Le Lézard
Classified in: Business
Subjects: TNM, SHA

Moab Partners Opposes Medley Capital's Ill-Advised Proposed Merger In Open Letter To Shareholders


NEW YORK, Dec. 19, 2018 /PRNewswire/ -- Moab Capital Partners, LLC ("Moab"), a significant shareholder of Medley Capital Corp. ("MCC" or, the "Company") (NYSE: MCC), with ownership of approximately 3% of MCC's outstanding shares, announced today that it has delivered an open letter to the shareholders of MCC urging them to vote against the Company's proposed transaction with Sierra Income Corp. and Medley Management Inc., both related parties of the Company's external manager.  

The full text of the letter follows:

https://mma.prnewswire.com/media/800361/Moab_Letter_to_MCC_Shareholders__revised__ID_7de1a0201413.pdf

About Moab Capital Partners, LLC

Moab is an SEC-registered independent investment advisor founded in 2006 and is located in New York, NY.

Investor contact:
Michael Rothenberg 
Managing Member
Moab Capital Partners, LLC
212-981-2647
[email protected]

Written materials are submitted voluntarily pursuant to Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934. This is not a solicitation of authority to vote your proxy.  Moab is not asking for your proxy card and will not accept proxy cards if sent.  The cost of this filing is being borne entirely by Moab and its affiliates.

PLEASE NOTE: Moab is not asking for your proxy card and cannot accept your proxy card. Please DO NOT send us your proxy card.

SOURCE Moab Capital Partners, LLC


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