Full Circle Capital Corporation Announces Public Offering of Common Stock

  Full Circle Capital Corporation Announces Public Offering of Common Stock

Business Wire

RYE BROOK, N.Y. -- November 26, 2012

Full Circle Capital Corporation (NASDAQ: FULL) ("Full Circle") today announced
that it has commenced a public offering of 1,350,000 shares of its common
stock. The public offering price of the common stock is to be determined by
negotiations between Full Circle and the underwriters. Full Circle also plans
to grant the underwriters a 30-day option to purchase up to 202,500 additional
shares of common stock on the same terms and conditions to cover
over-allotments, if any.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial
Services Inc. (NYSE MKT: LTS), is acting as the lead bookrunning manager and
representative of the several underwriters for the offering. Maxim Group LLC
and National Securities Corporation, a wholly owned subsidiary of National
Holdings, Inc. (OTCBB:NHLD), are acting as joint bookrunning managers for the
offering.

Full Circle intends to use the net proceeds from this offering to repay debt
outstanding under its credit facility. However, subsequent to such repayment,
it intends to borrow additional amounts under its credit facility to make
investments in new portfolio companies in accordance with its investment
objective and strategies described in the prospectus supplement and
accompanying prospectus and for general corporate purposes.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy the securities in this offering or any other securities nor
will there be any sale of these securities or any other securities referred to
in this press release in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of such state or jurisdiction.

This offering is being made pursuant to Full Circle’s shelf registration
statement relating to such securities on file with and declared effective by
the Securities and Exchange Commission. This offering may be made only by
means of a prospectus and a related prospectus supplement, copies of which may
be obtained, when available, from Ladenburg Thalmann & Co. Inc., Attn:
Syndicate Department, 58 South Service Road, Suite 160, Melville, NY 11747,
(telephone number 631-270-1600). Investors are advised to carefully consider
the investment objectives, risks and charges and expenses of Full Circle
before investing. The prospectus supplement and accompanying prospectus
contain a description of these matters and other important information about
Full Circle and should be read carefully before investing.

About Full Circle Capital

Full Circle Capital Corporation (Nasdaq: FULL) is a Rye Brook, New York based
closed-end investment company that has elected to be treated as a business
development company under the Investment Company Act of 1940. Full Circle
lends to and invests in senior secured loans and, to a lesser extent,
mezzanine loans and equity securities issued by smaller and lower
middle-market companies that operate in a diverse range of industries. Full
Circle’s investment objective is to generate both current income and capital
appreciation through debt and equity investments.

Forward-Looking Statements

This press release contains forward-looking statements which relate to future
events or Full Circle Capital's future performance or financial condition,
including statements with regard to the anticipated use of the net proceeds of
this offering. Any statements that are not statements of historical fact
(including statements containing the words "believes," "plans," "anticipates,"
"expects," "estimates" and similar expressions) should also be considered to
be forward-looking statements. Certain factors could cause actual results and
conditions to differ materially from those projected in these forward-looking
statements. These factors are identified from time to time in Full Circle’s
filings with the Securities and Exchange Commission. Full Circle undertakes no
obligation to update such statements to reflect subsequent events.

Contact:

Company:
Full Circle Capital Corporation
John E. Stuart, CEO, 914-220-6300
Jstuart@fccapital.com
or
Investor Relations:
Lippert/Heilshorn & Associates
Stephanie Prince/Jody Burfening
212-838-3777
sprince@lhai.com
 
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