FS Investment Corporation 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by FS Investment Corporation (referred to in the request as FS KKR Capital Corp) on January 13, 2015. The report addresses a change in the frequency of cash distributions and the declaration of a specific quarterly distribution.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity figures. The primary financial metric disclosed is the declaration of a regular quarterly cash distribution of $0.22275 per share.
Material Changes
- Distribution Frequency: Effective January 1, 2015, the Board approved a shift from monthly to quarterly cash distributions.
- Payment Schedule: The declared distribution of $0.22275 per share is payable on or about April 2, 2015, to stockholders of record as of March 25, 2015.
- Future Announcements: The Company intends to announce future quarterly distributions concurrently with the release of operating results for the preceding fiscal quarter.
Guidance, Outlook, and Risks
The Company announced a conference call to discuss financial results for the quarter and year ended December 31, 2014, scheduled for March 3, 2015. The filing includes standard forward-looking statement disclaimers, noting that actual results may differ due to economic changes, operational disruptions, terrorism, natural disasters, or regulatory changes. The timing and amount of future distributions remain subject to legal restrictions and Board discretion.
Investor Verification Checklist
- Verify the record date of March 25, 2015, to confirm eligibility for the $0.22275 per share distribution.
- Confirm the payment date of approximately April 2, 2015.
- Review the upcoming conference call on March 3, 2015, for full-year 2014 financial results.
- Note that tax attributes for distributions are determined annually; quarterly estimates may not reflect final tax characteristics reported on Form 1099-DIV.