GSV CAPITAL CORP. (NASDAQ:GSVC) Files An 8-K Results of Operations and Financial ConditionItem 2.02.
On November 8, 2017, GSV Capital Corp. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended September 30, 2017. A copy of the press release is included as Exhibit 99.1 to this Current Report on Form8-K and is incorporated into this Item 2.02 by reference.
The information disclosed under this Item 2.02, including the information set forth in Exhibit 99.1 hereto, is being “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise. The information in this Item 2.02shall not be incorporated by reference into any registration statement or other document to the Securities Act of 1933, as amended, or into any filing or other document to the Exchange Act, except as otherwise expressly stated in any such filing.
On November 8, 2017, the Company issued a press release announcing an extension of, and increase in the amount of shares authorized to be repurchased under, its discretionary, open-market share repurchase program. A copy of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K.
GSV Asset Management, LLC (“GSV Asset Management”), the Company’s external investment adviser, has voluntarily agreed to extend its waiver of a portion of the advisory fees payable by the Company to GSV Asset Management under the investment advisory agreement between the Company and GSV Asset Management (the “Advisory Agreement”). Under the extension of the waiver, through December 31, 2018, the Company will pay GSV Asset Management a base management fee of 1.75%, a 0.25% reduction from the 2.0% base management fee payable under the Advisory Agreement.
| Item 2.02. | Financial Statements and Exhibits. |
| 99.1 | Press release dated November 8, 2017* |
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* The press release attached hereto as Exhibit 99.1 is “furnished” and not “filed,” as described in Item 2.02of this Current Report on Form 8-K.
GSV Capital Corp. ExhibitEX-99.1 2 tv478937_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Page 1 of 7 GSV Capital Corp. Reports Third Quarter 2017 Financial Results Net Asset Value of $9.69 per Share as of September 30,…To view the full exhibit click here
About GSV CAPITAL CORP. (NASDAQ:GSVC)
GSV Capital Corp. (GSV Capital) is an externally managed, non-diversified closed-end management investment company. The Company’s investment objective is to maximize its portfolio’s total return, principally by seeking capital gains on its equity and equity-related investments. The Company invests principally in the equity securities, which are venture-capital-backed emerging companies. The Company acquires its investments through direct investments with portfolio companies, secondary marketplaces for private companies and negotiations with selling stockholders. The Company may also invest in select publicly traded equity securities or certain non-United States companies that otherwise meet its investment criteria. It seeks to invest approximately 90% of its portfolio in late-stage companies and the remaining approximately 10% in emerging companies that fit within its targeted areas. Its investment activities are managed by its investment advisor, GSV Asset Management, LLC.
