SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Capitala Finance Corporation - CPTA

NEW YORK, Dec. 28, 2017

The investigation concerns whether Capitala and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

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On January 4, 2016, Capitala announced that Capitala Investment Advisors, LLC ("Capitala Investment Advisors"), the affiliate that manages the Company's investment activities, had agreed to waive its quarterly incentive fee.  On August 7, 2017, Capitala disclosed that six of its investments were on non-accrual status—twice as many as in the previous quarter.  On August 8, 2017, the Company disclosed that Capitala Investment Advisors had been losing professional talent in underwriting and portfolio management since waiving its incentive fee, which had caused an increase in the number of the Company's nonaccrual investments. 

On this news, Capitala's share price fell $3.82, or approximately 30%, over the next three trading days to close at $8.99 on August 10, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com