TEL AVIV (MarketWatch) -- Fifth Street Finance Corp., (FSC 9.45, +0.04, +0.43%) the White Plains, N.Y., provider of financing and investments for small and medium-sized companies, estimated that for the quarter ended June 30, net investment income was 34 cents to 36 cents a share, compared with 33 cents in the quarter ended March 31. The company on Wednesday estimated that its net asset value at the end of the June quarter was about flat with the $11.94 a share reported at March 31. The number of investments on non-accrual status also was about level with the previous quarter, Fifth Street Finance reported. Separately, the company plans a public offering of 6.5 million common shares. The underwriters will have an option on 975,000 more shares if demand for the offering requires. Wells Fargo and UBS will run the books for the offering. Fifth Street expects to use $16.5 million of the offering proceeds to pay down its secured revolving-credit line and the rest for investments.
Source: marketwatch.com
Thursday, July 16, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment