13D Filing: Rivernorth Capital Management to Purchase 9.22 Million Shares of Fifth Street Finance Corp. (FSC)

(b)

1. Sole power to vote or direct vote: 0

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 0

4. Shared power to dispose or direct the disposition: 0

(c)

The transactions in the Shares by RNCO during the past sixty (60) days are as set forth in Schedule A and are incorporated herein by reference.

D.

RNSI

(a)

As of the close of business on February 22, 2016, RNSI beneficially owned 0 Shares.

Percentage: Approximately 1.6%3

(b)

1. Sole power to vote or direct vote: 0

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 0

4. Shared power to dispose or direct the disposition: 0

(c)

The transactions in the Shares by RNSI during the past sixty (60) days are as set forth in Schedule A and are incorporated herein by reference.

E.	RiverNorth Management

(a)

RiverNorth Management, (i) as the general partner of RNCP, may be deemed the beneficial owner of the 4,389,409 Shares owned by RNCP, (ii) as the general partner of RNIP, may be deemed the beneficial owner of the 4,498,887 Shares owned by RNIP, (iii) as the investment advisor of RNCO, may be deemed to have economic exposure to the 1,476,042 Shares that RNCO also has economic exposure, and (iv) as the investment advisor of RNSI, may be deemed to have economic exposure to the 2,402,500 Shares that RNSI also has economic exposure.

Percentage: Approximately 8.5%4

(b)

1. Sole power to vote or direct vote: 12,766,838

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 12,766,838

4. Shared power to dispose or direct the disposition: 0

3 Possesses economic exposure to an aggregate of 2,402,500 shares (representing 1.6% of the outstanding shares) due to certain cash-settled total return swap agreements.

4 Possesses economic exposure to an aggregate of 3,878,542shares (representing approximately 2.6% of the outstanding shares) due to certain cash-settled total return swap agreements.

13D Filing: Rivernorth Capital Management to Purchase 9.22 Million Shares of Fifth Street Finance Corp. (FSC)

Published on February 24, 2016 at 3:20 pm by Meena Krishnamsetty in Hedge Funds, News

Page 13 of 20 SEC Filing

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