FS Credit Opportunities Corp. Announces September Distribution
FS Credit Opportunities Corp. (the Fund) (NYSE: FSCO) is pleased to announce its monthly distribution for September. Shareholders can expect a payment of $0.06 per share on the last day of the month, reflecting the Fund's dedication to providing value to its investors.
Current Performance Metrics
According to evaluations from last month, the Fund has achieved an impressive annualized distribution rate of 10.1% based on its net asset value (NAV), along with a yield of 11.4% from its market price. Throughout this year, the Fund's monthly distributions have been consistently supported by its net investment income. Additionally, the Fund has realized an estimated total return of 10.0% on NAV and a remarkable 19.8% return on market price so far.
Investment Focus
The Fund currently manages around $2.2 billion in assets, primarily focusing on event-driven credit, special situations, and various alternative credit opportunities. This diversified approach aims to maximize returns while also minimizing risks associated with credit investments.
Distribution Schedule Details
To ensure transparency and keep shareholders informed, the distribution schedule has been clearly outlined. The Ex-Date is set for September 23, with both the Record Date and Payable Date occurring on the same day, facilitating smooth payment processing.
Impact of Market Conditions
Monthly distributions may vary due to a range of factors, including market trends and portfolio performance. It is crucial for investors to stay updated on these changes, as they significantly affect future distribution potential.
Tax Reporting for Shareholders
As tax season approaches, shareholders should be aware that the Fund will provide a Form 1099-DIV after the end of the calendar year. This form contains vital information needed for accurately reporting distributions for federal income tax purposes.
Investment Considerations
Potential investors are encouraged to carefully evaluate their investment goals, risks, and associated costs before engaging with the Fund. This thorough consideration will equip them with the necessary insights to make informed investment decisions.
About FS Investments
FS Investments is recognized as a global alternative asset manager committed to delivering innovative investment solutions and exceptional performance. With over $75 billion in assets under management, the firm serves a diverse range of clients, including both institutional and individual investors. FS Investments remains dedicated to creating value for its clients while fostering a strong culture of investment in its 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 announced distribution amount for September is $0.06 per share.
What are the key dates for the distribution?
The Ex-Date and Record Date are both set for September 23, with payments scheduled for September 30.
How is the distribution yield calculated?
The distribution yield is calculated by annualizing the current month's distribution and dividing it by the estimated NAV or market price per share at the end of the month.
What is the investment focus of FS Credit Opportunities Corp.?
The Fund primarily focuses on event-driven credit, special situations, private capital solutions, and other non-traditional credit opportunities.
How does FS Investments support its clients?
FS Investments is committed to providing innovative strategies and a wide range of alternative asset classes through a diversified platform that caters to the unique needs of its clients.
