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MVC Capital sels portfolio to the Corporate Executive Board

MVC Capital (MVC) announced the closing of the sale of SHL Group, a MVC portfolio company, to The Corporate Executive Board (EXBD). With the closing of the transaction, the Fund received gross proceeds of approximately $15.3M, posting an approximate 2.5x return on invested cash. The $15.3M includes all transaction expenses and approximately $225,000 held in escrow. The Fund anticipates utilizing a portion of its capital losses to offset this capital gain.