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 Names Scott J. Schuenke New Chief Financial Officer

PURCHASE, N.Y., July 29, 2013 (GLOBE NEWSWIRE) -- MVC Capital, Inc. (NYSE:MVC) (the "Fund"), a publicly traded business development company that makes private debt and equity investments, announced today that the Board of Directors has appointed Scott J. Schuenke, CPA and MBA to the role of Chief Financial Officer, effective November 1, 2013.

Mr. Schuenke succeeds current CFO, Peter Seidenberg, who will transition into a full-time role as a senior investment professional with MVC Capital. Mr. Seidenberg will remain CFO of MVC Capital through the end of fiscal 2013, working closely with Mr. Schuenke to ensure a smooth transition of responsibilities.

"Scott's skills and background in all aspects of corporate finance and his years of experience with MVC will serve him and our shareholders well as we transition the strategy of the Fund," said Peter Seidenberg, current CFO of MVC Capital and Managing Director of The Tokarz Group Advisers, LLC. "Scott's work over the last eight years has been impressive and I am looking forward to continuing to work with him in our new roles. I am proud to transition the CFO role to Scott as he becomes more and more active with the investment community." 

"Scott's role as CFO is a well-earned transition and reflects the culmination of years of exemplary work and increasing responsibilities as Corporate Controller," said Michael Tokarz, Chairman and Portfolio Manager of MVC Capital. "The appointment of Scott to Chief Financial Officer and Peter to a full-time senior investment professional is a natural progression for Scott and Peter that should benefit MVC shareholders." 

Mr. Schuenke has served as Corporate Controller and Chief Compliance Officer of MVC Capital since 2004. During his tenure at MVC, he has been working closely with Mr. Seidenberg on all aspects of managing the financial operations including organizing the Company's financial audit, preparing quarterly and annual financial projections, performing portfolio analysis, overseeing the valuation process consistent with ASC 820, in addition to serving on a team responsible for all new debt and equity offerings. Mr. Schuenke has spent years providing financial expertise and guidance to various MVC portfolio companies and served as interim CFO of one of MVC's largest investments.

1 of 2

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs