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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, DC 20549</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">_________________</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;8-K</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 or
15(d)&nbsp;of the</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of report (Date of earliest
event reported): <B>March 20, 2012 (March 14, 2012)</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Business Development Corporation
of America</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified
in Its Charter)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Maryland</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or Other Jurisdiction of Incorporation)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
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    <TD STYLE="width: 50%; padding-right: 2.4pt; line-height: 115%; font-size: 10pt; font-weight: bold; text-align: center"><B>814-00821</B></TD>
    <TD STYLE="width: 50%; padding-right: 0.8pt; line-height: 115%; font-size: 10pt; font-weight: bold; text-align: center"><B>27-2614444</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.4pt; line-height: 115%; font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 2.4pt; line-height: 115%; font-size: 10pt; text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center"><B>405 Park Avenue, 15th
Floor</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center"><B>New York, New York 10022</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 1.6pt 0pt 0; text-align: center">(Address, Including Zip
Code, of Principal Executive Offices)&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center"><B>(212) 415-6500</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center">(Registrant&rsquo;s Telephone
Number, Including Area Code)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center"><B>Not Applicable</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center">(Former Name or Former
Address, if Changed Since Last Report)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form&nbsp;8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see
General Instruction A.2. below):</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 1.6pt 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0">&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 1.6pt 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0">&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 1.6pt 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange
Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0">&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 1.6pt 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange
Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 1.6pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.02 Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Effective March 14, 2012, William
M. Kahane resigned as President of Business Development Corporation of America (the &ldquo;Company&rdquo;), as a result of Mr. Kahane&rsquo;s
appointment as President and Chief Executive Officer of American Realty Capital Trust, Inc. (&ldquo;ARCT&rdquo;). On March 1,
2012, ARCT internalized the management services previously provided by its affiliates and ARCT&rsquo;s common stock was
listed on The NASDAQ Global Select Market. Mr. Kahane will remain as a member of the Board of Directors of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Simultaneous with Mr. Kahane&rsquo;s resignation,
the Board of Directors of the Company appointed Edward M Weil, Jr. as President of the Company, effective March 14, 2012, in accordance
with the terms of the Company&rsquo;s Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Weil, 44, also served has served as
executive vice president and secretary of the BDCA adviser since its formation in June 2010 and became president, chief operating
officer, and secretary of the BDCA advisor in March 2012. Mr. Weil has been the chief executive officer of Realty Capital Securities,
LLC, a broker-dealer registered with FINRA, since December 2010. Mr. Weil also was the executive vice president and secretary of
ARCT and executive vice president of the ARCT advisor and the ARCT property manager from their formation in August 2007 through
February 2012. Mr. Weil also was executive vice president and secretary of American Realty Capital New York Recovery REIT, Inc.
(&ldquo;NYRR&rdquo;) from its formation in October 2009 through March 2012 and executive vice president and secretary of the NYRR
advisor and property manager from their formation in November 2009 through March 2012. Mr. Weil became president, secretary and
treasurer of NYRR and the NYRR advisor and property manager in March 2012. Mr. Weil also was executive vice president and secretary
of American Realty Capital &ndash; Retail Centers of America, Inc. (&ldquo;ARC RCA&rdquo;) from its formation in July 2010 through
March 2012 and executive vice president and secretary of the ARC RCA advisor and property manager from their formation in May 2010
through March 2012. Mr. Weil became president, chief operating officer and secretary of ARC RCA and the ARC RCA advisor and property
manager in March 2012. Mr. Weil also was executive vice president and secretary of American Realty Capital Properties, Inc. (&ldquo;ARCP&rdquo;)
from its formation in December 2010 through February 2012 and executive vice president and secretary of its advisor from its formation
in November 2010 through February 2012. Mr. Weil became president, chief operating officer, secretary and treasurer and a director
of ARCP and president, chief operating officer, secretary and treasurer of the ARCP manager in March 2012. He also was executive
vice president and secretary of American Realty Capital Healthcare Trust, Inc. (&ldquo;ARC HC&rdquo;) since its formation in August
2010 and executive vice president and secretary of the ARC HC advisor and property manager since their formation in August 2010.
Mr. Weil became president, chief operating officer and secretary of ARC HC and the ARC HC advisor and property manager in March
2012. Mr. Weil has served as executive vice president and secretary of American Realty Capital III, Inc. (&ldquo;ARCT III&rdquo;)
since its formation in October 2010, and has served as president, chief operating officer, secretary, treasurer and a director
of ARCT III since February 2012. Mr. Weil served as executive vice president and secretary of the ARCT III advisor and property
manager since their formation in October 2010 and has served as president, chief operating officer, secretary and treasurer of
the ARCT III advisor and property manager since March 2012. Mr. Weil also was executive vice president and secretary of American
Realty Capital Daily Net Asset Value Trust, Inc. (&ldquo;ARC DNAV&rdquo;) from its formation in September 2010 through February
2012 and executive vice president and secretary of its advisor and property manager from their formation in September 2010 through
February 2012. Mr. Weil became president, chief operating officer, secretary, treasurer and a director of ARC DNAV and president,
chief operating officer, secretary and treasurer of the ARC DNAV advisor and property manager in March 2012. From October 2006
to May 2007, Mr. Weil was managing director of Milestone Partners Limited. He was formerly the senior vice president of sales and
leasing for American Financial Realty Trust (as well as for its predecessor, American Realty Financial Group) from April 2004 to
October 2006, where he was responsible for the disposition and leasing activity for a 33 million square-foot portfolio of properties.
Under the direction of Mr. Weil, his department was the sole contributor in the increase of occupancy and portfolio revenue through
the sales of over 200 properties and the leasing of over 2.2 million square feet, averaging 325,000 square feet of newly executed
leases per quarter. From July 1987 to April 2004, Mr. Weil was president of Plymouth Pump &amp; Systems Co. Mr. Weil attended George
Washington University. Mr. Weil holds FINRA Series 7, 24 and 63 licenses.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8.01 Other Events.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company announced that it had
raised in excess of $15.0 million in aggregate gross proceeds from all investors for its shares of common stock. Accordingly, the
Company is now accepting subscriptions from all states where it has cleared, including subscriptions from residents of Texas and
Tennessee.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;SIGNATURES</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.8pt; line-height: 115%; font-weight: bold"><B>BUSINESS DEVELOPMENT CORPORATION OF AMERICA</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.8pt; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.8pt; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.4pt; line-height: 115%">Date: March 20, 2012</TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; padding-right: 5.4pt; line-height: 115%">/s/ Nicholas S. Schorsch</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-right: 2.4pt; line-height: 115%">Name:</TD>
    <TD STYLE="width: 39%; padding-right: 2.4pt; line-height: 115%">Nicholas S. Schorsch</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2.4pt; line-height: 115%">Title:</TD>
    <TD STYLE="padding-right: 2.4pt; line-height: 115%">Chief Executive Officer and Chairman</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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{"company-data": {"conformed-name": "Business Development Corp of America", "cik": "0001490927", "irs-number": "000000000", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "814-00821", "film-number": "12704048"}, "business-address": {"street1": "405 PARK AVENUE, 15TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "2124156500"}, "mail-address": {"street1": "405 PARK AVENUE, 15TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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):
March 20, 2012 (March 14, 2012)
Business Development Corporation
of America
(Exact Name of Registrant as Specified
in Its Charter)
Maryland
(State or Other Jurisdiction of Incorporation)
814-00821
27-2614444
(Commission File Number)
(IRS Employer Identification No.)
405 Park Avenue, 15th
Floor
New York, New York 10022
(Address, Including Zip
Code, of Principal Executive Offices)
(212) 415-6500
(Registrant's Telephone
Number, Including Area Code)
Not Applicable
(Former Name or Former
Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see
General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers
Effective March 14, 2012, William
M. Kahane resigned as President of Business Development Corporation of America (the "Company"), as a result of Mr. Kahane's
appointment as President and Chief Executive Officer of American Realty Capital Trust, Inc. ("ARCT"). On March 1,
2012, ARCT internalized the management services previously provided by its affiliates and ARCT's common stock was
listed on The NASDAQ Global Select Market. Mr. Kahane will remain as a member of the Board of Directors of the Company.
Simultaneous with Mr. Kahane's resignation,
the Board of Directors of the Company appointed Edward M Weil, Jr. as President of the Company, effective March 14, 2012, in accordance
with the terms of the Company's Bylaws.
Mr. Weil, 44, also served has served as
executive vice president and secretary of the BDCA adviser since its formation in June 2010 and became president, chief operating
officer, and secretary of the BDCA advisor in March 2012. Mr. Weil has been the chief executive officer of Realty Capital Securities,
LLC, a broker-dealer registered with FINRA, since December 2010. Mr. Weil also was the executive vice president and secretary of
ARCT and executive vice president of the ARCT advisor and the ARCT property manager from their formation in August 2007 through
February 2012. Mr. Weil also was executive vice president and secretary of American Realty Capital New York Recovery REIT, Inc.
("NYRR") from its formation in October 2009 through March 2012 and executive vice president and secretary of the NYRR
advisor and property manager from their formation in November 2009 through March 2012. Mr. Weil became president, secretary and
treasurer of NYRR and the NYRR advisor and property manager in March 2012. Mr. Weil also was executive vice president and secretary
of American Realty Capital – Retail Centers of America, Inc. ("ARC RCA") from its formation in July 2010 through
March 2012 and executive vice president and secretary of the ARC RCA advisor and property manager from their formation in May 2010
through March 2012. Mr. Weil became president, chief operating officer and secretary of ARC RCA and the ARC RCA advisor and property
manager in March 2012. Mr. Weil also was executive vice president and secretary of American Realty Capital Properties, Inc. ("ARCP")
from its formation in December 2010 through February 2012 and executive vice president and secretary of its advisor from its formation
in November 2010 through February 2012. Mr. Weil became president, chief operating officer, secretary and treasurer and a director
of ARCP and president, chief operating officer, secretary and treasurer of the ARCP manager in March 2012. He also was executive
vice president and secretary of American Realty Capital Healthcare Trust, Inc. ("ARC HC") since its formation in August
2010 and executive vice president and secretary of the ARC HC advisor and property manager since their formation in August 2010.
Mr. Weil became president, chief operating officer and secretary of ARC HC and the ARC HC advisor and property manager in March
2012. Mr. Weil has served as executive vice president and secretary of American Realty Capital III, Inc. ("ARCT III")
since its formation in October 2010, and has served as president, chief operating officer, secretary, treasurer and a director
of ARCT III since February 2012. Mr. Weil served as executive vice president and secretary of the ARCT III advisor and property
manager since their formation in October 2010 and has served as president, chief operating officer, secretary and treasurer of
the ARCT III advisor and property manager since March 2012. Mr. Weil also was executive vice president and secretary of American
Realty Capital Daily Net Asset Value Trust, Inc. ("ARC DNAV") from its formation in September 2010 through February
2012 and executive vice president and secretary of its advisor and property manager from their formation in September 2010 through
February 2012. Mr. Weil became president, chief operating officer, secretary, treasurer and a director of ARC DNAV and president,
chief operating officer, secretary and treasurer of the ARC DNAV advisor and property manager in March 2012. From October 2006
to May 2007, Mr. Weil was managing director of Milestone Partners Limited. He was formerly the senior vice president of sales and
leasing for American Financial Realty Trust (as well as for its predecessor, American Realty Financial Group) from April 2004 to
October 2006, where he was responsible for the disposition and leasing activity for a 33 million square-foot portfolio of properties.
Under the direction of Mr. Weil, his department was the sole contributor in the increase of occupancy and portfolio revenue through
the sales of over 200 properties and the leasing of over 2.2 million square feet, averaging 325,000 square feet of newly executed
leases per quarter. From July 1987 to April 2004, Mr. Weil was president of Plymouth Pump & Systems Co. Mr. Weil attended George
Washington University. Mr. Weil holds FINRA Series 7, 24 and 63 licenses.
Item 8.01 Other Events.
The Company announced that it had
raised in excess of $15.0 million in aggregate gross proceeds from all investors for its shares of common stock. Accordingly, the
Company is now accepting subscriptions from all states where it has cleared, including subscriptions from residents of Texas and
Tennessee.
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.
BUSINESS DEVELOPMENT CORPORATION OF AMERICA
Date: March 20, 2012
By:
/s/ Nicholas S. Schorsch
Name:
Nicholas S. Schorsch
Title:
Chief Executive Officer and Chairman