ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On September 27, 2012, the Board of Directors (the "Board") of MVC Capital, Inc., on the recommendation of the Nominating/Corporate Governance/Strategy Committee of the Board, appointed Phillip Goldstein as an Independent Director, effective immediately.

A copy of the press release announcing Mr. Goldstein's appointment is included as exhibit 99.1 of this report.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit 99.1. Press release dated September 28, 2012.

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