Callidus Capital plunges after scrapping dividend: Reuters
Shares of Callidus Capital Corp, owned by Canadian private equity firm Catalyst Capital Group, slumped nearly 29 percent on Friday after the Canadian specialty lender eliminated its dividend payments to support business growth, Reuters reported. Callidus closed a new loan for about $125 million, signaling a resumption of growth its loan portfolio, the company said. In March, Reuters published an investigation that raised questions about how Catalyst values the companies in its portfolios, including Callidus, a core holding across its private equity funds.
16 July 2018•1 min read
