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Stock impact report

Alcentra Capital Corporation Adopts Share Repurchase Plan

ALCENTRA CAPITAL CORP (ABDC) 
Last alcentra capital corp earnings: 11/5 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.alcentracapital.com
Company Research Source: PR Newswire
NEW YORK, Dec. 11, 2018 /PRNewswire/ -- Alcentra Capital Corporation (NASDAQ: ABDC), ("Alcentra Capital" or the "Company"), a provider of debt financing solutions to middle-market companies based in the United States, announced today that the Company has adopted a trading plan for the purpose of repurchasing shares of its common stock in the open market (the "Plan"). Under the Plan, the Company may repurchase up to the lesser of: 5.0% of the amount of shares of the Company's common stock outstanding as of the date of the Plan, December 10, 2018; and $10.0 million in aggregate amount of the Company's common stock.For the nine months ended September 30, 2018, the Company repurchased 705,711 shares of its outstanding common stock, or approximately 5.0% of the shares outstanding as of December 31, 2017.In connection with the adoption of the Plan, Alcentra Capital's CEO, Vijay Rajguru stated, "We are very focused on implementing strategies to enhance stockholder value. Share buybacks are a Show less Read more
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