SEC Company Response from Portman Ridge Finance Corp (PTMN) (CIK 0001372807) (BCIC) — Apr 16, 2012
Portman Ridge Finance Corp (PTMN) (CIK 0001372807)
Date: April 16, 2012 · CIK: 0001372807 · Accession: 0001144204-12-022075
AI Filing Summary & Sentiment
File numbers found in text: 814-00735
Letter
VIA EDGAR AND E-MAIL Securities and Exchange Commission Division of Investment Management Attention: Mary A. Cole Re: Kohlberg Capital Corporation (the “Company”) Preliminary Proxy Statement on Schedule 14A for the Company’s 2012 Annual Stockholder Meeting File No. 814-00735
Dear Ms. Cole:
On April 16, 2012, you provided, via telephone, comments of the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) relating to the Company’s Preliminary Proxy Statement on Schedule 14A for the Company’s 2012 Annual Stockholder Meeting filed with the Commission on April 6, 2012 (File No. 814-00735) (the “Proxy Statement”).
On behalf of the Company, please find below the Company’s responses to the Staff’s comments. All responses to the Staff’s comments set forth in this letter are submitted on behalf of the Company at its request. For your convenience and in order to expedite the Staff’s review, the Staff’s comments are reproduced in bold in numerical sequence in this letter, and the corresponding responses of the Company are shown below such comments.
Proxy Statement
1. On page 19 of the Proxy Statement under “Long-Term Incentives,” the fourth sentence of the first paragraph refers to all grants under the Amended and Restated 2006 Equity Incentive Plan as being approved by the Company’s Board of Directors. Please confirm supplementally that the reference to Board approval refers to approval pursuant to Section 57(o) of the Investment Company Act of 1940, as amended.
RESPONSE TO COMMENT 1
The Company supplementally confirms to the Staff that the reference to Board approval in the above-mentioned sentence refers to approval pursuant to Section 57(o) of the Investment Company Act of 1940, as amended.
2. Please confirm supplementally that the Company has no soft-dollar or affiliated brokerage arrangements in place.
RESPONSE TO COMMENT 2
The Company supplementally confirms to the Staff that the Company currently has no soft-dollar or affiliated brokerage arrangements in place.
* * *
Securities and Exchange Commission - 2 - April 16, 2012
The Company has authorized us to acknowledge on its behalf that (i) it is responsible for the adequacy and accuracy of the disclosure in the filings; (ii) Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect to the filings; and (iii) it is the Staff’s view that the Company may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
I hope that the foregoing has been responsive to your comments. If you should have any questions about this letter or require any further information, please contact the undersigned at 617-951-7802 or Richard Gluckselig at 212-841-0445. Thank you for your assistance.
Very truly yours,
/s/ Craig E. Marcus
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CORRESP
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filename1.htm
April 16, 2012
Craig E. Marcus
617-951-7802
Craig.Marcus@ropesgray.com
VIA EDGAR AND E-MAIL
Securities and Exchange Commission
Division of Investment Management
100 F Fifth Street, N.E.
Washington, DC 20549
Attention: Mary A. Cole
Re: Kohlberg Capital Corporation (the “Company”)
Preliminary Proxy Statement on
Schedule 14A for the Company’s 2012 Annual Stockholder Meeting
File No. 814-00735
Dear Ms. Cole:
On April 16, 2012, you provided, via telephone, comments of
the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) relating
to the Company’s Preliminary Proxy Statement on Schedule 14A for the Company’s 2012 Annual Stockholder Meeting filed
with the Commission on April 6, 2012 (File No. 814-00735) (the “Proxy Statement”).
On behalf of the Company, please find below the Company’s
responses to the Staff’s comments. All responses to the Staff’s comments set forth in this letter are submitted on
behalf of the Company at its request. For your convenience and in order to expedite the Staff’s review, the Staff’s
comments are reproduced in bold in numerical sequence in this letter, and the corresponding responses of the Company are shown
below such comments.
Proxy Statement
1. On page 19 of the Proxy Statement under “Long-Term Incentives,” the fourth sentence of the first paragraph refers
to all grants under the Amended and Restated 2006 Equity Incentive Plan as being approved by the Company’s Board of Directors.
Please confirm supplementally that the reference to Board approval refers to approval pursuant to Section 57(o) of the Investment
Company Act of 1940, as amended.
RESPONSE TO COMMENT 1
The Company supplementally confirms
to the Staff that the reference to Board approval in the above-mentioned sentence refers to approval pursuant to Section 57(o)
of the Investment Company Act of 1940, as amended.
2. Please confirm supplementally that the Company has no soft-dollar or affiliated brokerage arrangements in place.
RESPONSE TO COMMENT 2
The Company supplementally confirms
to the Staff that the Company currently has no soft-dollar or affiliated brokerage arrangements in place.
* * *
Securities and Exchange Commission
- 2 -
April 16, 2012
The Company has authorized us to acknowledge on its behalf
that (i) it is responsible for the adequacy and accuracy of the disclosure in the filings; (ii) Staff comments or changes to disclosure
in response to Staff comments do not foreclose the Commission from taking any action with respect to the filings; and (iii) it
is the Staff’s view that the Company may not assert Staff comments as a defense in any proceeding initiated by the Commission
or any person under the federal securities laws of the United States.
I hope that the foregoing has been responsive to your comments.
If you should have any questions about this letter or require any further information, please contact the undersigned at 617-951-7802
or Richard Gluckselig at 212-841-0445. Thank you for your assistance.
Very truly yours,
/s/ Craig E. Marcus
cc: Dayl W. Pearson