Fifth Street Senior Floating Rate Corp. Announces Preliminary Results Of Annual Meeting Of Stockholders

GREENWICH, CT, April 08, 2016 (GLOBE NEWSWIRE) — Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) (“FSFR” or the “Company”) announced today that, based on the preliminary report of the independent inspector of elections, IVS Associates, Inc. (“IVS”) regarding the Company’s 2016 Annual Meeting of Stockholders held on April 7, stockholders have elected FSFR nominee and CEO Ivelin Dimitrov and Ironsides Partners Special Situations Master Fund II L.P (“Ironsides”) nominee Richard Cohen to the FSFR Board of Directors.

Commenting on the preliminary results, FSFR issued the following statement:

The FSFR Board and management team would like to reiterate our gratitude for our stockholders’ support over the past several months. We would also like to take this opportunity to thank Brian Dunn for his service on FSFR’s Board.

The outcome of our 2016 Annual Meeting provides stockholders with both continuity and a new perspective as we welcome Richard Cohen to our Board. While a number of different views were expressed throughout this process, all directors, nominated by either FSFR or Ironsides, share a common goal of enhancing value for all FSFR stockholders. The FSFR Board and management team plan to work constructively with our newest director and continue engaging with our stockholders as we successfully execute on the Company’s strategy.

With the Annual Meeting now behind us, our management team continues to focus on generating consistent results and driving strong credit performance across our portfolio. We look forward to continuing our efforts to enhance value for all FSFR stockholders.

As previously announced on April 7, 2016, preliminary voting results indicated that the proposal to terminate the Company’s investment advisory agreement with Fifth Street Management LLC (“FSM”) was not approved.

The Company will file a Current Report on Form 8-K with the Securities and Exchange Commission with the full preliminary results of the Annual Meeting shortly.