180 Degree Capital Corp. Begins Managing $25 Million Allocation From Pension Fund
June 08 2020 - 9:00AM
180 Degree Capital Corp. (NASDAQ:TURN) (“180”) announced today
that it has executed a definitive investment advisory agreement to
manage the previously noted $25 million allocation from a pension
fund in a separately managed account. 180 also noted it is
also now registered as a Registered Investment Adviser with the
Securities and Exchange Commission.
“We are excited to begin investing the $25
million allocation from a pension fund alongside 180’s permanent
capital,” said Kevin M. Rendino, Chief Executive Officer of 180.
“The combination of these assets under management provides us with
a stronger base of capital for our constructive activist investing.
We will continue to seek opportunities to add to our asset base and
further strengthen our position.”
About 180 Degree Capital
Corp.
180 Degree Capital Corp. is a publicly traded
registered closed-end fund focused on investing in and providing
value-added assistance through constructive activism to what we
believe are substantially undervalued small, publicly traded
companies that have potential for significant turnarounds. Our goal
is that the result of our constructive activism leads to a reversal
in direction for the share price of these investee companies, i.e.,
a 180-degree turn. Detailed information about 180 and its holdings
can be found on its website at www.180degreecapital.com.
Press Contact:Daniel B. Wolfe180 Degree Capital
Corp.973-746-4500
Forward-Looking Statements
This press release may contain statements of a
forward-looking nature relating to future events. These
forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions. These
statements reflect the Company's current beliefs, and a number of
important factors could cause actual results to differ materially
from those expressed in this press release. Please see the
Company's securities filings filed with the Securities and Exchange
Commission for a more detailed discussion of the risks and
uncertainties associated with the Company's business and other
significant factors that could affect the Company's actual results.
Except as otherwise required by Federal securities laws, the
Company undertakes no obligation to update or revise these
forward-looking statements to reflect new events or uncertainties.
The reference and link to the website www.180degreecapital.com has
been provided as a convenience, and the information contained on
such website is not incorporated by reference into this press
release. 180 is not responsible for the contents of third-party
websites.
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