Company Overview - Fidus Investment Corporation provides customized debt and equity financing solutions to lower middle-market companies, defined as U.S. based companies with revenues between $10 million and $150 million [4] - The company's investment objective is to generate attractive risk-adjusted returns through current income from debt investments and capital appreciation from equity-related investments [4] - Fidus seeks to partner with business owners, management teams, and financial sponsors for financing related to ownership changes, recapitalizations, strategic acquisitions, and business expansions [4] Financial Reporting - Fidus Investment Corporation will report its fourth quarter 2024 financial results on February 26, 2026, after the close of financial markets [1] - A conference call to discuss the operating and financial results will be held on February 27, 2026, at 9:00 AM ET [2] - A live webcast of the conference call will be available, and a replay will be accessible two hours after the call [3] Company Structure - 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 [5] - For tax purposes, Fidus has also elected to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986 [5] - The company was formed in February 2011 to expand the business of Fidus Mezzanine Capital, L.P., which began operations in May 2007 [5]

Core Viewpoint - Fidus Investment Corporation has declared a base dividend of $0.43 per share and a supplemental dividend of $0.09 per share for Q1 2026, payable on March 30, 2026, to stockholders of record as of March 20, 2026 [1] Group 1: Dividend Declaration - The Board of Directors reviews estimates of taxable income available for distribution, which differs from consolidated income under U.S. GAAP due to various factors including unrealized appreciation and depreciation [2] - The final determination of 2026 taxable income and tax attributes for dividends will be made after the close of the 2026 tax year, generally including ordinary taxable income, capital gains, qualified dividends, and return of capital [2] Group 2: Dividend Reinvestment Plan - Fidus has a dividend reinvestment plan (DRIP) allowing stockholders to reinvest dividends unless they opt to receive cash [3] - Stockholders who do not opt out of the DRIP at least two days prior to the dividend payment date will have their cash dividends automatically reinvested in additional shares [3] Group 3: Company Overview - Fidus Investment Corporation provides customized debt and equity financing solutions to lower middle-market companies, defined as U.S. companies with revenues between $10 million and $150 million [4] - The company's investment objective is to provide attractive risk-adjusted returns through current income from debt investments and capital appreciation from equity-related investments [4] - Fidus is an externally managed, closed-end, non-diversified management investment company treated as a business development company under the Investment Company Act of 1940 [5]

Core Viewpoint - Fidus Investment (FDUS) is offering a nearly double-digit dividend yield while trading at a slight premium to its net asset value (NAV) after experiencing an 8% decline in its stock price over the past year [1] Group 1: Company Performance - Fidus Investment is currently providing a covered near double-digit dividend yield [1] - The stock has seen an 8% dip in value over the last year [1] Group 2: Market Context - The equity market is characterized by daily price fluctuations that can lead to significant wealth creation or destruction over the long term [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Core Viewpoint - Fidus Investment (FDUS) is offering a nearly double-digit dividend yield while trading at a slight premium to its net asset value (NAV) after experiencing an 8% decline in its stock price over the past year [1] Group 1: Company Performance - Fidus Investment is currently providing a covered near double-digit dividend yield [1] - The stock has seen an 8% dip in value over the last year [1] Group 2: Market Context - The equity market is characterized by daily price fluctuations that can lead to significant wealth creation or destruction over the long term [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Core Viewpoint - Business Development Companies (BDCs) have lost their attractiveness as interest rates have risen, indicating a shift in market sentiment towards these financial entities [1]. Group 1: Industry Overview - The appeal of BDCs is significantly lower compared to the period when interest rates began to increase, suggesting a challenging environment for these companies [1]. Group 2: Key Individuals - Roberts Berzins has over a decade of experience in financial management, focusing on helping top-tier corporates with financial strategies and large-scale financings [1]. - Berzins has contributed to institutionalizing the REIT framework in Latvia to enhance the liquidity of pan-Baltic capital markets [1].

Core Insights - The article highlights the extensive experience of Roberts Berzins in financial management, particularly in shaping financial strategies for top-tier corporates and executing large-scale financings [1] - It emphasizes Berzins' contributions to institutionalizing the REIT framework in Latvia, aimed at enhancing the liquidity of pan-Baltic capital markets [1] - The article also notes Berzins' involvement in developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1] Group 1 - Roberts Berzins has over a decade of experience in financial management [1] - He has made significant efforts to institutionalize the REIT framework in Latvia [1] - Berzins is a CFA Charterholder and holds an ESG investing certificate [1] Group 2 - He has contributed to the development of national SOE financing guidelines [1] - Berzins is actively involved in thought-leadership activities to support pan-Baltic capital markets [1] - His background includes an internship at the Chicago Board of Trade [1]

Core Viewpoint - Since mid-2024, investor sentiment towards Business Development Companies (BDCs) has shifted due to the Federal Reserve's decision to reduce monetary tightening, leading to concerns about the impact of lower base rates on BDC net investment income [1] Group 1: Investor Sentiment - The change in investor sentiment towards BDCs is attributed to the Federal Reserve's monetary policy adjustments [1] - Investors are increasingly aware that lower base rates will negatively affect the net investment income of BDCs [1] Group 2: Industry Context - The article highlights the experience of Roberts Berzins in financial management and his contributions to enhancing the liquidity of capital markets in Latvia [1] - Berzins has been involved in developing financing guidelines for state-owned enterprises and frameworks for private capital investment in affordable housing [1]

Group 1 - Roberts Berzins has over a decade of experience in financial management, focusing on helping top-tier corporates shape financial strategies and execute large-scale financings [1] - Significant efforts have been made to institutionalize the REIT framework in Latvia to enhance the liquidity of pan-Baltic capital markets [1] - Development of national SOE financing guidelines and frameworks for channeling private capital into affordable housing stock has been a key policy-level initiative [1] - Roberts is a CFA Charterholder and holds an ESG investing certificate, indicating a strong background in investment analysis and sustainable finance [1] - Active involvement in "thought-leadership" activities supports the development of pan-Baltic capital markets [1]

Core Insights - The article emphasizes the transformative impact of artificial intelligence (AI) on the global economy and highlights the potential investment opportunities in AI-driven companies [1]. Group 1: Investment Focus - The retail investor's portfolio is primarily centered around leading AI-related companies, particularly NVIDIA, which are at the forefront of the technological revolution [1]. - The investor believes that the current phase represents only the early stages of AI's impact, suggesting that the next decade will offer remarkable opportunities for both retail and institutional investors [1]. Group 2: Learning and Sharing - The investor expresses a commitment to continue learning about AI technologies and sharing insights, aiming to build long-term wealth through strategic investments [1].

Group 1 - The article highlights the growing interest in AI-driven companies and their potential to reshape industries and drive innovation, presenting new investment opportunities for both retail and institutional investors [1] - The focus is on leading AI-related companies, particularly NVIDIA, which are at the forefront of the technological revolution [1] - The author believes that the impact of AI is still in its early stages, with the next decade expected to offer remarkable opportunities for wealth building through strategic investments in these technologies [1]