Business Development Corporation of America announces a share repurchase program. Under the offer, the company will repurchase up to 3,053,869 shares, representing 2.5% of its issued and outstanding share capital. The Offer is for cash at a price per share equal to $9.22 per share.

The purpose of the tender offer is to provide a measure of liquidity to stockholders who have continuously held their shares for at least one year, since there is otherwise no current public market. Only shares that have been held continuously for one year are eligible to be repurchased pursuant to the offer. Shareholders must either tender at least 25% of the shares that they own or all of the shares that they own.

If only a portion of shares is tendered, the shareholder must maintain a minimum balance of $0.001 million worth of shares following the tender of shares for repurchase. If the amount of repurchase requests exceeds the number of shares company seeks to repurchase, it will repurchase shares on a pro-rata basis. The offer will expire on January 25, 2016, unless extended.