Triangle Capital Corporation Executive Named to Institutional Investor Magazine’s “2017 All-America Executive Team”
December 28 2016 - 6:30AM
Triangle Capital Corporation (NYSE:TCAP)
(“Triangle” or the “Company”), a leading provider of capital to
lower middle market companies, announced today that its Chief
Financial Officer, Steven C. Lilly, was recognized as one of
“America’s Best CFOs” by Institutional Investor Magazine in its
2017 All-America Executive Team rankings. A selection
committee consisting of more than 180 sell-side equity analysts
across the United States nominated Mr. Lilly within the Brokers,
Asset Managers & Exchanges category.
Commenting on the award, E. Ashton Poole, President
and CEO stated, “This is a tremendous honor for Steven which
recognizes not only his leadership and ethical standards of
communication but also recognizes the external leadership role he
plays as an advocate for the greater BDC industry as an emerging
asset class in the public markets.”
Mr. Lilly commented, “This award is a positive
reflection on the full Triangle team that Ashton has
assembled. I feel privileged to work with so many capable,
motivated individuals.”
This award marks the second time that Mr. Lilly and
Triangle Capital Corporation have been honored by Institutional
Investor Magazine as Mr. Lilly was named one of “America’s Best
CFOs” in 2014 as well.
About Triangle Capital
Corporation
Triangle Capital Corporation (www.TCAP.com) invests
capital in established companies in the lower middle market to fund
growth, changes of control and other corporate events.
Triangle offers a wide variety of investment structures with a
primary focus on mezzanine financing with equity components.
Triangle’s investment objective is to seek attractive returns by
generating current income from debt investments and capital
appreciation from equity related investments. Triangle’s
investment philosophy is to partner with business owners,
management teams and financial sponsors to provide flexible
financing solutions. Triangle typically invests $5.0 million
- $35.0 million per transaction in companies with annual revenues
between $20.0 million and $200.0 million, and EBITDA between $3.0
million and $35.0 million.
Triangle has elected to be treated as a business
development company under the Investment Company Act of 1940 (“1940
Act”). Triangle is required to comply with a series of
regulatory requirements under the 1940 Act as well as applicable
NYSE, federal and state laws and regulations. Triangle has
elected to be treated as a regulated investment company under the
Internal Revenue Code of 1986. Failure to comply with any of
the laws and regulations that apply to Triangle could have a
material adverse effect on Triangle and its stockholders.
Forward Looking Statements
This press release may contain forward looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Any such statements, other than
statements of historical fact, are likely to be affected by other
unknowable future events and conditions, including elements of the
future that are or are not under the Company's control, and that
the Company may or may not have considered; accordingly, such
statements cannot be guarantees or assurances of any aspect of
future performance. Actual developments and results are
highly likely to vary materially from these estimates and
projections of the future and some of these uncertainties are
enumerated in Triangle’s filings with the Securities and Exchange
Commission. Certain factors that could cause actual results
to differ materially from those contained in the forward-looking
statements are included in our annual reports on Form 10-K,
quarterly reports on Form 10-Q and current reports on Form 8-K,
each as filed with the Securities and Exchange Commission. Copies
are available on the SEC’s website at www.sec.gov and stockholders
may receive a hard copy of the completed audited financial
statements free of charge upon request to the Company at 3700
Glenwood Avenue, Suite 530, Raleigh, NC 27612. Such statements
speak only as of the time when made, and the Company undertakes no
obligation to update any such statement now or in the
future.
Contacts
E. Ashton Poole
President & Chief Executive Officer
919-747-8618
apoole@tcap.com
Steven C. Lilly
Chief Financial Officer
919-719-4789
slilly@tcap.com
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