TICC Capital (TICC) Declares $0.29 Quarterly Dividend; 18.5% Yield
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TICC Capital (TICC) Misses Q2 EPS by 2c; Agrees to Sell TICC Management
August 4, 2015 8:48 AM EDTTICC 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
