Phenixfin Corporation · NASDAQ:PFX
Phenixfin — Medley Capital — Merger or Acquisition (February 2019)
6 slides from Phenixfin's merger presentation, February 2019
Slide 1: Announced Merger Plan Determined by the Special Committee and Board to be in the Best Interests of MCC Shareholders
Announced Merger Plan Determined by the Special Committee and Board to be in the Best Interests of MCC Shareholders February 2019
Slide 2: Important Notices
Important Notices This presentation contains “forward-looking” statements, including statements regarding the proposed transactions. Such forward-looking statements reflect current views with respect to future events and financial performance, and each of Sierra Income Corporation (“Sierra”), Medley
Slide 3: Important Notices
Important Notices Important Information and Where to Find It In connection with the proposed transactions, Sierra has filed with the SEC a Registration Statement on Form N-14 that includes a joint proxy statement of Sierra, MCC, and MDLY and, with respect to Sierra, constitutes a prospectus (collect
Slide 4: Announced Merger Plan Determined by Special Committee and Board to be in the Best Interests of MCC Shareholders
Announced Merger Plan Determined by the Special Committee and the Board of Directors to be in the Best Interests of Medley Capital Corporation (“MCC”) Shareholders ACCRETION – Combined Company1 expected to result in significant accretion to net investment income 1 (“NII”) for current MCC shareholder
Slide 5: Timeline of NexPoint's Proposal and Responses
Timeline of NexPoint’s Proposal and Responses The MCC Board and MCC Special Committee carefully reviewed the NexPoint Proposals and responded promptly. 24-Jan-2019: NexPoint sent the Special Committee of the Board of Directors of MCC an unsolicited letter in which it proposed to become MCC’s externa
Slide 6: NexPoint's Proposal is Misleading and Inaccurate
NexPoint’s Proposal is Misleading and Inaccurate Each component of NexPoint's claim that its proposal provides ~$225 million of net value is MISLEADING and INACCURATE Claim Evaluation Explanation $125 million - This $125 million is consideration for all of MDLY’s asset management platform, which has
Medley Capital — Merger or Acquisition (February 2019) on 6ix