KCAP Financial, Inc. (NASDAQ:KCAP) Files An 8-K Other Events
Item 8.01.
On March 4, 2019, KCAP Financial, Inc. (the Company) issued a press release announcing that the preliminary record date and the preliminary payment date for the $25million, or approximately $0.67 per share, stockholder cash payment (the Stockholder Payment) from an affiliate of BC Partners Advisors, L.P. (BCP) to the Companys stockholders are as of the close of business on March 29, 2019 (the Preliminary Record Date) and April 1, 2019 (the Preliminary Payment Date), respectively. The Preliminary Record Date and the Preliminary Payment Date are contingent on the closing of the externalization transaction described in the Companys definitive proxy statement on Schedule 14A that was filed with the SEC on January 15, 2019 (the Proxy Statement), including the satisfaction of certain closing conditions, and are subject to change. As noted in the Proxy Statement, BCP will make the Stockholder Payment to the holders of record of the Companys common stock (other than the Company or subsidiaries of the Company or BCP) immediately prior to the closing of the externalization transaction with BCP.
The full text of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
(d) Exhibits
| Exhibit 99.1 | Press Release dated March 4, 2019 |
KCAP Financial, Inc. Exhibit
EX-99.1 2 tv515291_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.
