Monday, June 26, 2017
First Capital Investment Corporation's (FCIC) board of directors has named its chairman as interim chief financial officer, treasurer, and secretary, as filed in an 8-K on June 23, 2017. His interim term ends when the business development company files its March 31, 2017, financial statement. The interim tile may be permanent, given that FCIC's real estate investment trust sibling, First Capital Real Estate Trust (FCRET), has not filed a financial statement since said chairman it took over nearly two years ago. What could go wrong given that FCIC's first investment was to an affiliate and that multiple FCRET subsidiaries are filing bankruptcy?