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FS INVESTMENT CORP FILES (8-K) Disclosing Results of Operations and Financial Condition, Change in Directors or Principal Officers, Other Events

February 5, 2014

Item 2.02 Results of Operations and Financial Condition. On February 4, 2014 , the board of directors (the "Board") of FS Investment Corporation (the "Company") declared a regular monthly cash distribution of $0.0720 per share. The monthly distribution will be paid on February 28, 2014 to stockholders of record on February 27, 2014 . Certain Information about Distributions The determination of the tax attributes of the Company's distributions is made annually as of the end of the Company's fiscal year based upon its taxable income and distributions paid, in each case, for the full year. Therefore, a determination as to the tax attributes of the distributions made on a quarterly basis may not be representative of the actual tax attributes for a full year. The Company intends to update stockholders quarterly with an estimated percentage of its distributions that resulted from taxable ordinary income. The actual tax characteristics of distributions to stockholders will be reported to stockholders annually on Form 1099-DIV. The payment of future distributions on shares of the Company's common stock is subject to the discretion of the Board and applicable legal restrictions, and therefore, there can be no assurance as to the amount or timing of any such future distributions. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 3, 2014 , Governor Thomas J. Ridge resigned from his position as a member of the Board, effective as of such date. Governor Ridge's decision to resign was based on the demands on his time from other professional commitments, and not the result of any disagreement relating to the Company's operations, policies or practices. Item 8.01. Other Events. Effective February 3, 2014 , the Company increased the price at which it issues shares under its distribution reinvestment plan (the "DRP") from $10.20 per share to $10.25 per share. As previously disclosed by the Company, the price at which shares are issued under the DRP is determined by the Board or a committee thereof, in its sole discretion, and is (i) not less than the net asset value per share determined in good faith by the Board or a committee thereof immediately prior to the payment of the distribution (the "NAV Per Share") and (ii) not more than 2.5% greater than the NAV Per Share as of such date. The purpose of this increase was to ensure that the Company did not issue shares under the DRP at a price per share that was below the NAV Per Share.


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Source: Edgar Glimpses


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