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Stock Market & Financial Investment News

News Breaks
February 4, 2013
16:02 EDTKCAPKCAP Financial files to sell 4M shares of common stock
Barclays Capital Inc. and Stifel, Nicolaus & Company, Incorporated are acting as joint book-running managers of this offering. JMP Securities LLC and Janney Montgomery Scott LLC and are acting as co-lead managers and Ladenburg Thalmann & Co. Inc. and Wunderlich Securities, Inc. are acting as co-managers for this offering.
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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