Welcome to our dedicated page for FIDUS INVESTMENT SEC filings (Ticker: FDUS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Fidus Investment Corporation filings document a business development company’s portfolio results, distribution policy, capital structure and governance. Its 8-K reports furnish quarterly and annual operating results, net asset value measures, investment activity, repayment and realization proceeds, and base or supplemental dividend declarations.
Other disclosures cover annual meeting proxy matters, common stock registered on the Nasdaq Global Select Market, at-the-market equity distribution agreements, debt-note offerings, SPV credit facilities and related material agreements. The filings also identify the adviser relationship and formal terms for financing arrangements used to fund or manage the investment portfolio.
Fidus Investment Corporation amended its existing at-the-market stock offering program, raising the maximum amount of common shares that may be sold from $300.0 million to $400.0 million.
The company may sell shares from time to time through Fidus Investment Advisors, Raymond James and B. Riley under an equity distribution agreement. As of March 2, 2026, approximately $134.8 million of common stock remained available for sale under this program.
Fidus Investment Corporation (FDUS) provides a detailed schedule of its investment portfolio, spanning non-control, non-affiliate, affiliate and control positions across business services, healthcare, information technology, manufacturing, specialty distribution and consumer services.
The holdings include first and second lien loans, subordinated debt, preferred equity, common equity, warrants and revolving credit facilities, many with double‑digit cash interest rates and maturities generally running from 2025 through 2031. Several credit facilities also show unfunded commitments, indicating additional capital available to portfolio companies under existing agreements.
Fidus Investment Corporation is soliciting proxies for its 2026 Annual Meeting of Stockholders to be held on June 10, 2026. Stockholders will vote to elect two Class III directors and on a proposal authorizing the Board to sell or otherwise issue common stock at prices below the Company’s then current net asset value per share, subject to conditions including that any such issuances in the aggregate do not exceed 25% of the Company’s outstanding common stock immediately prior to each sale and that board determinations and other statutory safeguards are met. The Board recommends a vote FOR both the director nominees and the below-NAV issuance authorization. The record date for voting is March 19, 2026.
Fidus Investment Corporation reported higher investment income for fourth-quarter and full-year 2025 while maintaining strong portfolio activity and shareholder payouts. Fourth-quarter total investment income rose to $42.2 million and net investment income was $19.6 million, or $0.53 per share. For 2025, total investment income reached $155.9 million and net investment income was $73.9 million, or $2.08 per share, as higher interest and fee income was offset by increased financing and management expenses. Net asset value was $741.9 million, or $19.55 per share, supported by a $1.3 billion portfolio spread across 97 active companies. The board declared first-quarter 2026 dividends totaling $0.52 per share, including a base dividend of $0.43 and a supplemental dividend of $0.09, continuing the company’s focus on income distributions.
Fidus Investment Corporation announced that its Board of Directors declared first quarter 2026 cash dividends consisting of a base dividend of $0.43 per share and a supplemental dividend of $0.09 per share. These dividends are payable on March 30, 2026 to stockholders of record as of March 20, 2026.
The company explains that its Board reviews estimates of taxable income available for distribution, which differ from GAAP income due to unrealized gains and losses, timing differences, and carryover of undistributed taxable income. Fidus also highlights its dividend reinvestment plan, under which dividends are automatically reinvested in additional shares unless stockholders opt to receive cash.
Fidus Investment Corporation filed Supplement No. 5 to its prospectus for an at-the-market program to sell up to $300,000,000 of common stock.
From November 10, 2022 through September 30, 2025, the company sold 11,693,846 shares for $233.5 million in gross proceeds and $230.3 million net after commissions and expenses. As of November 4, 2025, approximately $64.9 million of capacity remains under the ATM program. Sales agent commissions are up to 1.50% of the offering price, and offering expenses are estimated at $1.0 million ($0.8 million incurred as of November 4, 2025). The filing also updates illustrative expense ratios for investors and presents recent trading ranges; the last reported sale price on November 4, 2025 was $20.61 per share.
Fidus Investment Corporation’s latest 10‑Q provides a detailed schedule of its investment portfolio, showing numerous control, affiliate, and non‑control/non‑affiliate positions in middle‑market companies across business services, information technology, healthcare, manufacturing, distribution, consumer products, and utilities.
The portfolio combines common and preferred equity, warrants, and multiple layers of debt, including first lien, second lien, and subordinated loans. Many first lien and revolver positions carry floating rates such as spreads of S + 6.25% or S + 7.75%, with current cash coupons often around 9–13% and some additional PIK interest. The schedule also lists unfunded commitments on several revolving and term facilities, with clearly defined investment and maturity dates for each position.
Fidus Investment Corporation reported its results for the quarter ended September 30, 2025 via a press release furnished with this report. The company also announced cash dividends for shareholders.
Fidus declared a base dividend of $0.43 per share and a supplemental dividend of $0.07 per share, both payable on December 29, 2025 to stockholders of record as of December 19, 2025. The disclosures under Items 2.02 and 7.01, including the press release, were furnished and not deemed filed under the Exchange Act.
Fidus Investment Corporation entered into a new special purpose vehicle credit facility with initial commitments of $175 million, with an accordion feature allowing total commitments to increase to $250 million subject to conditions. The facility has a reinvestment period until October 16, 2029 and matures on October 16, 2030. Advances bear interest at one-month Term SOFR plus 0.11448% and a margin ranging from 2.500% to 2.675%. Commitment fees vary with utilization.
The facility is secured by a pledge of 100% of the Company’s equity in the SPV and the SPV’s assets, which include certain bank loans or securities. Concurrently, Fidus terminated its 2019 amended and restated senior secured revolving credit agreement and related guarantee and security agreement after satisfying all obligations, including principal, interest, fees, and breakage costs.
Fidus Investment Corporation issued $100.0 million of 6.750% Notes due March 19, 2030 (the "New 2030 Notes") under an Underwriting Agreement that includes customary representations, covenants and indemnities. The New 2030 Notes pay interest at 6.750% semi‑annually on March 19 and September 19, commencing March 19, 2026, are unsecured and rank pari passu with the company’s other unsecured, unsubordinated debt while being effectively subordinated to secured debt and structurally subordinated to subsidiaries’ obligations. The company also exercised its option to redeem in full $100.0 million aggregate principal of its 4.75% Notes due 2026, with the redemption occurring on November 3, 2025 at a price equal to 100% of principal plus accrued interest. Related agreements and opinions are filed as exhibits.