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 December 13, 2013, reporting events occurring on December 9, 2013. The registrant is a Maryland corporation headquartered in Philadelphia, Pennsylvania.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the declaration of a regular monthly cash distribution of $0.0720 per share.
Material Changes
- Distribution Declaration: The Board declared a monthly cash distribution of $0.0720 per share, payable on or about December 31, 2013, to stockholders of record on December 30, 2013.
- Code of Ethics Amendment: The Board adopted a revised Code of Business Conduct, Ethics and Statement on the Prohibition of Insider Trading. Changes include clarifications on applicability to officers and directors and new requirements regarding gifts to foreign officials and political entities.
Guidance, Outlook, and Risks
Future distributions are subject to the discretion of the Board and applicable legal restrictions; no assurance is given regarding the amount or timing of future payments. The filing notes that tax attributes of distributions are determined annually and may not be representative on a quarterly basis. The amendments to the Code of Ethics did not involve any waivers of previous provisions.
Investor Verification Checklist
- Verify the record date (December 30, 2013) and payment date (on or about December 31, 2013) for the $0.0720 per share distribution.
- Review the full text of the revised Code of Business Conduct (Exhibit 14.1) for specific compliance requirements regarding foreign officials.
- Confirm the annual tax characterization of distributions via the upcoming Form 1099-DIV, as quarterly estimates may differ from final tax attributes.