WHITE PLAINS, N.Y., July 28, 2008 (PRIME NEWSWIRE) -- Fifth Street Finance Corp. (NYSE:FSC - News) (the ``Company'') announced today that the Company plans to report earnings before the financial markets open on Thursday, August 7th 2008.

The Company will also hold a conference call at 1:00 pm (Eastern Time) on Thursday, August 7th, 2008 to discuss the quarterly results. All interested parties are welcome to participate. You can access the conference call by dialing (877) 440-5791 approximately 5-10 minutes prior to the call. All callers should reference Fifth Street Finance Corp.

An archived replay of the call will be available two hours after the call and will be available through Thursday, August 21st 2008. To hear the replay, please dial (888) 203-1112 and reference passcode # 1954874.

About Fifth Street Finance Corp.

Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance Corp's investment objective is to maximize its portfolio's total return by generating current income from its debt investments and capital appreciation from its equity investments.

Forward-Looking Statements

This press release may contain certain forward-looking statements, including statements with regard to the future performance of Fifth Street Finance Corp. Words such as ``believes,'' ``expects,'' ``projects,'' and ``future'' or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in Fifth Street Finance Corp.'s prospectus, dated June 11, 2008. Fifth Street Finance Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

          Fifth Street Finance Corp.
          Stacey Thorne
          (914) 286-6811