Article: MVC Capital Announces Second Quarter Fiscal 2005 Results and Other Activity.

PURCHASE, N.Y. -- MVC Capital (NYSE: MVC) today announced financial results for the second quarter of fiscal 2005, which ended April 30, 2005. MVC Capital is a publicly traded business development company that makes private debt and equity investments.

As indicated in the Fund's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on June 8, 2005, net investment income for the three months ended April 30, 2005, was $821,768, compared to a loss of $497,638, for the three months ended April 30, 2004. In addition, the Fund recorded $3,538,282 in net realized and unrealized capital gains, compared to $1,602,059 for the same quarter last ...

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