KCAP Financial, Inc. (NASDAQ:KCAP) Files An 8-K Other Events
Item 8.01 Other Events.
On December 21, 2016, 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 December 21, 2016 |
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. KCAP Financial, Inc. (NASDAQ:KCAP) Recent Trading Information
KCAP Financial, Inc. (NASDAQ:KCAP) closed its last trading session up +0.01 at 3.93 with 148,735 shares trading hands.
