Notice by Closed-end Investment Companies of Intention to Call or Redeem Their Own Securities (n-23c-2)
August 25 2016 - 4:31PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTIFICATION OF REDEMPTION OF SECURITIES
PURSUANT TO RULE 23C-2
UNDER THE INVESTMENT COMPANY ACT OF 1940
File No. 814-00735
KCAP Financial, Inc.
(Name of Registrant)
295 Madison
Avenue, 6th Floor
New York, New York 10017
(Address of Principal Executive Office)
The undersigned hereby notifies the Securities
and Exchange Commission (the “Commission”) that it intends to redeem securities of which it is the issuer, as set forth
below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940, as amended.
(1) Title
of the class of securities of KCAP Financial, Inc. (the “Company”) to be redeemed:
7.375% Senior Notes due September 30, 2019 (CUSIP:48668E200)
(the “Notes”).
(2)
Date on which the securities are to be redeemed:
The Notes will be redeemed on September
23, 2016 (the “Redemption Date”).
(3)
Applicable provisions of the governing instrument pursuant to which the securities are to be redeemed:
The Notes are to be redeemed pursuant to
(i) Article Eleven of the Company’s base indenture governing the Notes, dated as of October 10, 2012 (the
“Base Indenture”), between the Company and U.S. Bank National Association, as trustee, as amended (the “Indenture”)
and (ii) Section 1.01(h) of the First Supplemental Indenture, dated as of October 10, 2012, between the Company
and U.S. Bank National Association, as trustee (the “First Supplemental Indenture”).
(4)
The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:
The Company will redeem a portion of the
outstanding Notes in the amount of $5,000,000 pursuant to the terms of the Indenture and the First Supplemental Indenture. Such
redemption shall be effected by lot.
SIGNATURE
Pursuant to the requirements of Rule 23c-2
under the Investment Company Act of 1940, as amended, the Company has duly caused this Notice of Intention to Redeem Securities
to be signed on its behalf by the undersigned on this 23rd day of August, 2016.
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KCAP Financial, Inc.
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By:
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/s/ Edward U. Gilpin
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Name:
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Edward U. Gilpin
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Title:
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Chief Financial Officer
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