Item 8.01 Other Events.

As previously disclosed, on June 12, 2020, the board of directors (the "Board") of Medley Capital Corporation (the "Company"), including its special committee (the "Special Committee"), approved an expense support agreement (the "Expense Support Agreement") under which MCC Advisors LLC ("MCC Advisors") and Medley LLC agreed (jointly and severally) to cap the management fee and all of the Company's other operating expenses (except interest expenses, certain extraordinary strategic transaction expenses, and other expenses approved by the Special Committee at $667,000 per month) (the "Cap"). Under the Expense Support Agreement, the Cap was in effect from June 1, 2020 through September 30, 2020. In connection with the Expense Support Agreement, the Board, including all of its independent directors, extended the term of the amended and restated investment management agreement between the Company and MCC Advisors (the "Investment Management Agreement") and the administration agreement between the Company and MCC Advisors (the "Administration Agreement") through the quarter ended September 30, 2020.

On September 29, 2020, the Board, including all of the independent directors, extended the term of each of the Expense Support Agreement, the Investment Management Agreement, and the Administration Agreement through the end of the quarter ending December 31, 2020.

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