GSV Capital Corp. Announces Adjustment to Conversion Rate of 5.25% Convertible Senior Notes Due 2018
24 August 2016 - 10:05PM
GSV Capital Corp. (the “Company” or “GSV Capital”)
(Nasdaq:GSVC), today announced an adjustment to the conversion rate
of its 5.25% Convertible Senior Notes due 2018 (the “Convertible
Senior Notes”). The adjustment to the Convertible Senior Notes was
made as a result of the cash dividend declared by the Company’s
Board of Directors on August 3, 2016, which is payable on August
24, 2016 to the Company’s stockholders of record as of the close of
business on August 16, 2016 (the “Record Date”).
As a result of the dividend, effective after the close of
business on the Record Date, the conversion rate of the Convertible
Senior Notes adjusted to 83.3596 shares of common stock per $1,000
principal amount of the Convertible Senior Notes, which is
equivalent to a conversion price of approximately $12.00 per share
of the Company’s common stock, from the conversion rate of 82.7567
shares of common stock per $1,000 principal amount of the
Convertible Senior Notes, which was equivalent to a conversion
price of approximately $12.08 per share of the Company’s common
stock. The Convertible Senior Notes mature on September 15, 2018,
unless previously repurchased or converted in accordance with their
terms.
About GSV Capital Corp.
GSV Capital Corp. (GSVC) is a publicly traded investment fund
that seeks to invest in high-growth, venture-backed private
companies. Led by industry veteran Michael Moe, the fund seeks to
create a portfolio of high-growth emerging private companies via a
repeatable and disciplined investment approach, as well as to
provide investors with access to such companies through its
publicly traded common stock. GSV Capital is headquartered in
Woodside, CA. www.gsvcap.com
Follow GSV Capital on Twitter: @gsvcap
Forward-Looking Statements
Statements included herein may constitute “forward-looking
statements,” which relate to future events or our future
performance or financial condition. These statements are not
guarantees of our future performance, condition or results and
involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described from time
to time in filings with the SEC. GSV Capital Corp. undertakes no
duty to update any forward-looking statements made herein, unless
required to do so by law.
Contact
GSV Capital Corp.
(650) 235-4769
IR@gsvam.com
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