On September 18, 2018, West Family Investments, Inc. announced that it has engaged in discussions with the management team and members of the board of directors of the MVC Capital, Inc. regarding the composition of the Board and steps to address the Company’s share price discount to NAV. As a result of those discussions, West Family added that the Board has (i) nominated Scott Krase, a director candidate recommended by the West Family, for election as a director of the Company at the 2018 annual meeting of stockholders, (ii) approved the Company’s implementation of a $10 million stock repurchase program and (iii) directed the Company to pursue an additional $5 million in stock repurchases in the open market in 2019.