On July 20, 2020, Glacier Point Advisors, LLC announced that Kevin McCallum has indicated his interest in being appointed to the Board of Medley Capital Corp., along with Howard Amster and Matthew Howlett, as independent directors and has proposed that the Board consider, as part of its strategic review process to seek enhanced shareholder value, a plan to repurchase stock and debt of the Company in a manner that would be accretive, and maximize value to the Company's shareholders, using proceeds from cash, loan maturities and asset sales. Glacier Point Advisors expressed his view that implementing such a strategy is the best approach to increasing net asset value and thereby in turn, enhance shareholder value.