UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 24, 2011
Corporate Capital Trust, Inc.
(Exact name of registrant as specified in its charter)
Commission file number: 814-00827
| | |
| Maryland | | 27-2857503 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
| |
CNL Center at City Commons 450 South Orange Avenue Orlando, Florida | | 32801 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (866) 745-3797
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events
(a) On October 24, 2011, our board of directors increased the public offering price of our continuous public offering of common stock from $10.00 per share to $10.25 per share. This increase in our public offering price is effective as of our next subscription closing scheduled for October 26, 2011. On October 24, 2011, we issued a press release announcing the increase in our public offering price to $10.25 per share. A copy of this press release is filed herewith as Exhibit 99.1 and incorporated by reference herein. As a result of the increase in our public offering price per share, our maximum sales load and the net proceeds per share will correspondingly increase from $1.00 to $1.025 and from $9.00 to $9.225, respectively. In accordance with the disclosures previously included in our prospectus, the public offering price may be subject to further changes in the event that net asset value per share increases above such net proceeds per share, or if our net asset value per share declines below 95% of the public offering price net of sales load (which is $8.77 per share) for ten continuous business days.
(b) On October 24, 2011, our board of directors declared a distribution that represents an annualized distribution yield of 7.0% based on our current public offering price of $10.25 per share. This declaration replaces the previously declared distribution policy for the period through December 20, 2011. The distributions are based on weekly record dates from October 25, 2011 through and including December 27, 2011. The distributions will be paid by us monthly in accordance with the schedule below. The annualized distribution yield should not be interpreted to be a measure of our current or future performances. It is anticipated that these distributions, in the aggregate, will be substantially supported by net investment income and, if any, realized gains. The sources of distributions will be disclosed in our regular financial reports. The record dates and payment dates will be as follows:
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| Record Date | | Distribution Payment Date | | Distribution Declared Per Share | |
October 25, 2011 | | November 30, 2011 | | $ | 0.013462 | |
November 1, 2011 | | November 30, 2011 | | | 0.013798 | |
November 8, 2011 | | November 30, 2011 | | | 0.013798 | |
November 15, 2011 | | November 30, 2011 | | | 0.013798 | |
November 22, 2011 | | November 30, 2011 | | | 0.013798 | |
November 29, 2011 | | January 4, 2012 | | | 0.013798 | |
December 6, 2011 | | January 4, 2012 | | | 0.013798 | |
December 13, 2011 | | January 4, 2012 | | | 0.013798 | |
December 20, 2011 | | January 4, 2012 | | | 0.013798 | |
December 27, 2011 | | January 4, 2012 | | | 0.013798 | |
Item 9.01. Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
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EXHIBIT NUMBER | | DESCRIPTION |
| |
| 99.1 | | Press release dated October 24, 2011. |
Forward-Looking Statements
Certain statements in this report are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally are characterized by the use of terms such as “may,” “will,” “should,” “plan,” “anticipate,” “estimate,” “predict,” “believe” and “expect” or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, actual results could differ materially from those set forth in the forward-looking statements. Given these uncertainties, we caution investors and potential investors not to place undue reliance on such statements. We undertake no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect future events or circumstances or to reflect the occurrence of unanticipated events.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| Dated: October 24, 2011 | | CORPORATE CAPITAL TRUST, INC. |
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| | By: | | /s/ Paul S. Saint-Pierre |
| | | | Paul S. Saint-Pierre |
| | | | Chief Financial Officer |
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