FS Investment Corporation 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by FS Investment Corporation (FSIC) on February 14, 2011. The filing reports corporate actions approved by the Board of Directors regarding the company's public offering price and cash 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 data disclosed relates to share pricing and distributions:
- Public Offering Price: Increased from $10.70 to $10.75 per share.
- Cash Distributions: Two regular semi-monthly distributions of $0.032156 per share each were declared.
Material Changes
The primary material change is the adjustment of the public offering price effective for the semi-monthly closing on February 16, 2011. This price increase applies to subscriptions received between February 1, 2011, and February 15, 2011.
Outlook and Management Commentary
Management, represented by the Board of Directors, approved the price increase and the declaration of distributions. The filing incorporates a press release (Exhibit 99.1) for further details. No specific guidance, risk factors, or contingencies are detailed within the text of this 8-K.
Investor Verification Checklist
- Verify the exact subscription dates (February 1–15, 2011) eligible for the new $10.75 offering price.
- Confirm the record dates for the two distributions: February 14, 2011, and February 25, 2011.
- Note the payment date for both distributions is February 28, 2011.
- Review the attached press release (Exhibit 99.1) for additional context on the pricing decision.