Ironsides Announces FSFR Stockholders Voted for the Election of Richard W. Cohen

Victory For Stockholders Amidst Disturbing Actions By Controllers of FSFR’s External Manager

Ironsides Partners LLC and its affiliates, one of the largest stockholders of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) with a combined ownership interest of approximately 6.4% of FSFR’s outstanding shares, today announced that, according to preliminary vote tabulations, a majority of FSFR stockholders voted for the election of Ironsides nominee, Richard W. Cohen along with one of FSFR’s director nominees.

Robert C. Knapp, Chief Investment Officer of Ironsides, said, “We thank FSFR stockholders for supporting our efforts to effect meaningful change, including a sale of the Company. While the election of Richard is a clear victory for all FSFR stockholders, it comes amidst disturbing conduct by the controllers of FSFR’s external manager to override public stockholders. We encourage stockholders who share our concerns to join Ironsides in voicing their frustrations to the Board. We look forward to continuing our efforts to promote improved performance and governance at FSFR for the benefit of all stockholders.”

About Ironsides

Ironsides Partners LLC is an investment management firm and SEC-registered investment adviser based in Boston, Massachusetts. The firm was founded in 2007 by Robert C. Knapp, who serves as Managing Director.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160408005962/en/

Media:Sard Verbinnen & Co.Paul Caminiti/Meghan Gavigan/Amanda Klein212-687-8080orInvestors:Okapi Partners LLCBruce Goldfarb/Charles Garske212-297-0720fixFSFR@okapipartners.com

Fifth Str SR Floating Rate Corp (NASDAQ:FSFR)
Historical Stock Chart
From Oct 2024 to Nov 2024