Fifth Street Finance Corp. (NYSE:FSC) is a business development company which lends to and invests in small and mid-sized companies whose annual revenues are $25-$250 million. Their investment objective is to maximize their portfolio's total return by generating income through their debt investments and also through capital appreciation from equity investments. FSC's fiscal year end is September 30th of a given year. Therefore, FSC's Q1 2013 quarter ended 12/31/2012.
Historically, FSC has had an attractive dividend yield of 10% -13%. FSC distributes between 90% - 100% of its taxable income each year to stockholders in order to satisfy the requirements of a regulated investment company under the internal revenue code.
The focus of this article is to estimate...
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