Clear Harbor Delivers Letter to the Board of Garrison Capital Highlighting Concerns and a Need for Change
GARRISON CAPITAL INC COMMON S (GARS)
Last garrison capital inc common s earnings: 3/12 04:58 pm
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Source: PR Newswire
NEW YORK, Oct. 31, 2019 /PRNewswire/ -- Clear Harbor Asset Management, LLC ("Clear Harbor"), a significant stockholder of Garrison Capital Inc. ("Garrison Capital" or the "Company")(NASDAQ: GARS), today announced that it has delivered a letter to the Board of Directors (the "Board") of the Company expressing its concerns with the Company's persistent underperformance. Despite considerable effort to work constructively with the Company to address the concerns facing Garrison Capital, the Board has failed to take substantive steps to improve Company performance and refuses to hold management accountable for its repeated failures. The full text of the letter to the Board follows: October 31, 2019Garrison Capital Inc. 1290 Avenue of the Americas, Suite 914New York, New York 10104Attention: Board of DirectorsDear Members of the Board of Directors: Clear Harbor Asset Management, LLC ("Clear Harbor" or "we") is a significant investor in Garrison Capital Inc. ("Garrison" or the "Company"), b
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