MVC Capital Provides Update on Filing of Its Financial Statements; NYSE Grants Additional Six Month Extension

PURCHASE, N.Y., July 30, 2015 (GLOBE NEWSWIRE) -- MVC Capital, Inc. MVC ("MVC" or the "Company"), a publicly traded business development company that makes private debt and equity investments, today provided an update on the status of its Form 10-K for fiscal year 2014 and Form 10-Qs for fiscal 2015 to date.

MVC expects that it will be unable to complete and file its fiscal year 2014 10-K within the anticipated timeline of July 31, 2015. The 2015 Form 10-Q's are expected to be filed as promptly as practicable after the filing of the 2014 Annual Report. The Company is working diligently with its existing auditors to complete this process as quickly as possible.

Additionally, the New York Stock Exchange has informed the Company that it has granted the Company an additional extension of up to six months, to January 30, 2016, to file its 2014 Annual Report on Form 10-K with the SEC.

About MVC Capital, Inc.                                              

MVC is a business development company traded on the New York Stock Exchange that provides long-term debt and equity investment capital to fund growth, acquisitions and recapitalizations of companies in a variety of industries. For additional information about MVC, please visit MVC's website at www.mvccapital.com.

Forward Looking Statements

The information contained in this press release contains forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements, including: the timing of the filing of the 2014 Annual Report on Form 10-K as well as the interim reports on Form 10-Q for the periods ending 1/31/15 and 4/30/15; the actual financial results to be contained in the reports; and changes in economic or financial market conditions and other factors that are enumerated in the Company's periodic filings with the Securities and Exchange Commission. MVC Capital disclaims and does not undertake any obligation to update or revise any forward-looking statement in this report.