Harvest Capital Credit Corporation (NASDAQ:HCAP) Files An 8-K Other Events
Item 8.01. Other Events
On April 13, 2020, Harvest Capital Credit Corporation (the “Company”) issued a press release announcing that its Board of Directors (the “Board”) has taken action to defer the record dates and payments of the Company’s March 2020 and April 2020 monthly dividends.
On March 12, 2020, the Company announced monthly distributions of $0.08 per share payable on each of April 30, 2020 (the “March 2020 Dividend”) and May 28, 2020 (the “April 2020 Dividend”) to record holders as of April 23, 2020, and May 21, 2020, respectively. Given the recent economic and financial disruptions caused by the COVID-19 pandemic, the Board has decided to defer the record date and payment of each of the March 2020 Dividend and the April 2020 Dividend until such later time as the Board determines is prudent in light of the Company’s capital needs and contractual obligations, and in the best interests of the Company and its stockholders.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
| 99.1 | Press release dated April 13, 2020 |
Harvest Capital Credit Corp Exhibit
EX-99.1 2 ea120631ex99-1_harvestcap.htm PRESS RELEASE DATED APRIL 13,…
To view the full exhibit click here
About Harvest Capital Credit Corporation (NASDAQ:HCAP)
Harvest Capital Credit Corporation is an externally managed, closed-end, non-diversified management investment company. The Company operates as a business development company and provides customized financing solutions for small to mid-sized companies. Its investment objective is to generate both current income and capital appreciation by making direct investments in the form of subordinated debt, senior debt, and to a lesser extent, minority equity investments in privately-held the United States small to mid-sized companies. Its investment portfolio includes over 56.8% of senior secured term loans, 40.8% of junior secured term loans, 1.3% of equity investments and 1.1% of collateralized loan obligation (CLO) equity at fair value. It may also invest in other investments, such as loans to larger, publicly-traded companies, high-yield bonds and distressed debt securities. It may also invest in debt and equity securities issued by CLO funds. HCAP Advisors LLC is its investment adviser.
