THL Credit (TCRD) Reports In-Line Q4 EPS; Approves $25M Common Buyback Plan

THL Credit (NASDAQ: TCRD) reported Q4 EPS of $0.34, in-line with the analyst estimate of $0.34.

On March 6, 2015, THL Credit's Board of Directors authorized a $25.0 million stock repurchase program as the directors believe that the recent market volatility may cause THL Credit's common stock to be undervalued from time-to-time. The timing and amount of any stock repurchases will depend on the terms and conditions of the repurchase program and no assurances can be given that any common stock, or any particular amount, will be purchased. We will provide our stockholders with notice of our intention to repurchase shares of our common stock in accordance with 1940 Act requirements. Unless extended by THL Credit's Board of Directors, the stock repurchase program will terminate on March 6, 2016 and may be modified or terminated at any time for any reason without prior notice. The program does not obligate us to acquire any specific number of shares, and all repurchases are made in accordance with SEC Rule 10b-18, which sets certain restrictions on the method, timing, price and volume of stock repurchases. We will retire immediately all such shares of common stock that we purchase in connection with the stock repurchase program.

For earnings history and earnings-related data on THL Credit (TCRD) click here.

You May Also Be Interested In

• BayCom Corp (BCML) Misses Q1 EPS by 4c
• Korro Bio (KRRO) Announces $70M Placement
• MediaCo (MDIA) Acquires Estrella Media’s Content and Digital Operations