UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Full Circle Capital Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
359671104
(CUSIP Number)
December 31, 2010
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which the Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
1.
NAMES OF REPORTING PERSONS
|
Solid Rock Management Limited
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3.
SEC USE ONLY
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.
SOLE VOTING POWER
526,586
6.
SHARED VOTING POWER
0
7.
SOLE DISPOSITIVE POWER
526,586
8.
SHARED DISPOSITIVE POWER
0
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
526,586
10.
CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.47%
12.
TYPE OF REPORTING PERSON*
OO
Item 1(a). Name of Issuer:
Full Circle Capital Corporation
Item 1(b). Address of Issuer?s Principal Executive Offices:
800 Westchester Avenue, Suite S-620
Rye Brook, NY 10573
Item 2(b). Name of Person Filing:
(a) Solid Rock Management Limited
Item 2(b). Address of Principal Business Office:
(a) Nerine Chambers, Road Town, Tortola, British Virgin Islands
Item 2(c). Citizenship:
(a) British Virgin Islands
Item 2(d). Title of Class of Securities
Common Stock, par value $0.01 per share
Item 2(e). CUSIP Number:
359671104
Item 3. If this statement is filed pursuant to rule 240.13d-1(b)
or 240.13d-2(b) or (c), check whether
the person filing is a:
(a) ___ Broker or dealer registered under Section 15 of the Act.
(b) ___ Bank as defined in Section 3(a)(6) of the Act.
(c) ___ Insurance company as defined in Section 3(a)(19) of the Act.
(d) ___ Investment company registered under Section 8
of the Investment Company Act of 1940.
(e) ___ An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).
(f) ___ An employee benefit plan or endowment fund in accordance with 240.13d-
1(b)(1)(ii)(F).
(g) ___ A parent holding company or control person in accordance with 240.13d-
1(b)(1)(ii)(G).
(h) ___ A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) ___ A church plan that is excluded from the definition
of an investment company under
Section 3(c)(14) of the Investment Company Act of 1940.
(j) ___ Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
As of the date of this filing, Solid Rock Management Limited (?Solid Rock?)
may be deemed to be the beneficial owner of 526,586 shares of the common
stock, par value $0.01 per share (the ?Common Stock?), of Full Circle Capital
Corporation (?Full Circle?), which constitutes approximately 8.47% of Full
Circle?s outstanding shares of Common Stock, based upon 6,219,382 shares
of Common Stock outstanding as of February 9, 2011, as reported in Full
Circle?s quarterly report on Form 10-Q for the period ended December 31, 2010.
Solid Rock has sole power to vote and dispose of approximately 526,586 shares
of Common Stock, and shared power to vote and dispose of approximately 0 shares
of Common Stock.
Item 5. Ownership of Five Percent or Less of Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than 5
percent of the class of securities, check the following [ ].
Item 6. Ownership of More Than 5 Percent on Behalf of Another Person
Solid Rock serves as investment advisor to Eden Rock Unleveraged Finance
Master Limited (ERUFML) and Eden Rock Asset Based Lending Master
Limited (ERABLM). As of the date of this filing, ERUFML holds 330,939 shares
of common stock, representing 5.32% of Full Circle?s outstanding shares of
Common Stock, based upon 6,219,382 shares of Common Stock outstanding
as of February 9, 2011, and ERABLM holds less than 5% of Full Circle?s
outstanding common stock.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company or Control Person
Not Applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
Not Applicable.
[Remainder of Page Intentionally Left Blank]
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
DATED: February __, 2011
Solid Rock Management Limited
By:
Name:
Title:
11233029.1
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