trending Market Intelligence /marketintelligence/en/news-insights/trending/YcmWAnsBBxCoXVp5ZVO7Xg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

NexPoint asks Medley Capital shareholders to elect 2 director nominees

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive


NexPoint asks Medley Capital shareholders to elect 2 director nominees

NexPoint Advisors LP advised Medley Capital Corp. shareholders to elect its independent director nominees, Mark Goglia and Stephen Mongillo, to Medley Capital's board at its June 4 annual meeting.

NexPoint Advisors said, if elected, the nominees will replace Seth Taube and Arthur Ainsberg on Medley's board, who were among the directors found guilty of violating their fiduciary duties by the Delaware Chancery Court with regards on the planned deal between Medley Capital, Sierra Income Corp. and Medley Management Inc. Goglia and Mongillo are unaffiliated with any members of the NexPoint Group.

David Lorber and Lowell Robinson were appointed to Medley Capital's board to fill the vacancies resulting from the resignations of Mark Lerdal and John Mack, and two additional independent directors were important to protect stockholder interests, NexPoint Advisors said.

NexPoint in April submitted an improvised bid to be Medley Capital's external investment adviser, which increased the payment to the latter's shareholders and the amount of common shares it will purchase. Marathon Asset Management LP has also made a separate bid to be Medley Capital's external investment adviser and also called the latter's shareholders to vote down the current deal.