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AB Private Credit Investors board approves lowered asset coverage requirement

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AB Private Credit Investors board approves lowered asset coverage requirement

AB Private Credit Investors Corp's board has approved modified asset coverage requirements.

As a result of the approval, the company's asset coverage requirements applicable to senior securities are anticipated to decrease to 150% from 200%, effective July 5, 2019, unless approved earlier by a vote of a majority of the company's shareholders.

AB Private Credit Investors is a unit of AB Pvt Credit Investors LLC.