Fidus Invt Corp - FDUS STOCK NEWS

Fidus Investment (NASDAQ: FDUS) has priced a $100 million public offering of 6.750% notes due 2030. The notes will mature on March 19, 2030, with interest payable semi-annually beginning September 19, 2025. The offering is expected to close on March 19, 2025.

The notes can be redeemed before September 19, 2029, at par plus a make-whole premium, and at par thereafter. Raymond James & Associates is serving as the book-runner, with several other firms acting as passive book-runners and co-managers.

The company plans to use the net proceeds to repay a portion of its outstanding $125.0 million borrowings under its senior secured revolving credit facility, with the possibility of re-borrowing to invest in lower middle-market companies and for working capital purposes.

Fidus Investment (FDUS) reported strong financial results for Q4 and full year 2024. Q4 highlights include total investment income of $37.5M, net investment income of $18.6M ($0.55 per share), and NAV of $655.7M ($19.33 per share). The company invested $120.3M in debt and equity securities, including five new portfolio companies.

Full year 2024 showed total investment income of $146.1M, net investment income of $74.6M ($2.29 per share), and investments of $394.5M across 16 new portfolio companies. Portfolio growth resulted in a 13.8% increase in assets under management. The company paid total dividends of $2.42 per share for 2024.

For Q1 2025, the Board declared total dividends of $0.54 per share, comprising a $0.43 base dividend and $0.11 supplemental dividend. The investment portfolio totaled $1.1B across 87 active portfolio companies, with a weighted average yield on debt investments of 13.3%.

Fidus Investment (NASDAQ: FDUS) has announced its schedule for fourth quarter 2024 financial results release and conference call. The company will disclose its Q4 2024 results on Thursday, March 6, 2025 after market close. A conference call to discuss the results will be held the following day, Friday, March 7, 2025 at 9:00am ET.

Participants can join the call by dialing (844) 808-7136 for domestic callers or (412) 317-0534 for international callers. A live webcast will be available at the company's investor relations website, with replay access available two hours after the call.

Fidus Investment (NASDAQ:FDUS) has announced its dividend declaration for the first quarter of 2025. The Board of Directors has declared a base dividend of $0.43 per share and a supplemental dividend of $0.11 per share. These dividends will be paid on March 27, 2025 to stockholders of record as of March 20, 2025.

The company has a dividend reinvestment plan (DRIP) in place, allowing stockholders to automatically reinvest their dividends in additional company shares unless they opt out. Stockholders with shares held by brokers must notify their financial intermediary to receive cash dividends. The final tax attributes for 2025 dividends will be determined after the tax year closes and may include ordinary taxable income, capital gains, qualified dividends, and return of capital.

OFS Capital (Nasdaq: OFS) has announced the appointment of Kyle Spina as Chief Financial Officer and Treasurer, effective March 31, 2025. Spina, who has served as Chief Accounting Officer since April 2023, will succeed Jeff Cerny, who is retiring from his CFO position but will remain on the Board of Directors.

Spina brings over 15 years of experience in public and private accounting. He joined OFS Capital Management in April 2021 as Vice President and Controller of Fund Accounting and Reporting. His previous experience includes roles at Thoma Bravo, LP and Fidus Investment , as well as serving as an Audit Manager at BDO.

OFS Capital is a business development company focusing on middle-market investments, typically providing $3 million to $20 million in financing to companies with annual EBITDA between $5 million and $50 million. The company primarily invests in privately held middle-market companies through various debt instruments and, to a lesser extent, equity securities.

OFS Credit Company (NASDAQ: OCCI) has announced the appointment of Kyle Spina as Chief Financial Officer and Treasurer, effective March 31, 2025. Spina, who has served as Chief Accounting Officer since April 2023, will succeed Jeff Cerny, who is retiring from his CFO position but will remain on the Board of Directors.

Spina brings over 15 years of experience in public and private accounting. He joined OFS Capital Management in April 2021 as Vice President and Controller of Fund Accounting and Reporting. His previous roles include Assistant Controller at Thoma Bravo, LP and Controller at Fidus Investment He began his career in public accounting at BDO as an Audit Manager.

The incoming CFO holds a Bachelor of Science degree in Accounting and Management from Purdue University and has been a Certified Public Accountant since 2010. The company, which primarily invests in CLO equity and debt securities, emphasized Spina's deep understanding of the company and industry.

Fidus Investment (NASDAQ:FDUS) reported strong financial results for Q3 2024, with total investment income of $38.4 million and net investment income of $21.4 million ($0.64 per share). The company invested $65.9 million in debt and equity securities, including three new portfolio companies, while receiving $50.8 million from repayments. The Board declared total dividends of $0.61 per share for Q4 2024, comprising a $0.43 base dividend and $0.18 supplemental dividend. The investment portfolio totaled $1,090.7 million across 85 active portfolio companies, with a weighted average yield on debt investments of 13.8%. The company maintained strong liquidity with $54.4 million in cash and $100 million unused credit facility capacity.

Fidus Investment (NASDAQ: FDUS) has announced its schedule for third quarter 2024 financial results release and conference call. The company will report its Q3 2024 results on Thursday, October 31, 2024 after market close. Management will host a conference call to discuss results on Friday, November 1, 2024, at 9:00am ET. Participants can join via phone at (844) 808-7136 (US) or (412) 317-0534 (International). A live webcast will be available at the company's investor relations website, with replay access available two hours after the call.

Fidus Investment (NASDAQ:FDUS) announced its Q2 2024 financial results. Key highlights include:

• Total investment income of $35.7 million, up 16.7% year-over-year
• Net investment income of $17.0 million, or $0.53 per share
• Adjusted net investment income of $18.4 million, or $0.57 per share
• NAV of $646.8 million, or $19.50 per share
• Invested $62.4 million in debt and equity securities
• Received $43.1 million from repayments and realizations

The Board declared total dividends of $0.57 per share for Q3 2024, including a $0.43 base dividend and $0.14 supplemental dividend. The company's debt investment portfolio yielded 14.0% as of June 30, 2024.