SeekingAlpha  Jul 28  Comment 
Benzinga  Jun 24  Comment 
MCG Capital Corporation (Nasdaq: MCGC) acknowledges receipt of an unsolicited letter dated June 23, 2015, from HC2 Holdings, Inc. (NYSE MKT: HCHC), further revising the terms of a proposed transaction previously submitted to the board of directors...
Benzinga  Jun 23  Comment 
HC2 Holdings, Inc. ("HC2") (NYSE MKT: HCHC) announced today that it has sent a letter to MCG Capital Corporation ("MCGC"), in response to MCGC's recent investor presentation, further modifying its proposed offer to purchase all of the outstanding...
Benzinga  Jun 22  Comment 
MCG Capital Corporation (Nasdaq: MCGC) announced today that its Board of Directors, after careful review of the proposals made by each of HC2 Holdings, Inc. and Accretive Capital Partners, LLC and consultation with its legal and financial...
newratings.com  Jun 16  Comment 
WASHINGTON (dpa-AFX) - MCG Capital Corporation (MCGC) acknowledged receipt of an unsolicited letter dated June 15, 2015, from HC2 Holdings, Inc. (HCHC), further revising the terms of a proposed transaction originally submitted to the board of MCGC...
Benzinga  Jun 15  Comment 
HC2 Holdings, Inc. ("HC2") (NYSE: HCHC) announced today that it has sent a letter to MCG Capital Corporation (NASDAQ: MCGC) addressing the statements made by MCG in its most recent investor presentation and has presented revised terms that should...


MCG Capital Corporation (MCGC) is a business development company that primarily provides capital to support the internal growth and corporate development initiatives of small- to medium-sized private companies in domestic growth industries such as media, communications, information services, and technology. Originally consisting of the media communications lending group of Signet Bank (which was acquired by First Union in November 1997 and later merged into Wachovia), MCG was bought by management and affiliates of Goldman Sachs in June 1998 and went public in December 2001.

MCG is a non-diversified, internally managed, closed-end investment company that has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (which means among other things that it is required to invest at least 70% of its assets in private or thinly-traded public U.S. companies). MCG has also elected to be treated as a regulated investment company (RIC) for federal income tax purposes, which requires it to pay out the vast majority of its earnings each year.

MCGC's strategy is to use its in-depth knowledge and expertise in particular sectors to identify attractive companies in which to invest, providing funding primarily in the form of senior secured commercial loans, and, to a lesser extent, subordinated debt and equity investments.


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