Brief: KCAP Financial Announces External Management Agreement With Private Equity Firm BC Partners

BCP Investment

17/12/2018 12:44

Dec 17 (Reuters) - KCAP Financial Inc  KCAP.O :
    * KCAP FINANCIAL, INC. ANNOUNCES AN EXTERNAL MANAGEMENT
AGREEMENT
WITH PRIVATE EQUITY FIRM BC PARTNERS
    * KCAP FINANCIAL INC - STOCKHOLDERS TO RECEIVE A DIRECT CASH
PAYMENT FROM AN AFFILIATE OF BC PARTNERS OF $25 MILLION, OR
APPROXIMATELY $0.67 PER SHARE
    * KCAP FINANCIAL INC - KCAP TO ACQUIRE INVESTMENTS SOURCED
BY BC
PARTNERS TO DEPLOY CURRENT LIQUIDITY AND IMMEDIATELY ENHANCE NET
INVESTMENT INCOME
    * KCAP FINANCIAL - BC PARTNERS TO USE UP TO $10 MILLION OF
INCENTIVE FEES EARNED DURING FIRST 2 YEARS AFTER CLOSING OF DEAL
TO ACQUIRE CO'S STOCK AT NET ASSET VALUE

Source text for Eikon:  ID:nGNX4s99tl 
Further company coverage:  KCAP.O 

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