Capitala Finance Corp. Announces Special Distribution, Realized Capital Gains
Special Distribution
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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.
Equity Portfolio Activity and Capital Gains
The Company is pleased to report capital gains from two equity investments; one exit and one partial exit. These exits are a continuation of the Company's strategy to lower its overall concentration of equity investments by rotating into debt investments that support coverage of distributions through core net investment income.
Chef'n Corporation
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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
CONTACT:Source:Capitala Finance Corp. Stephen Arnall , Chief Financial Officer 704-376-5502 sarnall@capitalagroup.com
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