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Stock impact report

Fifth Street Asset Management Inc. Announces a Cash Distribution of $1.18, a Distribution in Kind of 0.06783 shares of OCSL and Provides a Business Update

FIFTH STREET ASSET MGMT A (FSAM) 
Last fifth street asset mgmt a earnings: 3/21 07:01 am Check Earnings Report
US:NASDAQ Investor Relations: fsam.fifthstreetfinance.com
Company Research Source: GlobeNewswire
WEST PALM BEACH, Fla., Jan. 21, 2020 (GLOBE NEWSWIRE) -- Fifth Street Asset Management Inc. (OTCPK:FSAM) (“FSAM” or the “Company”) today announced that on January 21, 2020 its Board of Directors declared a cash distribution of $1.18 per share and a distribution in kind of 0.06783 shares of Oaktree Specialty Lending Corporation (NASDAQ:OCSL) per share, in both cases payable on January 30, 2020 to stockholders of record of FSAM Class A Common Stock as of January 21, 2020.  NASD UPC (Uniform Practice Code) rule 11140 provides that, in respect to dividends or distributions that are 25 percent or greater of the value of the subject security, the ex-dividend date shall be the first business day following the payable date. Accordingly, an FSAM investor that sells shares of FSAM common stock prior to the payment date of January 30, 2020 will not receive the distribution for the FSAM shares that are sold. On December 20, 2019, FSAM received $32.8 million of an original $32 million cash esc Show less Read more
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