- FQ1 net investment income of $26.6M or $0.18 per share in-line with prior quarter. Dividend quarterly run rate is $0.18.
- Net asset value of $8.41 per share slips from $9.00. Last night's close was $5.63.
- The board authorized to repurchase upto $100M of common stock through Nov’2016.
- Investments of $338.3M were closed in six new and five existing portfolio companies, and funded $351.9 million across new and existing portfolio companies.
- Effective January 1, 2016, the company made permanent reduction in base management fee from 2.00% to 1.75%. "We believe the permanent reduction in base management fees at FSC places our fee structure at the industry median and will increase FSC's return on equity" stated Todd G. Owens, CEO.
- Conference call at 10 ET
- Previously: https://seekingalpha.com/news/3091146-fifth-street-finance-eps-line-misses-total-investment-income
- FSC -1.6%
More on FQ1 Fifth Street Finance's
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OCSL | - | - |
Oaktree Specialty Lending Corporation |