TICC Capital's Investment Adviser to Be Acquired by Benefit Street Partners

Go back to TICC Capital's Investment Adviser to Be Acquired by Benefit Street Partners

TICC Capital (TICC) Declares $0.29 Quarterly Dividend; 18.5% Yield

August 4, 2015 9:21 AM EDT

TICC Capital (NASDAQ: TICC) declared a quarterly dividend of $0.29 per share, or $1.16 annualized.

The dividend will be payable on September 30, 2015, to stockholders of record on September 16, 2015, with an ex-dividend date of September 14, 2015.

The annual yield on the dividend is 18.5... More

TICC Capital (TICC) Misses Q2 EPS by 2c; Agrees to Sell TICC Management

August 4, 2015 8:48 AM EDT

TICC Capital (NASDAQ: TICC) reported Q2 EPS of $0.18, $0.02 worse than the analyst estimate of $0.20.

TICC also announced that the members of our investment adviser, TICC Management, LLC, have entered into an agreement with Benefit Street Partners L.L.C. ("BSP"), pursuant to which an affiliate of BSP will acquire TICC Management, LLC (the "Transaction"). BSP intends to expand TICC's investment strategy to primarily focus on private debt investments. BSP is the credit investment arm of Providence Equity Partners, a leading global private equity firm. BSP and affiliates manage over $10 billion in assets... More