SHAREHOLDER ALERT: Hynes Keller & Hernandez, LLC Announces Investigation of Triangle Capital Corporation (TCAP)

NEW YORK, Nov. 28, 2017 /PRNewswire/ -- Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of Triangle Capital Corporation ("Triangle Capital" or the "Company") (NYSE: TCAP) concerning possible breaches of fiduciary duty arising from allegations that certain officers and directors of Triangle Capital made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects.

On November 2, 2017, Triangle Capital announced quarterly results that included a lower-than-projected $0.36 per-share net investment income, and "meaningful write-downs of certain debt investments which previously have been carried below cost."  While the Company's investment in Passport Food Group ("Passport") was carried at an 8% premium to par in the previous quarter, it was marked at an 8% discount to par for Triangle Capital's most recent quarter.  The Company cited an unexpected loss in Passport's product line, resulting in lower sales and overall performance decline.

On these disclosures, Triangle Capital's share price fell $2.57, or 20.98%, to close at 9.68 on November 2, 2017.

Click here for more information about our investigation of TCAP: https://www.hkh-lawfirm.com/investigations-cases/triangle-capital-corporation-tcap/

Hynes Keller & Hernandez, LLC is a shareholder rights law firm that represents institutional and individual investors.  The firm is focused on providing exemplary legal services in the area of shareholder litigation. The firm has an experienced litigation team which has achieved significant victories on behalf of the firm's clients.  You can visit our website at www.hkh-lawfirm.com for more information.  Attorney advertising. Prior results do not guarantee similar outcomes.

If you hold shares in TCAP and would like to obtain additional information about your legal rights and protect your investment, please visit our website at https://www.hkh-lawfirm.com/investigations-cases/triangle-capital-corporation-tcap/ or contact the attorneys below.  There is no cost or obligation to you. 

View original content:http://www.prnewswire.com/news-releases/shareholder-alert-hynes-keller--hernandez-llc-announces-investigation-of-triangle-capital-corporation-tcap-300561976.html

SOURCE Hynes Keller & Hernandez, LLC