Broadview is a leading competitive communications and IT solutions provider to small and medium sized businesses and enterprise customers in markets across 10 states throughout the Northeast and Mid-Atlantic United States. Broadview plans to continue to operate its business and manage its affairs as debtor-in-possession under the jurisdiction of the Bankruptcy Court.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. Forward-looking Statements: Statements in this press release regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or prospects, including the estimated value of MCG’s investment in Broadview, may constitute forward-looking statements for purposes of the safe harbor protection under applicable securities laws. Forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “could increase the likelihood,” “estimate,” “expect,” “intend,” “is planned,” “may,” “should,” “will,” “will enable,” “would be expected,” “look forward,” “may provide,” “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including the risk that the planned restructuring is not consummated on the contemplated terms or at all, the risk of additional liability related to the restructuring or MCG’s investment in Broadview, and those risks, uncertainties and factors referred to in MCG’s Annual Report on Form 10-K for the year ended December 31, 2011 filed with the Securities and Exchange Commission under the section “Risk Factors,” as well as other documents that may be filed by MCG from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. MCG is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.