Investor Alert: Kaplan Fox Announces Investigation Of Triangle Capital Corporation

NEW YORK, Nov. 16, 2017 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Triangle Capital Corporation ("Triangle Capital" or the "Company") (NYSE: TCAP).  Investors who purchased Triangle Capital common stock may be affected.

On November 2, 2017, Triangle Capital announced third quarter 2017 financial results, including "meaningful write-downs of certain debt investments which previously have been carried below cost," and $0.36 per share net investment income that was lower than analysts' projections.  Further, the Company's Chairman and CEO, E. Ashton Poole, stated "certain legacy investments, predominantly associated with investment vintages 2014 and 2015, are underperforming from a credit perspective" and that "[a]s we take aggressive action to move through these legacy investments as quickly as possible, our Board has lowered our quarterly dividend to $0.30 per share."

Following these disclosures, Triangle Capital's share price fell $2.57 per share, or nearly 21%, to close at $9.68 per share on November 2, 2017.

If you are an investor in Triangle Capital and would like to discuss our investigation, please contact us by emailing [email protected] or by calling 800-290-1952. 

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, the action, your rights, or your interests, please contact:

Donald R. Hall
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
E-mail: [email protected]

SOURCE Kaplan Fox & Kilsheimer LLP