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Stock impact report

Alcentra Capital Corporation Announces Strategic Alternatives Review

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, April 4, 2019 /PRNewswire/ -- Alcentra Capital Corporation (NASDAQ: ABDC) today announced that its Board of Directors has entered into a formal review process to evaluate strategic alternatives for the Company. The Board of Directors has authorized its Committee of Independent Directors to lead the process.Edward Grebow, chair of the Committee of Independent Directors, stated, "We are very pleased with the progress management continues to make in rotating the Company's legacy assets into upper middle-market senior secured investments and stabilizing the Company's net asset value. As management continues its efforts to increase value for our stockholders, the Board believes it is also important at this time to explore additional options that may be available to further enhance the value of the Company."The Board of Directors has not set a timetable for the conclusion of the strategic alternatives review. There can be no assurance that the review will result in a transaction o Show less Read more
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