SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Triangle Capital Corporation (TCAP)

NEW YORK, Nov. 16, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Triangle Capital Corporation  ("Triangle Capital" or the "Company") (NYSE: TCAP). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/tcap.

The investigation concerns whether Triangle Capital and certain of its officers and/or directors have violated Federal Securities Laws.

On November 2, 2017, Triangle Capital announced quarterly results that included a lower-than-projected $0.36 per-share net investment income, and "meaningful write-downs of certain debt investments which previously have been carried below cost."  While the Company's investment in Passport Food Group ("Passport") was carried at an 8% premium to par in the previous quarter, it was marked at an 8% discount to par for Triangle Capital's most recent quarter. The Company cited an unexpected loss in Passport's product line, resulting in lower sales and an overall performance decline. Following this news, Triangle Capital stock dropped $2.57 per share, or 20.98%, to close at $9.68 on November 2, 2017.

If you are aware of any facts relating to this investigation, or purchased Triangle Capital shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/tcap. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.  

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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