OHA Investment Corporation Announces Quarterly Distribution of $0.02 per Share
12 9월 2019 - 5:25AM
OHA Investment Corporation (NASDAQ: OHAI) (the “Company”) today
announced that its Board of Directors has declared a quarterly
distribution of $0.02 per share.
Quarterly Distribution
DeclarationThe quarterly distribution in the amount of
$0.02 per common share will be paid October 9, 2019 to stockholders
of record as of September 30, 2019. Distributions are paid
from taxable earnings and may include a return of capital and/or
capital gains. The amount of distributable income for each quarter
depends on the aggregate gains and losses realized by the Company
during the entire year. Distributions may consist of net investment
income, capital gains and return of capital, but the character of
these distributions cannot be determined with certainty until after
the end of the Company’s fiscal year. The specific tax
characteristics of distributions paid during calendar 2019 will be
reported to each stockholder on Form 1099-DIV after the end of the
calendar year.
The Board of Directors of the Company has the
discretion to change the amount of the distribution in any given
quarter based on the Company’s estimate, as of that quarter, of its
taxable income for the year. The Company’s estimate of its
taxable income for 2019, and therefore the amount of each quarterly
distribution in 2019, may change depending on a variety of factors,
including the performance of the Company’s portfolio
investments.
The Company has an “opt out” dividend
reinvestment plan, or “DRIP,” for its stockholders.
Consequently, when the Company declares a distribution,
stockholders who have not opted out of the DRIP automatically have
their distribution reinvested in shares of the Company’s stock,
rather than receiving it in cash. A stockholder who has
elected to receive distributions in cash may re-enroll in the DRIP
at any time by notifying the plan administrator.
About OHA Investment
CorporationOHA Investment Corporation (NASDAQ: OHAI) is a
specialty finance company designed to provide its investors with
current income and capital appreciation. OHAI focuses primarily on
providing creative direct lending solutions to middle market
private companies across industry sectors. OHAI is externally
managed by Oak Hill Advisors, L.P., a leading independent
investment firm (www.oakhilladvisors.com). Oak Hill Advisors
has deep experience in direct lending, having invested $6.9 billion
in over 150 direct lending investments over the past 15 years.
Forward-Looking StatementsThis
press release may contain forward-looking statements. We may use
words such as "anticipates," "believes," "intends," "plans,"
"expects," "projects," "estimates," "will," "should," "may" and
similar expressions to identify forward-looking statements. These
forward-looking statements are subject to various risks and
uncertainties. Certain factors could cause actual results and
conditions to differ materially from those projected, including the
uncertainties associated with the timing or likelihood of
transaction closings, changes in interest rates, availability of
transactions, the future operating results of our portfolio
companies, regulatory factors, changes in regional, national, or
international economic conditions and their impact on the
industries in which we invest, other changes in the conditions of
the industries in which we invest and other factors enumerated in
our filings with the Securities and Exchange Commission (the
"SEC"). You should not place undue reliance on such forward-looking
statements, which speak only as of the date they are made. We
undertake no obligation to update our forward-looking statements
made herein, unless required by law.
Persons considering an investment in OHA
Investment Corporation should consider the investment objectives,
risks, and charges and expenses of the Company carefully before
investing. Such information and other information about us is
available in our annual report on Form 10-K, in our quarterly
reports on Form 10-Q and in our current reports on Form 8-K. Such
materials are filed with the SEC and copies are available on the
SEC's website, www.sec.gov, and in the Investor Relations section
of our website at www.ohainvestmentcorporation.com. Prospective
investors should read such materials carefully before
investing.
CONTACTS: Steven T. Wayne –
President and Chief Executive OfficerCory E. Gilbert – Chief
Financial OfficerKahyeong Lee – Chief Compliance
OfficerOHAICInvestorRelations@oakhilladvisors.com
For media inquiries, contact Kekst and Company,
(212) 521-4800Jeremy Fielding – Jeremy.Fielding@kekst.com
OHA Investment (NASDAQ:OHAI)
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OHA Investment (NASDAQ:OHAI)
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