FS Investment Corporation Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by FS Investment Corporation (FSIC) on April 1, 2010, reporting events occurring on March 25, 2010. The registrant is a Maryland corporation headquartered in Philadelphia, Pennsylvania.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures. The report focuses on corporate actions rather than detailed financial performance metrics.
Material Changes and Corporate Actions
- Cash Distribution: FSIC declared a cash distribution paid on March 31, 2010, to shareholders of record as of March 30, 2010. The specific distribution amount per share is not stated in the filing text.
- Subscription Process: The company announced it will begin conducting semi-monthly closings on subscriptions starting April 15, 2010.
- Offering Price: FSIC announced a public offering price of $10.40 per share effective April 1, 2010, and provided guidance on the anticipated price for April 15, 2010.
Guidance, Outlook, and Risks
Management provided guidance regarding the public offering price for the upcoming April 15, 2010 period. The filing does not contain specific commentary on risks, contingencies, or unusual items beyond the operational changes noted above.
Investor Verification Checklist
- Verify the exact cash distribution amount per share, as it is not explicitly listed in the 8-K text.
- Confirm the specific public offering price guidance for April 15, 2010, referenced in the attached press release (Exhibit 99.1).
- Review the terms of the new semi-monthly subscription closing schedule effective April 15, 2010.