PURCHASE, N.Y., Dec. 17, 2012 (GLOBE NEWSWIRE) -- MVC Capital, Inc. (NYSE:MVC), a publicly traded business development company that makes private debt and equity investments, announced today that its board of directors has declared a dividend of $0.135 per share, or a total of approximately $3.2 million, to be distributed to shareholders for the first quarter of fiscal 2013. The dividend is payable on January 7, 2013 to shareholders of record on December 31, 2012 and will therefore be taxed at 2012 rates. This distribution represents the thirty-first consecutive quarterly dividend paid by the Fund since implementing a dividend policy in July of 2005. The dividends issued under current management have resulted in approximately $88.9 million in distributions to the Fund's shareholders.
About MVC Capital, Inc.
MVC Capital is a Business Development Company traded on the New York Stock Exchange that provides long-term debt and equity investment capital to fund growth, acquisitions and recapitalizations of companies in a variety of industries. For MVC's investor relations, please call Jackie Rothchild at 914-510-9400. All media inquiries should be directed to Nathaniel Garnick at 212-687-8080.
About Our Distributions
The amount and specific timing of any future dividends paid pursuant to the Fund's dividend policy will be determined by its board of directors. At this time, the Fund is unable to make a conclusive determination as to the characteristics of the distribution announced herein. In January, a Form 1099 DIV will be sent to shareholders that will state the aggregate amount and actual tax characterization of distributions for the preceding year.
The information contained in this press release contains forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements, and these factors are enumerated in the company's periodic filings with the Securities and Exchange Commission.
CONTACT: Investor Relations MVC Capital Jackie Rothchild, 914-510-9400 or KCSA Strategic Communications Garth Russell, 212-896-1250 or Media Inquiries Sard Verbinnen & Co Nathaniel Garnick, 212-687-8080