CROSSROADS CAPITAL, INC.
Crossroads Capital, Inc. (the “Company” or “Crossroads Capital”), formerly known as BDCA Venture, Inc., is a closed-end fund regulated as a business development company under the 1940 Act.
On January 22, 2016, Crossroads Capital’s Board of Directors (the “Board”) approved a change in the Company's investment objective to:
“The Company's new investment objective is to preserve capital and maximize shareholder value. The Company seeks to achieve its investment objective by pursuing the sale of its portfolio investments, limiting expenses and deploying surplus cash as appropriate, including into yielding investments to offset operating expenses.”
While the Board plans to distribute cash proceeds to shareholders from the sale or other monetization of portfolio investments, no assurance can be given regarding the timing of or values realized from such transactions. Further, while the Board will adhere to its previously announced determination not to invest in new venture companies, the Company may consider making opportunistic follow-on investments in its existing portfolio companies. The Board reserves the right to modify or terminate this plan at any time or to consider additional strategic alternatives.