Fidus Investment Corp: Plunges to record low on flagging COVID-19 hit

Fidus Investment

23/03/2020 16:51

** Shares of business development company  FDUS.O  slide as
much as 32.7% to a record low of $4.45 after company announces
likely hit from COVID-19 pandemic 
    ** Says measures taken to protect employee health and safety
and anticipated slowdown in economic activity is likely to
impact some of its portfolio companies  urn:newsml:reuters.com:*:nGNX1hgs9h
    ** Among top pct. losers across U.S. exchanges in early
afternoon trading 
    ** FDUS shares have lost 65% so far this year 

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((Shreyashi.Sanyal@thomsonreuters.com))