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THL Credit Announces IIIQ 2011 Results. Increases Dividend.
November 2, 2011: Yesterday, one of the newer BDCS, THL Credit (ticker: TCRD) announced third quarter 2011 earnings. The brief summary of the press release is that Net Investment Income Per Share was $0.29, which was $0.03 over the average estimate of the 5 analysts... -
Gladstone Capital Issues Preferred Stock
November 1, 2011: Well, it’s done. Gladstone Capital (ticker: GLAD) priced and sold 1,4000,000 Preferred shares at a price of $25.0 last week. (GLAD also gave the underwriter the option of selling another 210,000 shares). As the press release announces, the Preferred Stock has a... -
MCG Capital CEO Resigns. Preliminary Results Announced.
October 31, 2011: MCG Capital (ticker: MCGC), one of the oldest and most troubled Business Development Companies (“BDC”) announced today the resignation of its Chief Executive Officer. The press release says Steve Tunney Snr. has been replaced in the top management spot by Board Chairman...
