KCAP Financial, Inc. (NASDAQ:KCAP) Files An 8-K Other Events
Item 8.01 Other Events.
On June 20, 2017, the Registrant issued a press release, a copy
of which is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
Item 9.01 Financial Statements and Exhibits.
| Exhibit 99.1 | Press Release dated June 20, 2017 |
KCAP Financial, Inc. ExhibitEX-99.1 2 v469340_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 KCAP Financial,…To view the full exhibit click here About KCAP Financial, Inc. (NASDAQ:KCAP)
KCAP Financial, Inc. is an internally managed, non-diversified closed-end investment company. The Company has approximately three principal areas of investments. First, the Company originates, structures and invests in senior secured term loans and mezzanine debt primarily in privately-held middle market companies (the debt securities portfolio). In addition, the Company may invest in the equity securities of privately held middle market companies. Second, the Company invests in asset management companies (the Asset Manager Affiliates) that manage collateralized loan obligation funds (CLO Funds). Third, the Company invests in debt and subordinated securities issued by CLOs (CLO fund securities). These CLO fund securities are primarily managed by its Asset Manager Affiliates, but from time-to-time the Company makes investments in CLO Fund Securities managed by other asset managers. The CLO funds typically invest in syndicated loans, high-yield bonds and other credit instruments.