Reported Earlier, FSCO Declares Monthly Distribution Of $0.0645 For January 2025, Reflecting A 7.5% Increase
Benzinga Newsdesk 1 year ago
NewsDividends
"We are pleased to announce an approximately 7.5% increase to FSCO's monthly distribution," said Andrew Beckman, Head of FS Investments' Global Credit business and Portfolio Manager for FSCO. "Our new monthly
"We are pleased to announce an approximately 7.5% increase to FSCO's monthly distribution," said Andrew Beckman, Head of FS Investments' Global Credit business and Portfolio Manager for FSCO. "Our new monthly distribution rate of $0.0645 per share represents an increase of approximately 51.8% over the Fund's distribution at the time of the listing in November of 2022, and the second increase over the last twelve months. The Fund's dynamic credit strategy investing across both public and private markets, coupled with our experienced investment team and attractive portfolio, position us well to provide an attractive yield for our shareholders and deliver strong total returns."
The current annualized distribution rate equates to an annualized distribution yield1 of 10.1% and 10.6%, respectively, based on the Fund's net asset value (NAV) and market price as of December 31, 2024. The monthly distribution has been fully covered by the Fund's net investment income throughout 2024, and the Fund has generated an estimated total return on NAV of 14.24% and 34.7% on market price year-to-date through December 31, 2024.