BDCA Venture Announces Changes in Name and Ticker Symbol
02 Décembre 2015 - 10:35PM
Business Wire
Board Also Announces Appointment of New
Officers
BDCA Venture, Inc. (“BDCA Venture” or the “Company”) (Nasdaq:
BDCV), a closed-end fund that has elected to be regulated as a
business development company under the Investment Company Act of
1940, as amended (the “1940 Act”), announced today that it has
changed its name and appointed new officers.
Name and Ticker Change
The Company has changed its name to “Crossroads Capital, Inc.”
(“Crossroads Capital”) effective December 2, 2015. The shares of
Crossroads Capital will continue to be listed on Nasdaq and will
begin trading under the new ticker “XRDC” on December 3, 2015.
Appointment of New Officers
In connection with the termination of the Investment Advisory
and Administrative Services Agreement (“Investment Advisory
Agreement”) by and between the Company and BDCA Venture Adviser,
LLC, Frederic M. Schweiger and Katie P. Kurtz resigned as the
officers of the Company as of December 2, 2015. Their resignations
were not the result of any disagreement with the Company on any
matters relating to the Company's operations, policies or
practices.
Effective December 2, 2015, the Company’s Board of Directors
appointed the following persons to serve as the Company’s officers
until his or her resignation or earlier termination or other
removal therefrom:
Ben H. Harris - Chief Executive
Officer and President
David M. Hadani - Chief Financial
Officer, Treasurer and Secretary
Stephanie L. Darling - Chief
Compliance Officer
Biographical and other information for each of the new officers
is included in the Current Report on Form 8-K filed with the U.S.
Securities and Exchange Commission (“SEC”) on December 2, 2015.
Andrew Dakos, Chairman of the Board of Directors, commented;
“The appointment of Ben, David, and Stephanie marks a significant
milestone for the Company. The Board has been focused on the
important task of achieving a smooth transition to internal
management and is confident it has assembled the right team as the
Company seeks to maximize value for shareholders. The business
experience and track record of Ben and David, particularly as it
relates to business development companies, will be of significant
value to the Company at this critical stage. In addition, having
worked with Stephanie closely for several years, she is likewise
highly qualified to lead our compliance program. To date, most of
our focus has been on reducing the Company’s operating expenses.
Going forward, we intend to focus our efforts to monetize our
current holdings in addition to managing our cash resources to
benefit shareholders.”
About Crossroads Capital, Inc.
Crossroads Capital, Inc. (www.bdcv.com) is a closed-end fund
regulated as a business development company under the Investment
Company Act of 1940.
Forward-Looking Statements
This press release may contain statements of a forward-looking
nature relating to future events. These forward-looking statements
are subject to the inherent uncertainties in predicting future
results and conditions. These statements reflect Crossroads
Capital’s current beliefs, and a number of important factors could
cause actual results to differ materially from those expressed in
this press release, including the factors set forth in “Risk
Factors” set forth in Crossroads Capital’s Form 10-K and Form 10-Q
filed with the Securities and Exchange Commission (“SEC”), and
subsequent filings with the SEC. Please refer to Crossroads
Capital’s SEC filings for a more detailed discussion of the risks
and uncertainties associated with its business, including but not
limited to the risks and uncertainties associated with investing in
micro- and small-cap companies. Except as required by the federal
securities laws, Crossroads Capital undertakes no obligation to
revise or update any forward-looking statements, whether as a
result of new information, future events or otherwise. The
reference to Crossroads Capital’s website has been provided as a
convenience, and the information contained on such website is not
incorporated by reference into this press release.
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version on businesswire.com: http://www.businesswire.com/news/home/20151202006400/en/
BDCA Venture, Inc./Crossroads Capital, Inc.Investor
Relations Contact:Ben H. Harris, 402-817-4424Chief Executive
Officer and Presidentben@xroadscap.com
Crossroads Capital, Inc. (NASDAQ:XRDC)
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