New  York, NY (February 22, 2012) - Medley Capital Corporation (the "Company" or
"Medley")  (NYSE:  MCC)  announced  today  the  results of its annual meeting of
stockholders (the "Annual Meeting") held February 17, 2012.

At  the meeting,  Andrew Fentress  and Richard  A. Dorfman  were elected  to the
Company''s  Board  of  Directors.  Each  director  elected will serve a term that
expires  at the Company''s 2015 Annual Meeting and until his successor is elected
and  qualified. Mr. Dorfman will serve as an independent director of the Company
and   will  also  serve  on  the  Company''s  Audit  Committee  and  Compensation
Committee.   In addition,  the stockholders  ratified the  selection of  Ernst &
Young  LLP to  serve as  the Company''s  independent registered public accounting
firm  for the year September 30, 2012.  Stockholders also approved a proposal to
authorize  the Company, with the approval of  the Board of Directors and subject
to  certain other conditions, to issue  securities to, subscribe to, convert to,
or purchase shares of the Company''s common stock in one or more offerings.

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  3, 2012 (the  "Proxy"),  the Company''s Annual
Meeting  was adjourned and scheduled to reconvene on March 9, 2012 at 10:00 a.m.
(Eastern  Standard Time) via  telephone participation. The  telephone number for
participation at the Annual Meeting is 1-866-524-3159.

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.

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 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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