Update: KCAP Financial 4.75M share Spot Secondary priced at $9.75 The deal size was increased to 4.75M shares from 4M shares. Barclays and Stifel Nicolaus acted as joint book running managers for the offering.
KCAP Financial reports FY14 NII 59c, may not compare to consensus 97c Reports FY14 NAV per share $6.94 vs. $7.51 last year. Reports FY14 TDI per share 78c vs. 70c last year. Reports FY14 total investment income $41.2M vs. FY13 restated total investment income of $39.18M.