UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 15, 2009
Fifth Street Finance Corp.
(Exact name of registrant as specified in its charter)
Delaware |
814-00755 |
26-1219283 |
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(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
White Plains Plaza 445 Hamilton Avenue, Suite 1206 White Plains, NY |
10601 |
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(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (914) 286-6811
________________________________________________________________________________
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | ||
[ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
[ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
[ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On July 15, 2009 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
Exhibit 99.1. Press release dated July 15, 2009
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Fifth Street Finance Corp.
(Registrant) |
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July 15, 2009
(Date) |
/s/ WILLIAM H. CRAIG
William H. Craig Chief Financial Officer and Chief Compliance Officer |
Exhibit Index | ||
99.1 | Press release dated July 15, 2009 |
EXHIBIT 99.1
WHITE PLAINS, N.Y., July 15, 2009 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (NYSE:FSC) today issued a preliminary estimate of net investment income for the quarter ended June 30, 2009 of $0.34 to $0.36 per share. This compares with net investment income of $0.33 per share for the quarter ended March 31, 2009.
In addition, Fifth Street disclosed that it expects its net asset value per share as of June 30, 2009 to be stable as compared to the $11.94 net asset value per share as of March 31, 2009. Fifth Street also noted that it expects the number of investments in its investment portfolio on non-accrual status for the quarter ended June 30, 2009 to remain constant relative to the quarter ended March 31, 2009.
About Fifth Street Finance Corp.
Fifth Street is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street's investment objective is to maximize its portfolio's total return by generating current income from its debt investments and capital appreciation from its equity investments.
Notice to Investors
Fifth Street has filed a shelf registration statement with the Securities and Exchange Commission relating to the offer and sale from time to time of shares of its common stock. The shelf registration statement has not yet become effective, is not complete and may be changed, and these shares may not be sold nor may offers to buy be accepted prior to the time the shelf registration statement becomes effective. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of Fifth Street before investing. The prospectus included in the shelf registration statement, together with any related prospectus supplement, contain this and other information about Fifth Street and should be read carefully before investing. A copy of the prospectus, and, when available, a prospectus supplement, may be obtained by contacting Fifth Street.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of Fifth Street's shares of common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The Fifth Street Finance Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5525
Forward-Looking Statements
This press release may contain certain forward-looking statements, including statements with regard to the future performance of Fifth Street. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and these factors are identified in the above-described prospectus as well as in our other filings with the Securities and Exchange Commission. Although we have based the above estimates and expectations on our evaluation of available financial and other information to date, including preliminary valuations of our investments by the deal team of our investment adviser responsible for our investments, our estimates and expectations are subject to change, possibly materially, due to a variety of f actors including (i) a change in our estimate of the June 30, 2009 fair value of our illiquid investments, which comprises substantially all of our total assets as of June 30, 2009, (ii) the completion of the closing process for the preparation of our quarterly financial statements, which includes input from an independent third party valuation firm, recommendation as to portfolio value by the Valuation Committee of our Board of Directors, review of our financial statements by our independent registered public accountants and determination of portfolio value by our Board of Directors. These forward-looking statements are excluded from the safe harbor protection provided by Section 27A of the Securities Act of 1933.
CONTACT: Fifth Street Finance Corp. Stacey Thorne, VP Investor Relations (914) 286-6811 Stacey@fifthstreetcap.com