Leonard Tannenbaum reports 5.5% stake in Fifth Street Finance

By Angela McDaniels

Tacoma, Wash., March 30 - Fifth Street Finance Corp. investor Leonard Tannenbaum reported beneficial ownership of 1,243,273 shares, or 5.5%, of the company's common stock in a schedule 13D filing with the Securities and Exchange Commission.

According to the filing, the acquisition of the shares was made for investment intent only and was not made with the intent of influencing or changing the control of the company, its business or corporate structure or any material provisions in its charter or bylaws.

Of the total number of shares owned by Tannenbaum, 140,389 were purchased between Jan. 29 and March 23 for $6.00 to $7.10 each.

Fifth Street Finance is a White Plains, N.Y.-based fund managed by Fifth Street Capital LLC specializing in mezzanine investments.

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