Alcentra Capital Corporation announces a share repurchase program. Under the program, the company will repurchase up to $5 million in the aggregate of its outstanding common stock. Repurchases will be made in the open market.

The timing, manner, price and amount of any share repurchases will be determined by Alcentra's management, in its discretion, based upon the evaluation of economic and market conditions, stock price, applicable legal and regulatory requirements and other factors. The program does not require Alcentra to repurchase any specific number of shares and Alcentra cannot assure that any shares will be repurchased under the program. The program may be suspended, extended, modified or discontinued at any time.