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Stock Market & Financial Investment News

News Breaks
December 17, 2012
10:51 EDTKCAPKCAP Financial raises dividend to 28c from 24c
The Board of Directors of KCAP Financial approved a quarterly cash dividend of 28c per share of common stock for the quarter ended December 31. The dividend is payable on January 28, 2013 to shareholders of record at the close of business as of December 28, 2012. The company said it has adopted a dividend reinvestment plan, or DRIP, that provides for reinvestment of dividends on behalf of our stockholders, unless a stockholder elects to receive cash.
News For KCAP From The Last 14 Days
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March 24, 2015
17:10 EDTKCAPKCAP Financial cuts quarterly distribution to 21c from 25c per share
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March 16, 2015
17:44 EDTKCAPKCAP Financial files to delay Form 10-K
In connection with the preparation of its consolidated financial statements for the fiscal year ended December 31, 2014, KCAP Financial has identified (i) an error in its accounting for investment income from its equity investments in collateralized loan obligation funds and (ii) errors in the tax characterization of the distributions it received from its wholly-owned asset management companies, Trimaran Advisors, LLC and Katonah Debt Advisors. The Audit Committee of the Company’s Board of Directors is continuing its review process in connection with the tax-related accounting errors. As a result, the company has not yet determined whether the tax-related accounting errors will have a material impact on its previously reported consolidated financial information.

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