TICC Capital reports big fall in book value, inks fee waiver

|By:, SA News Editor

Q4 core net investment income of $0.26 per share vs. $0.34 in Q3. Dividend is $0.29.

Expenses of $14.3M were up by about $2M from a year ago as the company spent $2.6M on legal and financial advice surrounding the fight for control.

End-of-year net asset value per share of $6.40 falls from $7.81 three months earlier. Last night's close was $5.28.

From Nov. 5 through March 4, the company bought back 8.5M shares (14.2% of the float) at an average price of $5.79 each.

The external manager yesterday agreed to a series of ongoing fee waivers, effective April 1.

Conference call at 10 ET

Previously: TICC Capital beats by $0.10 (March 10)

TICC flat premarket

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