NEW YORK, Jan. 25, 2017 (GLOBE NEWSWIRE) -- Medley Management Inc. (“Medley”) (NYSE:MDLY), a credit-focused asset
management firm, announced that the $34,500,000 in aggregate principal amount of 7.25% notes due 2024 issued by Medley LLC, its
operating company, began trading today on the New York Stock Exchange under the trading symbol “MDLQ.”
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of,
the notes referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
ABOUT MEDLEY
Medley is a credit-focused asset management firm offering yield solutions to retail and institutional investors. Medley's
national direct origination franchise, with over 85 people, is a premier provider of capital to the middle market in the U.S. As of
December 31, 2016, Medley had in excess of $5.3 billion of assets under management in two business development
companies, Medley Capital Corporation (NYSE:MCC) and Sierra Income Corporation, as well as private investment vehicles.
Over the past 14 years, we have provided in excess of $6 billion of capital to over 350 companies across 35 industries
in North America.
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 (NYSE:MCC) has outstanding bonds which trade on the NYSE under the symbols
(NYSE:MCQ), (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 Medley and Medley LLC with the Securities and Exchange Commission. Except as required by law, Medley and Medley LLC
undertake no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of
this press release.
Investor Relations Contact:
Sam Anderson
212-759-0777
Head of Capital Markets & Risk Management
Medley Management Inc.
Medley LLC
Media Contact:
Liz Bruce
212-498-9197
Fitzroy Communications