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Section 1: 8-K (FORM 8-K)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

___________________________________

 

FORM 8-K

 

Current Report Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):

 

June 15, 2017 (June 14, 2017)

 

TICC CAPITAL CORP.

(Exact name of registrant as specified in its charter)

 

 

Maryland 000-50398 20-0188736
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

 

8 Sound Shore Drive, Suite 255

Greenwich, CT 06830

(Address of principal executive offices and zip code)

 

Registrant’s telephone number, including area code: (203) 983-5275

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

Item 8.01Other Events.

 

On June 15, 2017, TICC Capital Corp. (the “Company”) issued a press release announcing that, on June 14, 2017, the U.S. Securities and Exchange Commission granted an exemptive relief order that permits the Company and certain affiliated funds to engage in co-investment transactions that would otherwise be prohibited under the Investment Company Act of 1940, as amended. The text of the press release is included as an exhibit to this Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

 

a)Not applicable.
   
b)Not applicable.
   
c)Not applicable.
   
d)Exhibits.

 

Exhibit No. Description
99.1 Press release dated June 15, 2017

 

 

 

 

SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

Date:  June 15, 2017 TICC CAPITAL CORP.
   
   
  By: /s/ Saul B. Rosenthal
     Saul B. Rosenthal
     President

 

 

 

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Section 2: EX-99.1 (PRESS RELEASE)

Exhibit 99.1

 

 

TICC Capital Corp. Announces Receipt of Co-Investment Exemptive Relief

 

GREENWICH, CT – June 15, 2017 – TICC Capital Corp. (NASDAQ: TICC) (“TICC” or the “Company”) announced today that on June 14, 2017, the Securities and Exchange Commission issued an order permitting TICC and certain of its affiliates, including Oxford Lane Capital Corp. (NASDAQ: OXLC) and Oxford Bridge, LLC, (collectively, the “Companies”) to complete negotiated co-investment transactions in portfolio companies, subject to certain conditions (the “Order”). Subject to satisfaction of certain conditions to the Order, the Companies are now permitted, together with any future business development companies, registered closed-end funds and certain private funds, each of whose investment adviser is TICC’s investment adviser or an investment adviser controlling, controlled by, or under common control with TICC’s investment adviser, to co-invest in negotiated investment opportunities where doing so would otherwise be prohibited under the Investment Company Act of 1940, as amended, providing TICC’s shareholders with access to a broader array of investment opportunities.

 

About TICC Capital Corp.

 

TICC Capital Corp. is a publicly-traded business development company principally engaged in providing capital to established businesses, investing in syndicated bank loans and purchasing debt and equity tranches of collateralized loan obligations.

 

Forward-Looking Statements

 

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, except as may be required by law.

 

Contact:
Bruce Rubin
203-983-5280

 

 

 

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