Fifth Street Finance Corp. Schedules Quarterly Earnings Release for the Period Ended September 30, 2008

WHITE PLAINS, N.Y., Dec. 3, 2008 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (the "Company") announced today that the Company plans to report earnings after the financial markets close on Wednesday, December 10, 2008.

The Company will also hold a conference call at 5:00 pm (Eastern Time) on Wednesday, December 10, 2008 to discuss the quarterly results. All interested parties are welcome to participate. You can access the conference call by dialing (877) 419-6592 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 December 12, 2008. To hear the replay, please dial (888) 203-1112 and reference passcode # 3562334.

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.

The Fifth Street Finance Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5525

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.

CONTACT: Fifth Street Finance Corp.
         Stacey Thorne, VP, Investor Relations
         (914) 286-6811
         stacey@fifthstreetcap.com