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Posted by / 09-May-2020 17:42

Capital liquidating

The exciting thing about Crossroads Capital is that in most scenarios, investors are at least made whole.My "downside" scenario is a 1.5 year time to liquidate at 0k per quarter and a 75% haircut on private asset valuations (excluding Metabolon which I value at a small discount to the sale done in November of 2016).In August 2016, XRDC hired Toronto-based Settler Capital to assist in the portfolio disposition.As stated in their latest annual report, "Our current investment objective (our "Investment Objective") is to preserve capital and maximize stockholder value by pursuing the sale of our portfolio investments, limiting expenses and deploying surplus cash as appropriate, including into yielding investments to offset, in part, operating expenses and, as of March 25, 2016, to monetize our portfolio holdings at the earliest practicable date." Since deciding to liquidate their portfolio, they have liquidated much of their private assets and currently have .16 per share in cash with only

I expect it likely that the proposals will be approved. Summary Crossroads Capital is a BDC that is liquidating and winding down.Andrew Dakos, Chairman of the Board of Directors of the Company and a principal of its largest shareholder, said, “We are pleased that shareholders have approved the Company’s conversion to a liquidating trust and expect the trust to make an initial distribution of

The exciting thing about Crossroads Capital is that in most scenarios, investors are at least made whole.My "downside" scenario is a 1.5 year time to liquidate at $500k per quarter and a 75% haircut on private asset valuations (excluding Metabolon which I value at a small discount to the sale done in November of 2016).In August 2016, XRDC hired Toronto-based Settler Capital to assist in the portfolio disposition.As stated in their latest annual report, "Our current investment objective (our "Investment Objective") is to preserve capital and maximize stockholder value by pursuing the sale of our portfolio investments, limiting expenses and deploying surplus cash as appropriate, including into yielding investments to offset, in part, operating expenses and, as of March 25, 2016, to monetize our portfolio holdings at the earliest practicable date." Since deciding to liquidate their portfolio, they have liquidated much of their private assets and currently have $2.16 per share in cash with only $0.04 in total liabilities.Inheriting a poorly performing investment portfolio made that a difficult and at times frustrating task.Nevertheless, our management team, led by CEO and President Ben Harris, has done an exceptional job in monetizing much of our portfolio, lowering expenses and managing Crossroads on a day to day basis.

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The exciting thing about Crossroads Capital is that in most scenarios, investors are at least made whole.

My "downside" scenario is a 1.5 year time to liquidate at $500k per quarter and a 75% haircut on private asset valuations (excluding Metabolon which I value at a small discount to the sale done in November of 2016).

In August 2016, XRDC hired Toronto-based Settler Capital to assist in the portfolio disposition.

As stated in their latest annual report, "Our current investment objective (our "Investment Objective") is to preserve capital and maximize stockholder value by pursuing the sale of our portfolio investments, limiting expenses and deploying surplus cash as appropriate, including into yielding investments to offset, in part, operating expenses and, as of March 25, 2016, to monetize our portfolio holdings at the earliest practicable date." Since deciding to liquidate their portfolio, they have liquidated much of their private assets and currently have $2.16 per share in cash with only $0.04 in total liabilities.

Inheriting a poorly performing investment portfolio made that a difficult and at times frustrating task.

.60 per share very soon.In the two years since the new board took over, the Company has sought to maximize shareholder value.The Company’s special meeting of stockholders was convened on June 2, 2017.Shareholders approved the Company’s withdrawal of its election to be regulated as a business development company under the Investment Company Act of 1940.

.04 in total liabilities.Inheriting a poorly performing investment portfolio made that a difficult and at times frustrating task.Nevertheless, our management team, led by CEO and President Ben Harris, has done an exceptional job in monetizing much of our portfolio, lowering expenses and managing Crossroads on a day to day basis.

I expect it likely that the proposals will be approved. Summary Crossroads Capital is a BDC that is liquidating and winding down.

Andrew Dakos, Chairman of the Board of Directors of the Company and a principal of its largest shareholder, said, “We are pleased that shareholders have approved the Company’s conversion to a liquidating trust and expect the trust to make an initial distribution of

I expect it likely that the proposals will be approved. Summary Crossroads Capital is a BDC that is liquidating and winding down.

Andrew Dakos, Chairman of the Board of Directors of the Company and a principal of its largest shareholder, said, “We are pleased that shareholders have approved the Company’s conversion to a liquidating trust and expect the trust to make an initial distribution of $1.60 per share very soon.

In the two years since the new board took over, the Company has sought to maximize shareholder value.

The Company’s special meeting of stockholders was convened on June 2, 2017.

Shareholders approved the Company’s withdrawal of its election to be regulated as a business development company under the Investment Company Act of 1940.

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I expect it likely that the proposals will be approved. Summary Crossroads Capital is a BDC that is liquidating and winding down.Andrew Dakos, Chairman of the Board of Directors of the Company and a principal of its largest shareholder, said, “We are pleased that shareholders have approved the Company’s conversion to a liquidating trust and expect the trust to make an initial distribution of $1.60 per share very soon.In the two years since the new board took over, the Company has sought to maximize shareholder value.The Company’s special meeting of stockholders was convened on June 2, 2017.Shareholders approved the Company’s withdrawal of its election to be regulated as a business development company under the Investment Company Act of 1940.

.60 per share very soon.

In the two years since the new board took over, the Company has sought to maximize shareholder value.

The Company’s special meeting of stockholders was convened on June 2, 2017.

Shareholders approved the Company’s withdrawal of its election to be regulated as a business development company under the Investment Company Act of 1940.

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LINCOLN, Neb., June 23, 2017 (GLOBE NEWSWIRE) -- Crossroads Capital, Inc.

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