NexPoint Advisors, L.P. (“NexPoint”) announced on Friday, September 11 it submitted to TICC Capital Corp. (the “Company”) (NASDAQ: TICC) an alternative slate of six qualified directors for election at the shareholders’ meeting of the Company to be held on October 27, 2015: Dr. Bob Froehlich, John Honis, Timothy K. Hui, Ethan Powell, William M. Swenson and Bryan A. Ward (collectively, the “Nominees”). NexPoint continues to be gravely concerned that the Company and its current Board of Directors have neglected their fiduciary obligations to the Company and its shareholders by repeatedly failing to engage in any meaningful dialogue regarding the terms of our superior management proposals, especially in light of our express willingness to consider further enhancements. Shockingly, the Company’s shenanigans continue as the Secretary of the Company attempted to reject on Friday our timely and validly delivered nomination of a competing slate of qualified directors, in what we believe is a clear attempt to deprive the Company’s shareholders of their statutory nomination rights and the freedom of choice to elect directors they believe will best represent shareholders. We do not take these actions lightly, and feel it is imperative that both the Company’s shareholders as well as applicable regulators are fully aware of this apparent misconduct in assessing the actions of the Company and the Board… Read the full release here.
September 17, 2015
September 15, 2015
August 19, 2015
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