In my Opinion Ticc Capital needs to be run like PNNT .......
You have to approach the Bond Market as a investment for earnings and shareholder value.
If you do not function as a Company in the interest of Shareholders, than why you in business?
What can Ticc Capital do to increase shareholder value?
I think that Ticc could take the sister OXLC with a offer of 14.00 PPS takeover and than adopt a poison pill against TPG. Buy OXLC for $14.00 PPS, start buying PFD Stock on the open market .
Issue a 200 million PFD Ticc Capital new issue . With the 200 million they can buy OXLC out and buy some PFD on the open market. Management should start thinking with their heads and start doing the right thing for shareholders.