Harvest Capital Credit Corporation Announces Record Date and Payment Date for Previously Deferred Dividend Payments
24 Novembre 2020 - 2:00PM
Business Wire
Harvest Capital Credit Corporation (the “Company,” “we,” or
“our”) (NASDAQ: HCAP) today announced that the Board of Directors
has determined a record date and payment date for the Company’s
previously declared but deferred March 2020 and April 2020 monthly
dividends of $0.08 per share, respectively. These deferred
dividends will now be payable in a single distribution of $0.16 per
share on December 29, 2020 to shareholders of record at the close
of business on December 15, 2020.
“We previously deferred the record and payment dates for our
March 2020 and April 2020 dividends in light of the unprecedented
circumstances surrounding the COVID-19 pandemic, which was part of
an overall plan to preserve liquidity,” said Joseph Jolson,
Chairman and CEO. “In light of the progress the Company has made
paying down its bank line of credit and to avoid the imposition of
a federal excise tax on the Company’s undistributed earnings, the
Board of Directors believes it is in the Company’s best interests
to make this dividend distribution prior to year-end,” concluded
Mr. Jolson.
About Harvest Capital Credit Corporation
Harvest Capital Credit Corporation (NASDAQ: HCAP) provides
customized financing solutions to privately held small and
mid-sized companies in the U.S., generally targeting companies with
annual revenues of less than $100 million and annual EBITDA of less
than $15 million. The company’s investment objective is to generate
both current income and capital appreciation primarily by making
direct investments in the form of subordinated debt, senior debt
and, to a lesser extent, minority equity investments. Harvest
Capital Credit Corporation is externally managed and has elected to
be treated as a business development company under the Investment
Company Act of 1940.
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 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.
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Investor & Media Relations Contacts Harvest Capital
Credit Corporation
Joseph A. Jolson Chairman & Chief Executive Officer (415)
835-8970 jjolson@harvestcaps.com
William E. Alvarez, Jr. Chief Financial Officer (212) 906-3589
balvarez@harvestcaps.com
Harvest Capital Credit (NASDAQ:HCAP)
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