Fidus Investment Corporation Schedules Fourth Quarter 2024 Earnings Release and Conference Call
EVANSTON, Ill., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ: FDUS) ('Fidus' or the 'Company') today announced that it will report its fourth quarter 2024 financial results on Thursday, March 6, 2025 after the close of the financial markets.
Management will host a conference call to discuss the operating and financial results at 9:00am ET on Friday, March 7, 2025. To participate in the conference call, please dial (844) 808-7136 approximately 10 minutes prior to the call. International callers should dial (412) 317-0534. Please ask to be joined into the Fidus Investment Corporation call.
A live webcast of the conference call will be available at https://investor.fdus.com/news-events/events-presentations. Please access the website 15 minutes prior to the start of the call to download and install any necessary audio software.
A webcast replay of the conference call will be available two hours after the call on the investor relations section of the Company's website.
ABOUT FIDUS INVESTMENT CORPORATION
Fidus Investment Corporation provides customized debt and equity financing solutions to lower middle-market companies, which management generally defines as U.S. based companies with revenues between $10 million and $150 million. The Company's investment objective is to provide attractive risk-adjusted returns by generating both current income from debt investments and capital appreciation from equity related investments. Fidus seeks to partner with business owners, management teams and financial sponsors by providing customized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.
Fidus is an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. In addition, for tax purposes, Fidus has elected to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Fidus was formed in February 2011 to continue and expand the business of Fidus Mezzanine Capital, L.P., which commenced operations in May 2007 and is licensed by the U.S. Small Business Administration as a Small Business Investment Company (SBIC).
FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements which are based upon current expectations and are inherently uncertain, including, but not limited to, statements about the future performance and financial condition of the Company, the prospects of our existing and prospective portfolio companies, the financial condition and ability of our existing and prospective portfolio companies to achieve their objectives, and the timing, form and amount of any distributions or supplemental dividends in the future. Any such statements, other than statements of historical fact, are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company's control, and that the Company may or may not have considered, such as changes in the financial and lending markets and the impact of interest rate volatility, including the decommissioning of LIBOR and rising interest rates; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future as a result of a number of factors related to changes in the markets in which the Company invests, changes in the financial, capital, and lending markets, and other factors described from time to time in the Company's filings with the Securities and Exchange Commission. Such statements speak only as of the time when made, and are based on information available to the Company as of the date hereof and are qualified in their entirety by this cautionary statement. The Company undertakes no obligation to update any such statement now or in the future, except as required by applicable law.
Company Contact:Shelby E. SherardChief Financial OfficerFidus Investment Corporation(847) 859-3938SSherard@fidusinv.com
Investor Relations Contact:Alliance AdvisorsJody Burfening(212) 838-3777Jburfening@allianceadvisors.comSign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
Quantum Breakthrough: D-Wave Soars Over 1,000% in a Year
D-Wave Quantum Inc. (NYSE:QBTS) stock surged more than 10% on Friday, extending a rally that tops 150% this month. The gains reflect progress across hardware, software and enterprise deployments. Warning! GuruFocus has detected 3 Warning Signs with QBTS. Over the past year, QBTS has climbed about 1,281%, far outstripping the Internet Software industry's 35% rise and the S&P 500's 12%. Rigetti Computing (NASDAQ:RGTI) and IonQ (NYSE:IONQ) have also jumped but lag D-Wave, up 840.6% and 402%, respectively. In Q1 2025, D-Wave's 1,200-qubit Advantage2 prototype solved a complex magnetic simulation in minutes, a task estimated to take one million years on the Frontier supercomputer. That real-world demonstration of quantum supremacy underscored the firm's annealing approach. The company also scaled up its Advantage2 system to more than 4,400 qubits, boosting coherence times and connectivity for tackling optimization tasks and AI challenges. D-Wave unveiled a Proof of Quantum Work model suggesting blockchain energy use could drop by up to 1,000x. Corporations such as Ford Otosan and NTT DOCOMO are piloting D-Wave's systems for manufacturing and telecom optimization. Investors may view these advances as validation of the technology's commercial potential. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
17 minutes ago
- Yahoo
AI Search Engine Perplexity Gains Traction vs. Google
Perplexity keeps breaking records, clocking 780 million searches in Maya 20% jump from Aprilas CEO Aravind Srinivas told Bloomberg Tech Summit attendees that people are tired of legacy browsers like Chrome. If Perplexity can keep this momentum, Srinivas believes it could hit 1 billion weekly queries soon, thanks to everything happening in its search bar, new-tab page and sidecar interface that drives extra engagement. Warning! GuruFocus has detected 3 Warning Sign with PYPL. The startup, backed by Nvidia (NASDAQ:NVDA) and Jeff Bezos, is also gearing up to launch Comet within three to five weeks. Comet is Perplexitys new agentic search service that does things for youlike record your virtual meetings, transcribe them and let you search what was said. Srinivas admitted building those features has been harder than anticipated, but he says reliability and speed have improved, and everyones working super hard to get the browser out in your hands. Perplexity just added a way to buy products directly in chat via PayPal (NASDAQ:PYPL) or Venmo, hinting at future revenue beyond ads. That matters because Google (NASDAQ:GOOG) still owns about 90% of search trafficand even though Bing sits in second with around 4%, Perplexitys off-the-charts growth and $14 billion valuation (up from $9 billion in December) show investors are betting that a browser-native, AI-first experience could steal user time and queries. Investors should keep an eye on whether Perplexity can sustain these gains once Comet goes live; this summers traffic pick-up and early feedback on Comet will be key gauges. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 minutes ago
- Yahoo
Nvidia, Meta, Apple Lead Tech Rebound After Robust Jobs Data
June 6 - Stocks climbed after May's U.S. jobs data beat estimates, sending indexes higher. The Dow Jones Industrial Average jumped about 510 points, or 1.2%. The S&P 500 also added roughly 1.2%, reaching the 6,000 mark for the first time since late February. The Nasdaq Composite rose 1.4%. Tesla (NASDAQ:TSLA) led gains among major names, jumping more than 3% after tumbling the previous day amid a public spat involving Elon Musk. Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META) and Apple (NASDAQ:AAPL) also traded higher. Nonfarm payrolls rose by 139,000 in May, topping economists' projections of 125,000 but coming in slightly below April's revised 147,000 gain. The jobless rate remained at 4.2%. Today's jobs report may not prompt the Fed to cut rates, said Eric Merlis, co-head of global markets at Citizens. He noted that while other indicators point to a softer labor market, demand for workers remains stable as firms adapt to policy shifts. Earlier this week, weekly unemployment claims came in above forecasts, and ADP data showed private payrolls grew by just 37,000 in May, missing estimates. For the week, the S&P 500 and Dow are up nearly 2% and 1.5%, respectively, while the Nasdaq is more than 2% higher. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
