FS Investment Corporation 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by FS Investment Corporation (referred to in the metadata as FS KKR Capital Corp) on May 7, 2014, reporting events occurring on May 5, 2014. The Company is a Maryland corporation with principal executive offices in Philadelphia, Pennsylvania.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The primary financial disclosure is the declaration of a regular monthly cash distribution of $0.07425 per share.
Material Changes
No material changes to operations or financial condition relative to prior periods are detailed in this specific filing. The document focuses solely on the declaration of the current month's distribution.
Guidance, Outlook, and Risks
- Distribution Details: The distribution of $0.07425 per share is payable on or about May 30, 2014, to stockholders of record on May 29, 2014.
- Tax Attributes: The tax characterization of distributions is determined annually based on full-year taxable income. Quarterly estimates may not reflect actual annual tax attributes, which will be reported on Form 1099-DIV.
- Future Outlook: Future distributions are subject to the discretion of the Board and applicable legal restrictions. There is no assurance regarding the amount or timing of future payments.
Investor Verification Checklist
- Verify the record date (May 29, 2014) and payment date (on or about May 30, 2014) for the $0.07425 per share distribution.
- Confirm the Company's full-year taxable income status to understand the potential tax treatment (ordinary income vs. return of capital) of the distribution.
- Review subsequent filings for updates on the estimated percentage of distributions derived from taxable ordinary income.