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Stock impact report

Fifth Street Asset Management Inc. Announces Distribution of $0.50 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
GREENWICH, Conn., Jan. 30, 2019 (GLOBE NEWSWIRE) -- Fifth Street Asset Management (OTCPK:FSAM) (“FSAM” or the “Company”) today announced that on January 25, 2019 its Board of Directors declared a distribution of $0.50 per share payable on February 19, 2019, to stockholders of record of its Class A Common Stock as of February 11, 2019. On January 25, 2019, FSAM received $9.4 million of an original $10 million cash escrow account that was established in connection with FSAM’s asset sale to Oaktree Capital Management, L.P. on October 17, 2017.  In addition, the pledges of marketable securities by a subsidiary of FSAM in connection with such transactions have been terminated, leaving those securities under the control of FSAM, unencumbered by any pledge, but subject to certain transfer and other restrictions contained in voting agreements entered into in connection with the transaction with Oaktree.  An escrow agent continues to hold $32 million of purchase price, plus interest, in con Show less Read more
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