Headquartered in Evanston, IL Fiscal year ends December NASDAQ: FDUS fdus.com
Fidus Investment Corporation is an externally managed, closed-end, non-diversified business development company (BDC) that provides customized debt and equity financing solutions to lower middle-market companies in the United States, generally defined as businesses with revenues between $10 million and $150 million. The company targets change of ownership transactions, recapitalizations, strategic acquisitions, and business expansion financings, primarily through first lien, second lien, subordinated debt, and equity co-investments. Fidus generates income from interest on debt investments (including payment-in-kind interest), dividends from equity holdings, and fee income from origination and prepayment activities. The company operates through two SBIC-licensed subsidiaries and utilizes SBA debentures alongside unsecured notes and a special purpose vehicle credit facility for leverage. It has elected to be treated as a regulated investment company (RIC) under Subchapter M of the Internal Revenue Code and is listed on NASDAQ under the ticker FDUS. Updated
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Fidus Investment Corporation is an externally managed, closed-end, non-diversified business development company (BDC) that provides customized debt and equity financing solutions to lower middle-market companies in the United States, generally defined as businesses with revenues between $10 million and $150 million.
The Wall Street consensus 12-month price target for FDUS is $21.50.
