NorthStar Corporate Income, Inc. Announces Submission of Registration Statement for $1.0 Billion Initial Public Offering
NEW YORK, Dec. 4, 2014 /PRNewswire/ -- NorthStar Corporate Income, Inc. (the "Company") announced today that it confidentially filed a registration statement on Form N-2 with the U.S. Securities and Exchange Commission (the "SEC") relating to its proposed $1.0 billion initial public offering of common stock. The Company intends to operate as a public, non-traded business development company that will be externally managed by affiliates of its co-sponsors, NorthStar Asset Management Group Inc. and Och-Ziff Capital Management Group LLC. The Company plans to use the net proceeds from its initial public offering to originate or acquire senior and subordinated debt investments in a broad array of small and middle-market U.S. companies. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.
This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933, as amended. As required by Rule 135, this press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
Forward Looking Statements
This press release contains certain "forward‑looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward‑looking statements are generally identifiable by use of forward‑looking terminology such as "intends," "plans," "expects" or other similar words or expressions. Forward-looking statements are not guarantees of performance and are based on certain assumptions, discuss future expectations, describe plans and strategies, contain projections of results of operations or of financial condition or state other forward-looking information. Such statements include, but are not limited to, the Company's completion of the registration process with the SEC and state securities agencies, whether or not the Company's registration statement on Form N-2 is declared effective by the SEC, the Company's ability to use the net proceeds of the initial public offering to originate or acquire senior and subordinated debt investments in a broad array of small and middle-market U.S. companies and whether or not the Company qualifies as a business development company. Any forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.
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SOURCE NorthStar Corporate Income, Inc.
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