MCG Capital Corp.
1100 Wilson Blvd., Suite 3000
Arlington, Va. 22209
www.mcgcapital.com Year founded: 1998 Industry: Financial services Revenue: $80.69 Million Net Income/Loss: $41.98 Million Earnings per share: $1.28 Dividend: $1.65 Stockholder equity: $463.95 Million Auditor: Ernst & Young LLP Stock: MCGC Assets: $790.92 Million Market capitalization: $707.26 Million 52-week high: 21.49 1/28/2004 52-week low: 9.93 4/16/2003 CEO: Bryan J. Mitchell President and COO: Steven F. Tunney Employees: 53 Local employees: 46 Description: MCG Capital provides financing and advice to companies that typically have $10 million to $150 million in revenue and appear to have growth potential. It owns stakes in companies in the communications, media, technology and information services sectors. Developments: MCG Capital raised $116 million through a public stock offering at a price of $15.50 per share in the third quarter of 2003. It put those funds to work quickly, investing $115.8 million in eight companies in the last several months of the year. During the first half of the year the company focused heavily on restructuring investments already in its portfolio but did not add any new companies. MCG recently established a $200 million borrowing agreement with UBS AG that enables it to borrow up to that amount. As a closed-end investment company, MCG is required to pay out at least 90 percent of its taxable income to shareholders through dividends to avoid income taxes at the corporate level. During 2003, it declared $1.65 per share in dividends.
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