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<FILER>
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<CONFORMED-NAME>Fifth Street Finance Corp
<CIK>0001414932
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<STATE-OF-INCORPORATION>DE
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<STREET1>WHITE PLAINS PLAZA
<STREET2>445 HAMILTON AVENUE, SUITE 1206
<CITY>WHITE PLAINS
<STATE>NY
<ZIP>10601
<PHONE>(914) 286-6800
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<STREET1>WHITE PLAINS PLAZA
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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>SCHEDULE 14A<BR>
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES<BR>
EXCHANGE ACT OF 1934</B></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Filed by the Registrant <FONT face="Wingdings">&#111;</FONT><BR>
Filed by a Party other than the Registrant <FONT face="Wingdings">&#111;</FONT><BR>
Check the appropriate box:<BR>
<FONT face="Wingdings">&#111;</FONT> Preliminary Proxy Statement<BR>
<FONT face="Wingdings">&#111;</FONT> Confidential, for Use of the Commission Only (as permitted by Rule&nbsp;14a-6(e)(2))<BR>
<FONT face="Wingdings">&#111;</FONT> Definitive Proxy Statement<BR>
<B><FONT face="Wingdings">&#254;</FONT> </B>Definitive Additional Materials<BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting Material Pursuant to &#167;240.14a-12

</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 6pt"><B>Fifth Street Finance Corp.</B>
</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 100%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Name of Registrant as Specified In Its Charter)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 100%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Payment of Filing Fee (Check the appropriate box):
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B><FONT face="Wingdings">&#254;</FONT></B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No fee required.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fee computed on table below per Exchange Act Rules&nbsp;14a-6(i)(1) and 0-11.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Title of each class of securities to which transaction applies:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Aggregate number of securities to which transaction applies:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule&nbsp;0-11 (set forth the
amount on which the filing fee is calculated and state how it
was determined):</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Proposed maximum aggregate value of transaction:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(5)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Total fee paid:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fee paid previously with preliminary materials.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><br><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Check box if any part of the fee is offset as provided by
Exchange Act Rule&nbsp;0-11(a)(2) and identify the filing for
which the offsetting fee was paid previously. Identify the
previous filing by registration statement number, or the
Form or Schedule and the date of its filing.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amount Previously Paid:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Form, Schedule or Registration Statement No.:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Filing Party:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Date Filed:</TD>
</TR>

</TABLE>
</DIV>

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</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Fifth Street Finance Corp. Releases Its Monthly Newsletter, June&nbsp;2009
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">WHITE PLAINS, N.Y., June&nbsp;11, 2009 &#151; Fifth Street Finance Corp. (NYSE:FSC) released its monthly
newsletter today.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Green Shoots
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our green shoots have sprouted! After a period of stabilization in most areas of the portfolio, we
have begun to see year-over-year EBITDA improvement and indications this will continue. We
believe that one of the reasons we are experiencing improvement faster than others is that small
companies react more swiftly than large companies to changes in economic cycles. Our private
equity sponsors have generally reacted quickly by focusing on controlling costs and looking for new
revenue streams in the recession. As we start to come out of the down cycle, we see earnings
beginning to sprout.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">One of the best indicators of this trend is Premier Trailer Leasing, Inc., where we supported
Angelo Gordon Private Equity in the purchase of a 13,000 unit trailer leasing company. Premier
Trailer saw utilization rates of truck trailers bottom about seven weeks ago, with each of the last
seven weeks showing increases. This experience is shared by many of our other portfolio holdings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sectors where we see the strongest improvement include basic industry, manufacturing, health care
services, and high-end retail. The lagging industries are restaurants, consumer goods, travel and
entertainment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have no additional portfolio investments on non-accrual status and we believe there is a
reasonable chance that one of our distressed companies could improve to accrual status. We also
have accelerated origination efforts in order to invest in several securities that we hope will be
the first investments in our SBIC subsidiary, should we receive an SBIC license. We continue to
find the best risk-adjusted returns we have ever seen, and ample deal flow.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are moving forward with the SBIC licensing process. An SBA license, if granted, would provide
access to long term leverage at reasonable rates. Although there is no guarantee that we will
obtain an SBIC license, if we do our plan is to fund the SBIC with $75&nbsp;million of equity, which
would allow for up to $150&nbsp;million in SBA leverage. To raise the equity for the SBIC subsidiary as
well as for our investment activities, we have issued a proxy statement to our shareholders
requesting their consent to allow us to sell shares below net asset value.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Proxy
information is available at <u>www.proxydocs.com/fsc</U>, and proxy cards were mailed to our
shareholders. We are encouraging shareholders to vote via the internet and telephone
(<u>www.proxyvote.com</u> or 1-800-454-8683). You will need your card to cast your vote, but it is not
necessary to mail the card if you vote by the internet or telephone.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are excited to build relationships with many leading sponsors whose prior lenders do not have
the ability to support them. More importantly, the additional access to capital will allow us to
support our existing strong sponsor relationships as they continue to acquire companies at
favorable prices. We continue to work on accessing additional sources of capital and look forward
to reporting progress in the future. Thank you for your support.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please send in your proxy votes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Sincerely,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Fifth Street Team
</DIV>



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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Forward-Looking Statements
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This press release may contain certain forward-looking statements, including statements with regard
to the future performance of Fifth Street Finance Corp and Fifth Street Finance Corp.&#146;s ability to
obtain an SBIC license. Words such as &#147;believes,&#148; &#147;expects,&#148; &#147;projects,&#148; and &#147;future&#148; 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 these factors are identified from time to time in our filings with
the Securities and Exchange Commission. 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.
</DIV>


<DIV align="left" style="margin-left: 5%; text-indent: -5%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">CONTACT: Fifth Street Finance Corp.<br>
Stacey Thorne, VP, Investor Relations<br>
(914)&nbsp;286-6811<br>
Stacey@fifthstreetcap.com</DIV>



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