MCG Capital Announces Final Results Of Its Tender Offer

MCG Capital Corporation MCGC ("MCG" or the "Company") today announced the final results of its modified "Dutch Auction" tender offer, which expired at 5:00 p.m., New York City time, on Wednesday, December 3, 2014. Based on the final count by the depositary for the tender offer, MCG accepted for payment an aggregate of 4,859,744 shares of its common stock, $0.01 par value per share, at a purchase price of $3.75 per share for an aggregate purchase price of $18.2 million. These shares represent approximately 11.2 percent of the shares issued and outstanding as of November 3, 2014, the date of commencement of the tender offer. The depositary will promptly pay for the shares accepted for purchase. The tender offer was made pursuant to an Offer to Purchase dated November 3, 2014 and the related Letter of Transmittal, by which the Company offered to purchase up to $75.0 million of its common stock at a price per share not less than $3.25 and not greater than $3.75. MCG expects to reinstate the open market share repurchase program it initiated in August 2014, which was suspended while the tender offer was outstanding. Under applicable securities laws, however, MCG may not repurchase any shares until December 18, 2014. Including the shares repurchased in the tender offer, MCG has repurchased over 31 million shares during 2014 for over $117 million. Merrill Lynch, Pierce, Fenner & Smith Incorporated is MCG's dealer manager for the tender offer. The information agent for the tender offer is MacKenzie Partners, Inc. and the depositary for the tender offer is American Stock Transfer & Trust Company, LLC. Any questions with regard to the tender offer may be directed to the information agent toll-free at (800) 322-2885. Further information about the Company is available at www.mcgcapital.com.