p10-1528form8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported)
July 31,
2010
814-00201
(Commission
File Number)
MVC
CAPITAL, INC.
(the
"Fund")
(Exact
name of registrant as specified in its charter)
DELAWARE,
943346760
(Jurisdiction
of Incorporation) (IRS Employer Identification Number)
Riverview
at Purchase
287
Bowman Avenue
2nd
Floor
Purchase,
NY 10577
(Address
of registrant's principal executive office)
(914)
701-0310
(Registrant's
telephone number)
_______________________________________
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
ITEM
8.01. OTHER EVENTS.
As part
of its regular quarter-end review, the Fund's Valuation Committee made
determinations regarding the fair values of the Fund's investments, resulting in
an aggregate net decrease of approximately $18 million or $.75 per share,
effective July 31, 2010. The fair values of the following portfolio companies
were adjusted: BP Clothing, LLC, GDC Acquisitions, LLC, MVC
Automotive Group B.V., Ohio Medical Corporation, Previsor, Inc., and Security
Holdings, B.V.
Consistent
with the Fund’s valuation procedures and ASC 820 (formerly FAS 157), the
Valuation Committee took into account many factors, including the performance of
its portfolio companies, as well as the impact of changes in market multiples
within certain sectors and fluctuations in currency valuations.
The
Fund’s net asset value as of July 31, 2010 is approximately $17.35 per
share.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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MVC
CAPITAL, INC.
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By:
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/s/
Michael Tokarz
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Michael
Tokarz
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Chairman
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Dated
August 2, 2010