UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
MVC Capital, Inc.
(Name of Issuer)
Common Stock, $0.01 Par Value Per Share
(Title of Class of Securities)
553829102
(CUSIP Number)
Fred M. Stone, Esq.
Millennium Partners, L.P.
666 Fifth Avenue, 8th Floor
New York, New York 10103
(212) 841-4100
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 3, 2005
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check the
following box |_|.
SCHEDULE 13D/A
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CUSIP No. 553829102
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Israel A. Englander
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
1,289,949**
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,289,949**
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,289,949**
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0% (calculated on the basis of 18,439,563 shares being outstanding as of
January 3, 2005, which amount was derived as follows: 12,293,042 shares
were reported outstanding on the Form 10-Q for the quarterly period ended
July 31, 2004 and MVC Capital, Inc.'s press release dated January 4, 2005
stated that 6,146,521 shares were issued pursuant to a rights offering on
January 3, 2005).
**See Item 2 below for a breakdown of share ownership.
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 Pages
Explanatory Note
This Amendment No. 1 amends the Statement on Schedule 13D (the "Schedule
13D") filed with the Securities and Exchange Commission on June 12, 2002 by
Millenco, L.P. The class of equity securities to which the Schedule 13D relates
is the common stock, par value $0.01 per share (the "Company Common Stock"), of
MVC Capital, Inc., a Delaware corporation (the "Company"), with its principal
executive offices located at 287 Bowman Avenue, 3rd Floor, Purchase, New York
10577. The following amendments to Items 2, 3, 4 and 5 of the Schedule 13D are
hereby made. Unless otherwise defined herein, all capitalized terms shall have
the meanings ascribed to them in the Schedule 13D.
Item 2. Identity and Background.
Item 2 of the Schedule 13D is hereby amended in its entirety to read as
follows:
This Schedule 13D/A is being filed by Israel A. Englander ("Mr.
Englander"), whose business address is at 666 Fifth Avenue, New York, New York
10103.
During the last five years, Mr. Englander has not been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) nor
has he been party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violations with respect to such laws.
The 1,289,949 shares of the Company Common Stock that Mr. Englander may be
deemed to beneficially own are held by Millenco, L.P. ("Millenco") (280,050
shares), Millennium Global Estate, L.P. ("Global Estate") (185,000 shares),
Millennium USA, L.P. ("USA") (444,771 shares), Millennium Partners, L.P.
("Partners") (10,128 shares) and Millennium International, Ltd.
("International") (370,000 shares). Mr. Englander is the managing member of
Millennium Management, L.L.C., which serves as the general partner of Millenco,
as the managing member of the general partner of Global Estate, as the general
partner of USA, and as the managing general partner of Partners. Mr. Englander
is also the managing member of Millennium International Management, L.L.C.,
which is the manager of International. The foregoing should not be construed in
and of itself as an admission by Mr. Englander as to beneficial ownership of the
shares. The business address for Millenco, Global Estate, USA, International,
Millennium Management, L.L.C. and Millennium International Management, L.L.C. is
666 Fifth Avenue, New York, New York 10103. The business address for Partners is
c/o Millennium Management, L.L.C., 666 Fifth Avenue, New York, New York 10103.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of Schedule 13D is hereby supplementally amended as follows:
Page 3 of 5 Pages
The amount of funds used to purchase the beneficially owned shares in the
transaction giving rise to this amendment was $1,528,081.10, excluding the cost
of the over-subscription for shares as described in Item 5(c) below. All of such
funds were from the investment capital of Millenco, Global Estate and
International.
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is hereby supplementally amended as follows:
The securities covered by this amendment were purchased for investment
pursuant to a rights offering.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended in its entirety to read as
follows:
(a) As of the date hereof, Mr. Englander may be deemed to beneficially own
1,289,949 shares of Company Common Stock, all of which are held by Millenco,
USA, Global Estate, Partners and International. Such shares represent in the
aggregate approximately 7.0% of the outstanding shares of Company Common Stock.
The calculation of the foregoing percentage is on the basis of a calculation of
18,439,563 shares outstanding as of January 3, 2005, derived as follows:
12,293,042 shares were reported outstanding on the Form 10-Q for the quarterly
period ended July 31, 2004 and the Company's press release dated January 4, 2005
stated that 6,146,521 shares were issued pursuant to a rights offering on
January 3, 2005. The foregoing should not be construed in and of itself as an
admission by Mr. Englander as to beneficial ownership of the shares.
(b) Mr. Englander may be deemed to hold the sole power to vote and to
dispose of the 1,289,949 shares of the Company Common Stock described in (a)
above. The foregoing should not be construed in and of itself as an admission by
Mr. Englander as to beneficial ownership of the shares.
(c) Transactions in Company Common Stock during the past 60 days:
Date: Qty Price
01/03/2005 167,921* $9.10
* Of the 167,921 shares of Company Common Stock purchased, 35,271 shares were
purchased by International, 39,300 shares were purchased by Global Estate and
93,350 shares were purchased by Millenco. The shares purchased on January 3,
2005 were purchased pursuant to a rights offering by the Company. This filing
does not include any amounts to be purchased in an over-subscription of the
rights offering because, as of the date of this filing, the Company has not
allocated shares from the over-subscription.
(d) Millenco, Global Estate, USA, Partners and International have the
right to receive dividends and proceeds from the sale of shares of Company
Common Stock.
Page 4 of 5 Pages
Millennium Management, L.L.C. and Millennium International Management, L.L.C.
have the right to direct the receipt of dividends from, or the proceeds from the
sale of shares of the Company Common Stock.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated:
January 12, 2005
/s/ Israel A. Englander
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Page 5 of 5 Pages