Important Notice to Investors This presentation contains forward - - PowerPoint PPT Presentation

Medley Management Inc. (NYSE: MDLY)

Investor Presentation Quarter ended March 31, 2018

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Important Notice to Investors

This presentation contains “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties. Actual outcomes and results could differ materially from those suggested by this presentation due to the impact of many factors beyond the control of Medley Management Inc., including those listed in the "Risk Factors" section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and our

• ther filings with the Securities and Exchange Commission (“SEC”). Any such forward-looking statements are made pursuant to the safe harbor provisions available under

applicable securities laws and Medley Management Inc. assumes no obligation to update or revise any such forward-looking statements except as required by law. Certain information discussed in this presentation (including information relating to portfolio companies) was derived from third party sources and has not been independently verified and, accordingly, the Company makes no representation or warranty in respect of this information. The following slides contain summaries of certain financial and statistical information about Medley Management Inc. The information contained in this presentation is summary information that is intended to be considered in the context of our SEC filings and other public announcements that we may make, by press release or

• therwise, from time to time. In addition, information related to past performance, while helpful as an evaluative tool, is not necessarily indicative of future results, the

achievement of which cannot be assured. You should not view the past performance of Medley Management Inc., or information about the market, as indicative of Medley Management Inc.’s future results. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of Medley Management Inc. This presentation includes certain non-GAAP financial measures, including Core Net Income, Core EBITDA, Core Net Income Per Share, Pre-Tax Core Net Income per Share, Pre-Tax Core Net Income Margin, Core Net Income Margin and Pro-Forma Weighted Average Shares Outstanding. These measures should be considered only as supplemental to, and not as superior to, financial measures prepared in accordance with U.S. GAAP. Please refer to the financial performance section of this presentation for a reconciliation of the non-GAAP financial measures included in this presentation to the most directly comparable financial measures prepared in accordance with U.S. GAAP.

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Table of Contents

1. Overview 4 2. Market Opportunity 9 3. Investment Process 12 4. Overview of funds 14 5. Financial Performance 18 6. Appendix 24

OVERVIEW

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$1.3 $1.8 $2.3 $3.7 $4.8 $5.3 $5.1 $5.1 2011 2012 2013 2014 2015 2016 2017 1Q18 Permanent Capital Institutional Capital

• Diversified credit manager offering yield solutions for institutional and retail investors
• $5.1B of assets under management (“AUM”) and $3.0B of fee-earning assets under management

(“FEAUM”)

• Success in developing innovative new products and accessing multiple distribution channels

65% 12% 1% 21% 1%

Permanent 9+ Years 6-9 Years 3-6 Years Less than 3 Years

Company Overview

Note: Metrics in billions of USD. Due to rounding figures may not sum.

• 1. As of March 31, 2018.

Total AUM Fee Earning AUM(1)

5

Liquid Income Securities Structured Credit Corporate Credit Direct Lending Tactical Opportunities

• Public, yield-driven

investments including trust preferred, BDCs, residential and commercial mortgage REITs and yield oriented equity and equity-linked products

• Flagship product delivering

capital solutions to private, middle market companies

• National direct origination

franchise

• Medley leads origination,

underwriting and credit management

• Primarily focused on syndicated

middle market corporate credit

• Typically larger borrowers than

direct lending

• Focus on preferred and structured equity
• Leverages direct lending and institutional deal

sourcing capabilities

• Private equity type risk-reward profile
• Investing in CLO equity issued by

top tier managers

• Secondary markets investing in

CLO equity and related securities

• Capability to sponsor and issue

Medley-branded CLOs

Investment Capabilities

6

• Broad distribution through public and private channels
• Permanent capital, long-dated funds and managed accounts not subject to traditional outflows

Diversified AUM Across Multiple Funds

Sierra Total Return Fund

MEDLEY

(NYSE: MDLY)

Public Vehicles Medley Capital Corporation

(NYSE: MCC)

Long-Dated Funds and Separately Managed Accounts Senior Loan Fund Medley Opportunity Funds Separately Managed Accounts Institutional Capital Medley Credit Opportunity Fund Sierra Income Corporation Senior Loan Fund Tactical Opportunities

7

86% 14% Floating Fixed 75% 13% 4% 8% First Lien Second Lien Unsecured Equity

14% 10% 10% 8% 7% 5% 5% 5% 4% 3% 3% 3% 3% 3% 2% 2% 2% 11% Services: Business Healthcare & Pharmaceuticals Construction & Building Banking, Finance, Insurance & Real Estate High Tech Industries Hotels, Gaming & Leisure Wholesale Automotive Aerospace & Defense Energy: Oil & gas Chemicals, Plastics & Rubber Containers, Packaging and Glass Multi-Sector Holdings Services: Consumer Media: Advertising, Printing & Publishing Beverage & Food Capital Equipment Other

23.8 %

22% 12% 21% 30%

Industry Breakout

Portfolio Summary

8

15%

Investment Type Breakout Medley Investments by Geography Floating vs. Fixed Rate

Note: Portfolio summary represents total committed amounts as of 3/31/2018 and represents assets in all investment vehicles including TRS and SLS assets. In addition, non-U.S. investments comprise approximately 1% of Medley’s overall investment portfolio.

MARKET OPPORTUNITY

9

7% 13% 26% 0% 10% 20% 30% 40% Traditional Managers Alternative Managers MDLY

AUM CAGR Since 2010(1)

$- $5 $10 $15 $20 $25 2008 2015 2020E Alternative Investments $5T $8T $23T

8% CAGR 24% CAGR

• Market leading growth in AUM driven by:
• Increasing demand for yield in low rate

environment

• Increasing demand by investors for senior

secured and floating rate exposure

• Growth in alternatives continues to outpace that
• f traditional asset managers
• Increased allocation from both retail and

institutional investors

• Retail investors significantly underweight

exposure to alternatives

Increasing Demand for Alternatives

Note: Metrics in trillions of USD. 1. Traditional managers include: BEN, BLK, IVZ, JNS, OMAM, and TROW. Alternative managers include APO, BX, CG, KKR, OAK, and OZM. Medley selected the traditional and alternative manager groups based on subjective factors. There may be other managers not mentioned. 2. Based on BCG, Global Asset Management 2016.

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Growth in Alternatives(2)

0% 10% 20% 30% 40% 50% 60% 70% 80% 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000

U.S. FDIC Insured Commercial Banks Bank Participation in Levered Loan Market (%)

Large and Growing Market in Private Credit

Bank Consolidation(1)(2)

$16.8 $9.2 $6.7 $4.9 $3.6 $2.7 $2.5 $2.2

United States China US Middle Market Japan Germany France UK Brazil

• Traditional lenders to the middle market have

changed in recent years

• Consolidation of the banking system
• Regulatory headwinds for banks and CLO

managers

• The middle market remains a large opportunity
• 20 years ago banks represented over 70%
• Today banks represent 10%
• US middle market would rank as the 3rd largest

global economy

• Private credit has emerged as an important asset

class for all investors

• Retail
• Insurance companies
• Pension funds
• Endowments

1. Federal Deposit Insurance Corporation, represents number of commercial banking institutions insured by the FDIC as of 12/31/2017. 2. S&P LCD’s Leveraged Lending Review – Q4’17. 3. International Monetary Fund, World Economic Outlook Database, June 2014. Metrics in trillions of USD.

11

Top GDPs(3)

INVESTMENT PROCESS

12

Underwriting

• Downside protection – focused on capital preservation
• Three step underwriting process
• Multiple touch points and evaluations
• Disciplined Investment Committee process

Origination

• Over 45 investment professionals
• Nationwide platform
• Targeted middle market sectors

Underwriting

• Multi-step approval process
• Documentation process
• 3rd party resources
• Approve 1-3% of opportunities
• Medley has invested in over

400 borrowers(1) Asset and Portfolio Management

• Best-in-class technology and

systems

• Frequent interaction with

borrowers

• Credit monitoring and reporting

Origination

1 2

Asset and Portfolio Management

3 1 2 3

Integrated Investing Processes

13

1. Since inception through 3/31/2018.

OVERVIEW OF FUNDS

14

First Lien 76% Second Lien 11% Unsecured 4% Equity 9% Construction & Building 15% Services: Business 13% Healthcare & Pharmaceuticals 13% Banking, Finance, Insurance & Real Estate 12% High Tech Industries 6% Automotive 5% Wholesale 4% Beverage & Food 4% Containers, Packaging and Glass 3% Other 25%

$1,000 $1,068 $1,068 $1,068 $- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 3/31/2017 3/31/2018 12/31/2017 3/31/2018

• Institutional Fee Earning AUM remained unchanged

at $1.1 billion during the quarter ended 3/31/2018

• Private Funds and SMAs generally operate without

leverage

• Allocations from major public pensions and insurance

companies

• Focus on senior secured loans
• Diversified portfolio across 106 portfolio companies

Portfolio by Industry Portfolio by Asset Class

Institutional Capital

Note: Metrics in millions of USD, unless stated otherwise.

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Highlights FEAUM Growth

0%

Services: Business 16% Multi-Sector Holdings 15% Healthcare & Pharmaceuticals 9% High Tech Industries 8% Banking, Finance, Insurance & Real Estate 6% Aerospace & Defense 6% Construction & Building 5% Hotel, Gaming & Leisure 5% Wholesale 5% Energy: Oil & Gas 4% Other 21%

$1,191 $1,144 $1,188 $1,144 $- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 3/31/2017 3/31/2018 12/31/2017 3/31/2018

First Lien 56% Second Lien 21% Subordinated Debt 7% Equities/Warrants 16%

• Sierra Income Corporation is a senior debt focused

non-traded public BDC launched in 2012

• Capital is being raised through 191 broker dealers

and 17,874 RIAs

• $1.1 billion in fee earning AUM and $921 million in

gross equity raised, as of 3/31/2018

• 9.7% weighted average yield for total investments

for the quarter ended 3/31/2018

• Diversified portfolio across 112 portfolio companies(1)
• 91.3% floating rate & 8.7% fixed rate loans

Portfolio by Industry Portfolio by Asset Class

Sierra Income Corporation

Note: Metrics in millions of USD, unless stated otherwise. 1. Excludes TRS and SIC SLS investments.

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Highlights FEAUM Growth

Services: Business 20% Construction & Building 18% Multisector Holdings 10% Energy: Oil & Gas 7% High Tech Industries 7% Healthcare & Pharmaceuticals 6% Hotel, Gaming & Leisure 6% Aerospace & Defense 5% Containers, Packaging & Glass 5% Banking, Finance, Insurance & Real Estate 3% Other 13%

First Lien 75% Second Lien 11% Equities/Warrants 14%

$1,023 $826 $900 $826 $- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 3/31/2017 3/31/2018 12/31/2017 3/31/2018

• NYSE: MCC (Market cap: $217 million as of

3/31/2018)

• $826 million in total assets (fee earning AUM

equivalent) and $382 million in equity

• Diversified portfolio across 64 portfolio companies

(Top 20 are 67%)

• 10.4% weighted average portfolio yield as of

3/31/2018(1)

• 93% floating rate & 7% fixed rate on income bearing

investments(2

• Total debt/credit facility commitments of $785

million(3)(4)

Portfolio by Industry Portfolio by Asset Class

Medley Capital Corporation

Note: Metrics in millions of USD and data is exclusive of MCC SLS assets, unless stated otherwise. 1. Represents annualized portfolio yield to maturity, excluding fees, while utilizing industry standard forward LIBOR curve assumptions. 2. Based on income bearing investments; excludes equity investments. 2. SBA regulations currently limit the amount that we may borrow to a maximum of $150 million based upon at least $75 million in regulatory capital. As of 3/31/2018, we have at least $75 million in regulatory capital which allows us to borrow up to $150 million from SBA. 3. Includes $200M in JV credit facility commitments.

17

Highlights FEAUM Growth

FINANCIAL PERFORMANCE

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(Dollars in thousands except share and per share amounts) Revenues Management fees $ 12,085 $ 13,895 Performance fees

• (2,363)

Other revenues and fees 2,329 2,320 Investment income: Carried interest 165 145 Other investment income (183) (1) Total revenues 14,396 13,996 Expenses Compensation and benefits 8,338 5,794 Performance fee compensation (7) (881) General, administrative and other expenses 4,509 2,668 Total expenses 12,840 7,581 Other income (expense) Dividend income 1,429 735 Interest expense (2,681) (3,647) Other income (expenses), net (9,755) 1,560 Total other expense, net (11,007) (1,352) Income before income taxes (9,451) 5,063 Provision for income taxes 190 413 Net income (9,641) 4,650 (4,514) 1,488 $ (5,127) $ 3,162 Core Net Income (1) $ 1,257 $ 4,588 Core EBITDA $ 5,008 $ 7,920 Core Net Income per share (2) $ 0.05 $ 0.10 Core Net Income Margin (3) 9.8% 25.0% Pro Forma Weighted Average Shares Outstanding (4) Less: Net income attributable to redeemable non-controlling interests and non-controlling interests in consolidated subsidiaries Net income attributable to Medley Management Inc. and non- controlling interests in Medley LLC For the Three Months Ended March 31, 2017 30,965,646 (Unaudited) 2018 30,635,399

Consolidated Income Statements

19

1. Core Net Income reflects standalone net income attributable to the controlling and non-controlling interests in Medley LLC adjusted to exclude reimbursable expenses associated with the launch of funds, certain one-time severance costs and stock-based compensation associated with restricted stock units that were granted in connection with our initial public offering (“IPO”), as well as other non-core items and, in 2018, unrealized losses related to our investment in shares of MCC. Please refer to the reconciliation of net income attributed to controlling and non-controlling interests in Medley LLC to Core Net Income on the following page. 2. Core Net Income Per Share reflects an adjustment for federal, state and local corporate income taxes. Please refer to the calculation of Core Net Income Per Share on the following page. 3. Core Net Income Margin equals Core Net Income Per Share divided by total standalone revenue per share. 4. The calculation of Pro-Forma Weighted Average Shares Outstanding assumes the conversion by the pre-IPO holders of up to 24,032,533 Medley LLC units for 24,032,533 shares of Class A common stock at the beginning of each period presented, as well as the vesting of the weighted average number of restricted stock units.

(Dollars in thousands except per share amounts) $ (5,127) $ 3,162 Reimbursable fund startup expenses 623 24 IPO date award stock-based compensation 141 (661) Other non-core items Unrealized losses on shares of MCC 3,543

• Severance expense

1,886 1,099 Acceleration of debt issuance costs (1)

• 1,150

Other (2) 852

• Income tax expense on adjustments

(661) (186) Core Net Income $ 1,257 $ 4,588 Interest expense 2,681 2,498 Income taxes 851 599 Depreciation and amortization 219 235 Core EBITDA $ 5,008 $ 7,920 The calculation of Core Net Income Per Share is as follows: $ 1,257 $ 4,588 Add: Income taxes 851 599 Pre-tax Core Net Income $ 2,108 $ 5,187 Denominator Class A common stock 5,483,303 5,808,626 Conversion of LLC Units to Class A common stock 23,670,187 23,333,333 Restricted stock units and restricted LLC units 1,481,909 1,823,687 Pro-Forma Weighted Average Shares Outstanding 30,635,399 30,965,646 Pre-tax Core Net Income Per Share $ 0.07 $ 0.17 Less corporate income taxes per share (3) (0.02) (0.07) Core Net Income Per Share $ 0.05 $ 0.10 Net income attributable to Medley Management Inc. and non- controlling interests in Medley LLC Numerator Core Net income The reconciliation of Net income attributable to Medley Management Inc. and non-controlling interests in Medley LLC to Core Net Income and Core EBITDA is as follows: 2018 For the Three Months Ended March 31, (Unaudited) 2018 For the Three Months Ended March 31, 2017 2017 (Unaudited)

Consolidated Income Statements (Cont.)

20

1. Amounts relate to additional interest expense associated with the acceleration of amortization of debt issuance costs and discount relating to prepayments made on our Term Loan Facility as a result of the refinancing of our indebtedness from the issuance of Senior Unsecured Debt. 2. For the three months ended March 31, 2018, other non-core items consists of $0.9 million of expenses related to non-core business development expenses and other expenses. 3. Represents a per share adjustment for income taxes assuming that all of our pre-tax earnings were subject to federal, state and local corporate income taxes. We assumed an annualized effective corporate tax rate of 33.0% for 2018 and 43.0% for 2017.

(Dollars in thousands) Assets Cash and cash equivalents $ 30,069 $ 36,163 Cash and cash equivalents of consolidated fund 377 164 Investments, at fair value 46,755 56,632 Management fees receivable 10,119 14,714 Performance fees receivable

• 2,987

Other assets 15,955 17,262 Total assets $ 103,275 $ 127,922 Liabilities and Equity Senior unsecured debt $ 117,049 $ 116,892 Loans payable 9,395 9,233 Accounts payable, accrued expenses and other liabilities 20,884 25,130 Total liabilities 147,328 151,255 Redeemable Non-controlling interests 46,787 53,741 Equity Class A common stock 55 55 Class B common stock

• Additional paid in capital

3,805 2,820 Accumulated other comprehensive income (loss)

• (1,301)

Accumulated deficit (14,080) (9,545) Total stockholders' deficit, Medley Management Inc. (10,220) (7,971) Non-controlling interests in consolidated subsidiaries (1,644) (1,702) Non-controlling interests in Medley LLC (78,976) (67,401) Total deficit (90,840) (77,074) Total liabilities, redeemable non-controlling interests and equity $ 103,275 $ 127,922 2018 2017 As of December 31, As of March 31,

Balance Sheets

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($ in millions) SIC MCC Institutional Capital STRF Total ($ in millions) SIC MCC Institutional Capital STRF Total Q4 2017 $1,273 $1,062 $2,861 $2 $5,198 Q1 2017 $1,264 $1,200 $2,989 $0 $5,453 Commitments(1) 7 (47) 22

• (18)

Commitments(1) 56 (118) 68 2 8 Capital reduction(2)

• 10
• 10

Capital reduction(2)

• 10
• 10

Distributions(3) (16) (9) (51)

• (76)

Distributions(3) (62) (35) (195)

• (292)

Change in fund value(4) (4) (29) (5)

• (38)

Change in fund value(4) 2 (70) (35)

• (103)

Q1 2018 $1,260 $977 $2,837 $2 $5,076 Q1 2018 $1,260 $977 $2,837 $2 $5,076 QoQ Increase (Decrease)

• 1%
• 8%
• 1%

0%

• 2%

LTM Increase (Decrease) 0%

• 19%
• 5%

N/A

• 7%

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Assets Under Management

Note: Percentage change calculations shown are based on actual numbers and may differ from rounded calculations. 1. With respect to permanent capital vehicles, represents increases during the period through equity and debt offerings, subject to restrictions, as well as any increases in available undrawn borrowings or capital commitments. With respect to institutional capital, represents new commitments or gross inflows, as well as any increases in available undrawn borrowings. 2. Represents the permanent reduction in equity or leverage during the period. 3. With respect to permanent capital vehicles, represents distributions of income. With respect to long-dated private funds and SMAs, represents return of capital, given our funds’ stage in their respective life cycle and prioritization of capital distributions. 4. Includes interest income, realized and unrealized gains (losses), fees and/or expenses.

SIC MCC Inst. Capital

• AUM decreased by 1% to $1.3 billion vs. Q4 2017
• AUM remained at $1.3 billion vs. Q1 2017
• AUM decreased by 8% to $1.0 billion vs. Q4 2017
• AUM decreased by 19% vs. Q1 2017, a decrease of $223 million
• AUM decreased by 1% to $2.8 billion vs. Q4 2017
• AUM decreased by 5% vs. Q1 2017, a decrease of $152 million

Q1 2018 HIGHLIGHTS

Q1 2018 AUM Rollforward LTM AUM Rollforward

STRF

• AUM remained at $2 million during Q1 2018
• AUM increased by $2 million vs. Q1 2017

($ in millions) SIC MCC Institutional Capital STRF Total ($ in millions) SIC MCC Institutional Capital STRF Total Q4 2017 $1,188 $900 $1,068 $2 $3,158 Q1 2017 $1,191 $1,023 $1,000 $0 $3,214 Commitments(1) (24) (36) 83

• 23

Commitments(1) 13 (91) 303 2 227 Capital reduction(2)

• Capital reduction(2)
• Distributions(3)

(16) (9) (34)

• (59)

Distributions(3) (62) (35) (153)

• (250)

Change in fund value(4) (4) (29) (49)

• (82)

Change in fund value(4) 2 (71) (82)

• (151)

Q1 2018 $1,144 $826 $1,068 $2 $3,040 Q1 2018 $1,144 $826 $1,068 $2 $3,040 QoQ Increase (Decrease)

• 4%
• 8%

0% 0%

• 4%

LTM Increase (Decrease)

• 4%
• 19%

7% N/A

• 5%

23

Fee Earning Assets Under Management

Note: Percentage change calculations shown are based on actual numbers and may differ from rounded calculations. 1. With respect to permanent capital vehicles, represents increases or temporary reductions during the period through equity and debt offerings, as well as any increases in capital

• commitments. With respect to institutional capital, represents new commitments or gross inflows.

2. Represents the permanent reduction in equity or leverage during the period. 3. Represents distributions of income, return of capital and return of portfolio investment capital to the fund. 4. Includes interest income, realized and unrealized gains (losses), fees and/or expenses.

Q1 2018 Fee Earning AUM Rollforward LTM Fee Earning AUM Rollforward

SIC MCC Inst. Capital

• Fee Earning AUM decreased to $1.1 billion during Q1 2018
• Fee Earning AUM decreased by 4% vs. Q1 2017, an decrease of $47 million
• Fee Earning AUM remained at $1.1 billion during Q1 2018
• Fee Earning AUM increased by 7% vs. Q1 2017, an increase of $68 million

Q1 2018 HIGHLIGHTS

STRF

• Fee Earning AUM remained at $2 million during Q1 2018
• Fee Earning AUM increased by $2 million vs. Q1 2017
• Fee Earning AUM decreased to $826 million during Q1 2018
• Fee Earning AUM decreased by 19% vs. Q1 2017, a decrease of $197 million

APPENDIX

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Endnotes & Definitions

Definitions: “Assets Under Management” or “AUM” refers to the assets of our funds, which represents the sum of the NAV of such funds, the drawn and undrawn debt (at the fund level, including amounts subject to restrictions) and uncalled committed capital (including commitments to funds that have yet to commence their investment periods). “Core Earnings Before Interest, Income Taxes, Depreciation and Amortization (Core EBITDA)” is calculated as Core Net Income before interest expense, income taxes, depreciation and amortization. “Core Net Income” is calculated by adjusting net income attributable to Medley Management Inc. and net income attributable to non-controlling interests in Medley LLC to exclude reimbursable expenses associated with the launch of funds, amortization of stock-based compensation expense associated with grants of restricted stock units at the time of our IPO, other non-core items and the income tax impact of these adjustments. “Core Net Income Margin” equals Core Net Income Per Share divided by total revenue per share. “Core Net Income Per Share” is Core Net Income adjusted for corporate income taxes assuming that all of our pre-tax earnings are subject to federal, state and local corporate income taxes, divided by Pro-Forma Weighted Average Shares Outstanding (as defined above). In determining corporate income taxes we used an annual effective corporate tax rate of 33% for 2018, and 43% for 2017. “Fee Earning Assets Under Management” refers to the assets under management on which we directly earn base management fees. “Pre-Tax Core Net Income” is calculated as Core Net Income excluding the impact of income taxes. “Pre-Tax Core Net Income Margin” equals Pre-Tax Core Net Income Per Share divided by total revenue per share. “Pre-Tax Core Net Income Per Share” is calculated as Pre-Tax Core Net Income divided by Pro-Forma Weighted Average Shares Outstanding. “Pro-Forma Weighted Average Shares Outstanding” assumes the conversion by the pre-IPO holders of up to 24,032,533 Medley LLC units for 24,032,533 shares of Class A common stock at the beginning of each period presented, as well as the vesting of the weighted average number of restricted stock units.

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Corporate Information

Board of Directors BROOK TAUBE Co-Chairman SETH TAUBE Co-Chairman JEFF TONKEL Director JAMES G. EATON Independent Director JEFFREY T. LEEDS Independent Director GUY ROUNSAVILLE, JR. Independent Director Corporate Officers BROOK TAUBE Co-Chief Executive Officer SETH TAUBE Co-Chief Executive Officer JEFF TONKEL President RICHARD T. ALLORTO, JR. Chief Financial Officer JOHN FREDERICKS General Counsel & Secretary Research Coverage COMPASS POINT Casey Alexander – (646) 452-7083 CREDIT SUISSE Craig Siegenthaler - (212) 325-3104 LADENBURG THALMANN & CO. Mickey Schleien - (305) 572-4131 Corporate Headquarters 280 Park Avenue, 6th Floor East New York, NY 10017 (212) 759-0777 Investor Relations SAM ANDERSON Head of Capital Markets & Risk Management (212) 759-0777 Corporate Counsel LOWENSTEIN SANDLER LLP New York, NY Independent Registered Public Accounting Firm RSM US, LLP New York, NY Securities Listing NYSE: MDLY (Common Stock) MDLQ (Senior Notes Due 2024) MDLX (Senior Notes Due 2026) Transfer Agent AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC (888) 777-0324 Media Contact TENEO (212) 498-9197