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Fifth Street Finance Corp (FSC.OQ)

FSC.OQ on NASDAQ Stock Exchange Global Select Market

5.39USD
17 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Fifth Street Finance reports qtrly loss of $0.04/shr
Wednesday, 9 Aug 2017 06:30am EDT 

Aug 9 (Reuters) - Fifth Street Finance Corp :Fifth Street Finance Corp. announces quarter ended June 30, 2017 financial results.Fifth Street Finance Corp - qtrly net investment income of $19.4 million, or $0.14 per share.Fifth Street Finance Corp - qtrly loss per common share $0.04.  Full Article

Fifth Street Asset Management-FSM to reimburse Oaktree's transaction expenses up to cap of $3.5 mln if deal is terminated
Friday, 14 Jul 2017 08:36am EDT 

July 14 (Reuters) - Fifth Street Asset Management Inc ::Fifth Street Asset Management-FSM to reimburse oaktree's transaction expenses up to cap of $3.5 million if deal is terminated under specific conditions.Fifth Street-if FSAM board had changed its recommendation regarding BDC stockholder approvals, then fsm to pay oaktree termination fee of $9.2 million.Fifth Street Asset Management says FSM must pay $9.2 million termination fee to Oaktree if Oaktree terminates deal under specific conditions .  Full Article

Oaktree to assume management of Fifth Street Finance and Fifth Street Senior Floating Rate
Friday, 14 Jul 2017 07:00am EDT 

July 14 (Reuters) - Oaktree Capital Group LLC :Oaktree to assume management of fifth street finance corp. And fifth street senior floating rate corp. Business development companies.Oaktree capital group llc - oaktree will pay $320 million in cash to fifth street management llc upon close of transaction.Oaktree capital group llc - ocg expects transaction to be immediately accretive to its adjusted net income.Oaktree capital group llc - new advisory agreements, have been unanimously approved by independent directors of boards of directors of fsc and fsfr.Oaktree capital group - following deal closing current fsc board members except richard dutkiewicz, current fsfr board members except richard cohen agreed to resign.Oaktree capital group - executive officers of fsc and fsfr will resign, will be replaced with individuals affiliated with oaktree at closing of deal.Oaktree capital group llc - fsc will change its name to oaktree specialty lending corporation, and will trade under ticker symbol ocsl.Oaktree capital group llc - fsfr will change its name to oaktree strategic income corporation, and will trade under ticker symbol ocsi.  Full Article

Fifth Street Asset Management signs asset purchase agreement with Oaktree
Friday, 14 Jul 2017 07:00am EDT 

July 14 (Reuters) - Fifth Street Asset Management Inc :Fifth street asset management inc - signed a definitive asset purchase agreement with oaktree capital management, l.p.Says oaktree will pay gross cash consideration of $320 million in cash to fifth street management llc.At close oaktree will replace fsm as investment adviser to bdcs and an oaktree affiliate will become their administrator.Fifth street asset management inc - shares of common stock of fsc and fsfr owned by fifth street holdings l.p. Are not included in deal.Fifth street asset management - at closing of deal, all current fsc board members except richard p. Dutkiewicz, and all current fsfr board members except richard w. Cohen, will resign.After close , fsam's board intends to make an initial cash distribution to fsam stockholders of about $2.75 per class a shares.Fifth street asset management- under deal, oaktree to become new investment adviser to fifth street finance corp, fifth street senior floating rate corp.Fifth street asset management - executive officers of fsc and fsfr will resign and will be replaced with certain individuals affiliated with oaktree.Fsh and fsm have agreed to reimburse up to $5 million of oaktree's expenses incurred in connection with transaction upon close.Fifth street asset management inc - at closing john frank is expected to serve as chairman of each bdc board.Fsh and fsm have agreed to indemnify oaktree, fsc and fsfr for certain liabilities following closing.  Full Article

Fifth Street Asset Management says engaged in strategic discussions
Friday, 30 Jun 2017 09:10am EDT 

June 30 (Reuters) - Fifth Street Asset Management Inc ::Fifth Street Asset Management, Inc. Is engaged in strategic discussions.Fifth Street Asset Management - no definitive agreement has been reached, there can be no assurance that any transaction will result from discussions.Fifth Street Asset Management Inc - ‍is in discussions regarding a potential sale transaction regarding its bdc investment advisory business​.Fifth Street Asset Management - ‍BDC Investment advisory business includes management of Fifth Street Finance and Fifth Street senior floating rate.  Full Article

Fifth Street Finance Corp reports qtrly basic earnings per share $0.06
Wednesday, 10 May 2017 06:30am EDT 

May 10 (Reuters) - Fifth Street Finance Corp : :Fifth Street Finance Corp announces quarter ended March 31, 2017 financial results.Qtrly basic earnings per share $0.06.Qtrly net investment income of $18.5 million, or $0.13 per share.  Full Article

Fifth Street Finance Corp announces leadership transition
Wednesday, 5 Apr 2017 08:30am EDT 

Fifth Street Finance Corp : Announces leadership transition .Bernard Berman has been appointed as chief executive officer of FSC, effective immediately.  Full Article

Fifth Street Finance reports quarterly loss per share $0.52
Thursday, 9 Feb 2017 07:00am EST 

Fifth Street Finance Corp - : Quarterly net investment income of $23.3 million, or $0.16 per shar . Quarterly net asset value per share of $7.31 . Fifth Street Finance Corp announces quarter ended December 31, 2016 financial results .Quarterly loss per share $0.52.  Full Article

Fifth Street Finance reports Q4 net investment income $0.72 per share
Tuesday, 29 Nov 2016 04:30pm EST 

Fifth Street Finance Corp : Announces fourth quarter and fiscal year ended September 30, 2016 financial results . Qtrly net investment income $0.72 per share . Net asset value per share of $7.97 at quarter end . Says on Nov 28, board of directors approved a new common stock repurchase program authorizing us to repurchase up to $12.5 million .Says expect to finance stock repurchases with existing cash balances or by incurring leverage.  Full Article

Fifth street finance Announces proposed settlement of shareholder derivative litigation
Friday, 30 Sep 2016 04:23pm EDT 

Fifth Street Finance Corp : Fifth Street Finance Corp announces proposed settlement of shareholder derivative litigation . Agreed to pay or cause to be paid $5.1 million in attorneys' fees and expenses to counsel for derivative plaintiffs .Says governance enhancements under settlement include implementation of additional board governance provisions.  Full Article

BRIEF-Fifth Street Finance reports qtrly loss of $0.04/shr

* Fifth Street Finance Corp. announces quarter ended June 30, 2017 financial results