- The new proposal would pay TICC Capital (TICC) 90% of NAV for all shares. Based on June 30's reported NAV, this would be the equivalent of $7.74 per share in TSLX stock. The value would change along with TICC's NAV.
- TPG Specialty notes TICC currently trades at a 25.7% discount to June 30 NAV and hasn't closed above a 90% discount since Dec. 10. The BSP proposal, says TPG, would result in only $50M-$100M (13-26% of the float) of TICC stock being repurchased at 90% of NAV.
- Source: Press Release
- TICC flat premarket at $6.39.