Notice by Closed-end Investment Companies of Intention to Call or Redeem Their Own Securities (n-23c-2)
February 08 2018 - 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. 817-01305
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.
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(1)
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Title of the class of securities of KCAP Financial, Inc.
(the “Company”) to be redeemed:
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7.375%
Senior Notes due September 30, 2019 (CUSIP:48668E200) (the “Notes”).
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(2)
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Date on which the securities are to be redeemed:
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The
Notes will be redeemed on March 15, 2018 (the “Redemption Date”).
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(3)
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Applicable provisions of the governing instrument pursuant
to which the securities are to be redeemed:
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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”).
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(4)
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The principal amount or number of shares and the basis
upon which the securities to be redeemed are to be selected:
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The
Company will redeem a portion of the outstanding Notes in the amount of $20,000,000 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 8th day of February, 2018.
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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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