PURCHASE, N.Y., April 3, 2013 (GLOBE NEWSWIRE) -- MVC Capital, Inc. (NYSE:MVC) (the "Company"), a publicly traded business development company that makes private debt and equity investments, announced today that with the gross proceeds received from the sale of Summit Research Labs, Inc., and with the Company's debt retirement, MVC's board of directors has authorized an expanded share repurchase program to opportunistically buy back shares in the market in an effort to narrow the discount. The previously authorized $5 million limit has been eliminated.
MVC Capital Expands Share Repurchase Program From $5 Million
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.