Medley Management Inc. (MDLM)

[56Chevy]

Recent material events early on in 2021 re: Medley LLC that in turn had an effect on MDLY. What it all means is yet to be determined. Its just fyi information if you're following the Medley LLC saga.
Why it should be noted is this represents activity of a 16% ownership.

Angelic Diaz Taube SC 13GMEDLEY MANAGEMENT / Taube Angelic Diaz ownership change


(1) Pursuant to court approval of a marital settlement order for a divorce, on January 17, 2021, Ms. Taube acquired voting and dispositive power over 500,000 Class A units of limited partnership interest (“Medley LLC Units”) in Medley LLC, of which Medley Management Inc., a Delaware corporation (the “Issuer”), is the managing member. Pursuant to the terms of an exchange agreement, Medley LLC Units are exchangeable on a 1-for-1 basis for shares of Class A common stock, par value $0.01 per share (“Common Stock”) of the Issuer and have no expiration date. On January 19, 2021, Ms. Taube exchanged all 500,000 Medley LLC Units for 500,000 shares of Common Stock (the “Shares”), or 16.4% of the shares of Common Stock deemed issued and outstanding as of January 19, 2021. At the direction of Ms. Taube, the Shares were issued in the name of the Angelic D. Taube 2020 Revocable Trust (the “Trust”). As the sole trustee of the Trust, Ms. Taube has the full power and authority to amend or revoke the Trust and to retain, sell and vote the Shares.


(2) The percent of class in Row 11 is based on 3,045,177 shares of Common Stock issued and outstanding as of January 19, 2021 as stated by the Issuer in its Current Report on Form 8-K filed with the SEC on January 19, 2021
Source:

https://docoh.com/filing/1839324/0001213900-21-004523/SC13G

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