WHITE PLAINS, NY, Feb. 6, 2014 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (NASDAQ:FSC) ("FSC") today announced that its Board of Directors declared monthly dividends for June through August of 2014.
The following table reflects the per share dividends which the Board of Directors declared on February 6, 2014:
|Record Date||Payment Date||Amount|
|June 16, 2014||June 30, 2014||$0.0833|
|July 15, 2014||July 31, 2014||$0.0833|
|August 15, 2014||August 29, 2014||$0.0833|
FSC's amended dividend reinvestment plan ("DRIP") provides for reinvestment of dividends, unless stockholders elect to receive cash. As a result, if FSC's Board of Directors declares a cash dividend, FSC's stockholders whose shares are registered in their name and who have not "opted out" of FSC's DRIP will have their cash dividends automatically reinvested in additional shares of FSC common stock, rather than receiving cash dividends. FSC provides up to 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 FSC stockholder and your shares of FSC 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 provides custom-tailored financing solutions to small and mid-sized companies, primarily in connection with investments by private equity sponsors. The company originates and invests in one-stop financings, first lien, second lien, mezzanine debt and equity co-investments. The company'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. The company has elected to be regulated as a business development company and is externally managed by Fifth Street Management LLC. Named 2013 "Lender Firm of the Year" by The M&A Advisor, Fifth Street Management is an SEC-registered investment adviser and leading alternative asset manager with over $3 billion in assets under management. With a track record of more than 15 years, Fifth Street's nationally recognized platform has the ability to hold loans up to $150 million, commit up to $250 million and structure and syndicate transactions up to $500 million. FSC's website can be found at fsc.fifthstreetfinance.com.