August 15, 2019 - The court granted the defendants' motion to dismiss with leave to amend the complaint. The plaintiff's did not file an amended complaint.

August 14, 2018 - A motion to dismiss the amended complaint was filed.

June 19, 2018 - An amended complaint was filed.

March 1, 2018 - The case was transferred to the U.S. District Court for the Western District of North Carolina.

December 28, 2017 - An investor in shares of Capitala Finance Corp (NASDAQ: CPTA) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Capitala Finance Corp in connection with certain allegedly false and misleading statements made between January 4, 2016 and August 7, 2017.

According to the complaint the plaintiff alleges on behalf of purchasers of Capitala Finance Corp (NASDAQ: CPTA) common shares between January 4, 2016 and August 7, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between January 4, 2016 and August 7, 2017, the defendants made false and/or misleading statements and/or failed to disclose that Capitala Investment Advisors had been losing professional talent in both underwriting and portfolio management due to the waiving of its incentive fee, that such loss of talent negatively impacted the quality of the Company’s investment portfolio, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Charlotte, NC based Capitala Finance Corp is an externally managed non-diversified, closed-end management investment company. Capitala Finance Corp reported that its annual Total Revenue rose from $63.98 million in 2015 to $68.31 million in 2016 and that its Net Income declined from $13.85 million in 2015 to $9.15 million in 2016.

On January 4, 2016, Capitala Finance Corp announced that Capitala Investment Advisors, LLC ( Capitala Investment Advisors ), the affiliate that manages the Company's investment activities, had agreed to waive its quarterly incentive fee.

On August 7, 2017, Capitala Finance Corp disclosed that six of its investments were on non-accrual status—twice as many as in the previous quarter.

On August 8, 2017, Capitala Finance Corp disclosed that Capitala Investment Advisors had been losing professional talent in underwriting and portfolio management since waiving its incentive fee, which had caused an increase in the number of the Company's nonaccrual investments.

Shares of Capitala Finance Corp (NASDAQ: CPTA) declined to $7.12 per share on December 29, 2017