On June 24, 2015, the Board of Directors of TICC Capital Corp. appointed Gerald Cummins as the Chief Compliance Officer, in place of Patrick F. Conroy, who previously served in such position. Patrick F. Conroy will continue to serve as Chief Financial Officer and Corporate Secretary.

Mr. Cummins has been a Director of Alaric since June 2014. Prior to joining Alaric, Mr. Cummins was a consultant for Barclays Capital Inc. from 2012 to 2013, where he participated in numerous compliance projects on pricing and valuation, compliance assessments, and compliance policy and procedure development.