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MCG Capital Corporation Q2 2010 Earnings Call Transcript

MCG Capital Corporation (MCGC)

Q2 2010 Earnings Call Transcript

August 5, 2010 9:00 am ET


Steve Tunney – President and CEO

Tod Reichert – SVP and Corporate Secretary

Steve Bacica – CFO


Jonathan [ph] – Stifel Nicolaus

Vernon Plack – BB&T Capital Markets

Sanjay Sakhrani – KBW

Mike Turner – Compass Point

Rick Fearon – Accretive Capital Partners



Good day, ladies and gentlemen, and welcome to your MCG Capital second quarter 2010 earnings investor call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session, and instructions will follow at that time. (Operator instructions) As a reminder, today’s conference call is being recorded. I would now like to introduce your host for today's conference call, MCG Capital's Co-Founder and Chief Executive Officer, Steve Tunney; and Steve Bacica, Chief Financial Officer. You may begin your conference.

Steve Tunney

Good morning, everyone. Before we get started, I would like to have Tod Reichert, our Chief Compliance Officer, provide the necessary Safe Harbor disclosures. Tod?

Tod Reichert

Thanks, Steve. Good morning, everyone. Before we begin, we would like to remind you that various statements that we may make during this morning's call will include forward-looking statements as defined under applicable securities laws.

Management's assumptions, expectations, and opinions reflected in those statements are subject to risks and uncertainties that may cause actual results and/or performance to differ materially from any future results, performance or achievements discussed in or implied by such forward-looking statements. And the company can give no assurance that they will prove to be correct. Those risks and uncertainties are described in the company's earnings release and in its filings with the Securities and Exchange Commission.

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