WHITE PLAINS, N.Y., Jan. 15, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced that its Board of Directors declared monthly dividends for the next three months through May of 2013.
The following table reflects the per share dividends which the Board of Directors declared on January 14, 2013:
|Record Date||Payment Date||Amount|
|March 15, 2013||March 29, 2013||$0.0958|
|April 15, 2013||April 30, 2013||$0.0958|
|May 15, 2013||May 31, 2013||$0.0958|
Fifth Street's amended dividend reinvestment plan ("DRIP") provides for reinvestment of dividends, unless stockholders elect to receive cash. As a result, if Fifth Street's Board of Directors declares a cash dividend, Fifth Street's stockholders who have not "opted out" of Fifth Street's DRIP will have their cash dividends automatically reinvested in additional shares of Fifth Street common stock, rather than receiving cash dividends. Fifth Street provides a 5% discount on newly-issued shares purchased through the DRIP (provided that shares are not issued at less than net asset value per share). If you are a Fifth Street stockholder and your shares of Fifth Street common stock are held through a brokerage firm or other financial intermediary and you wish to participate in the DRIP, please contact your broker or other financial intermediary.About Fifth Street Finance Corp. Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. Fifth Street Finance Corp.'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.