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Nasdaq Welcomes Fifth Street Asset Management Inc. (Nasdaq:FSAM) to The Nasdaq Stock Market

NEW YORK, Oct. 30, 2014 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) announced that trading of Fifth Street Asset Management Inc. (Nasdaq:FSAM) ("FSAM") commenced on The Nasdaq Stock Market on October 30, 2014.

FSAM is a rapidly growing credit-focused asset manager with more than $5.6 billion of assets under management across two publicly-traded business development companies, Fifth Street Finance Corp. (Nasdaq:FSC) and Fifth Street Senior Floating Rate Corp. (Nasdaq:FSFR), as well as multiple private investment vehicles.

"The Fifth Street platform provides flexible financing solutions to small and mid-sized companies across the capital structure and has grown its team to approximately 90 professionals over the last 16 years," said Nelson Griggs, Executive Vice President, Listing Services, Nasdaq. "Nasdaq is honored to welcome FSAM to our family of listed companies and we look forward to a successful partnership in the years to come."

By listing with Nasdaq, FSAM joins many of the world's largest and most revolutionary companies. Nasdaq has been the exchange of choice to over 60 percent of financial companies that have listed on the U.S. markets year-to-date in 2014.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

About Nasdaq:

Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com.

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CONTACT: Nasdaq Media Relations Contacts: Will Briganti (646) 441-5012 william.briganti@nasdaq.com Christine Barna (646) 441-5310 christine.Barna@nasdaq.com Fifth Street Asset Management Inc. Investor Relations Contact: Robyn Friedman (203) 681-3720 ir-fsam@fifthstreetfinance.com Fifth Street Asset Management Inc. Media Relations Contact: Nick Rust Prosek Partners (212) 279-3115 ext. 252 pro-fifthstreet@prosek.com

Source:The NASDAQ OMX Group, Inc.