FIDUS INVESTMENT Corp 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. Sales of Unregistered Securities None. Issuer Purchases of Equity Securities We have an open market stock repurchase program (the “Stock Repurchase Program”) under which we may acquire up to $5.0 million of our outstanding common stock. Under the Stock Repurchase Program, we may, but are not obligated to, repurchase outstanding common stock in the open market from time to time provided that we comply with the prohibitions under our insider trading policies and the requirements of Rule 10b-18 of the Securities Exchange Act of 1934, as amended, including certain price, market value and timing constraints. The timing, manner, price and amount of any share repurchases will be determined by our management, in its discretion, based upon the evaluation of economic and market conditions, stock price, capital availability, applicable legal and regulatory requirements and other corporate considerations. On October 29, 2019, the Board extended the Stock Repurchase Program through December 31, 2020, or until the approved dollar amount has been used to repurchase shares. The Stock Repurchase Program does not require us to repurchase any specific number of shares and we cannot assure that any shares will be repurchased under the Stock Repurchase Program. The Stock Repurchase Program may be suspended, extended, modified or discontinued at any time. During the three and six months ended June 30, 2020, we repurchased zero and 25,719 shares of common stock on the open market for zero and $0.3 million under the Stock Repurchase Program. The following table provides information regarding such repurchases of our common stock (dollars in millions, except per share data): Period Total Number of Shares Purchased (1) Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Stock Repurchase Program January 1, 2020 through January 31, 2020 — $ — — $ 4.4 February 1, 2020 through February 29, 2020 — — — 4.4 March 1, 2020 through March 31, 2020 25,719 10.37 25,719 4.1 April 1, 2020 through April 30, 2020 — — — 4.1 May 1, 2020 through May 31, 2020 — — — 4.1 June 1, 2020 through June 30, 2020 — — — 4.1 Total 25,719 $ 10.37 25,719 (1) Excludes shares purchased on the open market and reissued in order to satisfy the dividend reinvestment plan (“DRIP”) obligation to deliver shares of common stock in lieu of issuing new shares. During the six months ended June 30, 2020, we purchased and reissued shares of common stock to satisfy the DRIP obligation as follows: Period Number of Shares Purchased and Reissued Average Price Paid Per Share Total Amount Paid January 1, 2020 through March 31, 2020 31,586 $ 7.58 $ 0.2 April 1, 2020 through June 30, 2020 21,905 9.04 0.2 Total 53,491 $ 8.18 $ 0.4 Refer to Note 8 to our consolidated financial statements for additional information concerning stock repurchases under our Stock Repurchase Program. 63 Table of Contents Item 3. Defaults Upon Senior Securities. None. Item 4. Mine Safety Disclosures . None.