Current Report Filing (8-k)
June 23 2014 - 5:09PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
___________________________________
FORM 8-K
Current
Report Pursuant to Section 13 or 15(d) of
the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 23, 2014
FULL CIRCLE CAPITAL CORPORATION
(Exact name of registrant as specified in
its charter)
Maryland |
814-00809 |
27-2411476 |
(State or other jurisdiction |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
of incorporation) |
|
|
800 Westchester Ave., Suite S-620
Rye Brook, NY 10573
(Address of principal
executive offices and zip code)
Registrant’s
telephone number, including area code: (914) 220-6300
Check the appropriate box below if the Form 8-K is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On June 23, 2014, Full Circle Capital Corporation issued a press
release. The text of the press release is included as an exhibit to this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. |
Description |
|
|
99.1 |
Press release dated June 23, 2014 |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 23, 2014 |
FULL CIRCLE CAPITAL CORPORATION |
|
|
|
|
|
By: /s/ John E. Stuart |
|
John E. Stuart |
|
Co-Chief Executive Officer |
Exhibit 99.1
![](image_003.jpg)
Full
Circle Capital Announces Formation of
FC
Capital Investment Partners
RYE BROOK, NY, June 23, 2014 – Full
Circle Capital Corporation (NASDAQ: FULL) (“Full Circle Capital”) today announced the formation of FC Capital Investment
Partners (“FCIP”).
FCIP is a multiple series private fund
for which Full Circle Capital will serve as the managing member and investment adviser. The investment objectives and investment
terms of each particular series may vary. Each particular series will primarily be funded through capital commitments by third
party accredited or institutional investors. Full Circle Capital expects to receive certain fees or other distributions from FCIP
in connection with the services it provides to each series FCIP may issue. Full Circle Capital intends to co-invest in certain
transactions with FCIP where Full Circle Capital determines that the aggregate available investment opportunity exceeds what it
believes would be appropriate for Full Circle Capital to acquire directly. Additionally, FCIP may invest in opportunities that
fall outside of the investment mandate of Full Circle Capital.
“We believe the formation of FCIP
will provide Full Circle Capital with several benefits. Most importantly, we anticipate that FCIP will provide capital resources
that will enable Full Circle Capital to lead and control larger transactions in conjunction with FCIP, thereby expanding our addressable
market and enhancing Full Circle Capital’s competitive position,” said Gregg J. Felton, President and Co-Chief Executive
Officer. “We believe that the investment management fees earned through these vehicles will also provide Full Circle Capital
with an additional stable source of incremental revenue and income.”
Full Circle Capital closed its first series
of FCIP on June 17, 2014, raising approximately $5.6 million of capital. These funds were co-invested with Full Circle Capital
in an asset in which the investment opportunity exceeded Full Circle Capital’s ability to invest relative to its current
balance sheet concentration limits.
About Full Circle Capital
Full Circle Capital Corporation (NASDAQ:
FULL) is a Rye Brook, New York based closed-end investment company that has elected to be treated as a business development company
under the Investment Company Act of 1940. Full Circle Capital lends to and invests in senior secured loans and, to a lesser extent,
mezzanine loans and equity securities issued by smaller and lower middle-market companies that operate in a diverse range of industries.
Full Circle Capital’s investment objective is to generate both current income and capital appreciation through debt and equity
investments. For additional information visit the company’s website, www.fccapital.com.
Forward-Looking Statements
This press release contains forward-looking
statements which relate to future events or Full Circle Capital's future performance or financial condition. Any statements that
are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates,"
"expects," "estimates" and similar expressions) should also be considered to be forward-looking statements.
These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and
uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors,
including those described from time to time in Full Circle Capital's filings with the Securities and Exchange Commission. Full
Circle Capital undertakes no duty to update any forward-looking statements made herein.
Company Contacts: |
Investor Relations Contacts: |
John Stuart, Co-Chief Executive Officer |
Stephanie Prince |
Gregg J. Felton, Co-Chief Executive Officer |
Jody Burfening |
Full Circle Capital Corporation |
LHA |
914-220-6300 |
212-838-3777 |
info@fccapital.com |
sprince@lhai.com
|
###
Full Circle Capital Corp. (MM) (NASDAQ:FULL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Full Circle Capital Corp. (MM) (NASDAQ:FULL)
Historical Stock Chart
From Jul 2023 to Jul 2024