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MVC Capital: Fiscal 2Q Earnings Snapshot

June 10, 2019

PURCHASE, N.Y. (AP) _ MVC Capital Inc. (MVC) on Monday reported fiscal second-quarter net income of $16 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Purchase, New York-based company said it had net income of 90 cents. Earnings, adjusted for investment gains, came to 24 cents per share.

The business development company posted revenue of $8.6 million in the period.

MVC Capital shares have risen almost 9% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.93, a decrease of 12% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MVC at https://www.zacks.com/ap/MVC

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