World News: 21:25 GMT Wednesday 11th September 2019. [OHA Investment Corporation via Globe Newswire via SPi World News]
NEW YORK, Sept. 11, 2019 (GLOBE NEWSWIRE) -- OHA Investment Corporation (NASDAQ: OHAI) (the “Company”) today announced that its Board of Directors has declared a quarterly distribution of $0.02 per share.
The Board of Directors of the Company has the discretion to change the amount of the distribution in any given quarter based on the Company’s estimate, as of that quarter, of its taxable income for the year. The Company’s estimate of its taxable income for 2019, and therefore the amount of each quarterly distribution in 2019, may change depending on a variety of factors, including the performance of the Company’s portfolio investments.
The Company has an “opt out” dividend reinvestment plan, or “DRIP,” for its stockholders. Consequently, when the Company declares a distribution, stockholders who have not opted out of the DRIP automatically have their distribution reinvested in shares of the Company’s stock, rather than receiving it in cash. A stockholder who has elected to receive distributions in cash may re-enroll in the DRIP at any time by notifying the plan administrator.
Persons considering an investment in OHA Investment Corporation should consider the investment objectives, risks, and charges and expenses of the Company carefully before investing. Such information and other information about us is available in our annual report on Form 10-K, in our quarterly reports on Form 10-Q and in our current reports on Form 8-K. Such materials are filed with the SEC and copies are available on the SEC's website, , and in the Investor Relations section of our website at . Prospective investors should read such materials carefully before investing.
For media inquiries, contact Kekst and Company, (212) 521-4800Jeremy Fielding –
Globe Newswire: 21:25 GMT Wednesday 11th September 2019
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