PURCHASE, N.Y., Oct. 4, 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 an agreement has been reached to sell U.S. Gas & Electric, Inc. ("USG&E" or the "Company"), MVC's largest portfolio holding, to United States Gas & Electric Holdings, Inc. ("US Holdings"), a holding company primarily owned by Mr. Louis Beck, Mr. Lance T. Shaner and members of the management of USG&E.
MVC Capital Reaches Agreement To Sell Its Investment In U.S. Gas & Electric
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