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Article: MVC Capital Announces Profitable Results for the 2004 Fiscal Year.
- Article from:
- Business Wire
- Article date:
- January 24, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PURCHASE, N.Y. -- MVC Capital, Inc. (NYSE:MVC) today announced that the Fund has reported a profitable fiscal year ended October 31, 2004.
As indicated in the Fund's Form 10-K recently filed with the SEC, net investment income for the fiscal year ended 2004 was $18,467, as compared to a loss of $8,491,558 for the fiscal year ended October 31, 2003. Additionally, the Fund recorded $11,587,064 in net unrealized capital gains for the 2004 fiscal year, compared to $46,991,840 in net unrealized capital losses for fiscal 2003.
During the 2004 fiscal year, the Fund committed a total of $55,710,000 to investments in seven companies, including Vestal ...