FS Investment Corporation 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by FS Investment Corporation (FSIC) on February 1, 2011, reporting events occurring on January 31, 2011. The registrant is a Maryland corporation with principal executive offices in Philadelphia, Pennsylvania.
Key Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on a change in the public offering price.
Material Changes
- Public Offering Price Increase: The Board of Directors increased the public offering price from $10.65 to $10.70 per share.
- Effective Date: The increase was effective as of the February 1, 2011 semi-monthly closing.
- Applicability: The new price applies to subscriptions received between January 18, 2011, and January 31, 2011.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future guidance, outlook, risks, contingencies, or unusual items. It references a press release (Exhibit 99.1) for further details on the price adjustment.
Investor Verification Points
- Confirm the exact subscription dates eligible for the $10.70 price point versus the previous $10.65 rate.
- Review the attached press release (Exhibit 99.1) for the rationale behind the price increase.
- Verify the impact of the price change on the company's capital raising targets for the current period.