Fifth Street Asset Management (FSAM) Raises Quarterly Dividend 25% to $0.125; 8.8% Yield

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Fifth Street Asset Management Inc. Announces Third Quarter 2016 Results

November 21, 2016 4:15 PM EST

GREENWICH, CT, Nov. 21, 2016 (GLOBE NEWSWIRE) -- Fifth Street Asset Management Inc. (NASDAQ: FSAM) ("FSAM" or "we") today announced its financial results for the third quarter ended September 30, 2016.

Third Quarter 2016 Highlights

GAAP Net Loss attributable to FSAM of $0.2 million, or $0.04 per share, which includes a non-cash tax expense of $0.18 per share related to recent changes in state tax law;Pro Forma Adjusted Net Income of $9.9 million, or $0.20 per share;Fee-earning Assets Under Management ("AUM") of  $4.1 billion; andTotal revenues of $22.5 million, 87.6% of which were... More

Fifth Street Asset Management Inc. Reschedules Earnings Release for the Quarter Ended September 30, 2016

November 21, 2016 7:00 AM EST

GREENWICH, CT, Nov. 21, 2016 (GLOBE NEWSWIRE) -- Fifth Street Asset Management Inc. (NASDAQ: FSAM) (FSAM) announced today that it has rescheduled its earnings release for the quarter ended September 30, 2016 after the financial markets close in New York on Monday, November 21, 2016.

FSAM will host a conference call at 9:00 a.m. (Eastern Time) on Tuesday, November 22, 2016 to discuss its quarterly financial results.  All interested parties are welcome to participate.  Domestic callers can access the conference call by dialing (855) 791-2033.  International callers can access the conference call by dialing +1 (631) 485-4910.  All callers will need to enter the... More