CHARLOTTE, N.C.--(BUSINESS WIRE)--Jul. 2, 2018--
Capitala
Finance Corp. (the “Company,” “our,” or “Capitala”) (Nasdaq:CPTA)
declared normal distributions for the third quarter of 2018.
Third Quarter 2018 Distributions
On July 2, 2018, the Company’s Board of Directors declared normal
monthly distributions for the third quarter of 2018 as set forth below:
Record Date
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Payment Date
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Amount Per Share
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7/23/18
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7/30/18
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$0.0833
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8/23/18
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8/30/18
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$0.0833
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9/20/18
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9/27/18
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$0.0833
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The Company has adopted an opt-out distribution reinvestment plan
(“DRIP”) that provides for reinvestment of distributions on behalf of
its shareholders, unless a shareholder elects to receive cash. As a
result, when the Company declares a cash distribution, shareholders who
have not opted out of the DRIP will have their cash distributions
automatically reinvested in additional shares of the Company’s common
stock, rather than receiving cash.
About Capitala Finance Corp.
Capitala Finance Corp. is a business development company that invests
primarily in first and second liens, subordinated debt and, to lesser
extent, equity securities issued by lower and traditional middle-market
companies. The Company is managed by Capitala Investment Advisors, LLC.
For more information on Capitala, or to automatically receive email
notifications of Company financial information, press releases, stock
alerts, or other corporate filings, please visit the Investor
Relations section of our website.
About Capitala Group
Capitala Group is a leading provider of capital to lower and traditional
middle market companies. Since 1998, Capitala Group has grown to be a
$2.7 billion investment firm whose managed funds have invested in over
145 businesses, representing over $1.4 billion of investments in a
variety of industries throughout North America. Capitala’s approach to
investing, whether in its growth fund strategy or it lower middle market
credit strategy, has proven to be a reliable and attractive financing
solution to our partners. Capitala Group manages both public capital
(Capitala Finance Corp.) (Nasdaq:CPTA) and private capital (Capitala
Private Credit Fund V, L.P.; CapitalSouth SBIC Fund IV, L.P.; and
Capitala Specialty Lending Corp.) for institutional and individual
investors, and seeks to partner with strong management teams to create
value and serve as long term partners. For more information, please
visit www.CapitalaGroup.com.
Forward-Looking Statements
This press release contains certain forward-looking statements. Words
such as “believes,” “intends,” “expects,” “projects,” “anticipates,” and
“future” or similar expressions are intended to identify forward-looking
statements. These forward-looking statements are not guarantees of
future performance, condition or results and involve a number of risks
and uncertainties. Actual results may differ materially from those in
the forward-looking statements as a result of a number of factors,
including those described from time to time in the Company’s filings
with the Securities and Exchange Commission. The Company undertakes no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180702005003/en/
Source: Capitala Finance Corp.
Capitala Finance Corp.
Stephen Arnall, 704-376-5502
Chief
Financial Officer
sarnall@capitalagroup.com