CONTACTS
| From: Anthony J. DeFazio | For: Brian S. Block, EVP & CFO |
| DeFazio Communications, LLC | Business Development Corporation of America |
| tony@defaziocommunications.com | bblock@arlcap.com |
| Ph: (484-532-7783) | Ph: (212-415-6500) |
FOR IMMEDIATE RELEASE
Business Development Corporation of America
Clarifies Special Common Stock Distribution
New York, NY, April 4, 2012 ˗ Business Development Corporation of America (“BDCA” or the “Company”) today clarified that the record date for its previously announced special common stock distribution will be paid to stockholders of record on May 1, 2012, payable on May 2, 2012, including those investors admitted as stockholders pursuant to the Company’s escrow break on May 1, 2012, which aligns with the Company’s original intent with respect to the payment of the special distribution. As previously announced, pursuant to the authorization of its board of directors,the Company declared a special common stock distribution equal to $0.05 per share. Accordingly, shareholders will receive 0.0049 of a share of the Company’s common stock for every share of common stock held of record as of May 1, 2012. This special distribution shall be paid exclusive of and in addition to the current annualized distribution of 7.90% per share, based on a $10.26 share price.
To arrange interviews with BDCA Adviser executives, please contact Tony DeFazio at 484-532-7783 ortony@defaziocommunications.com.
###
