The Company made four new investments and two follow-on investments during the quarter, committing total capital of approximately $20.8 million. The Fund's new investments were made into JSC Tekers Holdings, Teleguam Holdings, LLC, Prepaid Legal Services, Inc., and RuMe, Inc. Follow-on investments were made in NPWT Corporation and Harmony Health & Beauty, Inc. Also during the quarter, the Company's Board of Directors approved another share repurchase program authorizing up to $5.0 million in additional share repurchases."We are encouraged by our robust pipeline of investment opportunities and will continue to allocate capital in a disciplined manner based upon our cash resources,” said Michael Tokarz, Chairman and Portfolio Manager. "We continue to work with our portfolio companies to uncover potential exit opportunities while also assisting them in enhancing their underlying value. Although we saw reductions in our NAV from the prior quarter, we continue to believe in our portfolio over the long-term and are optimistic about the prospects that lie ahead.” As of July 31, 2011, the Company had 36 investments across 27 industries with approximately 71% of the fair values of those investments held domestically and approximately 29% held internationally. The portfolio breakdown between equity and yielding investments as of July 31, 2011, was 77.2% and 22.8% respectively. MVC-G About MVC Capital, Inc. MVC is a business development company traded on the New York Stock Exchange that provides long-term debt and equity investment capital to fund growth, acquisitions and recapitalizations of companies in a variety of industries. For additional information about MVC, please visit the MVC's website at www.mvccapital.com. For MVC's investor relations, please call 914-510-9400. All media inquiries should be directed to Nathaniel Garnick at 212-687-8080. Forward-Looking Statements The information contained in this press release contains forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements, and these factors are enumerated in the company's periodic filings with the Securities and Exchange Commission.