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Closed End Fund Debt
The closed-end fund with a ticker symbol of MVT refers to the MVC Capital, Inc. It is a publicly traded company listed on the New York Stock Exchange (NYSE).
MVC Capital, Inc. is a business development company(BDC) that specializes in providing long-term debt and equity investment services to middle-market companies in the United States. Here are some key details regarding its earnings, growth, and other relevant information:
Earnings:
* MVC Capital' VT's' 'second quarter 2022 net investment income was $ 4.6 million or $ 0.17 per share, according to the company's most recent earnings report.
*The company's net asset value (NAV) rose from $ 310.8 million to $ 317.6 million, or $ 11.47 per share, at the end of June 2022, compared to $ 303.2 million, or $ 11.08 per share, at March 31, 2022.
Growth:
*In the second quarter of 2022, MVC Capital, Inc 'VT' invested $ 93.3 million in three new portfolio companies.
* Also, during the quarter, the Company had $ 64.5 million in principal repayments and sales of securities resulting in net growth of $ 28.8 million portfolio investments, resulting in a net investment portfolio of $ 369.8 million as of June 2022.
Other Information:
* The company's primary investment objective is to maximize its portfolio's total return.
*MVC Capital employs a bottom-up investment approach when investing in debt and equity instruments.
*MVC Capital, Inc is headquartered in Purchase, New York, United States.
In summary, for the second quarter of 2022, MVC Capital, Inc. saw growth in its portfolio and net assets, with a primary focus on providing long-term debt and equity investment services to middle-market companies. Its most recent net investment income was $ 4.6 million, with principal investments of $93.3 million in three new portfolio firms.