CM Finance Inc (NASDAQ:CMFN) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Change in Registrant’s Certifying Accountant.

(a)Prior independent registered public accounting firm

As reported in the Initial 8-K, on August24, 2017, the Company informed EY that the Company had dismissed EY as the Company’s independent registered public accounting firm, effective upon completion of the audit of the Company’s financial statements as of and for the year ending June30, 2017. The decision was approved by the Audit Committee. The 2017 Annual Report was filed on September6, 2017 with the Securities and Exchange Commission (“SEC”) and, therefore, the effective date of EY’s dismissal is September6, 2017.

EY’s reports on the Company’s financial statements for the fiscal years ended June30, 2017 and 2016 contained no adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.

During the Company’s two most recent fiscal years and the subsequent period preceding September6, 2017, there were no (a)disagreements with EY on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of EY, would have caused it to make reference to the subject matter of such disagreements in its reports on the financial statements for such years or (b)reportable events, as described under Item304(a)(1)(v) of RegulationS-K.

The Company provided EY with a copy of this Amendment No.1 prior to its filing with the SEC and requested that EY provide the Company with a letter addressed to the SEC stating whether EY agrees with the statements made by the Company in response to Item304(a) of Regulation S-K. A copy of that letter, dated September11, 2017, furnished by EY in response to that request, is filed as Exhibit 16.1 to this Amendment No.1.

(b)New independent registered public accounting firm

The Audit Committee of the Board conducted a review of the selection of the Company’s independent registered public accounting firm for the fiscal year ending June30, 2018. As part of this process, the Company contacted several other independent registered public accounting firms and solicited input from them on their ability to provide the audit services that the Company requires. The Company contacted these other independent registered public accounting firms and requested proposals related to the audit of the Company’s annual financial statements for the fiscal year ending June30, 2018.

As reported in the Initial 8-K, on August24, 2017, the Audit Committee of the Board appointed RSM US LLP (“RSM”) as the Company’s independent registered public accounting firm for the fiscal year ending June30, 2018. The appointment of RSM is subject to their normal client acceptance procedures.

During the Company’s fiscal years ended June30, 2017 and 2016, and through September6, 2017, the Company did not consult with RSM regarding: (1)the application of accounting principles to a specified transaction, either completed or proposed; (2)the type of audit opinion that might be rendered on the Company’s financial statements, and RSM did not provide any written report or oral advice that EY concluded was an important factor considered by the Company in reaching a decision as to any such accounting, auditing or financial reporting issue; or (3)any matter that was either the subject of a disagreement or a reportable event.

Item 4.01Financial Statements and Exhibits.

(d) Exhibits.

CM Finance Inc Exhibit
EX-16.1 2 d406458dex161.htm LETTER FROM ERNST & YOUNG LLP Letter from Ernst & Young LLP Exhibit 16.1   Securities and Exchange Commission September 11,…
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About CM Finance Inc (NASDAQ:CMFN)

CM Finance Inc is an externally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that invests primarily in the debt of the United States middle-market companies. The Company’s primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies. As of June 30, 2016, the Company’s portfolio consisted of debt and equity investments in 22 portfolio companies. It invests in unitranche loans and standalone second and first lien loans, with an emphasis on floating rate debt. It also selectively invests in mezzanine loans/structured equity and in the equity of portfolio companies through warrants and other instruments.CM Investment Partners LLC is an external investment advisor of the Company.