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Article: MVC Capital Announces Record Earnings and Strong Growth for Its 2005 Fiscal Year.
- Article from:
- Business Wire
- Article date:
- January 4, 2006
CopyrightCOPYRIGHT 2006 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) announced today that the Fund reported record profitability for its fiscal year ended October 31, 2005, representing the Fund's sixth consecutive quarter of profitability.
For fiscal 2005, the Fund earned approximately $9.5 million in interest and dividend income and approximately $2.7 million in fee and other income, representing an increase of approximately $8.2 million or 206% in total revenues as compared to fiscal 2004. In addition to achieving strong revenue growth, the Fund was able to effectively manage expenses, which contributed to net operating income of approximately $5.8 million, an increase from $18,467 ...