NEW YORK, Oct. 12, 2020 /PRNewswire/ -- Medley
Management Inc. (NYSE: MDLY, MDLX and MDLQ) (the "Company") is
issuing this press release in light of unusual trading activity
related to the common shares of the Company. While the Company does
not normally comment on market activity, the Company confirms that
it is not aware of any undisclosed material change in the business,
operations or affairs of the Company that would account for the
recent increase in trading activity, and related increase in
trading price.
Investor Contact:
Sam Anderson
Head of Capital Markets & Risk Management
Medley Management Inc.
212-759-0777
Media Contact:
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co. LP
212-257-4170
About Medley
Medley is an alternative asset management firm offering yield
solutions to retail and institutional investors. Medley's national
direct origination franchise is a premier provider of capital to
the middle market in the U.S. Medley has $3.6 billion of
assets under management in two business development companies,
Medley Capital Corporation (NYSE: MCC) and Sierra Income
Corporation, and several private investment vehicles. Over the past
18 years, Medley has provided capital to over 400 companies across
35 industries in North America.(1)
Medley LLC, the operating company of Medley Management Inc., has
outstanding bonds which trade on the NYSE under the symbols (NYSE:
MDLX) and (NYSE: MDLQ). Medley Capital Corporation is listed on the
New York Stock Exchange (NYSE: MCC) and has outstanding bonds which
trade on the New York Stock Exchange under the symbols (NYSE: MCV)
and (NYSE: MCX).
Forward-Looking Statements
Statements included herein may contain "forward-looking
statements." Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of assumptions, risks and uncertainties, which
change over time. Actual results may differ materially from those
anticipated in any forward-looking statements as a result of a
number of factors, including those described from time to time in
filings by the Company with the Securities and Exchange Commission,
including those described in the section "Risk Factors" in the
Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2019. Except as required
by law, the Company undertakes no duty to update any
forward-looking statement made herein. All forward-looking
statements made herein speak only as of the date of this press
release.
(1) Medley Management Inc. is the parent
company of Medley LLC and several registered investment advisors
(collectively, "Medley"). Assets under management refers to assets
of our funds, which represents the sum of the net asset value of
such funds, the drawn and undrawn debt (at the fund level,
including amounts subject to restrictions) and uncalled committed
capital (including commitments to funds that have yet to commence
their investment periods). Assets under management are as of
June 30, 2020.
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SOURCE Medley Management Inc.