FS Credit Opportunities Corp. Announces New Cash Distribution
FS Credit Opportunities Corp. Declares Monthly Distribution
The Board of Directors of FS Credit Opportunities Corp. (FSCO) has officially announced the monthly cash distribution for the upcoming month. Shareholders can anticipate a distribution of $0.0678 per share, which will be paid out on the designated date of July 31. Aside from providing expected returns, this distribution serves as a testament to the Fund's financial health and commitment to its investors.
Understanding the Distribution Yield
The annualized distribution rate currently stands at an impressive 11.1% based on the Fund's net asset value (NAV). This figure reflects the dedication of FS Credit Opportunities Corp. to maintain stable and attractive income levels for its shareholders. In addition, both the NAV and market price as of the end of June have showcased strong performance, estimated total returns of 7.6% and 12.5% respectively. The stability of these returns highlights the Fund's ability to generate consistent cash flows.
Investment Strategies and Portfolio Management
FS Credit Opportunities Corp. actively manages approximately $2.2 billion in assets. Its investment focus includes event-driven credit opportunities, special situations, and private capital solutions, which distinguish the Fund's approach in the competitive financial landscape. By strategically navigating these complex investment opportunities, the Fund is positioned to maximize returns while managing risks for its investors.
Distribution Schedule Information
The anticipated distribution will follow a structured schedule to enhance transparency and reliability for shareholders. The ex-date and record date for the upcoming distribution will be July 24, providing ample time for investors to engage with the Fund's offerings. These dates are crucial for investors to comprehend as they decide on their investment strategies and cash flow needs.
It's essential for shareholders to note that the consistency of monthly cash distributions may be influenced by several factors, including market conditions and adjustments in the Fund's portfolio. Therefore, ongoing communication and updates are vital for investors to monitor.
Tax Considerations for Shareholders
When it comes to taxation and reporting, shareholders should rely on the documentation provided by FS Credit Opportunities Corp. The Fund will issue a Form 1099-DIV to assist shareholders in accurately reporting these distributions for tax purposes. It’s crucial for investors to engage with their financial advisors regarding how these distributions will affect their individual tax situations.
Company Overview
FS Investments is globally recognized as an alternative asset manager. With a comprehensive approach toward investment and capital solutions, FS Investments manages over $82 billion in assets across a diverse clientele comprising institutional investors and individuals. Their commitment to innovative investment strategies is evident, making them a preferred partner in the finance sector. With a strong workforce of over 500 employees, the firm operates from multiple offices, solidifying its presence in various financial markets.
Contact Information
For more inquiries, investors can reach out to the Investor Relations department. Josh Blum is available for any specific questions related to investments and shareholder queries, ensuring that effective communication remains a core principle for FS Credit Opportunities Corp.
Frequently Asked Questions
What is the upcoming distribution amount for FSCO?
The upcoming distribution amount is set at $0.0678 per share, scheduled for payment on July 31.
How often does FS Credit Opportunities Corp. pay distributions?
The Fund pays distributions on a monthly basis, allowing for consistent income for its investors.
What should shareholders consider regarding tax implications?
Shareholders will receive a Form 1099-DIV, which is essential for accurate tax reporting related to their distributions.
What types of investments does FS Credit Opportunities focus on?
FS Credit Opportunities Corp. invests in event-driven credit and special situations, as well as other non-traditional credit opportunities.
How can investors get in touch for more information?
Investors can contact Investor Relations, specifically reaching out to Josh Blum for queries or additional details.
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