PHILADELPHIA, Jan. 11,
2024 /PRNewswire/ -- The Board of Directors of FS
Credit Opportunities Corp. (the Fund) (NYSE: FSCO) announced today
the monthly distribution for January
2024. The January distribution will be paid on January 31, 2024 at $0.057 per share. Further information on the
distribution is summarized in the charts below.
The current annualized distribution rate equates to an
annualized distribution yield1 of 9.9% and 12.1% as
of December 31, 2023 on the Fund's
net asset value (NAV) and market price, respectively. The monthly
distribution has been fully covered by the Fund's net investment
income throughout 2023, and the Fund has generated an estimated
total return on NAV of 20.0% year-to-date through December 31, 2023.
The Fund has approximately $2.1
billion in assets under management and invests in
event-driven credit, special situations, private capital solutions
and other non-traditional credit opportunities.
Month
|
Ticker
|
Fund
Name
|
|
Monthly
Dividend
|
January
|
FSCO
|
FS Credit Opportunities
Corp.
|
|
$0.057
|
|
|
|
|
|
The distribution will be made on the following schedule:
Month
|
Ex-Date
|
Record
Date
|
Payable
Date
|
January
|
January 23,
2024
|
January 24,
2024
|
January 31,
2024
|
The Fund pays regular monthly cash distributions to common
shareholders at a level rate that may be adjusted from time to
time. The amount of monthly distributions may be affected by
numerous factors, including changes in portfolio and market
conditions.
Shareholders should not use the information provided here in
preparing their tax returns. The Fund will send a Form 1099-DIV to
shareholders for the calendar year that will tell them how to
report these distributions for federal income tax purposes.
Investors should consider, among other things, the investment
objectives, risks, charges and expenses of the Fund carefully
before investing. Investors can find the Fund's most recent reports
and other filings on the Securities and Exchange Commission's EDGAR
Database or on the Fund's website
(https://fsinvestments.com/fs-credit-opportunities-corp/).
About FS Investments
FS Investments is a global
alternative asset manager dedicated to delivering superior
performance and innovative investment and capital solutions. The
firm manages over $75 billion in assets for a wide range
of clients, including institutional investors, financial
professionals and individual investors. FS Investments provides
access to a broad suite of alternative asset classes and strategies
through its best-in-class investment teams and partners. With its
diversified platform and flexible capital solutions, the firm is a
valued partner to general partners, asset owners and portfolio
companies. FS Investments is grounded in its high-performance
culture and guided by its commitment to building value for its
clients, investing in its colleagues and giving back to its
communities. The firm has more
than 500 employees across offices in the
U.S., Europe and Asia and is headquartered
in Philadelphia.
Contact Information:
Investor Relations
Robert Paun
robert.paun@fsinvestments.com
Media
Sarah McAssey
media@fsinvestments.com
Forward Looking Statements
Statements included herein may constitute "forward-looking"
statements as that term is defined in Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, including statements with regard to future
events or the future performance or operations of the Fund. Words
such as "intends," "will," "expects," and "may" or similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions. Certain
factors could cause actual results to differ materially from those
projected in these forward-looking statements. Factors that could
cause actual results to differ materially include changes in the
economy, geopolitical risks, risks associated with possible
disruption to the Fund's operations or the economy generally due to
hostilities, terrorism, natural disasters or pandemics such as
COVID-19, future changes in laws or regulations and conditions in
the Fund's operating area, unexpected costs, the price at which the
Fund's shares of common stock may trade on the New York Stock
Exchange and such other factors that are disclosed in the Fund's
filings with the Securities and Exchange Commission. The inclusion
of forward-looking statements should not be regarded as a
representation that any plans, estimates or expectations will be
achieved. Any forward-looking statements speak only as of the date
of this communication. Except as required by federal securities
laws, the Fund undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. Readers are cautioned not to place
undue reliance on any of these forward-looking statements.
1 Annualized distribution yield reflects
the current month's distribution per share annualized and divided
by the estimated current month end net asset value (NAV) per share
or market price per share; because annualized distribution yield is
based on estimated current month end NAV, it is an estimate that is
subject to change.
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SOURCE FS Investments