Le Lézard
Classified in: Business
Subject: ACC

Metage Capital Limited: MVC's Response Fails to Address any of the Substantive Issues and the Board Will not Tell Shareholders What it Considers an Acceptable Discount on MVC's Shares


LONDON, October 26, 2017 /PRNewswire/ --

MVC Capital Inc. (NYSE: MVC) referred to the recommendations of two third party independent proxy advisory firms in its October 25, 2017 press release. Metage notes the following:

Sadly the Company's announcements have failed to address any of the substantive issues facing MVC.

Only by backing Metage's proposal to return capital if the discount on MVC's shares is wider than 10% can shareholders have confidence that we will receive a proper return on our capital.

Metage encourages all MVC shareholders to vote their shares in favor of our shareholder proposal without delay to ensure that their vote is counted 

This is not a solicitation of authority to vote your proxy. The cost of this filing is being borne entirely by Metage.

PLEASE NOTE: METAGE IS NOT ASKING AND CANNOT ACCEPT YOUR PROXY CARD, PLEASE DO NOT SEND IT TO US.

--------------------------------------------------

1. Proposal 3 on MVC Capital's definitive proxy form; The definitive proxy can be found at http://www.mvccapital.com/sec.cfm under Date Filed: Sep 21, 2017; Filing: DEF 14A; Description: Definitive Proxy Statement or at http://www.sec.gov/edgar/searchedgar/companysearch.html under CIK 0001099941, MVC CAPITAL, INC.; on the same Filed/ Effective date.
2. ISS Proxy & Benchmark policy voting recommendation released on October 18th, 2017.

Tom Sharp
Metage Capital Limited
Email: [email protected]
Tel: +44(0)-203-813-8590

SOURCE Metage Capital Limited


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