TICC CAPITAL CORP. (NASDAQ:TICC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On May 25, 2017, the Board of Directors of TICC Capital Corp.
(the Company) accepted the resignation of each of Tonia L.
Pankopf and G. Peter OBrien from the Board of Directors of the
Company (the Board) and voted to reduce the size of the Board
from seven to five. The resignations and reduction in the size of
the Board will be effective as of July 6, 2017.
Neither Ms. Pankopf nor Mr. OBrien resigned due to any
disagreement with the Company.
About TICC CAPITAL CORP. (NASDAQ:TICC)
TICC Capital Corp. (TICC) is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its portfolio’s total return. The Company’s primary focus is to seek current income by investing primarily in corporate debt securities. Its debt investments include bilateral loans (loans where the Company holds the entirety of a particular loan) and syndicated loans (loans where multiple investors hold portions of that loan). The Company continues to invest in structured finance investments, including collateralized loan obligation (CLO) investment vehicles that own debt securities. CLO investments’ also include warehouse facilities, which are financing structures intended to aggregate loans that are used to form the basis of a CLO vehicle. The Company also invests in publicly traded debt and/or equity securities. TICC Management, an investment adviser that is owned by BDC Partners, manages the Company’s investment activities. TICC CAPITAL CORP. (NASDAQ:TICC) Recent Trading Information
TICC CAPITAL CORP. (NASDAQ:TICC) closed its last trading session up +0.06 at 7.19 with 194,952 shares trading hands.
