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Karen Person – CEO of Select Business and Corporation Opportunities, Inc. (PINK:SBCO)
Pursuant to the Small Business Investment Incentive Act of 1980 (“BDC Act”), Congress established business development companies or BDCs as a form of hybrid closed-end investment companies under the Investment Company Act of 1940, as amended (“Investment Company Act”) designed to provide capital to mostly private companies, certain other designated companies and financially troubled companies lacking access to public capital markets, financial and operational management expertise and miscellaneous forms of traditional equity and debt capital. BDCs serve as publicly-traded, private [...]
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