LINCOLN, Neb., Aug. 25, 2016 /PRNewswire/
-- Crossroads Capital, Inc. (Nasdaq: XRDC) (the
"Company") has announced the engagement of Setter Capital, a
Toronto-based secondary market
advisory firm, to assist the Company in identifying prospective
buyers for the Company's portfolio investments.
The Company's Board of Directors (the "Board") recently resolved
to monetize the Company's portfolio holdings at the earliest
practicable date in connection with the Company's investment
objective to preserve capital and maximize stockholder value by
pursuing the sale of the Company's portfolio investments, limiting
expenses and deploying surplus cash as appropriate.
There is no assurance that any sales will occur as a result of
this engagement nor can the Company estimate the expected proceeds
from the sale of its investments and it is possible that the
proceeds received in a secondary market sale of its investments may
be less than the proceeds an investor might receive from pursuing a
strategy of holding such investments through any potential initial
public offering or other liquidity event.
About Crossroads Capital, Inc.
Crossroads Capital,
Inc. (www.xroadscap.com) is a closed-end fund regulated as a
business development company under the Investment Company Act of
1940.
About Setter Capital, Inc.
Setter Capital is a leading
private equity secondary market advisory firm. Its clientele
includes some of the world's largest and most sophisticated private
equity investors and fund managers. Since its inception in
2006, the firm has completed over $20
billion in transactions.
Interested buyers should contact Sim
Desai, SVP Direct Secondaries, regarding this sales
process. Sim can be reached at 416-964-9975 or
sim@settercap.com.
Investor Relations
Contact:
|
Ben H.
Harris
Chief Executive
Officer and President
|
|
(402)
261-5345
|
|
ben@xroadscap.com
|
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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visit:http://www.prnewswire.com/news-releases/crossroads-capital-announces-engagement-of-setter-capital-300317569.html
SOURCE Crossroads Capital, Inc.