TICC Capital (TICC) Misses Q2 EPS by 2c; Agrees to Sell TICC Management
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August 4, 2015 8:01 AM EDT
GREENWICH, CT -- (Marketwired) -- 08/04/15 --
TICC Capital Corp. (NASDAQ: TICC) (the "Company," "TICC," "we," or "our") announced today 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... More
August 4, 2015 8:01 AM EDT
GREENWICH, CT -- (Marketwired) -- 08/04/15 --
TICC Capital Corp. (NASDAQ: TICC) (the "Company," "we," "us," or "our") announced today its financial results for the quarter ended June 30, 2015, and announced a distribution of $0.29 per share for the third quarter of 2015.
HIGHLIGHTS
For the quarter ended June 30, 2015, we recorded GAAP net investment income of approximately $10.9 million, or approximately $0.18 per share. In the second quarter, we also recorded net realized capital gains of $4.1 million, and unrealized depreciation of $5.0 million. In total we had a net increase in net assets from operations of approximately $10.0 million, or $0.17 per...
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