What is TCG BDC, Inc. (“TCG BDC” or the “Company”)?
We are an externally managed, non-diversified closed-end investment company. Founded in February 2012, we elected to be regulated as a business development company, or BDC, under the Investment Company Act of 1940, as amended, in May 2013. In addition, we have elected to be treated as a regulated investment company, or RIC, for U.S. federal income tax purposes.
What is TCG BDC’s investment objective?
Our investment objective is to generate current income and capital appreciation primarily through debt investments in U.S. middle market companies, which we define as companies with approximately $25 million to $100 million of EBITDA. We seek to achieve our investment objective primarily through direct originations of secured debt, including first lien senior secured loans (which may include stand-alone first lien loans, first lien/last out and “unitranche” loans) and second lien senior secured loans, with the balance of our assets invested in higher yielding investments (which may include unsecured debt, mezzanine debt and investments in equities).
Where is TCG BDC’s common stock listed?
Our common stock is listed and traded on NASDAQ under ticker symbol “CGBD”. Information about our stock price and other related data can be found by visiting the Investor Dashboard
page on our website.
What is TCG BDC’s CUSIP number for its common stock?
TCG BDC’s CUSIP number for its common stock is 872280 102
Can I purchase shares directly from TCG BDC?
No. Investors may purchase TCG BDC shares only through a broker.
Where can I find information on TCG BDC’s net asset value (“NAV”)?
The net asset value per share may be obtained in our public filings (i.e. Forms 10-Q and 10-K) with the Securities and Exchange Commission via its website http://www.sec.gov
or by visiting our SEC Filings page.
Does TCG BDC pay a dividend?
Subject to Board approval, we intend to distribute quarterly dividends to shareholders of record.
Does TCG BDC have a Dividend Reinvestment Plan (DRIP)?
Yes. Registered shareholders are automatically enrolled in the dividend reinvestment plan and any cash dividends we declare will be automatically reinvested in additional shares of our common stock.
Please note: If you hold your shares through a bank, broker or other intermediary, please contact your bank, broker or other intermediary to inquire about dividend reinvestment options. The TCG BDC DRIP only applies to registered shareholders.
How can I opt out of the dividend reinvestment plan?
A registered shareholder may elect to receive a cash dividend in cash by notifying State Street Bank and Trust Company, the plan administrator, in writing at State Street Bank and Trust Company, One Heritage Drive, Floor 1, North Quincy, MA 02171 Attn: Multi Client Operations, so that such notice is received by the Plan Administrator no later than 10 days prior to the record date
Please note: if you hold your shares through a bank, broker or other intermediary, please contact your bank, broker or their intermediary directly about whether you participate in a dividend reinvestment plan and for instructions on how to 'opt out'.
Are dividends paid by TCG BDC “qualified dividends” for tax purposes?
No. Dividends paid by TCG BDC generally are not “qualified dividends” for tax purposes. As a regulated investment company under the Code, TCG BDC is only permitted to pay qualified dividends to the extent that it earns qualified dividends from its underlying investments. Since our investment objective is to invest in predominantly debt instruments, we do not expect to earn any qualified dividends.
Are dividends taxable to shareholders?
Dividends distributed by TCG BDC are taxable to our shareholders as ordinary income or capital gains. Our shareholders will receive, as promptly as possible after the end of each calendar year, a Form 1099-DIV reporting the amounts includible in such shareholder’s taxable income for such year as ordinary income and as long-term capital gain.
Am I a registered shareholder?
You are a registered shareholder if you hold shares of TCG BDC’s common stock registered in your name and you either hold a certificate representing such shares or such shares are held in book-entry form with our transfer agent, State Street. If you purchased shares through a broker, bank, or other intermediary, the shares might not be registered in your name but instead may be registered in the name of the broker, bank, or other intermediary (held in “street name”).
Who is the transfer agent for TCG BDC common stock?
Our Transfer Agent is State Street Bank and Trust Company.
How can I obtain additional information about TCG BDC?
Additional information can be requested by visiting the Contact Us
page on our website.