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2019 Annual Report and Form 10K

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Medley Capital Corporation is a closed-end, externally managed business development company (“BDC”) that trades on the New York Stock Exchange (NYSE: MCC). Medley Capital Corporation’s investment objective is to generate current income and capital appreciation by lending to privately-held middle market companies, primarily through directly originated transactions, to help these companies expand their businesses, refinance and make acquisitions. Their portfolio generally consists of senior secured first lien loans and senior secured second lien loans. In many of their investments, they receive warrants or other equity participation features, which they believe will increase the total investment returns.