FS Credit Opportunities Corp. (NYSE: FSCO) Declares September Distributions
FS Credit Opportunities Corp. Announces September Distribution
The Board of Directors of FS Credit Opportunities Corp. (the Fund) (NYSE: FSCO) has proudly declared its monthly distribution for September. A payment of $0.06 per share is set to occur on the last day of the month, which showcases the Fund's commitment to delivering value to its shareholders.
Current Performance Metrics
As of the previous month's evaluations, the Fund has maintained an impressive annualized distribution rate of 10.1% based on its net asset value (NAV) and a 11.4% yield from its market price. Throughout the current year, the monthly distributions have consistently been covered by the Fund’s net investment income. Furthermore, the Fund has achieved an estimated total return of 10.0% on NAV and an exceptional return of 19.8% on market price to date.
Investment Focus
Currently managing approximately $2.2 billion in assets, the Fund primarily invests in event-driven credit, special situations, and other alternative credit opportunities. This diverse strategy not only seeks to maximize returns but also to mitigate risks associated with credit investments.
Distribution Schedule Details
The distribution schedule is designed to provide transparency and keep shareholders informed. The Ex-Date is set for September 23, with both the Record Date and Payable Date aligned on the same day, ensuring smooth processing of payments.
Impact of Market Conditions
The level of monthly distributions can fluctuate influenced by various factors such as market trends and portfolio performance. It's essential for investors to stay well-informed about these developments, as they play a crucial role in understanding the potential impact on future distributions.
Tax Reporting for Shareholders
As shareholders prepare for their tax returns, it's important to note that the Fund will issue a Form 1099-DIV following the calendar year. This form provides essential information necessary to report distributions accurately for federal income tax purposes.
Investment Considerations
Potential investors should thoroughly consider their investment objectives, risks, and the associated costs before engaging with the Fund. Doing so will arm them with the insights required to make informed decisions regarding their investments.
About FS Investments
FS Investments stands out as a global alternative asset manager, dedicated to providing innovative investment solutions and superior performance. With over $75 billion in assets under management, it serves a wide spectrum of clients, including institutional and individual investors. The firm is unwavering in its commitment to build value for its clients while fostering a robust culture aimed at investing in their employees and contributing to the community.
Contact Information
Investor Relations
Joe Montelione
Email: [email protected]
Media Contact
Sarah Hilferty
Email: [email protected]
Frequently Asked Questions
What is the announced distribution amount per share for September?
The distribution amount announced for September is $0.06 per share.
What are the key dates for the distribution?
The Ex-Date and Record Date are both on September 23, while payments will be made on September 30.
How is the distribution yield calculated?
The distribution yield is calculated by annualizing the current month's distribution and dividing by the estimated current month-end NAV or market price per share.
What is the investment focus of FS Credit Opportunities Corp.?
The Fund focuses on event-driven credit and special situations, along with private capital solutions and other non-traditional credit opportunities.
How does FS Investments support its clients?
FS Investments is dedicated to delivering innovative strategies, and a breadth of alternative asset classes through a diversified platform, tailored to meet the needs of their clients.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
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