Earnings summaries and quarterly performance for FS Specialty Lending Fund.
Research analysts covering FS Specialty Lending Fund.
Recent press releases and 8-K filings for FSSL.
FS Specialty Lending Fund Declares January 2026 Distribution
FSSL
Dividends
- FS Specialty Lending Fund (FSSL) announced a monthly distribution of $0.1375 per share for January 2026, payable on January 30, 2026.
- The annualized distribution yield is 9.1% based on net asset value (NAV) and 11.7% based on market price, as of December 31, 2025.
- The Fund manages approximately $1.9 billion in assets, investing in event-driven credit, special situations, private capital solutions, and other non-traditional credit opportunities.
Jan 12, 2026, 9:15 PM
FS Specialty Lending Fund (FSSL) Declares Fourth Quarter 2025 Distribution
FSSL
Dividends
Guidance Update
- FS Specialty Lending Fund (FSSL) announced a distribution of $0.42 per share for the fourth quarter of 2025, payable on December 15, 2025.
- This distribution represents an annualized yield of 9.0% based on the Fund's net asset value as of October 31, 2025.
- The Fund currently manages approximately $1.9 billion in assets and invests in event-driven credit, special situations, private capital solutions, and other non-traditional credit opportunities.
- Subject to board approval, FSSL expects to declare and pay distributions monthly beginning in January 2026.
Nov 14, 2025, 9:15 PM
FSSL Announces NYSE Listing and Q3 2025 Performance
FSSL
Delisting/Listing Issues
Earnings
- FS Specialty Lending Fund (FSSL) converted to a closed-end fund on October 28, 2025, and anticipates its common shares will begin trading on the NYSE under the ticker symbol "FSSL" on Thursday, November 13, 2025.
- For the three months ended September 30, 2025, FSSL reported $49 million in investment income and $26 million in net investment income.
- The Net Asset Value (NAV) per share was $19.27 as of September 30, 2025, and $18.60 as of November 4, 2025. Approximately 58% of the NAV decline since December 31, 2024, is attributed to enhanced distributions exceeding net investment income.
- An Investment Advisory Agreement, effective October 28, 2025, includes a fee waiver for the period until the Listing Date, ensuring aggregate fees do not exceed those calculated under the Post-Listing Fee Rates (Base Management Fee of 1.50% of average daily gross assets).
Nov 7, 2025, 9:42 PM
FS Specialty Lending Fund Prepares for NYSE Direct Listing and Operational Changes
FSSL
Delisting/Listing Issues
Dividends
Accounting Changes
- FS Specialty Lending Fund (FSSL) is preparing for a direct listing on the New York Stock Exchange (NYSE) under the ticker symbol "FSSL" in mid-November 2025, following its conversion from a Business Development Company (BDC) to a closed-end fund on October 28, 2025.
- A 6-for-1 reverse share split was executed on May 15, 2025, to meet NYSE listing requirements and align the share price with comparable closed-end funds.
- The company will transition from enhanced quarterly distributions (annualized 12.5% of NAV for Q1-Q3 2025) to a targeted annualized distribution rate of 9.0-9.5% of NAV for Q4 2025, with distributions expected to be paid monthly starting January 2026.
- Upon listing, the effective base management fee will be reduced to 1.35% of gross assets, and the income incentive fee will be reduced from 20% to 10% (subject to a 6.0% annualized hurdle rate).
Oct 30, 2025, 3:58 PM
FS Specialty Lending Fund Completes Reorganization and Implements New Fee Structure with Waivers Ahead of Proposed NYSE Listing
FSSL
M&A
New Projects/Investments
- FS Specialty Lending Fund completed its reorganization on October 28, 2025, converting from a business development company to a closed-end fund registered under the Investment Company Act of 1940.
- The Fund intends to list its common shares on the New York Stock Exchange, with the Proposed Listing currently expected in mid-November.
- Prior to the Proposed Listing, the Fund's base management fee is calculated at an annual rate of 1.75% of gross assets, and the income incentive fee is 20% of pre-incentive fee net investment income, subject to a 6.5% annualized hurdle rate.
- Upon the Proposed Listing, the base management fee will be 1.50% of gross assets, and the income incentive fee will be 20% of pre-incentive fee net investment income, subject to a 6.0% annualized hurdle rate.
- Additionally, effective upon the Proposed Listing, a Fee Waiver Agreement will reduce the base management fee by 0.15% to 1.35% of average daily gross assets and the income incentive fee to 10% of pre-incentive fee net investment income.
Oct 28, 2025, 8:59 PM
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more