The Board of Directors of Medley Capital Corporation announced that it has elect Jeff Tonkel to serve as a member of the Board effective as of March 7, 2014. Mr. Tonkel is a principal of the company's investment adviser, MCC Advisors LLC and is a partner of Medley LLC. In accordance with the bylaws of the company Mr. Tonkel will be a Class I Director of the company and his initial term as a director of the company will expire at the company's 2015 annual meeting of stockholders.

In addition, Mr. Tonkel serves as the President of Sierra Income Corporation and is a principal of its investment adviser, SIC Advisors LLC. Prior to his time with the Adviser and Medley LLC, Mr. Tonkel was a Managing Director with JP Morgan, where he was Chief Financial Officer of a global financing and markets business.