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mvccapital.com

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Investments

43

Portfolio Exits

18

Service Providers

1

About MVC Capital

MVC Capital (NYSE: MVC) provides long-term debt and equity investment capital to fund growth, acquisitions, and recapitalizations of companies in a variety of industries.

MVC Capital Headquarter Location

287 Bowman Avenue 2nd Floor

Purchase, New York, 10577,

United States

914-701-0310d

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Latest MVC Capital News

Equus Reports Fourth Quarter Results

Apr 1, 2021

Equus Reports Fourth Quarter Results Dispositions Key to Success of Acquisition Strategy Author: Mar 31, 2021 8:14 PM EDT HOUSTON, March 31, 2021 (GLOBE NEWSWIRE) -- Equus Total Return, Inc. ( EQS ) - Get Report (the "Fund" or "Equus") reports net assets as of December 31, 2020, of $33.8 million, a decrease of approximately $3.6 million since September 30, 2020. Net asset value per share decreased to $2.50 as of December 31, 2020 from $2.77 as of September 30, 2020. During the fourth quarter, the fair value of Equus Energy, LLC, increased from $5.5 million to $7.0 million. This increase was a result of significant price increases for crude and natural gas during the quarter, as well as comparable transactions in regions where Equus Energy holds its working interests. The Fund received advice and assistance from a third-party valuation firm to support its determination of the fair value of this investment. Equus also disposed or liquidated investments in the following portfolio companies during the fourth quarter of 2020, generating approximately $24.0 million in cash proceeds, with additional payments expected later in 2021 as follows: Sale of PalletOne Shares. On December 28, 2020, the Fund announced that UFP Industries, Inc. had closed on its agreement to acquire 100% of the equity of PalletOne, Inc., which included the Fund's shareholding in the company. On January 4, 2021, the Fund announced that it had received an initial payment of $18.2 million in connection with the acquisition. As of December 31, 2020, the Fund estimated that it would receive an additional $3.4 million in remaining payments from the sale, which is based upon potential tax refunds and a number of post-closing adjustments relating to changes in working capital and various other balance sheet items of PalletOne. The Fund received approximately $2.5 million of this amount on March 31, 2021. The remainder is expected to be received in the second quarter of 2021. Sale of MVC Shares. During the fourth quarter of 2020, Equus sold 583,057 shares of MVC Capital, Inc. common stock, constituting all of the Fund's shareholding in MVC, for cash proceeds of approximately $4.6 million. Settlement/Repayment of Note from 5 th Element Tracking. On December 15, 2020, the Fund received $1.2 million in cash as part of a settlement and repayment in connection with a promissory note issued to the Fund by 5 th Element Tracking, LLC. The Fund developed a strategy to aggressively pursue a transformative transaction that would result in Equus becoming an operating company instead of a closed-end business development company governed by the Investment Company Act of 1940. Key to this strategy was the disposal of the Fund's legacy investments, some of which had been held for twenty years. With the exception of Equus Energy, LLC, this task was accomplished in 2020. On January 20, 2021, the Fund received authorization from a majority of its shareholders to continue this strategy. About Equus The Fund is presently a business development company that trades as a closed-end fund on the New York Stock Exchange under the symbol "EQS". Additional information on the Fund may be obtained from the Fund's website at www.equuscap.com. This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Fund's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the performance of the Fund, including our ability to achieve our expected financial and business objectives, and the other risks and uncertainties described in the Fund's filings with the SEC. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Except as required by law, the Fund undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Fund or any other person that the events or circumstances described in such statements are material. Contact:

MVC Capital Investments

43 Investments

MVC Capital has made 43 investments. Their latest investment was in Custom Alloy Corporation as part of their Debt on January 1, 2015.

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MVC Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/5/2015

Debt

Custom Alloy Corporation

$23M

Yes

2

1/6/2014

Debt

Morey's Seafood International

$7M

Yes

1

4/2/2013

Debt

Summit Research Labs

$22M

Yes

1

6/10/2012

Series A

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$99M

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10

5/30/2012

Private Equity

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$99M

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10

Date

1/5/2015

1/6/2014

4/2/2013

6/10/2012

5/30/2012

Round

Debt

Debt

Debt

Series A

Private Equity

Company

Custom Alloy Corporation

Morey's Seafood International

Summit Research Labs

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Amount

$23M

$7M

$22M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

1

10

10

MVC Capital Portfolio Exits

18 Portfolio Exits

MVC Capital has 18 portfolio exits. Their latest portfolio exit was Morey's Seafood International on February 10, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/10/2020

Acquired

1

11/1/2019

Acquired

1

10/30/2018

Acquired

3

00/00/0000

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10

00/00/0000

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$991

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10

Date

2/10/2020

11/1/2019

10/30/2018

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

1

1

3

10

10

MVC Capital Acquisitions

4 Acquisitions

MVC Capital acquired 4 companies. Their latest acquisition was AccuMED Innovative Technologies on October 22, 2014.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/22/2014

Acq - Fin

Acq - Fin

1

8/1/2006

Acquired

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$99M

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10

9/15/2004

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$99M

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10

5/20/2004

Acquired

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$99M

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10

Date

10/22/2014

8/1/2006

9/15/2004

5/20/2004

Investment Stage

Acq - Fin

Acquired

Acquired

Companies

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Valuation

Total Funding

$99M

$99M

$99M

Note

Acq - Fin

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Sources

1

10

10

10

MVC Capital Service Providers

1 Service Provider

MVC Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - P2P

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acq - P2P

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

MVC Capital Team

2 Team Members

MVC Capital has 2 team members, including current Executive Vice President, Nino Marakovic.

Name

Work History

Title

Status

Nino Marakovic

Robertson Stephens Partners, Goldman Sachs, and Morgan Stanley

Executive Vice President

Current

Chris Sullivan

Managing Director

Former

Name

Nino Marakovic

Chris Sullivan

Work History

Robertson Stephens Partners, Goldman Sachs, and Morgan Stanley

Title

Executive Vice President

Managing Director

Status

Current

Former

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