FS Investment Corporation Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by FS Investment Corporation (FSIC) on April 23, 2010, reporting events occurring on April 22, 2010. The filing primarily addresses the declaration of cash distributions and the announcement of public offering prices.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses on capital distribution and pricing rather than operational financial results.
Material Changes and Announcements
- Cash Distributions: FSIC declared two cash distributions to be paid on June 30, 2010. The first distribution is for shareholders of record as of April 13, 2010, and the second for shareholders of record as of April 28, 2010.
- Offering Prices: The company announced a public offering price of $10.40 per share effective April 15, 2010.
- Future Guidance: FSIC issued public guidance regarding its anticipated public offering price for May 1, 2010, though the specific future price is not detailed in this summary text.
Outlook, Risks, and Management Commentary
Management commentary is limited to the press release referenced in the filing, which details the distribution schedule and pricing updates. The filing text does not explicitly list new risks, contingencies, or unusual items beyond the standard disclosure of the distribution and pricing events.
Key Facts for Investor Verification
- Verify the exact dollar amount per share for the two declared cash distributions, as the filing text mentions the declaration but not the specific amounts.
- Confirm the specific anticipated public offering price for May 1, 2010, referenced in the guidance but not explicitly stated in the main body of this report.
- Review the attached press release (Exhibit 99.1) for detailed terms of the distributions and the rationale behind the pricing changes.