE

$

(0.08

)



$

(0.19

)



$

(0.02

)



$

(0.16

)

WEIGHTED AVERAGE COMMON STOCK OUTSTANDING - BASIC AND DILUTED

54,474,211





54,474,211





54,474,211





54,474,211



DIVIDENDS DECLARED PER COMMON SHARE

$







$

0.05





$







$

0.15



































ABOUT MEDLEY CAPITAL CORPORATION

Medley Capital Corporation is a closed-end, externally managed business development company ("BDC") that has common stock which trades on the New York Stock Exchange (MCC) and the Tel Aviv Stock Exchange (MCC) and has outstanding bonds which trade on the New York Stock Exchange under the symbols (MCV) and (MCX) . Medley Capital Corporation's investment objective is to generate current income and capital appreciation by lending to privately-held middle market companies, primarily through directly originated transactions, to help these companies expand their businesses, refinance and make acquisitions. Our portfolio generally consists of senior secured first lien loans and senior secured second lien loans. Medley Capital Corporation is externally managed by MCC Advisors LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. For additional information, please visit Medley Capital Corporation at Index page | Medley Capital Corporation.

ABOUT MCC ADVISORS LLC

MCC Advisors LLC is a subsidiary of Medley Management Inc. (NYSE: MDLY, “Medley”). Medley is an alternative asset management firm offering yield solutions to retail and institutional investors. Medley’s national direct origination franchise is a premier provider of capital to the middle market in the U.S. Medley has $4.1 billion of assets under management in two business development companies, Medley Capital Corporation (MCC) (MCC) and Sierra Income Corporation, and several private investment vehicles. Over the past 18 years, we have provided capital to over 400 companies across 35 industries in North America.1 For additional information, please visit Medley Management Inc. at Medley Management Inc. Alternative Asset Management - Welcome.

Medley LLC, the operating company of Medley Management Inc., has outstanding bonds which trade on the New York Stock Exchange under the symbols (MDLX) and (MDLQ).

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking” statements, including statements regarding any potential exploration of strategic alternatives by the Company. Such forward-looking statements reflect current views with respect to future events and financial performance, and the Company may make related oral forward-looking statements on or following the date hereof. Statements that include the words “should,” “would,” “expect,” “intend,” “plan,” “believe,” “project,” “anticipate,” “seek,” “will,” and similar statements of a future or forward-looking nature identify forward-looking statements in this material or similar oral statements for purposes of the U.S. federal securities laws or otherwise. Forward-looking statements include, but are not limited to, the introduction, withdrawal, success and timing of business initiatives and strategies; changes in political, economic or industry conditions, the interest rate environment or conditions affecting the financial and capital markets, which could result in changes in the value of our assets; the relative and absolute investment performance and operations of MCC Advisors LLC; our business prospects and the prospects of our portfolio companies; uncertainties associated with the impact from the COVID-19 pandemic, including its impact on the global and U.S. capital markets and the global and U.S. economy, the length and duration of the COVID-19 outbreak in the United States as well as worldwide and the magnitude of the economic impact of that outbreak, and the impact of the termination of the Amended and Restated Agreement and Plan of Merger, dated as of July 29, 2019, by and between the Company and Sierra Income Corporation (“Sierra”) and the Amended and Restated Agreement and Plan of Merger, dated as of July 29, 2019, by and among Medley Management Inc., Sierra, and Sierra Management, Inc., on our business, financial results, ability to pay dividends and distributions, if any, to our stockholders, and stock price.

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the “Risk Factors” and other sections of the Company’s most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q. The forward-looking statements in this press release represent the Company’s views as of the date of hereof. The Company anticipates that subsequent events and developments will cause its views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company does not have any current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the Company’s views as of any date subsequent to the date of this material.

SOURCE: Medley Capital Corporation

Investor Relations Contact:
Sam Anderson
Head of Capital Markets & Risk Management
Medley Management Inc.
212-759-0777

Media Contact:
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co. LP
212-257-4170

_________________________________________________________________________________________________________________
1 Medley Management Inc. is the parent company of Medley LLC and several registered investment advisors (collectively, “Medley”). Assets under management refers to assets of Medley’s funds, which represents the sum of the net asset value of such funds, the drawn and undrawn debt (at the fund level, including amounts subject to restrictions) and uncalled committed capital (including commitments to funds that have yet to commence their investment periods). Assets under management are as of December 31, 2019.


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Exhibit E. Consolidated Balance Sheets of Medley Management Inc.



As of


March 31, 2020
(unaudited)


December 31, 2019






(in thousands)

Assets




Cash and cash equivalents

$

6,599



$

10,558


Investments, at fair value

10,605



13,287


Management fees receivable

7,608



8,104


Right-of-use assets under operating leases



6,122



6,564


Other assets

10,217



10,283


Total Assets

$

41,151



$

48,796






Liabilities, Redeemable Non-controlling Interests and Equity




Liabilities




Senior unsecured debt, net

$

118,573



$

118,382


Loans payable, net

10,000



10,000


Due to former minority interest holder, net

7,529



8,145


Operating lease liabilities



7,751



8,267


Accounts payable, accrued expenses and other liabilities

21,012



22,835


Total Liabilities

164,865




boh

mi sembra differente da quella postata da LEGOLEGO


la casalinga di voghera stavolta è sicura di non averci capito un quazz:D


in bocca al lupo;)
 
che corrispondono ai miei evidentemente errati conti
6,6ml$ /32,54 mln share
boh come detto in bocca al lupo
avete entrambi ragione sono due società diverse. Una è Medley Management Inc (MDLY) e l'altra è Medley Capital Corporation (MCC). Non so come e se sono in alcun modo collegate
 
Si sono collegate

Medley is an alternative asset management firm offering yield solutions to retail and institutional investors. Medley's national direct origination franchise is a premier provider of capital to the middle market in the U.S. Medley has $3.8 billion of assets under management in two business development companies, Medley Capital Corporation (NYSE: MCC) (TASE: MCC) and Sierra Income Corporation and several private investment vehicles. Over the past 18 years, we have provided capital to over 400 companies across 35 industries in North America. (1)
 
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