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MDLQ - Medley Management: Six Ways To Play This Long Awaited Merger With Possible Gains Of Over 30%
Medley LLC 7.25% Notes due 2024
It's been over a year since the 8/9/2018 announcement that Medley Management (MDLY) and Medley Capital (MCC) were planning to merge with Sierra Income to form the 2nd largest internally managed Business Development Corporation. These are all related companies. MDLY now manages both MCC and Sierra Income as well as some private fund assets. The original merger plan hit some major obstacles. There were legal challenges, an MCC proxy war, regulatory delays and a continued decline in valuation for struggling MCC. MDLY hit a 52 week high of $5.74