October 22, 2014 6:52 AM ET

Capital Markets

Company Overview of FS Investment Corporation

Company Overview

FS Investment Corporation is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans. In connection with the debt investments, the firm also receives equity interests such as warrants or options as additional consideration. It also seek to purchase minority interests in the form of common or preferred equity in our target companies, either in conjunction with one of the debt in...

2929 Arch Street

Suite 675

Philadelphia, PA 19104-2867

United States

Founded in 2007

Phone:

215-495-1150

Key Executives for FS Investment Corporation

Chairman and Chief Executive Officer and Chairman of Investment Committee
Age: 53
President
Age: 48
Chief Financial Officer and Principal Accounting Officer
Age: 39
Executive Vice President
Age: 35
Managing Director
Age: 44
Compensation as of Fiscal Year 2014.

FS Investment Corporation Key Developments

FS Investment Corporation Declares Monthly Cash Distribution, Payable on or about November 4, 2014; Declares Special Cash Distribution, Payable on or About November 14, 2014

On October 10, 2014, the board of directors of FS Investment Corporation declared a regular monthly cash distribution of $0.07425 per share. The regular monthly cash distribution will be paid on or about November 4, 2014 to stockholders of record as of the close of business on October 27, 2014. On October 10, 2014, the Board also declared a special cash distribution of $0.10 per share. The special cash distribution will be paid on or about November 14, 2014 to stockholders of record as of the close of business on October 31, 2014.

FS Investment Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

FS Investment Corporation reported earnings results for the second quarter and six months ended June 30, 2014. Net asset value per share as of June 30, 2014 was $10.28 compared to $10.08 per share as of June 30, 2013. GAAP net investment income was $0.23 per share compared to $0.29 per share a year ago. Adjusted net investment income was $0.26 per share compared to $0.27 per share a year ago. Net investment before taxes was $57,973,000 against $74,055,000 a year ago. Net investment income was $57,973,000 against $74,055,000 a year ago. Total net realized and unrealized gain on investments of $0.04 per share compared to a loss of $0.11 per share for the quarter ended June 30, 2013. Net earnings were $0.27 per share compared to $0.18 per share for the quarter ended June 30, 2013. For the six months, the company reported net investment before taxes of $113,850,000 against $124,784,000 a year ago. Net investment income was $113,850,000 against $124,784,000 a year ago. Net investment income was $0.44 per share compared to $0.49 per share a year ago. Adjusted net investment income was $0.49 per share compared to $0.50 per share a year ago.

FS Investment Corporation Declares Monthly Cash Distribution, Payable on or About September 3, 2014

On August 5, 2014, the board of directors of FS Investment Corporation declared a regular monthly cash distribution of $0.07425 per share. The regular monthly cash distribution will be paid on or about September 3, 2014 to stockholders of record as of the close of business on August 25, 2014.

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