Release Details

EVANSTON, Ill., Aug. 31, 2012 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (Nasdaq:FDUS) ("Fidus" or the "Company") today announced it has exited its portfolio investment in Restoration Holdco, LLC in connection with a recapitalization transaction.

Fidus closed its initial investment in Restoration in August 2011, with a follow-on investment in March 2012, through a $4.8 million senior secured loan with warrants. In connection with Restoration's recapitalization, Fidus received total proceeds of approximately $7.0 million. This included repayment of its senior secured loan, a prepayment premium and a realized gain of approximately $1.9 million on the sale of its warrants.

Restoration Holdco, LLC is a provider of restoration and mitigation services to single and multi-family residential, commercial and institutional customers.

ABOUT FIDUS INVESTMENT CORPORATION

Fidus Investment Corporation provides customized debt and equity financing solutions to lower middle market companies, which management generally defines as U.S. based companies with revenues between $10.0 million and $150.0 million. Fidus's investment objective is to provide attractive risk-adjusted returns by generating both current income from debt investments and capital appreciation from equity related investments. Fidus seeks to partner with business owners, management teams and financial sponsors by providing customized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.

Fidus is an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. In addition, for tax purposes, Fidus intends to elect to be treated as a regulated investment company, or RIC, under Subchapter M of the Internal Revenue Code of 1986, as amended, or the Code. Fidus was formed in February 2011 to continue and expand the business of Fidus Mezzanine Capital, L.P., which commenced operations in May 2007 and is licensed by the US Small Business Administration as a small business investment company (SBIC).

The Fidus Investment Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13927

FORWARD-LOOKING STATEMENTS

This press release may contain certain forward-looking statements. Any such statements, other than statements of historical fact, are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under Fidus's control, and that Fidus may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future as a result of a number of factors, including those described from time to time in Fidus's filings with the Securities and Exchange Commission. Such statements speak only as of the time when made, and Fidus undertakes no obligation to update any such statement now or in the future.

CONTACT: Edward H. Ross

         Chief Executive Officer

         Fidus Investment Corporation

         (847) 859-3940

         

         Investor Relations Contact:

         Stephanie Prince/Jody Burfening

         LHA

         (212) 838-3777

         sprince@lhai.com