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Brantley Capital Corporation
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FOR IMMEDIATE RELEASE
BRANTLEY CAPITAL CORPORATION ANNOUNCES PRELIMINARY RESULTS OF
STOCKHOLDER MEETING; COMPANYS DIRECTOR NOMINEES REELECTED;
DISSIDENT STOCKHOLDER PROPOSALS NOT APPROVED
CLEVELAND, September 20, 2002 Brantley Capital Corporation (Nasdaq: BBDC) today announced the preliminary vote count from the Companys Annual Meeting of Stockholders held on September 17, 2002.
The preliminary vote tally provided by the independent inspector of election, IVS Associates, Inc., indicates that the Companys two nominees, James P. Oliver and Benjamin F. Bryan, were reelected as directors and two stockholder proposals submitted by dissident shareholder Phillip Goldstein were not approved. Stockholders also ratified the election of KPMG LLP as the Companys independent public accountants. These results are preliminary pending final certification by the independent inspector of elections.
Robert P. Pinkas, Chairman and Chief Executive Officer of Brantley Capital, said, We are pleased with the preliminary results. Brantleys management and Board remain committed to reducing the discount between the Companys stock price and its net asset value and we are actively pursuing a business plan we are confident will enhance value for all stockholders.
FORWARD-LOOKING STATEMENTS The information contained in this press release contains forward-looking statements. These forward-looking statements are subject to inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements, and these factors are enumerated in the companys periodic filings with the Securities and Exchange Commission.
About Brantley Capital Corporation Brantley Capital Corporation is a publicly traded business development company primarily providing equity and long-term debt financing to small and medium-sized private companies throughout the United States. The Companys investment objective is to achieve long-term capital appreciation in the value of its investments and to provide current income primarily from interest, dividends and fees paid by its portfolio companies. For further information, please visit the Companys website at http://www.BrantleyCapital.com.
|Brantley Capital Corporation||Joele Frank, Wilkinson Brimmer Katcher|
|Tab Keplinger||Matthew Sherman|
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