FS Credit Opportunities Corp designates 50,000 shares of Term Preferred Shares, Series 2028.
ByAinvest
Tuesday, Oct 21, 2025 4:33 pm ET1min read
FSCO--
The new shares are part of FSCO's ongoing efforts to enhance its capital structure and provide additional financing options. The issuance of Term Preferred Shares, Series 2028, aligns with the Fund's strategy to deliver consistent income to shareholders and maintain its commitment to transparency.
The Fund's current annualized distribution rate is 11.3% based on its net asset value (NAV) and 11.8% based on the market price as of September 30, 2025 [1]. The monthly distributions have been fully covered by the Fund's net investment income throughout 2025 on a tax basis, and the Fund has generated an estimated total return on NAV of 9.5% and 10.1% on market price year-to-date through September 30, 2025 [1].
The issuance of the new preferred shares does not appear to have an immediate impact on the Fund's distribution schedule or its financial performance. However, it does provide additional flexibility for future financing needs and could potentially influence the Fund's capital return strategy moving forward.
Investors should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The Fund's most recent reports and other filings are available on the Securities and Exchange Commission's EDGAR Database or on the Fund's website (https://www.futurestandard.com/investments/fs-credit-opportunities-corp).
FS Credit Opportunities Corp. has designated 50,000 previously unclassified preferred shares into 50,000 shares of "Term Preferred Shares, Series 2028" with a par value of $0.001 per share. The Board of Directors has provided for the issuance of this series under Article IV Section 4.3 of the Corporation's Charter.
FS Credit Opportunities Corp. (FSCO), a global alternative asset manager, has announced the issuance of a new series of preferred shares. The Board of Directors has designated 50,000 previously unclassified preferred shares into 50,000 shares of "Term Preferred Shares, Series 2028" with a par value of $0.001 per share. This issuance is made under Article IV Section 4.3 of the Corporation's Charter [1].The new shares are part of FSCO's ongoing efforts to enhance its capital structure and provide additional financing options. The issuance of Term Preferred Shares, Series 2028, aligns with the Fund's strategy to deliver consistent income to shareholders and maintain its commitment to transparency.
The Fund's current annualized distribution rate is 11.3% based on its net asset value (NAV) and 11.8% based on the market price as of September 30, 2025 [1]. The monthly distributions have been fully covered by the Fund's net investment income throughout 2025 on a tax basis, and the Fund has generated an estimated total return on NAV of 9.5% and 10.1% on market price year-to-date through September 30, 2025 [1].
The issuance of the new preferred shares does not appear to have an immediate impact on the Fund's distribution schedule or its financial performance. However, it does provide additional flexibility for future financing needs and could potentially influence the Fund's capital return strategy moving forward.
Investors should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The Fund's most recent reports and other filings are available on the Securities and Exchange Commission's EDGAR Database or on the Fund's website (https://www.futurestandard.com/investments/fs-credit-opportunities-corp).
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