Sec Form 13G Filing - Radoff Bradley Louis filing for PHENIXFIN CORPORATION 5.25% NO (PFXNZ) - 2020-09-18

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)

(Amendment No.  )1

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

x Rule 13d-1(c)

o Rule 13d-1(d)

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

1  The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

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(1)         Includes 5,000 Shares held in an IRA account, over which Mr. Radoff has sole voting and dispositive control.

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Item 1(a).                  Name of Issuer:

Medley Capital Corporation, a Delaware corporation (the “Issuer”)

Item 1(b).                  Address of the Issuer’s Principal Executive Offices:

280 Park Avenue
6th Floor East
New York, New York 10017

Item 2(a).                  Name of Person Filing:

This statement is filed by BLR Partners LP, a Texas limited partnership (“BLR Partners”), BLRPart, LP, a Texas limited partnership (“BLRPart GP”), BLRGP Inc., a Texas S corporation (“BLRGP”), Fondren Management, LP, a Texas limited partnership (“Fondren Management”), FMLP Inc., a Texas S corporation (“FMLP”), The Radoff Family Foundation, a Texas non-profit corporation (“Radoff Foundation”), and Bradley L. Radoff. Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”

BLRPart GP serves as the general partner of BLR Partners. BLRGP serves as the general partner of BLRPart GP. Fondren Management serves as the investment manager of BLR Partners. FMLP serves as the general partner of Fondren Management. Mr. Radoff serves as the sole shareholder and sole director of each of BLRGP and FMLP. By virtue of these relationships, BLRPart GP, BLRGP, Fondren Management, FMLP and Mr. Radoff may be deemed to beneficially own the Shares (as defined below) owned directly by BLR Partners. In addition, Mr. Radoff serves as a director of Radoff Foundation and may be deemed to beneficially own the Shares owned directly by Radoff Foundation.

Item 2(b).                  Address of Principal Business Office or, if None, Residence:

The address of the principal office of each of the Reporting Persons is 1177 West Loop South, Suite 1625, Houston, Texas  77027.

Item 2(c).                   Citizenship:

BLR Partners, BLRPart GP, BLRGP, Fondren Management, FMLP and Radoff Foundation are organized under the laws of the State of Texas.  Mr. Radoff is a citizen of the United States of America.

Item 2(d).                  Title of Class of Securities:

Common Stock, par value $0.001 per share (“Shares”)

Item 2(e).                   CUSIP Number:

58503F106

Item 3.                                 If this statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

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Item 4.                                 Ownership.

Item 4(a).                  Amount Beneficially Owned:

As of the close of business on September 17, 2020:

The filing of this Schedule 13G shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that are not directly owned by such Reporting Person.

Item 4(b).                  Percent of Class:

The following percentages are based on 2,723,711 Shares outstanding as of August 7, 2020, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 7, 2020.

As of the close of business on September 17, 2020, (i) each of BLR Partners, BLRPart GP, BLRGP, Fondren Management and FMLP may be deemed to beneficially own approximately 1.8% of the outstanding Shares, (ii) Radoff Foundation may be deemed to beneficially own 1.7% of the outstanding Shares and (iii) Mr. Radoff may be deemed to beneficially own approximately 6.6% of the outstanding Shares.

Item 4(c).                   Number of shares as to which such person has:

(i)                                     Sole power to vote or to direct the vote:
See Cover Pages Items 5-9.

(ii)                                  Shared power to vote or to direct the vote:
See Cover Pages Items 5-9.

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(iii)                               Sole power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.

(iv)                              Shared power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.

Item 5.                                 Ownership of Five Percent or Less of a Class.

Not applicable.

Item 6.                                 Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.                                 Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

Item 8.                                 Identification and Classification of Members of the Group.

See Exhibit 99.1.

Item 9.                                 Notice of Dissolution of Group

Not applicable.

Item 10.                          Certification

By signing below each of the undersigned certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

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