An investigation for current long-term investors in shares of Fifth Street Finance Corp. (NASDAQ:FSC) over potential wrongdoing by certain officers and directors of Fifth Street Finance Corp. was announced and current long-term NASDAQ:FSC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

San Diego, CA -- (SBWire) -- 02/06/2013 --An investigation on behalf of current long-term stockholders of shares Fifth Street Finance Corp. (NASDAQ:FSC) was announced concerning whether certain Fifth Street Finance officers and directors possibly breached their fiduciary duties in connection with certain statements.

Investors who are current long-term stockholder of shares of Fifth Street Finance Corp. (NASDAQ:FSC), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Fifth Street Finance officers and directors breached their fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to Fifth Street Finance’s Restated Certificate of Incorporation.

In the Proxy Statement filed by Fifth Street Finance Corp. with the Securities and Exchange Commission the Board of Directors recommends that Fifth Street Finance’s shareholders vote to approve an amendment to the Fifth Street Finance’s Restated Certificate of Incorporation to increase the number of authorized shares of common stock from 150,000,000 to 250,000,000 shares.

According to the investigation the issuance of the additional shares could have a severe dilutive effect on NASDAQ:FSC common stock.

Fifth Street Finance Corp. (NASDAQ:FSC) reported that its Total Revenue rose from $49.79 million for the 12 months period that ended on Sept. 30, 2009 to $165.12 million for the 12 months period that ended on Sept. 30, 2012, and that its Net Income for those time periods surged from $6.19 million to $79.40 million.

Shares of Fifth Street Finance Corp. (NASDAQ:FSC) traded in 2011 as high as $13.95 per share and in 2012 as low as $9.02 per share.

On Feb. 5, 2013, NASDAQ:FSC shares closed at $10.86 per share.

Those who purchased shares of Fifth Street Finance Corp. (NASDAQ:FSC), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Jacob Rosenfeld
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com