Rick. Thanks,
reconvene transaction would on a March the and I recent February to highlight meeting calendar plan. a we expect and we vote portfolio obviously briefly in to to unable hold few to you merger the in of on stated the merger. key recently work on sure X the of at like the announced the our light close hard QX. the scheduled press many on transaction saw government special were shareholders, meeting our X, benefits shutdown. of that of we merger I'm been meeting as to continue we've of adjournment the The investment quarter of release This on announcing is and of XXXX,
per net in That's significant. significant earnings. First, to investment to shareholders. accretion to The expected combination MCC is income share for result accretion
expected after share dividends. share forma a per per increase from current for the share pro exchange. $X.XX for MCC now dividend to basis $X.XX increased the shareholder to per On the is Second, accounting
the shareholder comparable MCC per dividend Now that's a for increase share XXX% today. in each
balance a stronger Third, sheet.
that lower the will credit time with merger believe transaction do the less will and better stronger over more a which enhanced Fourth, relative for I balance result loans. combined expect balance And a we non-accruing liquidity in these positives lower diversified for costs. to think in We result We exposure result shareholders. balance entity. ratings believe sheet versus financing the suggest standalone sheet will MCC meaningfully risk sheet in as
a with liquidity and significantly total in corresponding subsidiary. entity believe larger Now as NII potential trade NAV expected potential a increased channels. peers internally our Look benefit valuation expected new well from time. from capital over Medley’s to the for point scale NII all growth subsidiary. and platform retail business the stock existing a of at growth and that of the It's internalization we substantially and six think combined combined asset as the combination premium is entity existing distributions is outstanding, and is of operate management that for provides really and The wholly-owned for for to institutional continued to have our BDC the over the reasons a to add as come Fifth and distribution over a asset to NII compelling would diversification the managed in increased with which time, growth time. grow premium combined of the potential management asset greater is NAV the The manager line is valuation. one which shares summary I there's we product market at combination the of and have And will we base equity shareholders. important ability
Corporation. Upon surviving at with one, ticker be internally versus of looked ninth the and publicly demonstrated the that's period. year York New on expected the made closing Now, trade the closing, internally managed carefully group ticker it's Sierra will SRA, at market. premium symbol we’ve peers. has and the Sierra a BDC this Exchange. over York Income three symbol entity as listed managed five BDC trade the consistent and the want public as traded to New externally premium managed simultaneous be that of largest that'll be in Exchange Stock and I SRA, just much second BDC peer the And It's The Stock reiterate to new and merger, will on largest valuation under the XX%
specific receive mergers, December merits encourage support. of for the We disclosure to questions, the For have that to any you made continue line been institutional of we feel And all positive SEC free subsequent to-date if we very robust, operator, open And the the do announced was We about to company or the questions. obviously read continued proxy XXst with while you from the merger thank Sam the filings a do have call description Anderson directly. filed can in feedback you by number we've the retail your statement investors a and for myself proxy statement on of now and plan. complete proposed that the XXXX. of
