TICC Capital Corp. TICC
announced today that the United States District Court for the District
of Connecticut has denied NexPoint Advisors, L.P.'s ("NexPoint") motion
for preliminary injunction seeking to have its director nominees
recognized on the ballot for TICC's previously announced special meeting
of stockholders. The Court recognized that, as disclosed in TICC's proxy
materials, TICC's board would only be expanded if TICC's stockholders
voted in favor of the new investment advisory agreement with an
affiliate of Benefit Street Partners, LLC ("BSP"). The Court rejected
NexPoint's claim that it had the right to put six directors up for
election at the special meeting.
The Court recognized that NexPoint's
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in