{"id":8759,"date":"2016-09-02T08:24:57","date_gmt":"2016-09-02T12:24:57","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=8759"},"modified":"2016-09-02T08:24:57","modified_gmt":"2016-09-02T12:24:57","slug":"nexpoint-advisors-announces-management-proposal-to-the-board-of-directors-of-the-business-development-corporation-of-america-bdvc","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/nexpoint-advisors-announces-management-proposal-to-the-board-of-directors-of-the-business-development-corporation-of-america-bdvc\/","title":{"rendered":"NexPoint Advisors Announces Management Proposal to the Board of Directors of the Business Development Corporation of America (BDVC)"},"content":{"rendered":"
\n

NexPoint Advisors Announces Management Proposal to the Board of Directors of the Business Development Corporation of America (BDVC)<\/h1>\n

AUG 30, 2016, 21:24 ET<\/p>\n

\"\"<\/p>\n

News provided by\u00a0NexPoint Advisors, L.P.<\/a><\/p>\n

\n
\n
\n
\n
\n

DALLAS<\/span>, Aug. 30, 2016<\/span> \/PRNewswire\/ —\u00a0NexPoint Advisors, L.P. (“NexPoint<\/b>“) announced today that it has submitted a compelling management proposal to the Board of Directors (the “Board<\/b>“) of the Business Development Corporation of America (the “Company<\/b>“) (BDVC), a closed-end investment company that is regulated as a business development company.\u00a0 The Company previously announced on\u00a0July 26, 2016\u00a0that BDCA Adviser, LLC (the “Adviser<\/b>“) had entered into a membership interest purchase agreement with BSP Acquisition I, LLC (together with its affiliates, “BSP<\/b>“) to sell 100% of the issued and outstanding membership interests in the Adviser (the “BSP Proposal<\/b>“).<\/p>\n

NexPoint’s proposal includes the following superior terms that are absent from the BSP proposal:<\/p>\n