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TICC Capital: Two Directors Depart

BDCs:
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TICC Capital (“TICC”) announced the resignation of two directors, and the shrinking of the Board from 7 members to 5. Here is the full text of the filing:

On May 25, 2017, the Board of Directors of TICC Capital Corp. (the “Company”) accepted the resignation of each of Tonia L. Pankopf and G. Peter O’Brien from the Board of Directors of the Company (the “Board”) and voted to reduce the size of the Board from seven to five. The resignations and reduction in the size of the Board will be effective as of July 6, 2017. Neither Ms. Pankopf nor Mr. O’Brien resigned due to any disagreement with the Company.   

The BDC Reporter prides itself on having something (relatively) interesting to say regarding just about anything where BDC developments are concerned.  After all, we do read everything every day (which should be our slogan) about the 45 BDCs we track. In this case, though, we caught short. We are publishing this post in case any reader missed the news, but have no insights to bring for the moment. We’re avoiding idle speculation, and looking for more information before presuming to provide “Views And Analysis”.

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