Focus of Article:
The focus of this article is to provide a detailed analysis with supporting documentation (via four tables) on the dividend sustainability of Fifth Street Finance Corp. (FSC). This analysis will be performed after a brief discussion regarding the following topics in relation to FSC: 1) general business overview; 2) fiscal third quarter of 2013 results; and 3) regulated investment company ('RIC') classification per the Internal Revenue Code ('IRC').
Understanding the tax and dividend payout characteristics of FSC will provide investors with an overall better understanding of the business development company ('BDC') sector as a whole. Due to the fact FSC currently produces an annual dividend yield of over 10%, many investors turn...
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