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Portman Ridge Finance Corp., 6.125% Notes due 9/30/2022
Ticker Symbol: KCAPL* CUSIP: 48668E309 Exchange: NGS
* NOTE: This security is no longer trading as of 6/01/2021
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Portman Ridge Finance Corp., formerly KCAP Financial, Inc., 6.125% Notes due 2022, issued in $25 denominations, redeemable at the issuer's option on or after 9/30/2019 at $25 per note plus accrued and unpaid interest, and maturing 9/30/2022. Interest distributions of 6.125% per annum ($1.53125 per annum or $0.3828125 per quarter) will be paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on the record date that will be 3/15, 6/15, 9/15 & 12/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (PTMN)
Notes: 10/24/2018 -- NOTICE OF REDEMPTION TO THE HOLDERS OF THE 7.375% Notes due 2019 of KCAP Financial, Inc. (CUSIP No. 48668E200; NYSE: KAP)* Redemption Date: November 26, 2018. NOTICE IS HEREBY GIVEN, pursuant to Section 1104 of the Indenture dated as of October 10, 2012, between KCAP Financial, Inc., and U.S. Bank National Association of the First Supplemental Indenture dated as of October 10, 2012, that the Company is electing to exercise its option to redeem, in full, the 7.375% Notes due 2019. The Company will redeem all of the issued and outstanding Notes ($7,000,000 in aggregate principal amount) in full on November 26, 2018. The redemption price for the Notes equals $25 in principal amount per Note being redeemed, plus the accrued and unpaid interest thereon from September 30, 3018, through, but excluding, the Redemption Date. The aggregate accrued interest on the Notes payable on the Redemption Date will be approximately $81,739.58 (or approximately $0.29 on each $25 principal amount of the Notes). ____________ From the Form N-23C-2 filed with the SEC on 2/8/2018 -- The undersigned hereby notifies the Securities and Exchange 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. 7.375% Senior Notes due September 30, 2019 (CUSIP:48668E200). The Notes will be redeemed on March 15, 2018. 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. ____________ From the Form N-23C-2 filed with the SEC on 5/10/2017 -- The undersigned hereby notifies the Securities and Exchange Commission that it intends to redeem securities of which it is the issuer. (1) Title of the class of securities of KCAP Financial, Inc to be redeemed: 7.375% Senior Notes due September 30, 2019 (CUSIP:48668E200). (2) Date on which the securities are to be redeemed:The Notes will be redeemed on June 23, 2017. (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 $6,530,925 pursuant to the terms of the Indenture and the First Supplemental Indenture. Such redemption shall be effected by lot. ____________ 8/19/2016 -- Fidelity has informed a QOL user of a partial call of KAP on 9/23/2016. We call find no information on the partial call but assume that the information is correct.
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IPO - 8/8/2017 - 2.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Previous Name: KCAP Financial, 6.125% Notes due 9/30/2022 Changed: 4/08/2019
Market Value $50.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 295 Madison Avenue, New York, NY 10017 |
| Main Phone Number |
212-455-8300 |
| Fax Number |
212-983-7654 |
| Investor Relations
Ted Gilpin
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212-455-8300
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Toll Free Phone Number |
Unknown |
| CEO - Ted Goldthorpe |
CFO - Edward U. Gilpin |
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