This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MVC Capital Announces Fourth Quarter And Full Year Fiscal 2012 Results

The Company reported net operating income of approximately $3.6 million for the fourth quarter, as compared to a net operating loss of approximately ($4.1) million for the same quarter in 2011.

In fiscal 2012, the Company earned approximately $25.2 million in interest and dividend income, and approximately $4.7 million in fee and other income. Combined, this resulted in an increase in total operating income of approximately $13.9 million to $29.9 million, as compared to fiscal 2011.

The Company reported net operating income of approximately $21.1 million for fiscal 2012, as compared to a net operating loss of approximately ($2.3) million for fiscal 2011.

Fourth Quarter 2012 Portfolio Adjustments

Active Deals Status Write up (Write down)
 Velocitius B.V.  Write-up $2,452,000
 Vestal Manufacturing Enterprises, Inc. Write-up $1,750,000
 Octagon Credit Investors, LLC  Write-up $700,000
 Turf Products Corporation  Write-up $271,000
 SGDA Europe B.V. Write-up $239,000
 SIA Tekers Invest Write-up $139,000
 MVC Private Equity Fund L.P. Write-up $12,640
 Ohio Medical Corp. & Guarantee Write-down ($8,525,000)
 Security Holdings B.V. Write-down ($2,959,000)
 NPWT Corporation  Write-down ($465,000)
 MVC Automotive Group B.V. Write-down ($362,000)
 Harmony Health & Beauty, Inc. Write-down ($150,000)
 MVC Partners LLC Write-down ($71,360)
 Centile Holdings B.V.  Write-down ($34,376)
 Total   ($7,003,096)

As of October 31, 2012, the Company's net assets were approximately $386.0 million or $16.14 per share, compared with net assets of approximately $392.8 million, or $16.42 per share, at the beginning of the quarter and $419.5 million, or $17.54 per share, at the end of the same period last year. During the quarter, the Company received gross proceeds of approximately $15.3 million from the sale of SHL Group Limited ("SHL") to the Corporate Executive Board. In addition the Company also received a dividend of $2.4 million from U.S. Gas & Electric ("USG&E").

2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs