Fidus Investment Corporation Declares First Quarter 2023 Dividend
21 Febbraio 2023 - 10:05PM
Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the
“Company”) announced that its Board of Directors on February 15,
2023 declared a base dividend of $0.41 per share, a supplemental
dividend of $0.15 per share, and a special dividend of $0.10 per
share. The Company’s dividends will be payable on March 29, 2023 to
stockholders of record as of March 22, 2023.
When declaring dividends, the Company’s Board of
Directors reviews estimates of taxable income available for
distribution, which differs from consolidated income under
generally accepted accounting principles due to (i) changes in
unrealized appreciation and depreciation, (ii) temporary and
permanent differences in income and expense recognition, and (iii)
the amount of undistributed taxable income carried over from a
given year for distribution in the following year. The final
determination of 2023 taxable income, as well as the tax attributes
for 2023 dividends, will be made after the close of the 2023 tax
year. The final tax attributes for 2023 dividends will generally
include ordinary taxable income but may also include capital gains,
qualified dividends and return of capital.
Fidus has adopted a dividend reinvestment plan
(“DRIP”) that provides for reinvestment of dividends on behalf of
its stockholders, unless a stockholder elects to receive cash. As a
result, when the Company declares a cash dividend, stockholders who
have not “opted out” of the DRIP at least two days prior to the
dividend payment date will have their cash dividends automatically
reinvested in additional shares of the Company’s common stock.
Those stockholders whose shares are held by a broker or other
financial intermediary may receive dividends in cash by notifying
their broker or other financial intermediary of their election.
ABOUT FIDUS INVESTMENT
CORPORATION
Fidus Investment Corporation provides customized
debt and equity financing solutions to lower middle-market
companies, which management generally defines as U.S. based
companies with revenues between $10 million and $150 million. The
Company’s investment objective is to provide attractive
risk-adjusted returns by generating both current income from debt
investments and capital appreciation from equity related
investments. Fidus seeks to partner with business owners,
management teams and financial sponsors by providing customized
financing for change of ownership transactions, recapitalizations,
strategic acquisitions, business expansion and other growth
initiatives.
Fidus is an externally managed, closed-end,
non-diversified management investment company that has elected to
be treated as a business development company under the Investment
Company Act of 1940, as amended. In addition, for tax purposes,
Fidus has elected to be treated as a regulated investment company
under Subchapter M of the Internal Revenue Code of 1986, as
amended. Fidus was formed in February 2011 to continue and expand
the business of Fidus Mezzanine Capital, L.P., which commenced
operations in May 2007 and is licensed by the U.S. Small Business
Administration as a small business investment company.
FORWARD-LOOKING STATEMENTS
This press release may contain certain
forward-looking statements which are based upon current
expectations and are inherently uncertain. Any such statements,
other than statements of historical fact, are likely to be affected
by other unknowable future events and conditions, including
elements of the future that are or are not under the Company’s
control, and that the Company may or may not have considered;
accordingly, such statements cannot be guarantees or assurances of
any aspect of future performance. Actual developments and results
are highly likely to vary materially from these estimates and
projections of the future as a result of a number of factors,
including those described from time to time in the Company’s
filings with the Securities and Exchange Commission. Such
statements speak only as of the time when made, and are based on
information available to the Company as of the date hereof and are
qualified in their entirety by this cautionary statement. The
Company undertakes no obligation to update any such statement now
or in the future, except as required by applicable law.
Company Contact: |
Investor Relations Contact: |
Shelby E.
Sherard |
Jody
Burfening |
Chief
Financial Officer |
LHA |
(847)
859-3940 |
(212)
838-3777 |
ssherard@fidusinv.com |
jburfening@lhai.com |
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