Fidus Investment Corporation (NASDAQ:FDUS)

Fidus Investment Corporation FDUS

Financial Services - Asset Management - NASDAQ - US

Watchlist

$ 20.45

0 %

$ 694 M

Market Cap

7.23

P/E

1. INTRINSIC VALUE

Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans. It does not invest in turnarounds or distressed situations. The fund prefers to invest in aerospace and defense, business services, consumer products and services including retail, food, and beverage, healthcare products and services, industrial products and services, information technology services, niche manufacturing, transportation and logistics, and value-added distribution sectors.[ Read More ]

The intrinsic value of one FDUS stock under the base case scenario is HIDDEN Compared to the current market price of 20.4 USD, Fidus Investment Corporation is HIDDEN

FDUS Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart FDUS

FINANCIALS

Annual
Quarterly

154 M REVENUE

Growth Rates

1Year 191.18%

3Years 56.83%

5Years 22.80%

7Years 18.79%

10Years 17.38%

103 M OPERATING INCOME

Growth Rates

1Year 54.73%

3Years 46.45%

5Years 16.20%

7Years 20.99%

10Years 18.04%

77.1 M NET INCOME

Growth Rates

1Year 115.32%

3Years 35.18%

5Years 9.30%

7Years 9.23%

10Years 10.98%

48.4 M OPERATING CASH FLOW

Growth Rates

1Year 145.87%

3Years -4.72%

5Years 42.82%

7Years 19.30%

10Years 38.05%

0 INVESTING CASH FLOW

Growth Rates

1Year 100.00%

3Years 0.00%

5Years 14.87%

7Years 10.41%

10Years 7.18%

86.2 M FINANCING CASH FLOW

Growth Rates

1Year 5736.47%

3Years 17.37%

5Years 67.52%

7Years 5.56%

10Years 37.90%

31.9 M REVENUE

Growth Rates

1Year 191.18%

3Years 56.83%

5Years 22.80%

7Years 18.79%

10Years 17.38%

23.6 M OPERATING INCOME

Growth Rates

1Year 54.73%

3Years 46.45%

5Years 16.20%

7Years 20.99%

10Years 18.04%

-44.2 M NET INCOME

Growth Rates

1Year 115.32%

3Years 35.18%

5Years 9.30%

7Years 9.23%

10Years 10.98%

-14.7 M OPERATING CASH FLOW

Growth Rates

1Year 145.87%

3Years -4.72%

5Years 42.82%

7Years 19.30%

10Years 38.05%

-15.1 M INVESTING CASH FLOW

Growth Rates

1Year 100.00%

3Years 0.00%

5Years 14.87%

7Years 10.41%

10Years 7.18%

1.44 M FINANCING CASH FLOW

Growth Rates

1Year 5736.47%

3Years 17.37%

5Years 67.52%

7Years 5.56%

10Years 37.90%

Balance Sheet Decomposition Fidus Investment Corporation

1.09 B ASSETS
501 M LIABILITIES

Current Assets	133 M
Cash & Short-Term Investments	119 M
Receivables	12 M
Other Current Assets	1.9 M
Non-Current Assets	958 M
Long-Term Investments	958 M
PP&E	0
Other Non-Current Assets	1

Current Liabilities	69.1 M
Accounts Payable	6.66 M
Short-Term Debt	0
Other Current Liabilities	62.4 M
Non-Current Liabilities	296 B
Long-Term Debt	467 M
Other Non-Current Liabilities	296 B

EFFICIENCY

Earnings Waterfall Fidus Investment Corporation

Revenue	154 M
Cost Of Revenue	37.3 M
Gross Profit	117 M
Operating Expenses	88 M
Operating Income	103 M
Other Expenses	25.5 M
Net Income	77.1 M

RATIOS

75.82% GROSS MARGIN

Averages

1Year 75.82%

3Years 65.56%

5Years 59.41%

7Years 65.30%

10Years 68.98%

66.54% OPERATING MARGIN

Averages

1Year 66.54%

3Years 95.01%

5Years 91.55%

7Years 87.53%

10Years 85.84%

50.03% NET MARGIN

Averages

1Year 50.03%

3Years 69.64%

5Years 75.38%

7Years 79.09%

10Years 81.04%

13.09% ROE

Averages

1Year 13.09%

3Years 14.78%

5Years 12.74%

7Years 12.45%

10Years 11.74%

7.07% ROA

Averages

1Year 7.07%

3Years 7.95%

5Years 6.71%

7Years 6.78%

10Years 6.44%

9.39% ROIC

Averages

1Year 9.39%

3Years 9.53%

5Years 7.71%

7Years 7.23%

10Years 6.63%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Fidus Investment Corporation

Net Income	77.1 M
Depreciation & Amortization	0
Capital Expenditures	0
Stock-Based Compensation	0
Change in Working Capital	-11.2 M
Others	-25.7 M
Free Cash Flow	48.4 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Fidus Investment Corporation

FDUS has no price targets from Wall Street.

4. DIVIDEND ANALYSIS

2.84% DIVIDEND YIELD

0 USD DIVIDEND PER SHARE

5. COMPETITION

Golub Capital BDC, Inc. (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company.

4.76 USD

GBDC

Overvalued 69.11%

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments.

14 USD

TCPC

Undervalued 55.74%

TCG BDC, Inc. is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities.

5.91 USD

CGBD

Overvalued 63.53%

Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.

-0.0403 USD

TSLX

Overvalued 100.20%

New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries.

15.1 USD

NMFC

Undervalued 31.27%

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments.

-1.24 USD

TPVG

Overvalued 115.64%

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.

-5.07 USD

OFS

Overvalued 163.26%

Stellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment.

16 USD

SCM

Undervalued 14.44%

Monroe Capital Corporation is a business development company specializing in customized financing solutions in senior, unitranche and junior secured debt, subordinated debt financing and to a lesser extent, unsecured debt and equity, including equity co-investments in preferred and common stock and warrants.

24.6 USD

MRCC

Undervalued 199.29%

6. Ownership

Insider Ownership Fidus Investment Corporation

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
4 years ago Mar 12, 2020	Bought 28.3 K USD	Tune Edward X. Director	+ 3000	9.43 USD
4 years ago Mar 13, 2020	Bought 19.7 K USD	HYMAN CHARLES D Director	+ 2000	9.84 USD
4 years ago Mar 11, 2020	Bought 22.9 K USD	Lauer Thomas Charles President	+ 2000	11.45 USD
4 years ago Mar 11, 2020	Bought 71.7 K USD	Anstiss Raymond L. Jr. Director	+ 6150	11.66 USD
4 years ago Mar 12, 2020	Bought 13.5 K USD	Anstiss Raymond L. Jr. Director	+ 1500	9 USD
4 years ago Mar 12, 2020	Bought 37.2 K USD	ROSS EDWARD H See Remarks	+ 4000	9.31 USD
4 years ago Mar 12, 2020	Bought 46.8 K USD	Sherard Shelby E See Remarks	+ 5000	9.36 USD
4 years ago Mar 10, 2020	Bought 23.6 K USD	ROSS EDWARD H See Remarks	+ 2000	11.81 USD
4 years ago Mar 09, 2020	Bought 25.2 K USD	Sherard Shelby E See Remarks	+ 2100	11.99 USD
4 years ago Mar 09, 2020	Bought 50 K USD	Sherard Shelby E See Remarks	+ 3850	12.99 USD
4 years ago Mar 09, 2020	Bought 62 K USD	Lauer Thomas Charles President	+ 5000	12.4 USD
5 years ago Aug 08, 2019	Bought 24.9 K USD	Sherard Shelby E See Remarks	+ 1750	14.25 USD
5 years ago Aug 07, 2019	Bought 19.4 K USD	Sherard Shelby E See Remarks	+ 1350	14.4 USD
5 years ago Aug 06, 2019	Bought 14.6 K USD	Anstiss Raymond L. Jr. Director	+ 1000	14.65 USD
5 years ago Jun 03, 2019	Bought 27.7 K USD	Anstiss Raymond L. Jr. Director	+ 1740	15.93 USD
5 years ago Jun 03, 2019	Bought 16 K USD	Anstiss Raymond L. Jr. Director	+ 1000	15.97 USD
5 years ago May 13, 2019	Bought 8 K USD	Anstiss Raymond L. Jr. Director	+ 500	15.99 USD
5 years ago May 13, 2019	Bought 28 K USD	Anstiss Raymond L. Jr. Director	+ 1750	16 USD
5 years ago Dec 06, 2018	Bought 50 K USD	Sherard Shelby E See Remarks	+ 3675	13.6 USD
6 years ago Mar 07, 2018	Bought 46.1 K USD	ROSS EDWARD H See Remarks	+ 3500	13.18 USD
6 years ago Mar 08, 2018	Bought 19.2 K USD	HYMAN CHARLES D Director	+ 1500	12.7949 USD
6 years ago Mar 08, 2018	Bought 51.2 K USD	Lauer Thomas Charles President	+ 4000	12.8 USD
6 years ago Mar 09, 2018	Bought 27.9 K USD	Sherard Shelby E See Remarks	+ 2186	12.75 USD
6 years ago Mar 08, 2018	Bought 16.8 K USD	Sherard Shelby E See Remarks	+ 1314	12.75 USD
6 years ago Mar 07, 2018	Bought 91.7 K USD	Sherard Shelby E See Remarks	+ 7000	13.1 USD
9 years ago Aug 24, 2015	Bought 749 USD	Lauer Thomas Charles Director	+ 100	7.49 USD
9 years ago Aug 21, 2015	Bought 49.8 K USD	Sherard Shelby E Chief Financial Officer	+ 3435	14.5 USD
9 years ago Dec 04, 2014	Bought 25.7 K USD	HYMAN CHARLES D Director	+ 1700	15.1059 USD
9 years ago Dec 01, 2014	Bought 24.2 K USD	Lauer Thomas Charles Director	+ 1500	16.11 USD
9 years ago Nov 24, 2014	Bought 60.6 K USD	Mazzarino John A. Director	+ 3658	16.5795 USD
9 years ago Nov 24, 2014	Bought 92.8 K USD	Mazzarino John A. Director	+ 5600	16.579 USD
9 years ago Nov 24, 2014	Bought 12.2 K USD	Mazzarino John A. Director	+ 742	16.5 USD
10 years ago May 14, 2014	Bought 34 K USD	HYMAN CHARLES D Director	+ 2000	16.99 USD
11 years ago Aug 16, 2013	Bought 40 K USD	Schaefer Cary L CFO, CCO & Secretary	+ 2110	18.95 USD
12 years ago Nov 09, 2012	Bought 18.4 K USD	Lauer Thomas Charles Director	+ 1202	15.3 USD
12 years ago Nov 08, 2012	Bought 30.9 K USD	Schaefer Cary L CFO, CCO & Secretary	+ 2000	15.43 USD
12 years ago Nov 08, 2012	Bought 30.8 K USD	ROSS EDWARD H Chairman of the Board and CEO	+ 2000	15.39 USD
12 years ago Aug 08, 2012	Bought 23 K USD	HYMAN CHARLES D Director	+ 1495	15.36 USD
12 years ago May 10, 2012	Bought 24.6 K USD	Anstiss Raymond L. Jr. Director	+ 1800	13.66 USD
12 years ago May 10, 2012	Bought 20.5 K USD	Anstiss Raymond L. Jr. Director	+ 1500	13.64 USD
12 years ago May 10, 2012	Bought 17.2 K USD	Anstiss Raymond L. Jr. Director	+ 1250	13.79 USD
12 years ago May 10, 2012	Bought 17.1 K USD	Anstiss Raymond L. Jr. Director	+ 1250	13.67 USD
12 years ago Mar 15, 2012	Bought 20.2 K USD	Lauer Thomas Charles Director	+ 1500	13.5 USD
12 years ago Mar 14, 2012	Bought 27.6 K USD	ROSS EDWARD H Chairman of the Board and CEO	+ 2000	13.79 USD
12 years ago Mar 14, 2012	Bought 20.6 K USD	Schaefer Cary L CFO, CCO & Secretary	+ 1500	13.74 USD
12 years ago Mar 12, 2012	Bought 20.7 K USD	HYMAN CHARLES D Director	+ 1500	13.8 USD
12 years ago Jan 09, 2012	Sell 271 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 19945	13.57 USD
12 years ago Jan 10, 2012	Sell 407 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 30016	13.56 USD
12 years ago Jan 18, 2012	Sell 41.7 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 3076	13.56 USD
12 years ago Jan 19, 2012	Sell 190 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 14017	13.56 USD
12 years ago Jan 20, 2012	Sell 353 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 25819	13.67 USD
12 years ago Jan 23, 2012	Sell 175 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 12681	13.83 USD
12 years ago Jan 24, 2012	Sell 295 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 21168	13.92 USD
12 years ago Jan 25, 2012	Sell 269 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 19287	13.94 USD
12 years ago Jan 26, 2012	Sell 61.5 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 4432	13.87 USD
12 years ago Jan 27, 2012	Sell 112 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 7970	14 USD
12 years ago Jan 30, 2012	Sell 49 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 3599	13.61 USD
12 years ago Jan 31, 2012	Sell 208 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 15244	13.64 USD
12 years ago Feb 01, 2012	Sell 300 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 22116	13.56 USD
12 years ago Feb 02, 2012	Sell 46 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 3382	13.6 USD
12 years ago Feb 03, 2012	Sell 78.3 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 5705	13.73 USD
12 years ago Feb 06, 2012	Sell 60.1 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 4400	13.65 USD
12 years ago Feb 07, 2012	Sell 105 K USD	PineBridge Secondary Partners II Holdings, L.P. 10 percent owner	- 7700	13.7 USD
12 years ago Nov 22, 2011	Bought 21.7 K USD	ROSS EDWARD H Chairman of the Board and CEO	+ 1800	12.04 USD
13 years ago Nov 21, 2011	Bought 2.39 K USD	ROSS EDWARD H Chairman of the Board and CEO	+ 200	11.95 USD
12 years ago Nov 22, 2011	Bought 6 K USD	Lauer Thomas Charles Director	+ 500	12 USD
13 years ago Nov 21, 2011	Bought 7.53 K USD	Lauer Thomas Charles Director	+ 632	11.92 USD
12 years ago Nov 22, 2011	Bought 24.1 K USD	HYMAN CHARLES D Director	+ 2000	12.04 USD
12 years ago Nov 22, 2011	Bought 21.7 K USD	ROSS EDWARD H Chairman of the Board and CEO	+ 1800	12.04 USD
13 years ago Nov 21, 2011	Bought 2.39 K USD	ROSS EDWARD H Chairman of the Board and CEO	+ 200	11.95 USD
12 years ago Nov 22, 2011	Bought 6 K USD	Lauer Thomas Charles Director	+ 500	12 USD
13 years ago Nov 21, 2011	Bought 7.53 K USD	Lauer Thomas Charles Director	+ 632	11.92 USD
12 years ago Nov 22, 2011	Bought 24.1 K USD	HYMAN CHARLES D Director	+ 2000	12.04 USD
13 years ago Nov 10, 2011	Bought 12.3 K USD	Anstiss Raymond L. Jr. Director	+ 1000	12.2587 USD

7. News

BDC Weekly Review: Tax-Loss Season Is Approaching We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken further by year-end. seekingalpha.com - 22 hours ago

Fidus Investment: A High-Yield BDC With Dividend Coverage And Growth Fidus Investment offers a compelling investment with a high dividend yield of 8.6%, comfortably covered by net investment income and strong liquidity. The company's net asset value has shown substantial growth, indicating robust investment performance and dividend stability, with a YoY increase of 11.8%. Fidus' diversified portfolio, primarily in First-Lien Debts, and a fair value of $1.1 billion, support its financial health and investment potential. seekingalpha.com - 2 days ago

Fidus Investment: Near 9% Yield Should Be Sustainable (Upgrade) Fidus Investment Corporation is a well-managed BDC with a First Lien-centric portfolio, covering its dividends with net investment income. The BDC pays special dividends quarterly, enhancing total return potential and providing an attractive 8.8% yield, potentially higher with special dividends. Fidus Investment's stock is reasonably priced at 1.0x NAV, with potential for a 10% premium due to excess portfolio income. seekingalpha.com - 1 week ago

Let's Examine The Safety Of Fidus Investment Dividends Fidus Investment is a business development company, which tends to be sensitive to changes in the interest rate environment. FDUS portfolio is well-diversified and oriented around mostly debt investments in the US. I've examined the safety of FDUS distributions, which led me to believe there will be more specials along the way. seekingalpha.com - 1 week ago

Fidus Investment (FDUS) Q3 2024 Earnings Call Transcript Fidus Investment (NASDAQ:FDUS ) Q3 2024 Earnings Conference Call November 1, 2024 9:00 AM ET Company Participants Jody Burfening - Investor Relations Ed Ross - Chairman & Chief Executive Officer Shelby Sherard - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Paul Johnson - KBW Bryce Rowe - B. Riley Operator Good day and welcome to the Fidus Third Quarter 2024 Earnings Conference Call. seekingalpha.com - 2 weeks ago

Fidus Investment (FDUS) Surpasses Q3 Earnings and Revenue Estimates Fidus Investment (FDUS) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.68 per share a year ago. zacks.com - 2 weeks ago

Fidus Investment Corporation Announces Third Quarter 2024 Financial Results Board of Directors Declared Total Dividends of $0.61 per Share for Fourth Quarter 2024 Base Dividend of $0.43 and Supplemental Dividend of $0.18 Per Share EVANSTON, Ill., Oct. 31, 2024 (GLOBE NEWSWIRE) -- 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 its financial results for the third quarter ended September 30, 2024. globenewswire.com - 2 weeks ago

Fidus Investment Corporation Schedules Third Quarter 2024 Earnings Release and Conference Call EVANSTON, Ill., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it will report its third quarter 2024 financial results on Thursday, October 31, 2024 after the close of the financial markets. globenewswire.com - 3 weeks ago

My 9.5% Income Portfolio-Fifty Shades Of Blue My portfolio includes CEFs, ETFs, a few BDCs and an ETN, for whose selection I have developed over the years a criterion based mainly on NAV performance. In this article, however, I decided to focus on the price of each security in my portfolio, comparing it with the lows and highs touched throughout its history. An overview of the path each one has taken from launch to current market quotation with a personal assessment of the possible room for maneuver from those values. seekingalpha.com - 1 month ago

9%-Yielding Fidus Investment: 133% Dividend Coverage And Low Leverage Fidus Investment offers a well-covered 8.8% regular dividend yield (13% TTM yield), special dividends, and a disciplined focus on the lower middle market, making it an attractive high-yielding investment. FDUS's strong balance sheet and proven track record of NAV preservation and shareholder returns further strengthen its appeal. With a +$1 billion investment portfolio primarily in secured debt and a high weighted average debt yield, FDUS remains a solid pick at virtually no premium to NAV. seekingalpha.com - 1 month ago

Invest In All Weather BDC Dividend Portfolio The All Weather Portfolio concept introduced by Ray Dalio aims for stable returns through largely uncorrelated investment exposures. In this article, I have tried to apply the essence of such a construct for BDC dividend-seeking investments. The sample portfolio, which is presented in the article, consists of three structural layers that are not that correlated and offer different risk and reward profiles. seekingalpha.com - 1 month ago

A Game Plan For BDC Investors Before The Earnings Season Major BDCs are soon about to report their Q3, 2024 earnings. The current sector-wide challenges do not send encouraging signals. The Management team of SAR, which is one the BDCs that report 10-Q early, has indicated that the headwinds indeed persist. seekingalpha.com - 1 month ago

8. Profile Summary

Fidus Investment Corporation FDUS

COUNTRY US

INDUSTRY Asset Management

MARKET CAP $ 694 M

Dividend Yield 2.84%

Description Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans. It does not invest in turnarounds or distressed situations. The fund prefers to invest in aerospace and defense, business services, consumer products and services including retail, food, and beverage, healthcare products and services, industrial products and services, information technology services, niche manufacturing, transportation and logistics, and value-added distribution sectors. It seeks to invest in companies based in United States. The fund typically invests between $5 million and $15 million per transaction in companies with annual revenues between $10 million and $150 million and an annual EBITDA between $3 million and $20 million, but it can occasionally invest in larger or smaller companies. It seeks to acquire minority equity stakes and board observation rights in conjunction with its investments.

Contact 1603 Orrington Avenue, Evanston, IL, 60201 https://www.fdus.com

IPO Date June 21, 2011

Employees None

Officers Mr. Thomas J. Steiglehner Managing Director Mr. Edward H. Ross Chairman of the Board & Chief Executive Officer Mr. Thomas C. Lauer President, MD & Director Ms. Shelby Elizabeth Sherard CPA Chief Financial Officer, Chief Compliance Officer & Corporate Secretary Ms. Amanda Armstrong Accounting Manager Ms. Jody Burfening Investor Relations Contact Mr. Craig J. Petrusha Managing Director Mr. William Andrew Worth Managing Director Mr. John Joseph Ross II Managing Director Mr. Matthew G. Shehorn Managing Director

Price Chart FDUS

Fidus Investment Corporation FDUS

Premium Plan

Unlimited Plan