Medley Management Inc. (NYSE:MDLY) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Medley Management Inc. (NYSE:MDLY) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01

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Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As expected by MDLY, on January 2, 2019, MDLY received a letter from NYSE Regulation indicating that the New York Stock Exchange LLC (the “NYSE”) has concluded that MDLY failed to hold an annual meeting for the fiscal year ended December 31, 2018 by December 31, 2018 as required by Section 302 of the NYSE Listed Company Manual.

As previously disclosed and as described above, the Mergers are expected to close during the first quarter of 2019. MDLY determined not to hold a 2018 Annual Meeting of Stockholders because of the scheduled Special Meeting of Stockholders and the anticipated closing of the Mergers in the first quarter of 2019.

The NYSE also notified MDLY that, on January 3, 2019, MDLY will be added to the list of noncompliant issuers on the NYSE website, and a below compliance (“.BC”) indicator will be added to MDLY’s ticker symbol.

About Medley Management Inc. (NYSE:MDLY)

Medley Management Inc. is an asset management firm offering yield solutions to retail and institutional investors. The Company operates in the investment management segment. It is focused on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States. The Company generally holds these loans to maturity. Its national direct origination franchise provides capital to the middle market in the United States. The Company has over $4.8 billion of assets under management (AUM) in approximately two business development companies (BDCs), Medley Capital Corporation (MCC) and Sierra Income Corporation (SIC), as well as private investment vehicles. It has over $5 billion of AUM. The Company provides capital to over 300 companies across approximately 35 industries in North America. The Company’s long-dated private funds include MOF I, MOF II and MOF III. Its private funds are managed through partnership structures

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