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Stock Market & Financial Investment News

News Breaks
May 29, 2014
17:42 EDTGARSGarrison Capital receives 'green light' letter from U.S. SBA
Garrison Capital announced that the U.S. Small Business Administration has issued a "green light" letter the company to proceed with an application to obtain a license to form and operate a Small Business Investment Company subsidiary. If approved, an SBIC license would be expected to provide Garrison Capital with an incremental source of long-term financing. Receipt of a green light letter from the SBA does not assure an applicant that the SBA will ultimately issue an SBIC license and Garrison Capital has received no assurance or indication from the SBA that it will receive an SBIC license, or of the timeframe in which it would receive a license, should one ultimately be granted.
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August 22, 2014
07:36 EDTGARSGarrison Capital shares attractive, says Oppenheimer
Oppenheimer finds Garrison's valuation attractive, and the firm notes that the company has a dividend yield of 9.5%. The firm thinks the company's Q3 pipeline looks strong, while the approval it received for its SBIC license is likely to boost its earnings.

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