SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [x]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by
Rule 14A-6(e)(2))
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[x] Soliciting Material Pursuant to ss.240.14a-11(c) or ss.240.14a-12
meVC Draper Fisher Jurvetson Fund I, Inc.
(Name of Registrant as Specified In Its Charter)
Millenco, L.P.
(Name of Person(s) Filing Proxy Statement if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[ ] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), 14a-6(i)(2) or
Item 22(a)(2) of Schedule 14A.
[ ] $500 per each party to the controversy pursuant to Exchange Act
Rule 14a-6(i)(3).
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and
0-11.
1) Title of each class of securities to which transaction
applies:
..................................................
2) Aggregate number of securities to which transaction
applies:
..............................................................
3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11 (Set forth the
amount on which the filing fee is calculated and state how
it was determined):
..............................................................
4) Proposed maximum aggregate value of transaction:
..............................................................
5) Total fee paid:
..............................................................
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number, or
the Form or Schedule and the date of its filing
1) Amount Previously Paid:
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2) Form, Schedule or Registration Statement No.:
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4) Date Filed:
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The material in this filing represents additional material which was added to
the website www.mevcshareholders.com through February 25, 2003. The list of
documents on the website is revised to reflect the addition of this document to
the website.
MEVCSHAREHOLDERS.COM
A WEBSITE FOR SHAREHOLDERS OF MVC CAPITAL (NYSE: MVC)
SPONSORED BY MILLENNIUM PARTNERS
ABOUT THIS SITE
Since MVC Capital's inception in early 2000, the Fund's Board has delivered
sub-par performance and continuously demonstrated contempt for shareholders.
Millennium Partners, the largest stockholder of MVC, has been fighting to help
shareholders take back control -- and maximize the value -- of the long
mismanaged and under-performing Fund. Please visit these pages often to learn
more about the latest news and what you can do as a shareholder to protect your
investment and enact change at MVC.
LATEST NEWS
On February 25, Millennium Partners announced that Michael Tokarz, Chief
Executive Officer of Tokarz Cadigan Partners LLC and a former General Partner of
Kohlberg Kravis Roberts, agreed to serve as investment advisor to MVC Capital,
if Millenco LP and its affiliates are elected at the MVC shareholder meeting on
February 28.
See Press Release.
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On January 31, Millennium Partners announced that it had proposed a slate of
seven nominees to replace the existing MVC Capital Board and outlined its
proposal for enhancing the value of the Fund for all MVC shareholders:
See Press release
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See Proxy Statement Cover Letter
----------------------------
See Proxy Statement
---------------
See Presentation to Shareholders
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ABOUT MILLENNIUM PARTNERS
Millennium Partners, L.P. is a $3 billion multi-strategy private investment fund
managed out of New York City. Millennium has been a significant owner in MVC
Capital since 2000, with over one million shares, and has spent the past two
years committed to effecting change at MVC and returning value to the Fund's
shareholders.
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Citigate Sard Verbinnen
-----------------------
MILLENNIUM PARTNERS, L.P.
666 FIFTH AVENUE TELEPHONE 212.841.4100
NEW YORK, NY 10103-0899 TELEFAX 212.841.4141
CONTACT
Media Investors
----- ---------
Paul Caminiti/Kim Levy/Keil Decker Robert Knapp
Citigate Sard Verbinnen Millennium Partners
(212) 687-8080 (212) 841-4100
MILLENNIUM PARTNERS COMMENTS ON WINNING COURT RULING
DECISION IS A VICTORY FOR ALL MVC SHAREHOLDERS
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NEW YORK, NY -- FEBRUARY 24, 2003 -- Millennium Partners, LP
("Millennium") today issued the following statement regarding Senior United
States District Judge Leonard B. Sand's ruling for Millennium in MVC Capital's
(NYSE: MVC, "the Fund") lawsuit against Millennium, its affiliates and others.
The lawsuit asserted numerous claims in attempt to prevent Millennium and its
affiliates from voting all or some of their shares or soliciting proxies from
other shareholders. After a trial last week, the Court ruled against MVC on
every single claim.
Mr. Robert Knapp, Managing Director of Millennium, said, "Today's court
decision is a victory for all MVC shareholders, as it brings Mr. Grillos and his
management team's transparent effort to disenfranchise shareholders to a halt.
This lawsuit was a shameful waste of MVC shareholders' funds and judicial
resources. By mounting and losing this PR stunt at shareholder's expense, CEO
John Grillos and his team have, in our view, undermined any vestige of remaining
credibility with shareholders."
Knapp continued, "Millennium is highly confident of its chances of
success at the upcoming shareholder vote on February 28. We strongly encourage
MVC shareholders to take this opportunity to change leadership at this long
mismanaged Fund and vote FOR the Millenco slate of Directors by signing, dating
and returning the GREEN proxy card immediately."
Millennium's affiliate, Millenco LP, has proposed a slate of seven
nominees to replace the existing MVC Board at the annual meeting to be held on
February 28, 2003. On December 19, the Delaware Chancery Court overturned the
election of three of the Fund's directors, including that of
MVC's Chief Executive Officer John Grillos, on the grounds of proxy deception
and breach of fiduciary duties and ordered MVC to hold new elections.
For more information, including Millenco's proxy statement and other
solicitation materials, shareholders can visit www.mevcshareholders.com.
Millennium also welcomes comments and suggestions from MVC shareholders at
mevcshareholders@yahoo.com
# # #
To the extent that the foregoing release may be considered a "solicitation," as
defined by SEC regulations, such solicitation is being made by Millenco. L.P., a
Delaware limited partnership, which is a broker-dealer and member of the
American Stock Exchange. The general partner of Millenco is Millennium
Management, LLC, a Delaware limited liability company. The sole manager of
Millennium Management, LLC is Israel A. Englander. The principal office of
Millenco, Millennium and Mr. Englander is 666 Fifth Avenue, New York, New York
10103.
For a description of the direct or indirect interests of Millenco and its
affiliates in the Fund, we refer you to Millenco's filings on Schedule 13D which
can be obtained from the SEC's website, www.sec.gov.
Millenco, L.P. has filed its definitive proxy statement with the Securities and
Exchange Commission, and it will file additional solicitation material with the
SEC in the future. SHAREHOLDERS SHOULD READ SUCH PROXY STATEMENT AND OTHER
SOLICITATION MATERIAL CAREFULLY BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION.
ANY AND ALL PROXY STATEMENTS AND OTHER MATERIAL FILED IN CONNECTION WITH THE
SHAREHOLDERS MEETING WILL BE AVAILABLE, FOR FREE, AT THE SECURITIES AND EXCHANGE
COMMISSION'S WEBSITE WWW.SEC.GOV AND AT WWW.MEVCSHAREHOLDERS.COM. IN ADDITION,
MILLENCO WILL MAKE AVAILABLE WITHOUT CHARGE, VIA EMAIL, ANY PROXY STATEMENT OR
OTHER SOLICITATION MATERIAL IT MIGHT ISSUE, TO SHAREHOLDERS WHO REQUEST IT BY
CONTACTING US AT: MEVCSHAREHOLDERS@YAHOO.COM.
The statements in this press release may be "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. These
statements are subject to risks and uncertainties. In particular, statements in
this press release that state the intentions, beliefs, expectations, strategies,
predictions of Millennium or its nominees for directors with respect to the Fund
and its operations, or any other statements relating to the Fund's future
activities or other future events or conditions are "forward-looking
statements." Forward-looking statements are not guarantees of future performance
and involve risks, uncertainties and other factors, as well as general economic
conditions, which are difficult to predict and any one or more of which could
cause actual results to differ materially from those stated in such statements.
Any forward-looking statements speak only as of the date on which the material
is released, and Millennium does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after the date of
such information is released.
MILLENNIUM PARTNERS, L.P.
666 FIFTH AVENUE TELEPHONE 212.841.4100
NEW YORK, NY 10103-0899 TELEFAX 212.841.4141
CONTACT
Media Investors
----- ---------
Paul Caminiti/Kim Levy/Keil Decker Robert Knapp
Citigate Sard Verbinnen Millennium Partners
(212) 687-8080 (212) 841-4100
Klevy@sardverb.com Rknapp@mlp.com
MILLENCO ANNOUNCES MICHAEL TOKARZ
AGREES TO SERVE AS INVESTMENT ADVISOR OF MVC
FORMER KKR GENERAL PARTNER WILLING TO ACCEPT POST IF MILLENCO'S SLATE PREVAILS
AT FEBRUARY 28 SHAREHOLDER MEETING
-----------------------------------------------------
NEW YORK, NY - FEBRUARY 25, 2003 -- Millennium Partners today announced
that Michael Tokarz, Chief Executive Officer of Tokarz Cadigan Partners LLC and
a former General Partner of Kohlberg Kravis Roberts & Co., has agreed to serve
as investment advisor to MVC Capital (NYSE: MVC, the "Fund"), if Millenco LP and
its affiliates' nominees are elected at the MVC shareholder meeting on February
28, 2003.
Mr. Tokarz is a founder of Tokarz Cadigan Partners LLC ("TCP"), a
private investment firm focused on middle market companies. Prior to founding
TCP, Mr. Tokarz was a General Partner with Kohlberg Kravis Roberts & Co.,
("KKR"), one of the world's oldest and most experienced private equity firms.
During his 17-year tenure at KKR, he worked on numerous innovative transactions,
investing $4 billion in equity and arranging over $25 billion in financings for
various KKR companies, including a number of the firm's highly successful
transactions.
In addition to Mr. Tokarz, the principals of Tokarz Cadigan
Partners LLC include Pericles Navab and David Luttway. Mr. Navab is a founder
and President of TCP and has over 10 years experience in private equity,
mezzanine and merchant banking. Prior to founding TCP, Mr. Navab was a Principal
at
Arena Capital Partners and GarMark Partners. Mr. Luttway helps oversee the
development, analysis, structure, financing and negotiation of TCP's
transactions. Prior to joining TCP Mr. Luttway was a Vice President at Schroder
& Co., providing financing and advisory services to private equity funds.
"We are delighted that Michael Tokarz and his team are willing to work
with MVC," said Robert Knapp, a Managing Director at Millennium Partners. "The
principals of TCP are well-respected professionals with over 40 years of
combined investment experience and an extraordinary track record of success
through a variety of economic cycles and capital market conditions.
Collectively, they have achieved exceptional returns on invested capital during
their careers, and possess expertise ranging from leveraged buyouts to mezzanine
lending and venture capital."
Knapp continued, "The MVC shareholder vote now represents a concrete
choice between the opportunity to obtain the services of a world-class
management team with an exceptional record, and the retention of an incumbent
management team with abysmal performance. Once Millenco's nominees are elected,
Millenco will ask them to approve an advisory agreement with TCP for submission
to MVC shareholders for approval. This news reflects the commitment of Millenco
and its affiliates both to eliminating MVC's discount and maximizing the value
of the Fund's existing portfolio."
For more information, including Millenco's proxy statement, and other
solicitation materials, shareholders can visit www.mevcshareholders.com.
Millennium also welcomes comments and suggestions from MVC shareholders at
mevcshareholders@yahoo.com
# # #
To the extent that the foregoing release may be considered a "solicitation," as
defined by SEC regulations, such solicitation is being made by Millenco. L.P., a
Delaware limited partnership, which is a broker-dealer and member of the
American Stock Exchange. The general partner of Millenco is Millennium
Management, LLC, a Delaware limited liability company. The sole manager of
Millennium Management, LLC is Israel A. Englander. The principal office of
Millenco, Millennium and Mr. Englander is 666 Fifth Avenue, New York, New York
10103.
For a description of the direct or indirect interests of Millenco and its
affiliates in the Fund, we refer you to Millenco's filings on Schedule 13D which
can be obtained from the SEC's website, www.sec.gov.
Millenco, L.P. has filed its definitive proxy statement with the Securities and
Exchange Commission, and it will file additional solicitation material with the
SEC in the future. SHAREHOLDERS SHOULD READ SUCH PROXY STATEMENT AND OTHER
SOLICITATION MATERIAL CAREFULLY BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION.
ANY AND ALL PROXY STATEMENTS AND OTHER MATERIAL FILED IN CONNECTION WITH THE
SHAREHOLDERS MEETING WILL BE AVAILABLE, FOR FREE, AT THE SECURITIES AND EXCHANGE
COMMISSION'S WEBSITE WWW.SEC.GOV AND AT WWW.MEVCSHAREHOLDERS.COM. IN ADDITION,
MILLENCO WILL MAKE AVAILABLE WITHOUT CHARGE, VIA EMAIL, ANY PROXY STATEMENT OR
OTHER SOLICITATION MATERIAL IT MIGHT ISSUE, TO SHAREHOLDERS WHO REQUEST IT BY
CONTACTING US AT: MEVCSHAREHOLDERS@YAHOO.COM.
The statements in this press release may be "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. These
statements are subject to risks and uncertainties. In particular, statements in
this press release that state the intentions, beliefs, expectations, strategies,
predictions of Millennium or its nominees for directors with respect to the Fund
and its operations, or any other statements relating to the Fund's future
activities or other future events or conditions are "forward-looking
statements." Forward-looking statements are not guarantees of future performance
and involve risks, uncertainties and other factors, as well as general economic
conditions, which are difficult to predict and any one or more of which could
cause actual results to differ materially from those stated in such statements.
Any forward-looking statements speak only as of the date on which the material
is released, and Millennium does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after the date of
such information is released.