Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
The launch comes as Apple's laptops have been criticized for a keyboard design that users say breaks easily and results in key presses resulting in doubled-up characters or...Tech Driversread more
Craig Irwin of Roth Capital Partners said Apple tried to buy Tesla six years ago for a higher price than where the stock now trades.Technologyread more
The White House has threatened to slap tariffs on apparel and footwear, leading retailers to speak out about how this would hurt business.Retailread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Stock pickers are having their best year in a decade, according to Bank of America Merrill Lynch.Marketsread more
Comcast is working on a device to monitor people's health at home, as well as some media and communications services, according to people familiar with the plans.Technologyread more
As shopping has shifted online and styles have evolved, Ascena has been grappling with sagging sales and a large debt-load. Looking to stem the losses, Ascena is turning to...Retailread more
Microsoft is starting to distribute the first of two major Windows 10 updates for 2019. This version has some useful additions.Technologyread more
GREENWICH, CT, Dec. 16, 2014 (GLOBE NEWSWIRE) -- Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) ( "FSFR") announced today that eight members of the senior management teams of FSFR and its affiliate Fifth Street Asset Management Inc. (NASDAQ:FSAM) ("FSAM") purchased FSFR's common shares in the open market following last Wednesday's release of the Company's financial results for the quarter and fiscal year ended September 30, 2014.
Senior management owns 5.4% of FSFR common shares, including Leonard Tannenbaum, Chief Executive Officer of FSAM, who purchased 728,363 shares of FSFR since last Thursday.
"As a management team, we are very excited about the future of FSFR and the opportunities available in the senior secured loan market. Furthering the alignment with our shareholders, members of the senior management teams of FSFR and FSAM collectively purchased $7.6 million of common stock since last Thursday. We look forward to continuing to execute on our plan to drive value for shareholders," stated FSFR's Chief Executive Officer, Ivelin M. Dimitrov.
The share purchases made were not part of a Company repurchase program and were direct cash purchases made by the individuals and not guaranteed by the Company.
About Fifth Street Senior Floating Rate Corp.
Fifth Street Senior Floating Rate Corp. is a specialty finance company that provides financing solutions in the form of floating rate senior secured loans to mid-sized companies, primarily in connection with investments by private equity sponsors. FSFR's investment objective is to maximize its portfolio's total return by generating current income from its debt investments while seeking to preserve its capital. The company has elected to be regulated as a business development company and is externally managed by a subsidiary of Fifth Street Asset Management Inc. (NASDAQ:FSAM), a rapidly growing credit-focused asset manager with over $6 billion in assets under management across multiple public and private vehicles. With a track record of more than 16 years, Fifth Street's nationally recognized platform has the ability to hold loans up to $250 million and structure and syndicate transactions up to $500 million. Fifth Street received the 2014 ACG New York Champion's Award for "Senior Lender Firm of the Year" and was named both 2013 "Lender Firm of the Year" by The M&A Advisor and "Lender of the Year" by Mergers & Acquisitions. FSFR's website can be found at fsfr.fifthstreetfinance.com.
This press release may contain certain forward-looking statements, including statements with regard to the future performance of the company. Words such as "believes," "expects," "estimates," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and these factors are identified from time to time in the company's filings with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Investor Contact: Robyn Friedman, Vice President, Investor Relations (203) 681-3720 firstname.lastname@example.org Media Contact: Nick Rust Prosek Partners (212) 279-3115 ext. 252 email@example.com
Source:Fifth Street Senior Floating Rate Corp.