MCC News and Press, PhenixFIN Corp Com From 04/23/20

NEW YORK , April 23, 2020 /PRNewswire/ -- Medley Management Inc. (NYSE: MDLY) (the "Company") announced today that, on April 17, 2020 , the Company received written notice (the "Notice") from the New York Stock Exchange (the "NYSE") that the Company does not presently satisfy the NYSE's ...

NEW YORK, April 16, 2020 (GLOBE NEWSWIRE) -- Medley Capital Corporation (NYSE: MCC) (TASE: MCC) (the “Company”) announced today that, on April 10, 2020, the Company received written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”)...

T he market of superlatives continues. This past week the rally in risk assets was fueled by another big action by the Federal Reserve. The Fed is moving into the junk bond market and will be buying broadly junk credit. This goes well beyond Financial Crisis era QE, which stopped at Mortgag...

Investing in BDC Notes and Baby Bonds I often take advantage of market dislocation such as this to invest higher up in the capital structure of Business Development Companies ("BDCs") including investment-grade Notes and Baby Bonds. S&P Global Ratings recently assigned and affirmed BBB...

Focus of Article: The focus of this two-part article is a very detailed analysis comparing Ares Capital Corp. (ARCC) to some of the company's business development company ("BDC") peers (all sector peers I currently cover). I am writing this two-part article due to the continued requests that...

BDC Stock Price Declines Business Development Companies ("BDCs") got hammered this month along with other higher-yield credit-related investments for many of the reasons discussed below. It is important for investors to understand that BDCs are mostly retail-owned and many of the investo...

NEW YORK , March 27, 2020 /PRNewswire/ -- Medley Management Inc. (NYSE: MDLY) today reported its financial results for its fourth quarter and year ended December 31, 2019 . Summary Fee earning assets under management were $2.1 billion as of December 31, 2019 Total assets und...

NEW YORK, Feb. 10, 2020 (GLOBE NEWSWIRE) -- Medley Capital Corporation (NYSE: MCC) (TASE: MCC) (the “Company”) today announced financial results for the quarter ended December 31, 2019. First Quarter Highlights Net asset value (“NAV”) of $4.05 per share ...

The other day I covered business development companies in " BIZD: As High-Yield Credit Spreads Fall, BDCs Will Perform Well " that explained why I believe BDCs are a solid bet over the next few months and how the ETF BIZD is a decent way to make that bet. While I like BIZD, I believe that ...

Contributor Note: The information used in this article was as of January 23, 2020, and pricing has changed as I suggested that my subscribers sell or at least trim current positions of MRCC and wait for the company to report Q4 results (see dates below). The stock was headed down on the morn...