{"id":387523,"date":"2020-11-24T08:03:28","date_gmt":"2020-11-24T13:03:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387523"},"modified":"2020-11-24T08:03:28","modified_gmt":"2020-11-24T13:03:28","slug":"harvest-capital-credit-corporation-announces-record-date-and-payment-date-for-previously-deferred-dividend-payments","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/harvest-capital-credit-corporation-announces-record-date-and-payment-date-for-previously-deferred-dividend-payments\/","title":{"rendered":"Harvest Capital Credit Corporation Announces Record Date and Payment Date for Previously Deferred Dividend Payments"},"content":{"rendered":"

<\/p>\n

Harvest Capital Credit Corporation Announces Record Date and Payment Date for Previously Deferred Dividend Payments<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nHarvest Capital Credit Corporation (the \u201cCompany,\u201d \u201cwe,\u201d or \u201cour\u201d) (NASDAQ: HCAP) today announced that the Board of Directors has determined a record date and payment date for the Company\u2019s previously declared but deferred March 2020 and April 2020 monthly dividends of $0.08 per share, respectively. These deferred dividends will now be payable in a single distribution of $0.16 per share on December 29, 2020 to shareholders of record at the close of business on December 15, 2020.\n<\/p>\n

\n\u201cWe previously deferred the record and payment dates for our March 2020 and April 2020 dividends in light of the unprecedented circumstances surrounding the COVID-19 pandemic, which was part of an overall plan to preserve liquidity,\u201d said Joseph Jolson, Chairman and CEO. \u201cIn light of the progress the Company has made paying down its bank line of credit and to avoid the imposition of a federal excise tax on the Company\u2019s undistributed earnings, the Board of Directors believes it is in the Company\u2019s best interests to make this dividend distribution prior to year-end,\u201d concluded Mr. Jolson.\n<\/p>\n

About Harvest Capital Credit Corporation<\/b><\/p>\n

\nHarvest Capital Credit Corporation (NASDAQ: HCAP) provides customized financing solutions to privately held small and mid-sized companies in the U.S., generally targeting companies with annual revenues of less than $100 million and annual EBITDA of less than $15 million. The company\u2019s investment objective is to generate both current income and capital appreciation primarily by making direct investments in the form of subordinated debt, senior debt and, to a lesser extent, minority equity investments. Harvest Capital Credit Corporation is externally managed and has elected to be treated as a business development company under the Investment Company Act of 1940.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not of historical fact (including statements containing the words \u201cbelieves,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cexpects,\u201d \u201cestimates,\u201d and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, except as may be required by law.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201124005314\/en\/<\/a><\/span><\/p>\n

Investor & Media Relations Contacts
\n<\/b>
Harvest Capital Credit Corporation\n<\/p>\n

\nJoseph A. Jolson
\n
Chairman & Chief Executive Officer
\n
(415) 835-8970
\n
jjolson@harvestcaps.com<\/a><\/p>\n

\nWilliam E. Alvarez, Jr.
\n
Chief Financial Officer
\n
(212) 906-3589
\n
balvarez@harvestcaps.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Consulting Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Harvest Capital Credit Corporation Announces Record Date and Payment Date for Previously Deferred Dividend Payments NEW YORK–(BUSINESS WIRE)– Harvest Capital Credit Corporation (the \u201cCompany,\u201d \u201cwe,\u201d or \u201cour\u201d) (NASDAQ: HCAP) today announced that the Board of Directors has determined a record date and payment date for the Company\u2019s previously declared but deferred March 2020 and April 2020 monthly dividends of $0.08 per share, respectively. These deferred dividends will now be payable in a single distribution of $0.16 per share on December 29, 2020 to shareholders of record at the close of business on December 15, 2020. \u201cWe previously deferred the record and payment dates for our March 2020 and April 2020 dividends in light of the unprecedented circumstances surrounding the COVID-19 … <\/p>\n

Continue reading “Harvest Capital Credit Corporation Announces Record Date and Payment Date for Previously Deferred Dividend Payments”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-387523","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHarvest Capital Credit Corporation Announces Record Date and Payment Date for Previously Deferred Dividend Payments - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/harvest-capital-credit-corporation-announces-record-date-and-payment-date-for-previously-deferred-dividend-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Harvest Capital Credit Corporation Announces Record Date and Payment Date for Previously Deferred Dividend Payments - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Harvest Capital Credit Corporation Announces Record Date and Payment Date for Previously Deferred Dividend Payments NEW YORK–(BUSINESS WIRE)– Harvest Capital Credit Corporation (the \u201cCompany,\u201d \u201cwe,\u201d or \u201cour\u201d) (NASDAQ: HCAP) today announced that the Board of Directors has determined a record date and payment date for the Company\u2019s previously declared but deferred March 2020 and April 2020 monthly dividends of $0.08 per share, respectively. 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