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): December 28,
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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888
Seventh Ave, New York, NY 10019
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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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12
East 49th Street, New York, NY 10017
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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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o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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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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o
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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
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Other
Events.
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On
December 28, 2007, GSC Investment
Corp. issued a press release announcing that its Board of Directors has declared
a special dividend of $0.18 per share payable on January 28, 2008 to common
stockholders of record on January 18, 2008. A copy of the press
release is attached hereto as Exhibit 99.1, the text of which is incorporated
by
reference herein.
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Item
9.01
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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 December 28, 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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December
28, 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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Investor
Contacts: Carl J. Crosetto
GSC
Group
973-437-1007
Michael
H. Yip
GSC
Group
973-593-5424
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GSC
Investment Corp. Declares Special Dividend
__________________________________________
NEW
YORK,
December 28, 2007 – GSC Investment Corp. (NYSE:GNV), a business development
company, today announced that its Board of Directors has declared a special
dividend of $0.18 per share payable on January 28, 2008 to common shareholders
of record on January 18, 2008. This special dividend is a partial
distribution of realized capital gains and is being declared as GSC Investment
Corp. must make certain distributions of its taxable income each calendar year
in order to minimize any potential tax liability to the
Company. Investors can refer to the Company’s most recent report on
Form 10-K for more information about its tax status. GSC Investment
Corp. reports the actual tax characteristics of dividends paid during the
calendar year to each stockholder on Form 1099-DIV.
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 Group's corporate
credit
group manages approximately $8.1 billion of assets1
in leveraged loans, high
yield bonds and mezzanine debt. 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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1 As
of September 30,
2007. Includes leverage and warehoused assets.