This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Fifth Street Finance Corp. Announces Quarter Ended June 30, 2013 Financial Results

Stocks in this article: FSC

WHITE PLAINS, N.Y., Aug. 7, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street" or "we") announces its financial results for the third fiscal quarter ended June 30, 2013.

Third Fiscal Quarter 2013 Financial Highlights

  • Net investment income for the quarter ended June 30, 2013 was $30.4 million or $0.26 per share, as compared to $21.9 million or $0.27 per share for the quarter ended June 30, 2012;  
  • Net asset value per share was $9.90 as of June 30, 2013, as compared to $9.85 as of June 30, 2012;  
  • Net realized and unrealized losses for the quarter ended June 30, 2013 were $4.4 million or $0.04 per share, as compared to net realized and unrealized gains of $0.2 million or $0.00 per share for the quarter ended June 30, 2012; and  
  • No investments were on non-accrual status as of June 30, 2013. 

Fourth Fiscal Quarter 2013 and First Fiscal Quarter 2014 Dividend Declarations

To date, our Board of Directors has declared monthly dividends for the fourth fiscal quarter of 2013 and the first fiscal quarter of 2014 as follows: 

  • $0.0958 per share, which was paid on July 31, 2013 to stockholders of record on July 15, 2013;
  • $0.0958 per share, payable on August 30, 2013 to stockholders of record on August 15, 2013;
  • $0.0958 per share, payable on September 30, 2013 to stockholders of record on September 13, 2013;
  • $0.0958 per share, payable on October 31, 2013 to stockholders of record on October 15, 2013; and
  • $0.0958 per share, payable on November 29, 2013 to stockholders of record on November 15, 2013. 

Portfolio and Investment Activity

Our Board of Directors determined the fair value of our portfolio at June 30, 2013 to be $1.80 billion, as compared to $1.29 billion at September 30, 2012. Total assets at June 30, 2013 were $1.90 billion, as compared to $1.39 billion at September 30, 2012.

1 of 7

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs