Board Members at High-Dividend-Paying BDC and Low-Priced Exploration Stage Mining Company Purchase Shares, Plus Other Insider Transactions

Board Member of High-Dividend-Paying BDC Purchases Shares

A member of Fifth Street Finance Corp. (NASDAQ:FSC)’s Board of Directors also piled up some shares earlier this week. Richard P. Dutkiewicz, a member of the company’s boardroom since February 2010, snapped up 5,000 shares on Tuesday at a price of $5.53 per share. Following the recent purchase, Mr. Dutkiewicz currently owns an aggregate of 19,847 shares.

Fifth Street Finance Corp. (NASDAQ:FSC) operates as a business development company that lends and invests in small and mid-sized companies, mainly in connection with investments by private equity sponsors. At the end of September, the BDC’s portfolio consisted of investments in 129 companies, 110 of which were made in connection with investments by private equity sponsors. As of the end of September, the company had five investments on which it had stopped accruing cash and/or payment-in-kind interest or original issue discount income. Fifth Street Finance currently pays shareholders a monthly dividend of $0.06 per share, which equates to an annual dividend yield of 13.07%. The shares of the BDC are 13% in the red this year. Nathaniel August’s Mangrove Partners reported ownership of 1.16 million shares of Fifth Street Finance Corp. (NASDAQ:FSC) through the latest round of 13Fs.

Insider at Office REIT Buys Some Shares

One insider at City Office REIT Inc. (NYSE:CIO) increased his ownership stake this week as well. Board member Jeffrey D. Kohn snatched up 3,700 units of common stock on Tuesday at $12.43 apiece, lifting his holding to 203,700 units.

The real estate investment trust focused on owning and acquiring office properties has seen the value of its shares advance by 5% since the start of the year. City Office REIT Inc. (NYSE:CIO) owned 15 properties at the end of September, comprised of 33 office buildings with approximately 3.5 million square feet of net rentable area. The REIT’s third-quarter revenue, which includes net rental income (including parking, signage and other income, as well as the recovery of operating costs and property taxes from tenants), rose by 29% year-over-year to $18.8 million. The increase mainly reflects several completed acquisitions, including the acquisition of 190 Office Center in September 2015, the acquisition of Intellicenter in the same month, the acquisition of Carillon Point in June, as well as the acquisition of FRP Collection in July. There were six asset managers tracked by Insider Monkey with equity stakes in the REIT at the end of the third quarter, who amassed around 7% of the company’s common stock. Jim Simons’ Renaissance Technologies LLC was the owner of 575,320 shares of City Office REIT Inc. (NYSE:CIO) on September 30.

The final page of this article will discuss some fresh insider selling observed at two other companies.