FS Investment Corporation 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by FS Investment Corporation (FSIC) on March 15, 2013. The report 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 primary financial data point disclosed is the distribution declaration.
- Monthly Cash Distribution: $0.0675 per share.
- Record Date: March 28, 2013.
- Payment Date: March 29, 2013.
Material Changes
The filing does not report material changes in operations or financial condition compared to prior periods, as it is a routine announcement of a monthly distribution.
Outlook, Risks, and Management Commentary
Distribution Policy: 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.
Tax Attributes: The tax characterization of distributions (e.g., ordinary income vs. return of capital) is determined annually at the end of the fiscal year. Quarterly estimates may not reflect actual annual tax attributes. Final tax characteristics will be reported on Form 1099-DIV.
Forward-Looking Statements: The report contains forward-looking statements subject to inherent uncertainties. Actual results may differ materially from projections due to factors enumerated in other SEC filings. FSIC undertakes no obligation to update these statements.
Investor Verification Checklist
- Verify the record date (March 28, 2013) to confirm eligibility for the $0.0675 distribution.
- Review the most recent Form 10-Q or 10-K for full financial performance metrics, as this 8-K does not contain them.
- Monitor future filings for the annual determination of tax attributes for distributions.
- Assess the company's liquidity and debt levels in prior reports to evaluate the sustainability of the monthly distribution.