NEW YORK, April 16, 2019 /PRNewswire/ -- The Stilwell
Group, the largest shareholder of Alcentra Capital Corporation (the
"Company")(NASDAQ: ABDC), today announced that it has mailed a
letter to its fellow owners of the Company.
The full letter to shareholders is set forth below and the
accompanying slides referenced in the letter are available for
viewing at www.okapivote.com/alcentra.
April
15, 2019
Dear Fellow ABDC Owner,
We are the largest shareholder of the Company. We have
nominated two directors for election at the 2019 Annual Meeting of
Shareholders.
We believe the Company should be sold to the highest bidder or
liquidated. The accompanying slides explain our
position.
Sincerely,
Megan
Parisi
917-881-8076
mparisi@stilwellgroup.com
Enclosure
Investor Contact:
The Stilwell Group
Megan Parisi
(917) 881-8076
mparisi@stilwellgroup.com
CERTAIN INFORMATION CONCERNING THE
PARTICIPANTS
Stilwell Activist Investments, L.P. and Stilwell Value Partners
VII, L.P., together with the other participants named herein
(collectively, "Stilwell"), intend to file a preliminary proxy
statement and accompanying proxy card with the Securities and
Exchange Commission ("SEC") to be used to solicit votes for the
election of their slate of director nominees at the 2019 annual
meeting of stockholders of Alcentra Capital Corporation, a
Maryland corporation (the
"Company").
STILWELL STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO
READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH
PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB
SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS
PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT
WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES
SHOULD BE DIRECTED TO THE PARTICIPANTS' PROXY SOLICITOR.
The participants in the proxy solicitation are Stilwell Activist
Investments, L.P. ("Stilwell Activist Investments"), Stilwell Value
Partners VII, L.P. ("Stilwell Value Partners VII"), Stilwell
Activist Fund, L.P. ("Stilwell Activist Fund"), Stilwell
Associates, L.P. ("Stilwell Associates"), Stilwell Value LLC
("Stilwell Value LLC"), Joseph
Stilwell, Corissa B.
Porcelli, Michelle D. Bergman
and Kerry G. Campbell.
As of the date hereof, Stilwell Activist
Investments directly owns 402,367 shares of Common Stock, par
value $0.001, of the Company (the
"Common Stock"). As of the date hereof, Stilwell Value
Partners VII directly owns 344,285 shares of Common Stock. As
of the date hereof, Stilwell Activist Fund directly owns 204,840
shares of Common Stock. As of the date hereof, Stilwell
Associates directly owns 150,000 shares of Common Stock.
Stilwell Value LLC, as the general partner of each of Stilwell
Activist Investments, Stilwell Value Partners VII, Stilwell
Activist Fund, and Stilwell Associates, may be deemed the
beneficial owner of the 1,101,491 shares of Common Stock owned
directly by Stilwell Activist Investments, Stilwell Value Partners
VII, Stilwell Activist Fund, and Stilwell Associates. Mr. Stilwell,
as the managing member and owner of Stilwell Value LLC, may be
deemed the beneficial owner of the 1,101,491 shares of Common Stock
owned directly by Stilwell Activist Investments, Stilwell Value
Partners VII, Stilwell Activist Fund, and Stilwell
Associates.
Stilwell Activist Investments has entered into certain
cash-settled total return swap agreements that constitute economic
exposure to an aggregate of 269,873 notional shares of Common
Stock.
As of the date hereof, Ms. Porcelli, Ms. Bergman, and Mr.
Campbell do not own any shares of Common Stock.
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SOURCE The Stilwell Group