KCAP Financial, Inc. Announces Executive Changes; Declares Dividend, Payable on January 28, 2016
December 18, 2015 at 10:18 pm
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On December 17, 2015, Jill Simeone notified KCAP Financial, Inc. of her intention to step down as the company's General Counsel and Chief Compliance Officer on January 5, 2016 in order to pursue another career opportunity. In conjunction with the foregoing, the Company's Board of Directors has appointed Daniel P. Gilligan, who currently serves as the company's Director of Portfolio Administration and previously served as the company's Chief Compliance Officer from 2012 to 2013, to serve as the company's Interim Chief Compliance Officer effective as of January 5, 2016.
The company announced that the record date for the company's fourth quarter 2015 distribution will move two days from January
4, 2016 to January 6, 2016. The distribution amount remains unchanged at $0.15 per share of common stock with a payment date of January 28, 2016.
Portman Ridge Finance Corporation (the Fund) is a non-diversified closed-end investment company. The Fundâs investment objective is to generate current income and, to a lesser extent, capital appreciation from the investments in senior secured term loans, mezzanine debt and selected equity investments in privately held middle market companies. The Fund primarily invests in first and second lien term loans. The Fund originates, structures and invests in secured term loans, bonds or notes and mezzanine debt primarily in privately held middle market companies but may also invest in other investments, such as loans to publicly traded companies, high-yield bonds and distressed debt securities (collectively, the Debt Securities Portfolio). The Fund also invests in debt and subordinated securities issued by collateralized loan obligation funds (CLO Fund Securities). The Fund's investment advisor is Sierra Crest Investment Management LLC and is an affiliate of BC Partners LLP.
PORTMAN RIDGE FINANCE CORPORATION 
