Email us with questions or comments: nmarshi.bdcreporter@gmail.com           α

TICC Capital: Shareholder Vote Results

Premium Free Activist News Debt Investor Dividend

On July 6 2017 TICC Capital held its annual Shareholders Meeting at which three issues were put to a vote. On July 7, 2017 TICC reported the results, which we discuss below. We were surprised by one outcome relating to the issue of selling stock below NAV. The BDC Reporter gives its view as to one course of action the Investment Advisor might take which some shareholders would not approve of and might mightily move the stock price:

Read More

TICC Capital: Receives Exemptive Relief

Premium Free Activist News Debt Investor Dividend

TICC Capital has received “exemptive relief” from the SEC to co-invest with sister funds. BDC Reporter discusses the implications for the BDC’s shareholders, but also provides a bigger picture summary of what this type of waiver of shareholder protections means for good or ill for all BDC shareholders. A dull but important subject with many long term implications.

Read More
:)