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): December 22, 2014
CORPORATE CAPITAL TRUST, INC.
(Exact name of registrant as specified in its charter)
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| Maryland | | 814-00827 | | 27-2857503 |
(State or Other Jurisdiction of Incorporation or Organization) | | (Commission File Number) | | (IRS Employer Identification Number) |
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
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)) |
Decrease in Public Offering Price
On December 22, 2014, the board of directors of Corporate Capital Trust, Inc. (the “Company”, “we”, “us” or “our”), announced a decrease in the public offering price of our continuous public offering of common stock from $11.30 per share to $11.00 per share. The pricing decrease is effective for share subscriptions accepted after December 16, 2014. On December 23, 2014, we will issue a press release announcing the decrease in our public offering price to $11.00 per share. A copy of this press release is filed herewith as Exhibit 99.1 and incorporated by reference herein.
Declaration of Distribution
On December 22, 2014, our board of directors declared distribution rates per share of $0.015483, based on weekly record dates for the time period beginning on January 6, 2015 through and including January 27, 2015. With the new offering price, the annualized distribution rate will increase from 7.12% to 7.32%. It is anticipated that these distributions, in the aggregate, will be substantially supported by our taxable income and the sources of distributions will be disclosed in our regular financial reports. The distributions will be paid by us monthly in accordance with the schedule below:
| | | | | | | | |
| Distribution Record Date | | Distribution Payment Date | | | Declared
Distribution
Per Share | |
January 6, 2015 | | | January 28, 2015 | | | $ | 0.015483 | |
January 13, 2015 | | | January 28, 2015 | | | $ | 0.015483 | |
January 20, 2015 | | | January 28, 2015 | | | $ | 0.015483 | |
January 27, 2015 | | | January 28, 2015 | | | $ | 0.015483 | |
| Item 9.01. | Financial Statements and Exhibits. |
| | |
EXHIBIT
NUMBER | | DESCRIPTION |
| |
| 99.1 | | Press Release dated December 23, 2014 |
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
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
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| Date: December 22, 2014 | | | | | | CORPORATE CAPITAL TRUST, INC. a Maryland Corporation |
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| | | | By: | | /s/ Steven D. Shackelford |
| | | | | | Steven D. Shackelford President and Chief Financial Officer |
