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Fifth Street Finance Corp. Message Board

  • dmichael4 dmichael4 Oct 26, 2013 11:43 AM Flag

    New investor question for board

    Hi all, I'm looking at adding FSC to my portfolio and had a couple of easy questions for the board.
    Looks like FSC is a corporation, rather than an LLP, LLC, or MLP. And the dividends (or distributions) are paid monthly. Is that correct? Thanks very much.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Welcome on board. First, you should never invest in anything you do not understand or have not done your homework on; Second, you should never invest in anything just because of their high dividends. Third, you should buy only stocks/funds that you believe are undervalued and have good future growth potential because at the end of day you have to take full responsibility of your actions.

      I would not recommend buying MLP for your retirement accounts because having to deal with their UBTI (unrelated business taxable income) (from their dividends) can be tricky if you receive a lot of dividends from MLPs in your retirement accounts.

    • It is a Business Development Company (BDC) and it does pay monthly. There is some talk that the dividend might be reduced so study everything before you buy.............and learn what a BDC is.

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