LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Triangle Capital Corporation (“Triangle Capital” or the “Company”) (NYSE: TCAP) investors concerning the Company and its officers’ possible violations of federal securities law. To obtain information or aid in the investigation, please visit the Triangle Capital investigation page on our website at www.glancylaw.com/case/triangle-capital-corporation.
On November 1st and 2nd, 2017, Triangle Capital announced its third quarter results, which included lower-than-projected net investment income of $0.36 per share, and “meaningful write-downs of certain debt investments.” The Company disclosed that it marked down Passport Food Group due to lower sales and an overall performance decline.
On this news, Triangle Capital’s stock price fell $2.57 per share, or nearly 21%, to close at $9.68 on November 2, 2017, thereby injuring investors.
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If you purchased Triangle Capital securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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