Capitala Finance Corp. Announces Distributions
Fourth Quarter 2016 Distributions
On
Record Date |
Payment Date |
Amount Per |
||||||
|
|
|
||||||
|
|
|
||||||
|
|
|
Contributing factors in the distribution reduction were (1) pressure on the Company's net investment income from losses associated with reducing our exposure to energy, (2) an unwillingness to chase yield on new investment opportunities, (3) an emphasis on distribution coverage with net investment income without reliance on realized capital gains, and (4) the drag on net investment income from recent repayments, exits and sales of investments.
Capitala Chairman and CEO
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
About
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
View source version on businesswire.com: http://www.businesswire.com/news/home/20160922005059/en/
704-376-5502
sarnall@capitalagroup.com
Source:
News Provided by Acquire Media