GlobeNewswire Inc | Feb 10, 2021 04:05PM EST

February 10, 2021

EVANSTON, Ill., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ:FDUS) (Fidus or the Company) today announced that its Board of Directors on February 9, 2021 declared a base dividend of $0.31 per share and a supplemental dividend of $0.07 per share for the first quarter of 2021. The Companys dividends will be payable on March 26, 2021 to stockholders of record as of March 12, 2021.

When declaring dividends, the Companys Board of Directors reviews estimates of taxable income available for distribution, which differs from consolidated income under generally accepted accounting principles due to (i) changes in unrealized appreciation and depreciation, (ii) temporary and permanent differences in income and expense recognition, and (iii) the amount of undistributed taxable income carried over from a given year for distribution in the following year. The final determination of 2021 taxable income, as well as the tax attributes for 2021 dividends, will be made after the close of the 2021 tax year. The final tax attributes for 2021 dividends will generally include ordinary taxable income but may also include capital gains, qualified dividends and return of capital.

Fidus has adopted a dividend reinvestment plan (DRIP) that provides for reinvestment of dividends on behalf of its stockholders, unless a stockholder elects to receive cash. As a result, when the Company declares a cash dividend, stockholders who have not opted out of the DRIP at least two days prior to the dividend payment date will have their cash dividends automatically reinvested in additional shares of the Companys common stock. Those stockholders whose shares are held by a broker or other financial intermediary may receive dividends in cash by notifying their broker or other financial intermediary of their election.

ABOUT FIDUS INVESTMENT CORPORATION

Fidus Investment Corporationprovides 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 Companys 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 inFebruary 2011to continue and expand the business ofFidus Mezzanine Capital, L.P., which commenced operations inMay 2007and is licensed by theU.S. Small Business Administrationas a small business investment company.

FORWARD-LOOKING STATEMENTS

This press release may contain certain forward-looking statements which are based upon current expectations and are inherently uncertain. 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 Companys control, and that the Company may or may not have considered; 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, including those described from time to time in the Companys filings with theSecurities 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: Investor Relations Contact:Shelby E. Sherard Jody BurfeningChief Financial Officer LHA(847) 859-3938 (212) 838-3777ssherard@fidusinv.com jburfening@lhai.com