Key Developments For TICC Capital Corp.
TICC Capital Corp. (TICC.O) (Nasdaq)
TICC Capital Corp. Announces Distribution And Share Repurchase Program
TICC Capital Corp. announced the distribution of $0.15 per share for the third quarter of 2009. The dividend is payable on September 30, 2009; record date September 10, 2009. The Company also announced that its Board has authorized a share repurchase program which would provide for the purchase of up to $10 million worth of shares. Under the repurchase program, the Company may, repurchase its outstanding common stock in the open market from time to time.
TICC Capital Corp. Announces First Quarter Distribution
TICC Capital Corp. announced that on March 5, 2009, its Board of Directors declared a distribution of $0.15 per share for the first quarter of 2009, payable on March 31, 2009 to shareholders of record as of March 17, 2009.
TICC Capital Corp. Announces Full Repayment of Its Credit Facility
TICC Capital Corp. announced that, following a period of concerted deleveraging of its balance sheet, it has now reduced to zero its outstanding borrowings under its credit facility with Royal Bank of Canada as agent and a lender and Branch Banking & Trust Company as an additional lender (the Credit Facility). The Company also undertook steps to unilaterally terminate its Credit Facility, effective December 30, 2008, in accordance with its terms as a result of the completion of the repayment of its outstanding borrowings thereunder. The Credit Facility had been scheduled to terminate on January 29, 2009.
TICC Capital Corp. Announces Additional Unilateral Reduction Of Credit Facility
TICC Capital Corp. announced that it has taken steps to further reduce its borrowings and the size of its existing credit facility with Royal Bank of Canada as lender and Branch Banking & Trust Company as an additional lender. Effective October 8, 2008, the Credit Facility will be paid down to $15.0 million. Since the end of January 2008 and effective October 8, 2008, the Company will have reduced its borrowings under its Credit Facility from $146.5 million to $15.0 million.
TICC Capital Corp. Announces Further Unilateral Reduction Of Credit Facility
TICC Capital Corp. announced that it has taken steps to further reduce its borrowings and the size of its existing credit facility with Royal Bank of Canada as lender and Branch Banking & Trust Company as an additional lender. Effective September 18, 2008, the Credit Facility will be paid down to $30.0 million. Since the end of January 2008 and effective September 18, 2008, the Company will have reduced its borrowings under its Credit Facility from $146.5 million to $30.0 million.
