GREENWICH, Conn., Feb. 06, 2018 (GLOBE NEWSWIRE) -- TICC Capital Corp. (Nasdaq:TICC) (“TICC,” the “Company,” “we,” “us” or “our”) announced today that the Company’s board of directors has authorized a program for the purpose of repurchasing up to $25 million worth of its common stock. Under the repurchase program, the Company may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time. Unless extended by the Company’s board of directors, the Company expects the repurchase program to be in place until the earlier of December 31, 2018 or until $25 million of the Company’s outstanding shares of common stock have been repurchased.
About TICC Capital Corp.
TICC Capital Corp. is a publicly-traded business development company principally investing in syndicated bank loans and debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.
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, except as may be required by law.
Source:TICC Capital Corp.