Scott+Scott, Attorneys at Law, LLP Alerts Investors to the Filing of Securities Class Actions Against Triangle Capital Corporation (TCAP)

NEW YORK, Nov. 30, 2017

Triangle is a business development company that provides customized financing to lower middle market companies located primarily in the United States.

The lawsuit alleges that Defendants made a series of materially false and misleading statements and omitted to disclose material information concerning the true overall quality of Triangle's investment portfolio.

On November 1, 2017, Triangle announced financial results and revealed that the fair value of its investment portfolio had nearly 7% from the prior quarter and that it had suffered $8.9 million in net realized losses and $65.8 million in net unrealized depreciation to its portfolio during the quarter.  Triangle also revealed that it had placed seven new investments on non-accrual status during the quarter, effectively acknowledging that those assets were unlikely to generate future returns, and that the amount of investments on non-accrual had ballooned to 13.4% and 4.7% of the Company's total portfolio at cost and at fair value, respectively.

On this news, Triangle's share price fell $2.57, about 21%, to close at $9.68 on November 2, 2017.

What You Can Do

If you purchased Triangle common stock between May 7, 2014 and November 1, 2017, inclusive, or if you have questions about this notice or your legal rights, please contact attorney Rhiana Swartz at (844) 818-6980, or at rswartz@scott-scott.com.  Investors have until January 22, 2018, to move for lead plaintiff.