Is Triangle Capital Corporation a business development company?

Triangle Capital Corporation (www.TCAP.com) 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.

What happened to Triangle Capital Corporation?

Raleigh’s Triangle Capital Corporation has closed on the sale of its investment portfolio to an affiliate of New York-based Benefit Street Partners. The move, where TCAP would sell “substantially all of its investment portfolio” for $981.2 million in cash, had been announced in April and approved by shareholders last week.

Is triangle a regulated investment company?

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.