Ystrategies (OTCMKTS: YSTR) Confirms Intent To Become Business Development Company
San Francisco, CA (PRWEB) October 04, 2016 -- Ystrategies (OTCMKTS: YSTR) today confirmed its intent to register with the SEC as a Business Development Company (BDC). The filing process will commence in the fourth quarter of 2016.
Upon approval, Ystrategies will become a publicly traded BDC and a regulated investment company (RIC), with investor advantages enabling more effective investment in early stage businesses. As such, Ystrategies would be required to distribute at least 90% of its net income to investors in a pass-through structure, with Ystrategies paying minimal corporate income tax.
“This is a key component of our long term strategy,” said Jim Kiles, Chairman and CEO of Ystrategies. “BDC status will give us access to capital to support growing companies. Regular dividend distribution and quarterly investment value reporting will give investors an accurate picture of our progress.”
Ystrategies Corp., with offices in San Francisco, CA and Pittsburgh, PA, invests in, licenses, acquires and commercializes advanced technology and high-value intellectual property through agreements with government agencies, universities and private technology companies. Winston & Strawn LLP has been retained as Ystrategies’ primary legal counsel and will, among other things, assist with Ystrategies’ prospective investments in startup companies.
Jim Kiles, Ystrategies, +1 (415) 317-2956, [email protected]
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