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EX-99.1 - PRESS RELEASE - FS KKR Capital Corpex99-1.htm

 

 

  

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K

 

CURRENT REPORT 

PURSUANT TO SECTION 13 OR 15(d) OF 

THE SECURITIES EXCHANGE ACT OF 1934

 

 

Date of Report (Date of earliest event reported): October 16, 2013 

  

FS Investment Corporation 

 

(Exact name of Registrant as specified in its charter)

 

 

Maryland 

(State or other jurisdiction 

of incorporation)

 

 

814-00757 

(Commission 

File Number) 

 

 

26-1630040 

(I.R.S. Employer 

Identification No.)

 

 

Cira Centre

2929 Arch Street, Suite 675

Philadelphia, Pennsylvania

(Address of principal executive offices)

 

19104 

(Zip Code)

 

 

 

Registrant’s telephone number, including area code: (215) 495-1150

None

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

£ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

£ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 
 


Item 2.02. Results of Operations and Financial Condition.

 

On October 16, 2013, the board of directors (the “Board”) of FS Investment Corporation (the “Company”), effective as of the regular monthly cash distribution payable in November (as described below), determined to increase the amount of the regular monthly cash distributions payable to stockholders of record from $0.06975 per share to $0.0720 per share in order to increase the Company’s annual distribution rate from 7.75% to 8.00% (based on the Company’s last public offering price of $10.80 per share).

 

Also on October 16, 2013, the Board declared two regular monthly cash distributions that will be payable in October and November. The first distribution, in the amount of $0.06975 per share, will be paid on October 31, 2013 to stockholders of record on October 30, 2013, and the second, in the increased amount of $0.0720 per share, will be paid on November 29, 2013 to stockholders of record as of November 28, 2013.

 

Certain Information about Distributions

 

The determination of the tax attributes of the Company’s distributions is made annually as of the end of the Company’s fiscal year based upon its taxable income and distributions paid, in each case, for the full year. Therefore, a determination as to the tax attributes of the distributions made on a quarterly basis may not be representative of the actual tax attributes for a full year. The Company intends to update stockholders quarterly with an estimated percentage of its distributions that resulted from taxable ordinary income. The actual tax characteristics of distributions to stockholders will be reported to stockholders annually on Form 1099-DIV.

 

The payment of future distributions on shares of the Company’s common stock is subject to the discretion of the Board and applicable legal restrictions, and therefore, there can be no assurance as to the amount or timing of any such future distributions.

  

Item 8.01. Other Events.

 

On October 22, 2013, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits

 

(d) Exhibits.

 

  

EXHIBIT

NUMBER 

 

DESCRIPTION 

99.1   Press Release dated October 22, 2013.

 

 

 
 

 

SIGNATURE

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 

 

   
  FS Investment Corporation
   
   
   
Date: October 22, 2013   By: /s/ Michael C. Forman
      Michael C. Forman
      Chief Executive Officer
         

 

 
 

 

EXHIBIT INDEX

 

EXHIBIT

NUMBER 

 

DESCRIPTION 

99.1   Press Release dated October 22, 2013.