8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

November 23, 2005

TECHNOLOGY INVESTMENT CAPITAL CORP.

(Exact name of registrant as specified in its charter)

Maryland	000-50398	20-0118736
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

8 Sound Shore Drive, Suite 255

Greenwich, CT 06830

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (203) 983-5275

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On November 23, 2005, Technology Investment Capital Corp. issued a press release announcing that its portfolio company, Innovation Interactive LLC, has been acquired by Livedoor Co. Ltd., parent company of Livedoor Inc. (www.livedoorinc.com), which owns and operates a network of portals in the U.S., Japan, China and Spain. The text of the press release is included as Exhibit 99.1 to this Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(a) Not applicable.

(b) Not applicable.

(c) Exhibits.

Exhibit No.	Description
99.1	Press release dated November 23, 2005

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 23, 2005	TECHNOLOGY INVESTMENT CAPITAL CORP.
	By:	/s/    SAUL B. ROSENTHAL
		Saul B. Rosenthal
		President

EX-99.1

Exhibit 99.1

TICC Realizes Capital Gain on Sale of Portfolio Company

GREENWICH, CT—(MARKET WIRE)—Nov 23, 2005 — Technology Investment Capital Corp. (NasdaqNM: TICC - News) announced today that its portfolio company, Innovation Interactive LLC, has been acquired by Livedoor Co. Ltd., parent company of Livedoor Inc. (www.livedoorinc.com), which owns and operates a network of portals in the U.S., Japan, China and Spain. TICC expects to realize a gain of approximately $1.0 million in the fourth quarter of 2005 as a result of this sale, to the extent such gain is not offset by any realized losses during the fourth quarter of 2005. TICC may also receive additional payments of approximately $600,000 upon satisfaction of certain contingencies.

As of September 30, 2005 TICC had estimated the fair value of its investment in Innovation Interactive to be approximately $10.4 million, which included unrealized appreciation of approximately $300,000.

About Technology Investment Capital Corp.

We are a publicly traded business development company principally engaged in providing capital to small to mid-size technology-related companies. While the structures of our financings vary, we look to invest primarily in the debt and equity of established technology-related businesses. Companies interested in learning more about financing opportunities should contact Barry Osherow at (203) 661-9572 or visit our website at www.ticc.com.

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. 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 our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events.