tadamichi December last year, I began covering several BDCs and one of them was Fidus Investment (NASDAQ:FDUS). At that time considering FDUS's fundamentals and market environment, I decided to assume a more neutral stance setting a "hold" rating. Since the publication of my article, the BDC has underperformed the benchmark by roughly 230 basis points (on a total return basis). YCharts In general, early start of 2024 has brought many divergences in the BDC space, where the gap between outperformers and ...

marekuliasz In this article, we catch up on Q4 results from the Business Development Company ("BDC") Fidus Investment (NASDAQ:FDUS). FDUS trades at a total dividend yield of 13.4% and a 100% valuation. FDUS invests in the lower middle-market segment and is overweight the Technology sector. Our key takeaway is that FDUS offers one of the best opportunities in the BDC market, particularly for investors who want to diversify away from the upper middle-market popular names like ARCC, OCSL, OBDC and others. ...

Exhibit 99.1 FIDUS INVESTMENT CORPORATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Board of Directors Declared Total Dividends of $0.65 per Share for First Quarter 2024 Base Dividend of $0.43 and Supplemental Dividend of $0.22 Per Share EVANSTON, Ill., February 29, 2024 – 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 announce ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 814-00861 FIDUS INVESTMENT CORPORATION (Exact Name of Registrant as Specified in Its Charter) Maryland 27-5017321 (State or Other Jurisdicti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 814-00861 Fidus Investment Corporation (Exact Name of Registrant as Specified in its Charter) Maryland 27-50173 ...

FORM 10-Q (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 814-00861 Fidus Investment Corporation (Exact Name of Registrant as Specified in its Charter) Maryland 27-5017321 (S ...

Fidus Investment Corp (NASDAQ:FDUS) Q1 2023 Earnings Conference Call May 5, 2023 9:00 AM ET Company Participants Shelby Sherard - CFO, Chief Compliance Officer & Secretary Edward Ross - Chairman & CEO Conference Call Participants Mickey Schleien - Ladenburg Thalmann & Co. Robert Dodd - Raymond James & Associates Bryce Rowe - B. Riley Securities Erik Zwick - Hovde Group Operator Good day, and welcome to the Fidus Investment Corporation First Quarter 2023 Earnings Conference Call. [Operator Instructions]. And ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 814-00861 Fidus Investment Corporation (Exact Name of Registrant as Specified in its Charter) Maryland 27-5017321 ( ...

Financial Data and Key Metrics Changes - Adjusted net investment income (NII) for Q4 2022 was $12.6 million or $0.51 per share, an increase from $12 million or $0.49 per share in the previous year [9] - Total investment income for Q4 2022 was $27.5 million, a $2.5 million increase from Q3 2022, primarily due to a rise in interest income [27] - Total expenses for Q4 2022 were $15 million, which is $2.7 million higher than Q3 2022, driven by increased income taxes and professional fees [29] - The company ended Q4 2022 with a net asset value of $480.3 million or $19.43 per share [10] Business Line Data and Key Metrics Changes - The company invested $65.9 million in debt securities during the quarter, focusing on high-quality companies [14] - Debt investments increased from $549.8 million or 77% of the total as of December 31, 2021, to $740.5 million or 86% of the total as of December 31, 2022 [18] - The fair value of the portfolio at quarter end was $860.3 million, equal to 103.8% of cost [16] Market Data and Key Metrics Changes - The weighted average interest rate on outstanding debt was 4% as of December 31, 2022 [30] - The weighted average effective yield on debt investments increased to 13.8% as of December 31, 2022, from 12.9% at September 30, 2022 [40] Company Strategy and Development Direction - The company aims to preserve capital and generate attractive risk-adjusted returns for shareholders while focusing on high free cash flow and defensive growth companies [25] - The company plans to continue making equity co-investments alongside debt investments, indicating a strategy to enhance portfolio resilience [71] Management's Comments on Operating Environment and Future Outlook - Management noted that the credit environment was tougher in Q4 2022 compared to the previous year, but they continue to find attractive investment opportunities [8][25] - The company expects to grow its portfolio in 2023 despite macroeconomic uncertainties, including potential recession scenarios [25] Other Important Information - The company declared a total cash dividend of $0.66 per share for the first quarter of 2023, which includes a base dividend and supplemental dividends [13] - The company has approximately $179.3 million in total liquidity as of December 31, 2022 [35] Q&A Session Summary Question: What does the pipeline look like for 2023? - Management indicated that while Q4 was a low point for activity, there has been an uptick in January and they expect to continue growing the portfolio in Q2 2023 [44] Question: What is the target for balance sheet leverage? - The company aims for a long-term leverage target of 1:1, with comfort in a range from 0.75 to 1.25x [47] Question: How are portfolio companies managing current challenges? - Management stated that portfolio companies are raising prices, cutting costs, and managing operational challenges effectively [57] Question: Has competition in the market changed? - Management confirmed that competition has pulled back significantly compared to a year ago, particularly from banks and CLOs [65] Question: What is the expectation for realized gains in 2023? - Management expects incremental gains but at a more modest pace compared to previous years due to market conditions [68] Question: Are purchase price multiples contracting for new M&A deals? - Management noted that while multiples have come down slightly, they have not dropped significantly, and they continue to see opportunities for equity co-investments [70]

FIDUS T ME NT Investor Presentation NASDAQ: Common Stock – FDUS This presentation is neither an offer to sell nor a solicitation of an offer to buy Fidus securities. An offering is made only by an applicable prospectus. This presentation must be read in conjunction with a prospectus in order to fully understand all of the implications and risks of the offering of securities to which the prospectus relates. A copy of such a prospectus must be made available to you in connection with any offering. II. Investm ...