Chanticleer Launches New Dividend Fund with CapitalSouth Investments
To Provide Investor's Principle Protection while Supporting the U.S. Economy Backbone through Small and Middle-Market Lending Opportunities
CHARLOTTE, N.C., Jan. 21, 2011 /PRNewswire/ -- Chanticleer Holdings, Inc. (OTC Bulletin Board: CCLR ), announced today that it is launching the Chanticleer Dividend Fund, Inc. with an affiliate of CapitalSouth Investments, LLC, as sub-adviser.
Chanticleer Dividend Fund is a business development company (BDC) sponsored by a team of asset managers seeking to provide investors current yield and principle protection through income producing private debt and equity securities that are typically not available to the general public.
"Many investors have chosen to invest in dividend generating funds as protection from the instability of today's capital and credit markets," said Michael Pruitt, chief executive officer of Chanticleer. "Chanticleer is dedicated to providing our clients with products that promote principle protection, current income and long term capital appreciation."
Chanticleer Dividend Fund will focus on issuing first and second lien senior secured loans, but also expects to make subordinated loans, mezzanine loans, as well as income-generating, equity investments in small-middle market companies.
"Small and Mid-sized businesses are the backbone of the U.S. economy and have suffered greatly due to the lack of available financing through traditional financing channels," continued Pruitt. "We believe that there is a tremendous opportunity to invest in established, stable companies with strong cash-flow, ultimately delivering the yield and investment protection our clients are looking to obtain."
CapitalSouth will help identify investment opportunities by making formal investment recommendations for approval by Chanticleer Advisors, LLC. CapitalSouth has completed over 60 transactions since inception, representing over $2 billion in total transaction value financings.
A copy of the preliminary prospectus relating to these securities may be obtained, when available, from: Chanticleer Dividend Fund, Inc., 11220 Elm Lane, Suite 203, Charlotte, NC 28277 or by visiting www.chanticleerdividendfund.com . The preliminary prospectus included in the registration statement is not complete and may be changed.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About Chanticleer Holdings, Inc.
Chanticleer Holdings, Inc. is a publicly traded holding company that is headquartered in Charlotte, NC. It operates two wholly-owned operating subsidiaries: Chanticleer Advisors, LLC, an investment manager; and Avenel Ventures, LLC, a consulting firm. Additionally, the company owns several minority investments in private companies, including an interest in a convertible note of Hooters of America, Inc. Chanticleer Holdings, Inc. was formed in 2005 as a business development company. In 2008 our shareholders elected to convert to an operating holding company. For further information, please visit www.chanticleerholdings.com .
About CapitalSouth Investments, LLC
CapitalSouth Partners was founded in 1998 to provide private equity and mezzanine capital to lower middle-market companies. The Firm is based in Charlotte, NC and has full-service offices in Raleigh, NC, Orlando, Fl, Louisville, KY and Dallas, TX. Since its inception, CapitalSouth has closed over 60 transactions representing over $2 billion in total transaction value financings. With over $600 Million under management through multiple committed funds, CapitalSouth actively seeks to invest in lower middle-market companies located primarily in the South, but also throughout the U.S.
Released January 21, 2011