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.
Shares of the high-yield business development company sank after it released fiscal fourth-quarter earnings.
An activist throws in the towel.