Fidus Investment Corporation Schedules Second Quarter 2020 Earnings Release and Conference Call

Rhea-AI Summary

Fidus Investment Corporation (NASDAQ: FDUS) announced its second quarter 2020 financial results will be reported on August 6, 2020, followed by a conference call on August 7, 2020, at 9:00 AM ET. The company provides customized debt and equity financing solutions for lower middle-market companies and aims to achieve attractive risk-adjusted returns. Established in February 2011, Fidus is managed as a business development company and a regulated investment company for tax purposes. Future performance remains uncertain due to factors including COVID-19 and market volatility.

Positive

• Scheduled financial results report for Q2 2020 on August 6, 2020.
• Conference call to discuss results demonstrates transparency with investors.

Negative

• Future performance is uncertain due to potential impacts from COVID-19.
• Market volatility may significantly affect business and portfolio companies.

EVANSTON, Ill., July 24, 2020 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it will report its second quarter 2020 financial results on Thursday, August 6, 2020 after the close of the financial markets. 

Management will host a conference call to discuss the operating and financial results at 9:00am ET on Friday, August 7, 2020.  To participate in the conference call, please dial (877) 810-3368 approximately 10 minutes prior to the call. International callers should dial (914) 495-8561.  Please reference conference ID # 1686206. 

A live webcast of the conference call will be available at http://investor.fdus.com/events-presentations.  Please access the website 15 minutes prior to the start of the call to download and install any necessary audio software.

A telephone replay of the conference call will be available from 12:00pm ET on August 7, 2020 until 11:59pm ET on August 15, 2020 and may be accessed by calling (855) 859-2056 (domestic dial-in) or (404) 537-3406 (international dial-in) and reference conference ID # 1686206.  An archived replay of the conference call will also be available in the investor relations section of the Company’s website.

ABOUT FIDUS INVESTMENT CORPORATION

Fidus Investment Corporation provides customized debt and equity financing solutions to lower middle-market companies, which management generally defines as U.S. based companies with revenues between $10 million and $150 million. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from debt investments and capital appreciation from equity related investments. Fidus seeks to partner with business owners, management teams and financial sponsors by providing customized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.

Fidus is an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. In addition, for tax purposes, Fidus has elected to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Fidus was formed in February 2011 to continue and expand the business of Fidus Mezzanine Capital, L.P., which commenced operations in May 2007.

FORWARD-LOOKING STATEMENTS

This press release may contain certain forward-looking statements which are based upon current expectations and are inherently uncertain. Any such statements, other than statements of historical fact, are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company’s control and including the impact of COVID-19 and related changes in base interest rates and significant market volatility on our business, our portfolio companies, our industry and the global economy, and that the Company may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future as a result of a number of factors, including those described from time to time in the Company’s filings with the Securities and Exchange Commission. Such statements speak only as of the time when made, and are based on information available to the Company as of the date hereof and are qualified in their entirety by this cautionary statement. The Company undertakes no obligation to update any such statement now or in the future, except as required by applicable law.

Company Contact:
Shelby E. Sherard
Chief Financial Officer
Fidus Investment Corporation
(847) 859-3938
SSherard@fidusinv.com

Investor Relations Contact:
LHA Investor Relations
Jody Burfening
(212) 838-3777
JBurfening@lhai.com

 

FAQ

When will Fidus Investment Corporation report its second quarter 2020 results?

Fidus Investment Corporation will report its second quarter 2020 results on August 6, 2020.

What time is the Fidus conference call for Q2 2020 results?

The conference call for discussing the Q2 2020 results is scheduled for August 7, 2020, at 9:00 AM ET.

How can I access the Fidus Q2 2020 conference call?

You can access the Fidus Q2 2020 conference call by calling (877) 810-3368 for domestic or (914) 495-8561 for international callers.

What is the impact of COVID-19 on Fidus Investment Corporation?

COVID-19 poses uncertainty for Fidus's future performance, affecting business and portfolio companies.

What type of companies does Fidus Investment Corporation invest in?

Fidus invests in lower middle-market companies with revenues between $10 million and $150 million.