FS Credit Opportunities Corp. (FSCO) has announced its monthly distribution for October 2024. The Fund will pay shareholders a distribution of $0.06 per share on October 31st, 2024. This distribution represents an annualized distribution yield of 10.0% based on the Fund’s net asset value (NAV) and 11.3% based on the market price as of September 30th, 2024.
Throughout 2024, the monthly distribution has been fully covered by the Fund’s net investment income. The Fund has also demonstrated strong performance with an estimated total return on NAV of 12.3% and 22.1% on market price year-to-date through September 30th, 2024.
FS Credit Opportunities Corp. manages approximately $2.2 billion in assets and invests in event-driven credit, special situations, private capital solutions, and other non-traditional credit opportunities. 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 various factors, including changes in portfolio and market conditions.
About FS Investments
FS Investments is a global alternative asset manager dedicated to delivering superior performance and innovative investment and capital solutions. They manage over $82 billion in assets for a wide range of clients, including institutional investors, financial professionals, and individual investors. The firm provides access to a broad suite of alternative asset classes and strategies through its best-in-class investment teams and partners. FS Investments is committed to building value for its clients, investing in its colleagues, and giving back to its communities. The firm has over 500 employees across offices in the U.S., Europe, and Asia and is headquartered in Philadelphia.
Important Information for Investors
Shareholders should not use the information provided in this announcement when preparing their tax returns. The Fund will send a Form 1099-DIV to shareholders for the calendar year, providing information on how to report these distributions for federal income tax purposes. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. You 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/).
