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TriplePoint Private Venture Credit Inc. announced key executive changes and dividend declarations in a recent SEC filing. On Monday, the company's board appointed Mike L. Wilhelms as Chief Financial Officer, effective January 6, 2025. He succeeds Brandon Campbell, the interim CFO. Wilhelms, with a career spanning over three decades, brings experience from various financial institutions, including Sabal Capital and Crescent Capital Group.
Wilhelms' appointment comes with no direct cash compensation from TriplePoint. Instead, he will be an employee of TriplePoint Capital LLC, which is compensated under an administration agreement with TriplePoint. The company's overhead, including Wilhelms' costs, will be covered by payments from TriplePoint under this agreement.
In addition to the executive appointment, TriplePoint declared a regular dividend of $0.41 per share and a special dividend of $0.10 per share on its common stock. Both dividends are payable on December 27, 2024, to stockholders of record as of the close of business on Monday.
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