FIFTH STREET FINANCE CORP
			Symbol			FSC

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Fifth Street Finance Corp. Releases Its Monthly Newsletter, October 2009

2009-10-19 07:04 ET - News Release

WHITE PLAINS, N.Y., Oct. 19, 2009 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (NYSE:FSC) released its monthly newsletter today.

The Wind is at our Back

The U.S. economy continues to recover slowly. The current financial environment, with minimal competition in the middle market, is ideal for our investment strategy. Surprisingly, we are seeing some strength in our consumer-exposed companies, and since they were the hardest hit last year, we are excited about the potential for a strong rebound.

No new term sheets have been signed since our last monthly newsletter, though our pipeline remains strong. It takes an average of 125 days to close a deal from the time it enters our pipeline, as we are originators of middle market, equity sponsor-backed securities, and we have a disciplined, proven approach. With a high quality pipeline, ample capital and a great brand, we anticipate entering into new deals in the near future.

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