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Fifth Street Finance Corp. Announces Quarter Ended December 31, 2012 Financial Results

As of December 31, 2012, we had $37.4 million in cash and cash equivalents, portfolio investments (at fair value) of $1.58 billion, $8.6 million of interest and fees receivable, $181.8 million of SBA debentures payable, $218.0 million of borrowings outstanding under our credit facilities, $115.0 million of convertible senior notes payable, $75.0 million of senior unsecured notes payable and unfunded commitments of $114.0 million.

As of September 30, 2012, we had $74.4 million in cash and cash equivalents, portfolio investments (at fair value) of $1.29 billion, $7.7 million of interest and fees receivable, $150.0 million of SBA debentures payable, $201.3 million of borrowings outstanding under our credit facilities, $115.0 million of convertible senior notes payable and unfunded commitments of $102.5 million.

Fiscal Year 2013 Dividends

For the fiscal year ending September 30, 2013, our Board of Directors has declared monthly dividends as follows:
  • $0.0958 per share, which was paid on October 31, 2012 to stockholders of record on October 15, 2012;
  • $0.0958 per share, which was paid on November 30, 2012 to stockholders of record on November 15, 2012;
  • $0.0958 per share, which was paid on December 28, 2012 to stockholders of record on December 14, 2012;
  • $0.0958 per share, which was paid on January 31, 2013 to stockholders of record on January 15, 2013;
  • $0.0958 per share, payable on February 28, 2013 to stockholders of record on February 15, 2013;
  • $0.0958 per share, payable on March 29, 2013 to stockholders of record on March 15, 2013;
  • $0.0958 per share, payable on April 30, 2013 to stockholders of record on April 15, 2013; and
  • $0.0958 per share, payable on May 31, 2013 to stockholders of record on May 15, 2013.

Dividends are paid primarily from distributable (taxable) income. Our Board of Directors determines dividends based on estimates of distributable (taxable) income, which differ from book income due to temporary and permanent differences in income and expense recognition and changes in unrealized appreciation and depreciation on investments.

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