EVANSTON, Ill., April 24, 2025 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it will report its first quarter 2025 financial results on Thursday, May 8, 2025 after the close of the financial markets. Management will host a conference call to discuss the operating and financial results at 9:00am ET on Friday, May 9, 2025. To participate in the conference call, please dial (844) 808-7136 approximately 10 minutes prior to the call. International ...

A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of FDUS either through stock ownership, options, or other derivatives. I wrote this ...

Group 1 - Fidus Investment Corporation (FDUS) is identified as one of the six Business Development Companies (BDCs) held by the investor, with plans to reinvest all received dividends [1] Group 2 - Roberts Berzins has over a decade of experience in financial management, assisting top-tier corporates in shaping financial strategies and executing large-scale financings [2] - He has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [2] - His policy-level work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [2] - Roberts is a CFA Charterholder and holds an ESG investing certificate, with experience from an internship at the Chicago Board of Trade [2] - He is actively involved in thought-leadership activities to support the development of pan-Baltic capital markets [2]

Fidus Investment (FDUS) shares rallied 7.9% in the last trading session to close at $18.69. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.6% loss over the past four weeks.Fidus Investment stock surged amid a broad market rally, spurred by President Donald Trump’s announcement of a 90-day tariff pause for non-retaliating nations. The news boosted investor confidence, fueling a sharp uptick in FDUS shares. ...

Group 1 - Fidus Investment (FDUS) reported its Q4 results, highlighting a total dividend yield of 10.1% [1] - The company maintains the same net investment income (NII) price yield and operates at a 10% premium [1] - The article suggests exploring various investment tools and portfolios designed for yield and risk management [1]

Core Viewpoint - Fidus Investment Corporation has announced a public offering of $100 million in 6.750% notes due 2030, aimed at refinancing existing debt and supporting investment strategies in lower middle-market companies [1][3]. Group 1: Offering Details - The notes will mature on March 19, 2030, and can be redeemed at the company's option before September 19, 2029, at par plus a "make-whole" premium, and at par thereafter [2]. - Interest on the notes will be paid semi-annually at a rate of 6.750%, starting from September 19, 2025 [2]. - The offering is expected to close on March 19, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay a portion of the $125 million outstanding under the company's senior secured revolving credit facility [3]. - The company may re-borrow under the credit facility to invest in lower middle-market companies and for general corporate purposes [3]. Group 3: Company Overview - Fidus Investment Corporation specializes in providing customized debt and equity financing solutions to lower middle-market companies, defined as U.S.-based companies with revenues between $10 million and $150 million [7]. - The company's investment objective is to achieve attractive risk-adjusted returns through current income from debt investments and capital appreciation from equity investments [7]. - Fidus is structured as a closed-end, non-diversified management investment company and has elected to be treated as a business development company under the Investment Company Act of 1940 [8].

Financial Metrics - The net asset value per share is determined quarterly, reflecting the total assets minus liabilities and preferred stock, divided by the total number of shares outstanding[75]. - The base management fee is set at an annual rate of 1.75% based on the average value of total assets, excluding cash equivalents, and is payable quarterly[81]. - The incentive fee includes a capital gains portion, calculated as 20.0% of net capital gains at the end of each fiscal year[85]. - The hurdle rate for pre-incentive fee net investment income is fixed at 2.0% per quarter, with potential for higher returns in a rising interest rate environment[84]. Investment Performance - In Year 1, Company A received a $4.0 million investment, Company B received $7.5 million, and Company C received $6.25 million[92]. - In Year 2, Investment A was sold for $12.5 million, while the fair market value (FMV) of Investment B and C was determined to be $6.25 million each[92]. - In Year 3, the FMV of Investment B increased to $6.75 million, and Investment C was sold for $7.5 million[92]. - The cumulative realized capital gains from Investment A and C amounted to $9.75 million, with a capital gains incentive fee of $1.8 million paid in Year 2 and Year 3[92][94]. Agreements and Compliance - The Investment Advisory Agreement was approved to continue until June 20, 2025, with automatic annual renewals unless terminated earlier[96][102]. - The Administration Agreement was also approved to continue until June 20, 2025, with similar renewal terms as the Investment Advisory Agreement[102]. - The company must distribute at least 90% of its investment company taxable income to maintain its RIC status and avoid U.S. federal income tax on distributed income[136]. - The company is subject to compliance with the Sarbanes-Oxley Act of 2002, which imposes various regulatory requirements on publicly held companies[134]. - The company is in compliance with NASDAQ Global Select Market corporate governance regulations applicable to BDCs[135]. Investment Strategy and Restrictions - The company may invest up to 100% of its assets in privately negotiated transactions, potentially being deemed an "underwriter" for public resale purposes[107]. - The company must ensure that qualifying assets represent at least 70% of its total assets to comply with the 1940 Act[108]. - The company may not invest more than 30% of its regulatory capital in any one portfolio company without prior SBA approval[127]. - The company must ensure that at least 50% of its assets consist of cash, U.S. Government securities, and other qualifying securities to meet diversification requirements[140]. Risk Management - The company faces competition from larger funds and financial institutions with greater resources and fewer regulatory restrictions[76]. - The company’s risk management systems are designed to monitor market risks, including interest rate volatility and economic instability[426]. - Changes in interest rates may materially affect the company's net investment income and overall financial performance[429]. - A hypothetical 200 basis point increase in interest rates could lead to a net decrease in net investment income of $10.1 million[431]. Financial Obligations - The company has $45.0 million of borrowings outstanding under its Credit Facility as of December 31, 2024[432]. - The Credit Facility bears interest at a rate of 2.675% on SOFR loans prior to satisfying certain conditions, reducing to 2.50% after[428]. - The company pays a commitment fee on the unused portion of the Credit Facility, ranging from 0.50% to 2.675% per annum[428]. - The company is subject to a 4% nondeductible U.S. federal excise tax on certain undistributed income unless it distributes at least 98% of its net ordinary income for each calendar year[138]. Portfolio Management - The investment advisor is responsible for portfolio composition and investment execution, ensuring alignment with the company's strategic goals[84]. - The investment advisor's expertise is leveraged to assess risks and determine pricing for portfolio investments[77]. - The investment advisor is responsible for providing managerial assistance to portfolio companies, with fees reimbursed for such services[109]. - As of December 31, 2024, 50 portfolio companies' debt investments bore interest at a variable rate, representing $704.0 million of the portfolio on a fair value basis[428]. - As of December 31, 2023, 46 portfolio companies' debt investments bore interest at a variable rate, representing $629.3 million of the portfolio[428]. Regulatory Considerations - The company has adopted written compliance policies and procedures to prevent violations of U.S. federal securities laws[118]. - The company may face challenges in meeting the Annual Distribution Requirement due to the illiquid nature of its portfolio[148]. - If the company fails to qualify as a RIC for more than two taxable years, it may be subject to corporate tax on net built-in gains upon requalification[158]. - The company may be required to recognize taxable income without receiving corresponding cash, impacting its ability to meet the Annual Distribution Requirement[143].

Exhibit 99.1 FIDUS INVESTMENT CORPORATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS Board of Directors Declared Total Dividends of $0.54 per Share for First Quarter 2025 Base Dividend of $0.43 and Supplemental Dividend of $0.11 Per Share EVANSTON, Ill., March 6, 2025 – Fidus Investment Corporation (NASDAQ:FDUS) ("Fidus" or the "Company"), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced it ...

Core Points - Fidus Investment Corporation declared a total dividend of $0.54 per share for the first quarter of 2025, consisting of a base dividend of $0.43 and a supplemental dividend of $0.11 [25] - The company reported a 13.8% increase in assets under management on a fair value basis for the year 2024, with a total investment income of $146.1 million, up 12.3% from the previous year [5][12] - Net investment income for the fourth quarter of 2024 was $18.6 million, or $0.55 per share, representing a 10.1% increase compared to the same period in 2023 [10][7] Financial Highlights - For the fourth quarter of 2024, total investment income was $37.5 million, with net investment income of $18.6 million, and adjusted net investment income of $18.4 million [7][8] - The full year 2024 saw total investment income of $146.1 million, net investment income of $74.6 million, and adjusted net investment income of $75.4 million [12][14] - The company paid total dividends of $2.42 per share for the year 2024, which included regular quarterly dividends totaling $1.72 and supplemental dividends of $0.70 [7][12] Portfolio and Investment Activities - As of December 31, 2024, the fair value of Fidus's investment portfolio was $1.1 billion, consisting of 87 active portfolio companies [16] - The company invested $120.3 million in debt and equity securities during the fourth quarter of 2024, including five new portfolio companies [7] - The weighted average yield on debt investments was 13.3% as of December 31, 2024 [17] Subsequent Events - On January 6, 2025, Fidus invested $15.0 million in first lien debt and $0.8 million in common equity of Customer Expressions Corp [19] - On January 7, 2025, the company invested $19.0 million in first lien debt and $0.4 million in common equity in Onsight Industries, LLC [20] - On January 14, 2025, Fidus exited its preferred equity investment in Healthfuse, LLC, realizing a gain of approximately $3.2 million [21]

Group 1 - Mr. Mavroudis is a professional portfolio manager specializing in institutional and private portfolios, focusing on risk management and in-depth financial market analysis [1] - He invests in various financial instruments globally, including stocks, bonds, foreign exchange, and commodities, while restructuring investment portfolios based on prevailing conditions and client needs [1] - Mr. Mavroudis has successfully navigated major crises, including the COVID-19 pandemic and the PSI, demonstrating his expertise in risk management [1] Group 2 - He is the CEO of FAST FINANCE Investment Services, a registered Greek company by the Hellenic Capital Market Commission [1] - Mr. Mavroudis holds multiple degrees, including an MSc in Financial and Banking Management, an LLM in Law, and a BSc in Economics, graduating as valedictorian [1] - He is certified in various financial disciplines, including portfolio management, financial instruments analysis, derivatives, and securities market-making [1] Group 3 - By writing on Seeking Alpha, the company aims to engage with a vibrant community of investors and market enthusiasts, contributing meaningful perspectives while fostering mutual growth and knowledge sharing [1]