2013-02-15 22:12:59 -

New  York, NY (February 15, 2013) - Medley  Capital Corporation (NYSE: MCC) (the
"Company")  announced today  the results  of its  annual meeting of stockholders
(the "Annual Meeting") held February 12, 2013.

At  the meeting, Seth Taube and Arthur S. Ainsberg were elected to the Company's
Board  of Directors. Each director elected will serve a term that expires at the
Company's  2016 Annual Meeting or until his  successor is elected and qualified.
In  addition, the stockholders  ratified the selection  of Ernst &  Young LLP to
serve  as the  Company's independent  registered public  accounting firm for the
fiscal year ending September 30, 2013.

To permit additional time to solicit stockholder votes for the   third proposal
found in the Company's definitive proxy statement filed with the Securities and
Exchange Commission on January 14, 2013 (the "Proxy"), the proposal to authorize
the Company, with the approval of its board of directors, to sell shares of its
common stock at a price or prices below the Company's then current net asset
value per share in one or more offerings, subject to certain conditions as set
forth in the proxy statement (including, without limitation, that the number of
shares issued does not exceed 25% of the Company's then outstanding common
stock, at a price below, but no more than 20% below, its then current net asset
value), the Company's Annual Meeting was adjourned and scheduled to reconvene on
March 7, 2013 at 10:00 a.m. (Eastern Time). You will be able to virtually attend
the reconvened Annual Meeting, vote and submit your questions via live webcast
by visiting www.virtualshareholdermeeting.com/MCC2013. Prior to the reconvened
Annual Meeting, you will be able to vote electronically at www.proxyvote.com.
You will also be able to participate via telephone. The telephone number for
participation at the reconvened Annual Meeting is (877) 317-6789. Stockholders
who have not voted or wish to change their vote on the third proposal found in
the Proxy, are encouraged to do so promptly.

ABOUT MEDLEY CAPITAL CORPORATION
The Company is an externally-managed, non-diversified closed-end management
investment company that has filed an election to be treated as a business
development company under the Investment Company Act of 1940, as amended. The
Company's investment objective is to generate both current income and capital
appreciation, primarily through investments in privately negotiated debt and
equity securities of middle market companies. The Company is a direct lender
targeting private debt transactions ranging in size from $10 to $50 million to
borrowers principally located in North America. The Company's investment
activities are managed by its investment adviser, MCC Advisors LLC, which is an
investment adviser registered under the Investment Advisers Act of 1940, as
amended.

ABOUT MCC ADVISORS LLC
MCC Advisors LLC, an affiliate of Medley LLC ("Medley"), is a registered
investment adviser under the Investment Advisers Act of 1940, as amended. Medley
specializes in credit investing, including direct private lending and corporate
credit related strategies and provides first lien, second lien and unitranche
term loans to lower middle-market and middle-market companies with an investment
size between $7-50 million. Medley will support acquisition and growth
financings, leveraged buyouts, management buyouts, bank debt restructurings,
CAPEX, Chapter 11 exit financing and DIP financing. Medley is headquartered in
New York with offices in San Francisco.

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. The Company undertakes no duty to
update any forward-looking statement made herein. All forward-looking statements
speak only as of the date of this press release.


SOURCE: Medley Capital Corporation
Contact:
Richard T. Allorto
212-759-0777



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Source: Medley Capital Corporation via Thomson Reuters ONE
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