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 January 8, 2014, reporting events occurring on January 7, 2014. The filing pertains to the declaration of a regular monthly cash distribution by the Board of Directors.
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 declared distribution amount.
- Monthly Cash Distribution: $0.0720 per share.
- Record Date: January 30, 2014.
- Payment Date: On or about January 31, 2014.
Material Changes
The filing does not report material changes in operations, financial condition, or results compared to prior periods. It solely announces the routine declaration of a monthly distribution.
Outlook, Risks, and Management Commentary
Management notes that the tax attributes of distributions are determined annually based on full-year taxable income and distributions paid. Consequently, quarterly estimates may not reflect actual annual tax characteristics, which will be reported on Form 1099-DIV. The filing explicitly states that future distributions are subject to Board discretion and legal restrictions, offering no assurance regarding the amount or timing of future payments.
Investor Verification Checklist
- Verify the exact number of shares held as of the January 30, 2014 record date to confirm eligibility for the $0.0720 per share distribution.
- Review the upcoming annual Form 1099-DIV to determine the actual tax classification (e.g., ordinary income vs. return of capital) of the distributions received.
- Monitor future Board announcements, as the filing confirms no guarantee of future distribution amounts or timing.