Fifth Street Finance Corp. Declares Monthly Dividends Of 9.58 Cents Per Share

WHITE PLAINS, N.Y., Aug. 8, 2012 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced that its Board of Directors declared monthly dividends for the next five months through February of 2013.

The following table reflects the per share dividends which the Board of Directors declared on August 6, 2012:
Record Date Payment Date Amount
October 15, 2012 October 31, 2012 $0.0958
November 15, 2012 November 30, 2012 $0.0958
December 14, 2012 December 28, 2012 $0.0958
January 15, 2013 January 31, 2013 $0.0958
February 15, 2013 February 28, 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.

If you liked this article you might like

3 Hold-Rated Dividend Stocks: FSC, RRMS, STB

3 Hold-Rated Dividend Stocks: FSC, TPVG, STB

3 Stocks Going Ex-Dividend Tomorrow: DEX, BLW, FSC

3 Hold-Rated Dividend Stocks: HSON, CAPL, FSC

What To Hold: 3 Hold-Rated Dividend Stocks CAPL, IRET, FSC