SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
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[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[X] Soliciting Material Pursuant to Section 240.14a-12
meVC DRAPER FISHER JURVETSON FUND I, INC.
(d/b/a MVC CAPITAL)
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(Name of Registrant as Specified In Its Charter)
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NEWS UPDATE
FEBRUARY 6, 2003
Today, your Company filed a lawsuit against Millennium Partners, L.P.,
Millenco, L.P., and Karpus Management, Inc. in the United States District Court
for the Southern District of New York. In our complaint, we allege that they
have conspired to commit numerous violations of federal securities law,
including:
pyramiding of stock ownership in mutual funds
material misrepresentations and omissions
fraudulent proxy solicitations
market manipulation
We believe that they have done this deliberately to achieve their own
self-interests at your expense.
We regret the need to spend the Fund's money for these lawsuits, but your
Board of Directors believes it is necessary to protect your investment over the
long-term.
ADDITIONAL INFORMATION FOR THE 2003 ANNUAL MEETING
As you have read in our proxy materials, your Board of Directors is
comprised of some of the most distinguished and successful leaders of American
business today. They believe in and promote the highest standards of corporate
governance.
We want to give you, the stockholders of MVC Capital, a clear choice in
determining the future of your Company. Even though we were required to run
three directors for re-election at the upcoming annual meeting, we decided to go
well beyond that and give you the ability to vote for the entire seven-person
board.
Many companies today have staggered boards, as do we, and in the interest of
the highest standards of corporate governance many companies are considering
changing to a non-staggered board. Your Board of Directors pledges to put this
issue up for a vote by all stockholders at next year's Annual Meeting.
IF YOU HAVE ANY QUESTIONS OR NEED HELP VOTING YOUR SHARES, PLEASE CALL:
[MACKENZIE LOGO]
105 Madison Avenue
New York, New York 10016
email: proxy@mackenziepartners.com
Call collect: (212) 929-5500
OR TOLL FREE: (800) 322-2885
Facsimile: (212) 929-0308
MVC CAPITAL: THE RIGHT STRATEGY....THE RIGHT TIME....THE RIGHT TEAM