UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
_____________________
_____________________
FORM
8-K
CURRENT
REPORT
Pursuant
To Section 13 Or 15(d) of The Securities Exchange Act of
1934
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Date
of report (Date of earliest event reported): May 21,
2007
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GSC
Investment Corp.
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(Exact
name of registrant
as
specified in charter)
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Maryland
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001-33376
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20-8700615
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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12
East 49th Street, New York, NY 10017
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(Address
of principal executive offices)
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Registrant’s
telephone number, including area code: (212) 884-6200
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N/A
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(Former
name or former address, if changed since last report)
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Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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| o |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
8.01 Other
Events.
On
May 21,
2007, GSC Investment Corp. issued a press release announcing that its Board
of
Directors has declared a dividend of $0.24 per share payable on June 6, 2007
to
common stockholders of record on May 29, 2007. The dividend is for the “stub”
fiscal quarter beginning March 28, 2007 and ending May 31, 2007. A copy of
the
press release is attached hereto as Exhibit 99.1, the text of which is
incorporated by reference herein.
Item
9.01 Financial Statements and Exhibits.
Exhibit
No. Description
99.1 Press
Release dated May 21, 2007
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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GSC
Investment Corp.
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Date:
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May
21, 2007
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By:
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/s/
David L. Goret
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Name:
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David
L. Goret
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Title:
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Vice
President and Secretary
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| EXHIBIT 99.1 | |
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Contact:
Carl J. Crosetto
GSC Group 973-437-1007 Roland
Tomforde
Broadgate Consultants, LLC 212-232-2222 |
FOR
IMMEDIATE
RELEASE
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GSC
Investment Corp. Declares
Dividend
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NEW
YORK,
May 21, 2007 – GSC Investment Corp. (NYSE:GNV), a business development company
externally managed by GSC Group, announced today that its Board of Directors
has
declared a dividend of $0.24 per share payable on June 6, 2007 to common
stockholders of record on May 29, 2007. The dividend is for the “stub” fiscal
quarter beginning March 28, 2007 and ending May 31, 2007.
GSC
Investment Corp. has now fully invested the proceeds of its initial public
offering completed on March 28, 2007, as well as the borrowings under the credit
facilities established on April 11, 2007 and May 1, 2007. As of May
18, 2007, the Company had total assets of $215 million and total outstanding
borrowings under the credit facilities of $98 million. The Company’s investment
portfolio carries a weighted average yield of 11.5% and is comprised of
approximately 14% first lien loans, 32% second lien loans, 19% senior secured
high-yield bonds and 35% unsecured high yield bonds.
About
GSC Investment Corp.
GSC
Investment Corp. is a specialty finance company that invests primarily in first
and second lien loans and mezzanine and high yield debt of private, U.S.
middle-market companies and high yield bonds. It has elected to be treated
as a
business development company under the Investment Company Act of 1940. The
Company also opportunistically invests in distressed debt; debt and equity
securities of public companies; credit default swaps; emerging market debt;
and
collateralized debt obligation vehicles holding debt, equity or synthetic
securities. The Company draws upon the support and investment advice of its
external manager, GSC Group, an alternative asset
investment
manager that focuses on complex, credit-driven strategies. GSC Investment Corp.
is traded on the New York Stock Exchange under the symbol “GNV.”
Forward-Looking
Statements
Information
provided in this press release may contain statements relating to current
expectations, estimates, forecasts and projections about future events that
are
forward-looking statements. These forward-looking statements generally relate
to
GSC Investment Corp.’s plans, objectives and expectations for future operations
and are based upon management’s current estimates and projections of future
results or trends. Actual future results may differ materially from those
projected as a result of certain risks and uncertainties. For a discussion
of
such risks and uncertainties, see “Forward-Looking Statements” included in the
Company’s final prospectus dated March 23, 2007, a copy of which has been filed
with the U.S. Securities and Exchange Commission in connection with the
Company’s initial public offering. These forward-looking statements are made
only as of the date hereof, and GSC Investment Corp. undertakes no obligation
to
update or revise the forward-looking statements, whether as a result of the
new
information, future events or otherwise. Any forward-looking
statements do not have the benefit of the safe harbor for forward-looking
statements pursuant to Section 27A of the Securities Act of 1933.
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