Triangle Capital to hold special meeting July 24 on portfolio sale

|About: Triangle Capital (TCAP)|By:, SA News Editor

Triangle Capital (NYSE:TCAP) schedules special meeting of stockholders on July 24 to seek approval to sell  substantially all of its  portfolio investments to an affiliate of Benefit Street Partners and a related deal that will make Barings LLC its external investment adviser.

TCAP filed the proxy statement relating to the meeting on Friday.

The company expects these transactions to close as soon as practicable after receipt of the necessary stockholder approvals and the satisfaction of other closing conditions.

Source: Press Release

Previously: Triangle Capital up 12% on sale of portfolio; new manager taking over (April 4)