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EX-99.1 - PRESS RELEASE - FS KKR Capital Corpdex991.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): September 13, 2010

 

 

FS Investment Corporation

(Exact name of Registrant as specified in its charter)

 

 

 

Maryland   0-53424   26-1630040

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

Cira Centre

2929 Arch Street, Suite 675

Philadelphia, Pennsylvania

    19104-2867
(Address of principal executive offices)     (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 September 15, 2010, FS Investment Corporation (“FSIC”) announced that its Board of Directors (the “Board”) determined to increase the amount of semi-monthly distributions payable to shareholders of record from $0.03125 per share to $0.03185 per share, effective October 1, 2010. Based on FSIC’s current public offering price of $10.40 per share, the expected increase in the semi-monthly distribution amount would result in an increase in the annual distribution yield on FSIC’s common stock from 7.2% to 7.35% per annum.

FSIC also announced that its Board declared two semi-monthly cash distributions of $0.03125 per share each that will be paid on September 30, 2010 to shareholders of record as of September 13, 2010 and September 29, 2010, respectively, and a special one-time cash distribution in an aggregate amount of $300,000 that will be paid on October 29, 2010 to shareholders of record on October 29, 2010.

A copy of the press release announcing the foregoing 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 September 15, 2010.


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: September 15, 2010   By:  

/s/    MICHAEL C. FORMAN        

    Michael C. Forman
    President and Chief Executive Officer


EXHIBIT INDEX

 

EXHIBIT
NUMBER

 

DESCRIPTION

99.1   Press release dated September 15, 2010.