May 28, 2016 12:21 PM ET

Capital Markets

Company Overview of FS Investment Corporation

Company Overview

FS Investment Corporation is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans. In connection with the debt investments, the firm also receives equity interests such as warrants or options as additional consideration. It also seek to purchase minority interests in the form of common or preferred equity in our target companies, either in conjunction with one of the debt in...

201 Rouse Boulevard

Philadelphia, PA 19112

United States

Founded in 2009

Phone:

215-495-1150

Key Executives for FS Investment Corporation

Chairman, Chief Executive Officer and Chairman of Investment Committee
Age: 54
President
Age: 49
Chief Financial Officer
Age: 40
Executive Vice President
Age: 37
Managing Director
Age: 45
Compensation as of Fiscal Year 2015.

FS Investment Corporation Key Developments

FS Investment Corporation - Analyst/Investor Day

FS Investment Corporation - Analyst/Investor Day

FSIC Declares Regular Cash Distribution for the Second Quarter, Payable on or About July 5, 2016

FSIC's board of directors has declared a regular cash distribution for the second quarter of $0.22275 per share, which will be paid on or about July 5, 2016, to stockholders of record as of the close of business on June 22, 2016.

FS Investment Corp Announces Earnings Results for the First Quarter Ended March 31, 2016; Provides Earnings Guidance for the Full Year 2016

FS Investment Corp. announced earnings results for the first quarter ended March 31, 2016. Net investment income for the first quarter 2016 was $0.21 per share, unchanged compared to the first quarter of 2015, and lower than most recent quarters, driven primarily by lower fee income from prepayments and direct originations. Adjusted net investment income for the first quarter of 2016 was $0.21 per share compared to $0.23 per share for the quarter ended March 31, 2015. Net change in unrealized appreciation on investments during the first quarter of 2016 totaled approximately $48.3 million or $0.20 per share, which was primarily attributable to depreciation in the company's senior secured bond investment in Advanced Lighting and Logan's Roadhouse. Realized losses of $13.7 million or $0.06 per share during the first quarter were driven by sales of a portion of the company's investment in Avaya. As of March 31, 2016, NAV was $8.82 per share, down from $9.10 per share as of December 31, 2015, and $9.90 per share as of March 31, 2015. Net investment income was $49.938 million against $51.649 million a year ago. Total net realized and unrealized loss on investments was $62.035 million against total net realized and unrealized gain on investments of $18.777 million a year ago. Net decrease in net assets resulting from operations per basic and diluted per share was $0.05 against net increase in net assets resulting from operations per basic and diluted per share of $0.29 a year ago. However, the company expects net investment income to fully cover and exceed distributions for the full year 2016.

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