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Fifth Street Finance Q2 2010 Earnings Call Transcript

Fifth Street Finance (FSC)

Q2 2010 Earnings Call

May 07, 2010 2:30 pm ET

Executives

Stacey Thorne - Executive Director and Head of Investor Relations

Bernard Berman - Partner, Executive Vice President, Chief Compliance Officer, and Secretary

William Craig - Chief Financial Officer and Principal Accounting Officer

Leonard Tannenbaum - Chairman and Chief Executive Officer

Analysts

Jason Arnold - RBC Capital Markets Corporation

Greg Mason - Stifel, Nicolaus & Co., Inc.

Arren Cyganovich - Ladenburg Thalmann

Christopher Harris - Wells Fargo Securities, LLC

Casey Alexander - Gilford Securities Inc.

David Chiaverini - BMO Capital Markets U.S.

James Ballan - Lazard Capital Markets LLC

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Fifth Street Finance Corp. Second Quarter Earnings 2010 Call. [Operator Instructions] At this time, I would now like to turn conference over to your host, Ms. Stacey Thorne. You may begin.

Stacey Thorne

Thank you, Joe. Good afternoon and welcome everyone. My name is Stacey Thorne and I am the Head of Investor Relations. This is a conference call to discuss the results for Fifth Street Finance Corp. Second quarter ended March 31, 2010.

I have with me this afternoon Leonard Tannenbaum, CEO; Bernard Vernon, President; and William Craig, Chief Financial Officer.

Before I begin, I would like to point out that this call is being recorded. Replay information is included in our May 5 Press Release and is posted on our Web site. Please note that this call is the property of Fifth Street Finance Corp. Any unauthorized rebroadcast of this call of any form is strictly prohibited. Before we go into our earnings, I'd like to call your attention to the customary Safe Harbor disclosure in our May 5, 2010 Press Release regarding forward-looking information. Today’s conference call includes forward-looking statements and projections and we ask that you refer to our most recent filings with the SEC for important factors that would cause actual results to differ materially from these forward-looking statements and projections. We do not undertake to update our forward-looking statements, unless required by law. To obtain copies of our latest SEC filings, please visit our Web site or call Investor Relations at 914-286-6811. The format for today’s call is as follows: Len will provide an overview; Bernie will provide an update on the SBA and other lending facilities; Bill will summarize the financials; and then we will open up the line for Q&A.

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