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EX-99.1 - EXHIBIT 99.1 - CROSSROADS LIQUIDATING TRUST | a50949359-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 |
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. |
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By: |
/s/ Timothy J. Keating |
Timothy J. Keating |
|||
President and Chief Executive Officer |
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