Fifth Street Asset Management Inc. reported earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenues of $17,890,685 compared to $22,920,106 a year ago. Loss from equity method investments was $2,625,193 compared to $254,653 a year ago. Loss before provision for income taxes was $4,619,531 compared to income before benefit for income taxes of $5,861,328 a year ago. Net loss attributable to the company was $909,034 or $0.14 per diluted share compared to $1,177,234 or $0.20 per diluted share a year ago. Adjusted net income after tax was $7,054,000 or $0.14 per share against $9,206,000 or $0.18 per share a year ago. The decrease in Revenue was primarily due to a reduction in the contractual base management fee rate charged to Fifth Street Finance Corp. from 2.00% to 1.75% effective January 1, 2016, as well as lower levels of fee-earning assets at the company's managed funds. decrease in Adjusted Net Income after tax was primarily due to the revenue and net expense variances. For the year, the company reported total revenues of $82,547,122 compared to $97,766,288 a year ago. Income from equity method investments was $929,348 compared to loss of $249,310 a year ago. Income before provision for income taxes was $7,096,418 compared to $38,602,556 a year ago. Net loss attributable to the company was $1,531,075 or $0.27 per diluted share compared to net income of $2,377,121 or $0.40 per diluted share a year ago. Adjusted net income after tax was $33,103,000 or $0.66 per share against $36,261,000 or $0.73 per share a year ago.