TICC Reiterates Its Commitment to Maintain Its Distribution Policy

TICC Capital Corp.

reiterated its commitment to maintaining its current distribution policy. The company also offered more perspective on the policy. TICC Capital indicated that right from the commencement of its operations in 2003 until the year ended 2014 it made total distributions of about $346.5 million to its shareholders. The company added that about $16.9 million accounted for a tax return of capital. The company indicated that to avoid paying income and excise taxes on its investment, it should distribute 100% of its taxable income to its shareholders. TICC said that historically it made distributions to its shareholders during or shortly after the annual period in which the earnings were generated and not hold back the distributions. The company said that its shareholders could change over time. However, it believes that investors preferred to get the benefits of the company's earnings on a timely basis. The stock traded down by 0.36 percent on Monday.