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Garrison Capital lowers asset coverage ratio

Garrison Capital Inc.'s stockholders on Aug. 14, 2018, approved the reduction in the company's asset coverage requirements ratio to 150% from 200%.

The new asset coverage requirements ratio was effective Aug. 15, 2018. As of March 31, 2019, and Dec. 31, 2018, Garrison's asset coverage for borrowed amounts was 159.0% and 167.1%, respectively.