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EX-99.1 - EXHIBIT 99.1 - CROSSROADS LIQUIDATING TRUSTa50949359-ex991.htm



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

September 22, 2014

BDCA VENTURE, INC.
(Exact name of registrant as specified in its charter)

Maryland

000-53504

26-2582882

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

5251 DTC Parkway, Suite 1100

Greenwood Village, CO  80111

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code:  (720) 889-0139

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01

Other Events.

Change in Investment Objective

On September 22, 2014, the Board of Directors (the “Board”) of BDCA Venture, Inc., a Maryland corporation (the “Company”), approved a change in the Company’s investment objective to focus primarily on debt investments in emerging growth companies that are typically backed by venture capital firms.  The Company’s new investment objective will be to:

“Maximize total return by generating current income from debt investments and, to a lesser extent, capital appreciation from equity and equity-related investments.”

Authorization of Share Repurchase Program

On September 22, 2014, the Board also authorized a stock repurchase program of up to $5 million. Under the program, the Company’s management is authorized to repurchase shares in open market transactions, including through block purchases, depending on prevailing market conditions and other factors.  

The stock repurchase program will be effective for six months from the date the Board adopted the stock repurchase program and will expire on March 22, 2015.  The repurchase program may be extended, modified or discontinued at any time for any reason.  

The program does not obligate the Company to acquire any specific number of shares, and all repurchases will be made in accordance with SEC Rule 10b-18, which sets certain restrictions on the method, timing, price and volume of stock repurchases.

A copy of the Company’s press release issued September 25, 2014, is attached as Exhibit 99.1 and is incorporated herein by this reference.

Item 9.01

Financial Statements and Exhibits.

 
(a) Not applicable.
 
(b) Not applicable.
 
(c) Not applicable.
 
(d) Exhibits.
 

Exhibit No.

Description

 
99.1

Press Release dated September 25, 2014




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SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date:

September 25, 2014

 

BDCA VENTURE, INC.

 

 

 

 

By:

/s/ Timothy J. Keating

Timothy J. Keating

President and Chief Executive Officer

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