MCG Capital Corporation (Nasdaq: MCGC) (“MCG”) announced today that it will report third quarter 2011 financial results and will discuss MCG’s business outlook on Thursday, November 3, 2011. MCG invites all interested persons to participate on its conference call at 10:00 a.m., Eastern Time. The dial-in number for the call is 877-878-2269. International callers should dial 847-829-0062. Please dial in at least five minutes prior to the call to register. The call and investor presentation may also be accessed via an audio webcast available on the MCG website at http://investor.mcgcapital.com. Click on the November 3, 2011 Conference Call link to access the call. MCG plans to release its third quarter 2011 financial results in advance of the call.

A recording of the call will be available through November 17, 2011. The replay dial-in is 855-859-2056. International callers should dial 404-537-3406. The replay conference ID is 24220286. The replay will also be available via MCG’s website.

Conference Call:
      November 3, 2011 at 10:00 a.m., Eastern Time

Dial-in Number:
877-878-2269 domestic; 847-829-0062 international

Live Webcast/Replay:

http://investor.mcgcapital.com

Call Replay:
855-859-2056 domestic; 404-537-3406 international

Replay Conference ID:
24220286

About MCG Capital Corporation

MCG Capital Corporation is a solutions-focused commercial finance company providing capital and advisory services to middle-market companies throughout the United States. Our investment objective is to achieve current income and capital gains. Our capital is generally used by our portfolio companies to finance acquisitions, recapitalizations, buyouts, organic growth and working capital. For more information, please visit www.mcgcapital.com.

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