Registered as an externally managed, non-diversified and closed-end management investment company, Garrison Capital, Inc. continues to generate its income and capital appreciated from their investments that were mainly made on debt securities and loans. The business is listed on the NASDAQ and publicly trade its common shares under the ticker symbol GARS. Compared to other investment businesses, the company is treated as a regulated investment company under the federal tax code.
The investments made by the company are strongly focused on middle-market companies that are capable of generating between $5 million and $30 million in annual earnings before interest, taxes and depreciation (EBITDA). The company is focused on capital preservation and continues to invest between $10 million to $25 million per transaction. Through their 7 member investment committee, the business continues to scrutinize every investment move they make. Prior to investing, they complete a rigorous progress of understanding how the business works and its probability to sustain its operations for a long time. The strategy of the business is to invest in first and second lien, mezzanine loans and unitranche. Though strongly focused on traditional direct lending, the business sometimes engages in purchasing loans in the secondary market. These investments have already been diagnosed by their team of experts who check on the probability of loss of these assets.
It was in March 2013 that the business went public. Today, Garrison Capital, Inc. is listed as one of the components of the Wilshire 5000 Index. It continues to provide value to its shareholders and ensure company growth by making highly calculated risks in investing.