FS Credit Opportunities (FSCO) Company Report

On November 13, 2025, FS Credit Opportunities Corp. (FSCO) entered into an Equity Total Return Swap (TRS) with Nomura Global Financial Products Inc..
This Equity TRS allows FSCO to obtain the economic benefit of owning up to $50 million of common shares of beneficial interest in FS Specialty Lending Fund (FSSL).
The swap has a term of three years and requires FSCO to post collateral equal to 70% of the share value.
Under the agreement, FSCO will receive cash dividends from the underlying shares and will pay a monthly floating amount equal to the Equity Notional Amount multiplied by 250 basis points plus the USD overnight bank funding rate per annum.

Nov 13, 2025, 9:02 PM

FS Credit Opportunities Corp. Issues New Term Preferred Shares and Announces Redemptions

FSCO

Debt Issuance

Convertible Preferred Issuance

FS Credit Opportunities Corp. (FSCO) completed the issuance of 50,000 shares of 5.106% Term Preferred Shares, Series 2028, and 150,000 shares of 5.481% Term Preferred Shares, Series 2030, on October 21, 2025.
Both series of preferred shares have a liquidation preference of $1,000 per share and were sold to qualified institutional buyers. The Series 2028 shares mature on October 21, 2028, and the Series 2030 shares mature on October 21, 2030.
The company also announced the redemption of 50,000 shares of Series 2025, 50,000 shares of Series 2025-2, and 100,000 shares of Series 2026 Term Preferred Shares on November 3, 2025, each with a liquidation preference of $1,000 per share.

Oct 21, 2025, 8:29 PM

FS Credit Opportunities Corp. Declares Distributions for Q4 2025

FSCO

Dividends

Guidance Update

FS Credit Opportunities Corp. (FSCO) has declared a monthly distribution of $0.0678 per share for October, November, and December 2025.
These distributions are scheduled to be paid on October 31, November 28, and December 31, 2025, respectively.
As of September 30, 2025, the current annualized distribution rate translates to an annualized distribution yield of 11.3% based on net asset value (NAV) and 11.8% based on market price.
The monthly distribution has been fully covered by the Fund's net investment income throughout 2025 on a tax basis, and the Fund generated an estimated total return on NAV of 9.5% and 10.1% on market price year-to-date through September 30, 2025.
The Fund has approximately $2.2 billion in assets under management.