Capitala Finance Corp. Announces Change in Distribution Payment Frequency
Capitala Finance Corp (CPTA)
Last capitala finance corp earnings: 3/2 04:30 pm
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US:NASDAQ Investor Relations:
investor.capitalagroup.com/investor-relations
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Source: GlobeNewswire
CHARLOTTE, N.C., April 01, 2020 (GLOBE NEWSWIRE) -- Capitala Finance Corp. (the “Company”, “our”, or “Capitala”) (Nasdaq:CPTA) announced today that distributions will be made on a quarterly basis, rather than monthly, effective for the second quarter of 2020. The Company will announce details of the second quarter of 2020 distribution at a later date, upon approval by the Board of Directors. Chairman and Chief Executive Officer Joseph B. Alala, III, stated, “Across our entire firm, we are engaged with the management teams of our existing portfolio companies to determine how this disruption in the economy may impact their need for liquidity and ultimately the impact to our net investment income. Moving to quarterly distributions gives us additional time to continue with these assessments, as circumstances are changing on a daily basis.” About Capitala Finance Corp.Capitala Finance Corp. is a business development company that invests primarily in first and second lien loans, sub
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