Fidus to invest in middle-market companies via offering proceeds

By Toni Weeks

San Luis Obispo, Calif., May 2 - Fidus Investment Corp. announced plans to sell $300 million of securities in a public offering, according to a 497 filing with the Securities and Exchange Commission.

The externally managed, closed-end, non-diversified management investment company seeks to provide attractive risk-adjusted returns by generating current income from debt investments and capital appreciation from its equity-related investments. The company invests primarily in mezzanine loans and equity securities of lower middle-market companies throughout the United States.

The investment committee is comprised of Edward H. Ross, Thomas C. Lauer, B. Bragg Comer III, John J. Ross II, Paul E. Tierney Jr., John H. Grigg and W. Andrew Worth.

The company will offer common stock, preferred stock, subscription rights, debt securities or warrants in one or more offerings through underwriters, dealers, at-the-market offerings or directly. Its common stock (Nasdaq: FDUS) closed at $18.83 on April 5.

Total annual expenses of 11.2% include a 2.7% base management fee. Any applicable sales load will be disclosed in future prospectuses.

Evanston, Ill.-based Fidus Investment Advisors, LLC serves as the investment adviser.

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