More on Fifth Street Finance Q2 results


Net investment income of $34.7M or $0.25 per share vs. $34.3M and $0.25 in Q1. Current dividend quarterly run rate is $0.275 per share.

Net asset value of $9.71 slips from $9.81 at end of Q1. Last night's closing stock price was $9.64.

$177.3M of investments closed in seven new and five existing portfolio companies in Q2, down from $266.3M closed in Q2 one year ago.

$176.7M received in full repayments of five debt investments. Several prepayments in early Q3, including FSC's largest investment, Desert NDT, combines with recent capital raise to give company "significant dry powder."

Weighted average yield on debt investments of 10.8%. 72.4% of debt investments are at floating rates.

Previously: Fifth Street Finance misses by $0.01, misses on Investment Income

Stock flat premarket

Comments (2)
  • techy46
    , contributor
    Comments (11417) | Send Message
     
    Author - Current dividend quarterly run rate is $0.275 per share.

     

    No, the current dividend run rate is $0.2499 and will increase to $0.2583 next quarter and then $0.2751 in the last quarter of 2014. The announced dividend increase to $.0917 monthly does not take effect until September, 2014.
    7 Aug 2014, 10:30 AM Reply Like
  • AdamDivy
    , contributor
    Comments (412) | Send Message
     
    Good catch, techy46!
    7 Aug 2014, 10:32 AM Reply Like
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