Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(b) On April 4, 2017, Patrick J. Dalton resigned as Chief Executive Officer of Fifth Street Senior Floating Rate Corp. (the “Company”). Also on April 4, 2017, Mr. Dalton resigned as a member of the Board of Directors (the “Board”) of the Company. Mr. Dalton’s resignation from the Board was not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
About Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR)
Fifth Street Senior Floating Rate Corp. is a closed-end, non-diversified management investment company. The Company operates as a specialty finance company. The Company’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 invests in portfolio companies primarily in the form of senior loans. The Company invests in senior secured loans, including first lien, unitranche and second lien debt instruments. The Company may also invest in unsecured loans, including subordinated loans, issued by private middle market companies, and senior and subordinated loans issued by public companies and equity investments. The senior loans that the Company targets have final maturities of 4 to 7 years. The Company seeks to invest in senior loans made primarily to private middle market companies. Fifth Street Management LLC is the investment advisor of the Company. Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) Recent Trading Information
Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) closed its last trading session down -0.11 at 8.58 with 128,858 shares trading hands.
