FS Investment Corporation 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by FS Investment Corporation (referred to in metadata as FS KKR Capital Corp) on December 5, 2014. The report addresses a corporate action taken by the Board of Directors regarding shareholder distributions.
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 $0.07425 per share.
Material Changes
The primary material event is the declaration of the monthly cash distribution. The filing notes that the determination of tax attributes for distributions is made annually based on full-year taxable income, meaning quarterly estimates may not reflect actual annual tax characteristics.
Guidance, Outlook, and Risks
- Distribution Schedule: The declared distribution is payable on or about January 5, 2014 (as stated in the text, though the filing date is December 2014), to stockholders of record as of December 22, 2014.
- Future Distributions: The timing and amount of future distributions are subject to legal restrictions and the sole discretion of the Board. There is no assurance regarding future amounts or timing.
- Risks: Forward-looking statements are subject to uncertainties including economic changes, operational disruptions due to terrorism or natural disasters, and changes in laws or regulations.
Investor Verification Checklist
- Verify the payment date discrepancy in the text (stated as January 5, 2014) against the filing date of December 5, 2014.
- Confirm the record date of December 22, 2014, for eligibility to receive the $0.07425 per share distribution.
- Review the annual Form 1099-DIV for the actual tax characteristics of the distribution, as quarterly estimates are not definitive.
- Check subsequent filings for updates on the company's full-year taxable income and distribution tax attributes.