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MVC Capital reports final results of modified Dutch auction tender offer

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MVC Capital reports final results of modified Dutch auction tender offer

MVC Capital Inc. has reported the final results of its modified Dutch auction tender offer.

The offer expired at 5 p.m. ET on Dec. 21. A total of 2,371,852 of the company's common shares were properly tendered and not properly withdrawn at or below the per-share purchase price of $10.90 through the offer.

MVC Capital plans to accept, on a pro rata basis, 2,293,577 of the properly tendered common shares, for an aggregate total cost of about $25.0 million, excluding fees and expenses.

The shares purchased are about 10.9% of the company's issued and outstanding common stock, as of Nov. 22.

Georgeson LLC was the information agent for the tender offer, and Computershare Trust Co. NA was the depositary.