FS KKR Capital Corp (FS Investment Corporation) - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by FS Investment Corporation ("FSIC") on May 1, 2013. The report details a specific corporate action regarding the company's Distribution Reinvestment Plan (DRP).
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only financial data disclosed relates to the DRP share issuance price:
- Previous DRP Price: $10.10 per share
- New DRP Price: $10.20 per share
Material Changes
Effective May 1, 2013, FSIC increased the price at which shares are issued under its DRP from $10.10 to $10.20 per share. This adjustment was made to ensure the issuance price remained at or above the Net Asset Value (NAV) per share, adhering to the Board's discretion to set a price not less than the NAV and not more than 2.5% greater than the NAV.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of new risks or contingencies beyond the operational adjustment to the DRP pricing mechanism.
Key Facts for Investor Verification
- Verify the current Net Asset Value (NAV) per share to confirm the $10.20 DRP price aligns with the "not less than NAV" requirement.
- Confirm the impact of the price increase on existing shareholders enrolled in the DRP.
- Note that this filing is a current report of a specific event and does not contain periodic financial results.