Vmbook Online ordering
Closed End Fund Debt
TICC Capital Corp. operates as a business development company specializing in providing capital to underperforming middle-market companies in the United States. It invests in both debt and equity securities of public and private companies. It seeks to invest in underperforming businesses with turnaround potential.
TICC Capital Corp was founded in 2003 as a non-diversified, closed-ended management investment company and is domiciled in the United States. The company's investment activities are managed by its investment manager, TICC Management, LLC.
TICC Capital Corp. has a market capitalization of around $160.3 million, and trades on the New York Stock Exchange under the ticker symbol "TICC."
The company's earnings have been mixed, with some quarters showing net losses and others showing net gains. The Company's net asset value (NAV) per share has also fluctuated over time.
TICC Capital Corp. has historically focused on providing flexible and long-term debt and equity financing solutions to underperforming middle-market companies. The company's portfolio primarily consists of debt and equity investments in companies across various industries, including business services, consumer services, healthcare, industrials, telecommunications, and technology.
The company's investment strategy aims to generate both current income and capital appreciation through its investments in debt and equity securities. Its primary objective is to generate consistent returns for its shareholders through regular dividends, capital appreciation, and a focus on long-term capital preservation.
As a business development company, TICC Capital Corp. is subject to regulatory requirements and must comply with certain rules and regulations. The company is required to distribute at least 90% of its taxable earnings to its shareholders and is taxed at the individual rather than the corporate level.
In summary, TICC Capital Corp. is a publicly listed company that focuses on providing flexible and long-term debt and equity financing solutions to underperforming middle-market companies in the United States. The company's stock can be traded on the New York Stock Exchange under the ticker symbol "TICC." While the company's earnings have been mixed, its investment strategy aims to generate consistent returns for its shareholders through regular dividends and capital appreciation, with a focus on long-term capital preservation.