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UPDATE: Capitala Finance Corp. Reports First Quarter 2020 Results

Capitala Finance Corp (CPTA) 
Last capitala finance corp earnings: 3/2 04:30 pm Check Earnings Report
Company Research Source: GlobeNewswire
CHARLOTTE, N.C., May 05, 2020 (GLOBE NEWSWIRE) -- Capitala Finance Corp. (NASDAQ:CPTA) ("Capitala", the “Company”, “we”, “us”, or “our”) today announced its financial results for the first quarter of 2020, and the suspension of regular distributions effective for the second quarter of 2020.     Management Commentary Chairman and Chief Executive Officer Joseph B. Alala, III offered the following comments, “COVID-19 has presented unprecedented challenges to our nation, from both a personal health standpoint as well as a shutdown in the U.S. economy.  We have weathered the former very well, with remote working capabilities; however, the shutdown of the U.S economy has had a major impact on small business performance, especially those in the lower middle market.  Net asset value per share declined by $2.87 per share during the quarter, with approximately 41%, or $1.18 per share, of this decline related to unrealized depreciation on equity investments.  Management will continue to focu Show less Read more
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