Market Overview

KCAP Financial Closes New Collateralized Loan Obligation Fund

Share:
Related KCAP
5 Financial Stocks With The Lowest PEG Ratio
Ex-Dividends For July 1, 2014
3.51% Advantage For 5 'Bad-As', Highest Yield, Lowest Price, February Stocks (Seeking Alpha)

KCAP Financial, Inc. (Nasdaq: KCAP) (NYSE: KAP) announced that its wholly owned portfolio company, Trimaran Advisors, LLC, closed a $415 million collateralized loan obligation fund of leveraged loans and high yield bonds. Trimaran is the collateral manager for this fund and KCAP Financial will invest approximately $12.5 million in tranches of subordinated notes issued by the fund in connection with the transaction.

Posted-In: News

 

Related Articles (KCAP)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→