Dividend Reflects Capital Gains in Portfolio
CHICAGO--(BUSINESS WIRE)--
OFS Capital Corporation (Nasdaq: OFS) ("OFS Capital") today announced
that on February 12, 2018, the Company's Board of Directors declared a
special dividend of $0.37 per share.
The special dividend reflects net realized gains and ordinary income
during 2017 that exceeded OFS Capital's regular distributions paid for
the year. A significant amount of the realized gains resulted from the
monetization of certain investments during the fourth quarter, including
investments in Malabar International and smartTours, LLC.
The dividend will be paid on March 29, 2018 on the shares of the
Company's common stock outstanding as of the record date of March 22,
2018 and will be reported as a long-term capital gain for 2018.
FORWARD-LOOKING STATEMENTS
Statements in this press release regarding management's future
expectations, beliefs, intentions, goals, strategies, plans or
prospects, including statements relating to: OFS Capital's special
dividend, including the composition of such dividend, and other factors
may constitute forward-looking statements for purposes of the safe
harbor protection under applicable securities laws. Forward-looking
statements can be identified by terminology such as "anticipate,"
"believe," "could," "could increase the likelihood," "estimate,"
"expect," "intend," "is planned," "may," "should," "will," "will
enable," "would be expected," "look forward," "may provide," "would" or
similar terms, variations of such terms or the negative of those terms.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors including those risks, uncertainties and
factors referred to in OFS Capital's Annual Report on Form 10-K for the
year ended December 31, 2016 filed with the Securities and Exchange
Commission under the section "Risk Factors," as well as other documents
that may be filed by OFS Capital from time to time with the Securities
and Exchange Commission. As a result of such risks, uncertainties and
factors, actual results may differ materially from any future results,
performance or achievements discussed in or implied by the
forward-looking statements contained herein. OFS Capital is providing
the information in this press release as of this date and assumes no
obligations to update the information included in this press release or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
ABOUT OFS CAPITAL
OFS Capital Corporation is an externally managed, closed-end,
non-diversified management investment company that has elected to be
regulated as a business development company. OFS Capital's investment
objective is to provide stockholders with both current income and
capital appreciation primarily through debt investments and, to a lesser
extent, equity investments. OFS Capital invests primarily in privately
held middle-market companies in the United States, including
lower-middle-market companies, targeting investments of $3 million to
$20 million in companies with annual EBITDA between $3 million and $50
million. OFS Capital offers flexible solutions through a variety of
asset classes including senior secured loans, which includes first-lien,
second-lien and unitranche loans, as well as subordinated loans and, to
a lesser extent, warrants and other equity securities. OFS Capital's
investment activities are managed by OFS Capital Management, LLC, an
investment adviser registered under the Investment Advisers Act of 1940
and headquartered in Chicago, Illinois, with additional offices in New
York and Los Angeles.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180212005477/en/
OFS Capital Corporation
Investor Relations
Steve Altebrando,
646-652-8473
saltebrando@ofsmanagement.com
Source: OFS Capital Corporation
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