FS Investment Corporation 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by FS Investment Corporation (also referenced as FS KKR Capital Corp in metadata) on July 2, 2014, reporting events occurring on July 1, 2014. The filing addresses the declaration of cash distributions by the Board of Directors.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to per-share distribution amounts:
- Regular Monthly Cash Distribution: $0.07425 per share.
- Special Cash Distribution: $0.10 per share.
Material Changes
The filing reports the declaration of a special cash distribution in addition to the regular monthly distribution. No comparative financial data or material changes in operational results versus prior periods are provided in this document.
Guidance, Outlook, and Risks
Distribution Schedule:
- Regular Distribution: Payable on or about August 4, 2014, to stockholders of record as of July 25, 2014.
- Special Distribution: Payable on or about August 15, 2014, to stockholders of record as of July 31, 2014.
The tax characterization of distributions is determined annually based on full-year taxable income. Quarterly estimates may not reflect actual annual tax attributes. Final tax characteristics will be reported on Form 1099-DIV.
Risks and Discretion:Future distributions are subject to the discretion of the Board and applicable legal restrictions. The filing explicitly states there can be no assurance as to the amount or timing of future distributions.
Investor Verification Checklist
- Verify the record dates (July 25 and July 31, 2014) to confirm eligibility for the declared distributions.
- Confirm the total cash payout per share ($0.17425) against current market price to assess yield.
- Review the company's annual Form 10-K or 10-Q for the full-year taxable income data required to determine the actual tax attributes of these distributions.
- Monitor future filings for confirmation of the actual payment dates in August 2014.