Fifth Street Finance Corp. (NASDAQ:FSC) is the subject of a 13D filing issued by Rivernorth Capital Management, which updates the latter’s ownership position in the former. The investment firm, which was the largest institutional investor of record in the stock as of December 31, reports owning 12.77 million Fifth Street Finance shares in the filing, an increase of over 4.75 million shares from the end of December. In addition, the filing details a Purchase and Settlement Agreement entered into by the parties on February 18 under which Rivernorth has agreed to purchase over 9.22 million shares. The details of the filing can be found below.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| RIVERNORTH CAPITAL PARTNERS | 12,766,838 | 4,389,409 | 12,766,838 | 4,389,409 | 4,389,409 | 2.9% |
| RIVERNORTH INSTITUTIONAL PARTNERS | 76,700 | 4,498,887 | 76,700 | 4,498,887 | 4,498,887 | 3.0% |
| RIVERNORTH CORE OPPORTUNITY FUND | 0 | 39,700 | 0 | 39,700 | 1,476,042 | 1% |
| RIVERNORTH DOUBLELINE STRATEGIC INCOME FUND | 0 | 255,804 | 0 | 255,804 | 2,402,500 | 1.6% |
| RIVERNORTH CAPITAL MANAGEMENT | 0 | 0 | 12,766,838 | 8.5% | ||
| MURRAY R. WISE | 116,500 | Less than 1% | ||||
| RANDY I. ROCHMAN | 255,804 | Less than 1% | ||||
| FRED G. STEINGRABER | 0 | 0% |
Page 1 of 20 SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)
(Amendment No. 4)1
Fifth Street Finance Corp.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
31678A103
(CUSIP Number)
MARC COLLINS
RIVERNORTH CAPITAL MANAGEMENT, LLC
325 N. LaSalle St., Suite 645
Chicago, Illinois 60654-7030
(312) 445-2251
ANDREW FREEDMAN, ESQ.
OLSHAN FROME WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 18, 2016
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
_______________
1 The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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