|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||11.78 - 11.93|
|52 Week Range||2.00 - 14.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||1.20 (10.17%)|
|1y Target Est||12.79|
NEW YORK, NY / ACCESSWIRE / August 22, 2018 / Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in the United States District Court for the Eastern District of North Carolina, Case No.: 5:18-cv-000332, on behalf of shareholders of Triangle Capital Corporation ("Triangle Capital" or the "Company") (NYSE: TCAP) who held Triangle Capital shares and have been harmed by Triangle Capital's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the sale of substantially all of the Company's portfolio investments to BSP Asset Acquisition I, LLC ("Asset Buyer"), an affiliate of Benefit Street Partners LLC ("BSP") (the "Proposed Transaction"). Pursuant to the terms of the Asset Purchase Agreement, dated April 3, 2018, Asset Buyer will acquire the Company's investment portfolio as it existed at December 31, 2017 for a purchase price of approximately $981.2 million in cash (the "Asset Consideration").
The Triangle Capital Corporation name may be gone, but the new Barings BDC is “committed to staying in Raleigh.”
Raleigh’s Triangle Capital Corporation has closed on the sale of its investment portfolio to an affiliate of New York-based Benefit Street Partners.
Triangle Capital Corporation (TCAP) (“Triangle” or the “Company”) announced today the completion of its previously announced asset sale transaction with BSP Asset Acquisition I, LLC (“BSP”), an affiliate of Benefit Street Partners L.L.C. (the “Asset Sale”).
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Financials sector is rising.
Eight months after a contentious earnings call and an announcement that “strategic initiatives” would be pursued for one of Raleigh’s top regarded financial firms, Triangle Capital Corporation is nearly no more – at least when it comes to its name.
Triangle Capital Corporation (TCAP) (“Triangle” or the “Company”) announced today that the preliminary record date and the preliminary payment date for the $85 million, or approximately $1.78 per share, subject to adjustment, stockholder cash payment (the “Stockholder Payment”) from Barings LLC (“Barings”) to the Company’s stockholders are August 2, 2018 (the “Preliminary Record Date”) and August 3, 2018 (the “Preliminary Payment Date”), respectively. The Preliminary Record Date and the Preliminary Payment Date are contingent on the closing of the transactions described in the Company’s definitive proxy statement on Schedule 14A that was filed with the SEC on June 1, 2018 (the “Proxy Statement”), including receipt of the necessary Company stockholder approvals and the satisfaction of other closing conditions, and are subject to change.
As Triangle Capital Corporation’s deals inch closer toward a vote, another shareholder has filed a lawsuit against the Raleigh investment company in federal court.
To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
NEW YORK , June 4, 2018 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
Litigation over shareholder losses at Triangle Capital Corporation could outlast the company, new court filings show.
On a per-share basis, the Raleigh, North Carolina-based company said it had net income of 30 cents. Earnings, adjusted for investment gains, were 27 cents per share. The results met Wall Street expectations. ...
Once Raleigh-based Triangle Capital Corporation’s transactions close, it will operate under the Barings BDC Inc. name, according to a securities disclosure filed late Wednesday.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on February 5. Index (PMI) data, output in the Financials sector is rising.
Barings, the Charlotte investment firm that will soon take over Triangle Capital Corporation's investment activities, isn’t commenting on whether the firm will have a continued presence in Raleigh following the deal.
Securities filings disclosed by Triangle Capital Corporation late Monday make it official: Once the Barings deal closes, both the Raleigh firm’s management team and its directors are resigning.
The selloffs and share buys that Raleigh-based Triangle Capital Corporation announced early Wednesday, which have already been unanimously approved by its board of directors, mean major changes to the homegrown investment manager.