GREENWICH, CT--(Marketwired - Nov 18, 2015) - TICC Capital Corp. (
As discussed on that same conference call, the Company continues to believe that the concurrent reduction in its corporate leverage combined with the implementation of a significant share repurchase program has the potential to deliver an attractive risk-adjusted return over the longer-term. Towards that end, the Company expects to continue to utilize the share repurchase program (which provides for the repurchase of up to $75 million of the Company's outstanding common stock) recently authorized by the Company's Board of Directors.
About TICC Capital Corp.
TICC Capital Corp. is a publicly-traded business development company principally engaged in providing capital to established businesses, investing in syndicated bank loans and purchasing debt and equity tranches of collateralized loan obligations. Companies interested in learning more about financing opportunities should contact Debdeep Maji at (203) 983-5285.
Forward-Looking Statements
This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events.