FIDUS INVESTMENT Corp FDUS

Fidus Investment Corporation, a Maryland Corporation, operates as an externally managed business development company ("BDC") under the Investment Company Act of 1940, as amended ("1940 Act"). FIC completed its initial public offering, or IPO, in June 2011. In addition, FIC has elected, and intends to qualify annually, to be treated as a regulated investment company ("RIC") for U.S. federal income tax purposes under subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). As of December 31, 2025, our shares were listed on the NASDAQ Global Select Market under the symbol "FDUS."

FIC may make investments directly or through its two wholly-owned investment company subsidiaries, Fidus Mezzanine Capital III, L.P. ("Fund III") and Fidus Mezzanine Capital IV, L.P. ("Fund IV" and together with Fund III, the "SBIC Funds"). Fidus Investment GP, LLC, the general partner of the SBIC Funds, is also a wholly owned subsidiary of FIC. The SBIC Funds are licensed by the U.S. Small Business Administration (the "SBA") to operate as small business investment companies ("SBICs"). The SBIC Funds utilize the proceeds of the issuance of SBA-guaranteed debentures to enhance returns to our stockholders. Fidus Mezzanine Capital, L.P. ("Fund I") and Fidus Mezzanine Capital II, L.P. ("Fund II") have both completed their wind-down plans, can no longer issue additional SBA-guaranteed debentures, and relinquished their SBIC licenses on March 20, 2020 and March 7, 2024, respectively. We believe that utilizing both FIC and the SBIC Funds as investment vehicles provides us with access to a broader array of investment opportunities. Given our access to lower cost capital through the SBA's SBIC debenture program, we expect that we will continue to make investments through the SBIC Funds during the investment period until the SBIC Funds reach their borrowing limit under the program. For two or more SBICs under common control, the maximum amount of outstanding SBA debentures cannot exceed $350.0 million.