This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Fifth Street Finance Corp. Releases Its Monthly Newsletter, November 2009 2009-11-17 07:04 ET - News Release WHITE PLAINS, N.Y., Nov. 17, 2009 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (NYSE:FSC) released its monthly newsletter today.
Hoist the Sails
In continuing with a sailing theme from last month's newsletter entitled 'The Wind is at our Back,' we are raising our sails to take advantage of improving market conditions by increasing our market share and forging new relationships in the middle market. As we noted in recent newsletters, the economic environment continues to improve and mergers & acquisitions activity has been increasing since last year. At the company level, we signed approximately $75 million of term sheets since last month and we increased our dividend 8% as discussed in more detail below. In addition, we are seeing improved performances from our portfolio companies as shown by the Fifth Street Small Business Index which registered a gain of 1.4% last month. We believe that the upward trend in mergers & acquisitions activity will continue over the next 12 months and will be driven partially by the looming possibility of a capital gains tax rate increase as well as by better matched seller and buyer expectations.
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