FS Credit Opportunities Corp. Declares November Dividend
FS Credit Opportunities Corp. (NYSE: FSCO) has officially announced its monthly distribution for November 2024. The Board of Directors has confirmed a distribution of $0.06 per share, scheduled to be distributed on November 29, 2024. This announcement reveals the company’s dedication to maintaining a consistent return for its shareholders.
Overview of Annualized Distribution Rate
The annualized distribution rate currently stands at an impressive 10.1% based on the Fund’s net asset value (NAV), and 10.8% concerning the market price as of the end of the previous month. The ongoing monthly distributions throughout the year have been completely supported by net investment income. Furthermore, FS Credit Opportunities Corp. has reported an estimated total return of 12.5% on NAV and 29.2% on market price for the year to date.
Fund's Asset Management and Investment Focus
This dynamic Fund manages approximately $2.1 billion in assets while focusing on event-driven credit opportunities, special situations, private capital solutions, and other forms of non-traditional credit investments. Such strategic investments place the Fund in a robust position to capitalize on numerous market opportunities while offering its investors superior performance.
Distribution Payment Schedule
In line with the announced monthly distribution, there are specific dates that shareholders should be aware of:
Important Dates for November Dividend
The distribution will be affected by the following dates:
Ex-Date: November 21, 2024
Record Date: November 21, 2024
Payable Date: November 29, 2024
Factors Affecting Distribution Amounts
FS Credit Opportunities Corp. has established a routine of making regular monthly cash distributions to its common shareholders at a consistent level, although adjustments can occur over time based on various factors. These factors can include shifts in market conditions or changes in the investment portfolio.
Tax Reporting and Shareholder Guidelines
It is important for shareholders to note that the information shared regarding distributions is not intended for use in their tax filings. Instead, the Fund will issue a Form 1099-DIV to all shareholders at the end of the calendar year, aiding them in their federal income tax reporting related to these distributions.
Investment Considerations
Before committing to any investment in FS Credit Opportunities Corp., prospective investors should carefully evaluate their investment objectives along with the associated risks, charges, and expenses of the Fund. Detailed reports and filings can be accessed through regulatory sources or the Fund's website.
About FS Investments
FS Investments is a leading global alternative asset manager, committed to delivering innovative investment solutions and outpacing industry standards. With a robust portfolio exceeding $82 billion in assets, FS Investments caters to a spectrum of clientele, including institutional and individual investors. Their access to a wide array of alternative asset classes through renowned investment teams enhances their position as a valuable partner in the investment space. The firm's high-performance ethos and focus on community engagement define its operational philosophy, making a positive impact across different markets.
Frequently Asked Questions
1. What is the announced dividend amount for November 2024?
The announced dividend for November 2024 is $0.06 per share.
2. When will the dividend be paid?
The dividend will be paid on November 29, 2024.
3. How is the distribution yield calculated?
The distribution yield is calculated based on the current month's dividend annualized and divided by the estimated month-end net asset value or market price per share.
4. Is the information shared here suitable for tax filing?
No, shareholders should rely on the Form 1099-DIV provided by the Fund for their tax filing purposes.
5. Where can I find more information about FS Credit Opportunities Corp.?
For more information, investors can visit the Fund's official website or access recent reports on the Securities and Exchange Commission's EDGAR Database.
