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): August 14,
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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| o |
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
August 14, 2007, GSC Investment
Corp. (the “Company”) issued a press release announcing that its Board of
Directors has declared a dividend of $0.36 per share payable on August 31,
2007
to common stockholders of record on August 24, 2007. The dividend is for the
second quarter of the Company’s 2008 fiscal year ending August 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.
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Exhibit
No.
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Description
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99.1
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Press
Release dated August 14, 2007
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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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August
14, 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
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GSC
Investment Corp. Declares Dividend
__________________________________________
NEW
YORK,
August 14, 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 $0.36 per share payable on August 31,
2007
to common stockholders of record on August 24, 2007. The dividend is for
the
second quarter of the Company’s 2008 fiscal year ending August 31,
2007.
As
of
August 10, 2007, the Company had total investments of $201 million in aggregate
principal amount and total outstanding borrowings under the credit facilities
of
$77 million. The Company’s investment portfolio carries a weighted average
current yield of 11.3% and is comprised of approximately 15% first lien term
loans, 44% second lien term loans, 24% senior secured notes, 14% unsecured
notes
and 3% other investments, including structured finance notes.
About
GSC Investment Corp.
GSC
Investment Corp. is a specialty finance company that invests primarily in
first
and second lien term loans and mezzanine 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
may opportunistically invest 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 “Note About Forward-Looking Statements”
included in the Company’s 10-K which has been filed with the U.S. Securities and
Exchange Commission. 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.
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