The renamed business development company offers more questions than answers about what it will ultimately become, but a dividend cut appears inevitable.
News & Analysis: Fifth Street Asset Management (Class A)
Oaktree Capital Group will take over the management of Fifth Street Finance Corp. and Fifth Street Floating Rate from Fifth Street Asset Management.
Wall Street is happy to hear that Oaktree Capital Group could be Fifth Street Finance's new manager, bidding up shares of Fifth Street Finance on the news.
Fifth Street Asset Management is rumored to be on the auction block, which should concern shareholders of its publicly traded BDCs.
Shares of the high-yield business development company sank after it released fiscal fourth-quarter earnings.
A shareholder lawsuit brings much-needed changes to Fifth Street Finance, but the Securities & Exchange Commission is still kicking the tires.
An activist throws in the towel.
The high-yield BDC posted a net loss in the fourth fiscal quarter, capping off a rocky year and strengthening the activist investor's case for mixing things up at Fifth Street.
Fifth Street Finance agrees to slash fees on new investment capital, but it isn't enough to get its shares out of neutral.
Here are some key exchanges between management and analysts from Fifth Street Finance Corp.'s fourth-quarter conference call.