X0202 4 2006-01-19 0 0001099941 MVC CAPITAL, INC. MVC 0001222911 HELLERMAN GERALD C/O MVC CAPITAL, INC. 287 BOWMAN AVENUE, 2D FLOOR PURCHASE NY 10577 1 0 0 0 Common Stock, $.01 par value 2006-01-19 4 P 0 800 11.15 A 20134 D Common Stock, $.01 par value 2006-01-20 4 P 0 1000 11.22 A 21134 D Includes 18 shares of common stock, $.01 par value ("Shares"), acquired on July 29, 2005 and 17 Shares acquired on October 31, 2005 pursuant to the MVC Capital, Inc.("MVC") dividend reinvestment plan, and 173 Shares acquired on July 29, 2005 and 176 Shares acquired on October 31, 2005 in connection with the reinvestment of cash proceeds received pursuant to the issuance of dividends by MVC. /s/ Gerald Hellerman 2006-01-23