FS Credit Opportunities Corp. (FSCO) Declares November 2024 Distribution
PHILADELPHIA, Nov. 4, 2024 /PRNewswire/ — FS Credit Opportunities Corp. (the Fund), trading under the ticker symbol FSCO, has announced its monthly distribution for November 2024. The distribution of $0.06 per share will be paid to shareholders on November 29, 2024.
This distribution translates to an impressive annualized distribution yield of 10.1% based on the Fund’s Net Asset Value (NAV) and 10.8% based on its market price as of October 31, 2024. It’s important to note that the monthly distribution has been fully covered by the Fund’s net investment income throughout 2024, demonstrating a strong financial performance.
Key Distribution Details:
*
Distribution Amount:
$0.06 per share*
Payable Date:
November 29, 2024*
Ex-Date:
November 21, 2024*
Record Date:
November 21, 2024Fund Performance Highlights:
The Fund has generated an estimated total return on NAV of 12.5% and 29.2% on market price year-to-date through October 31, 2024. This strong performance underscores the Fund’s commitment to delivering value to its investors.
About FS Credit Opportunities Corp. (FSCO):
FS Credit Opportunities Corp. (FSCO) is a closed-end fund that invests in a variety of credit opportunities, including event-driven credit, special situations, private capital solutions, and other non-traditional credit opportunities. With approximately $2.1 billion in assets under management, FSCO is a significant player in the alternative credit space.
About FS Investments:
FS Investments is a global alternative asset manager dedicated to delivering superior performance and innovative investment and capital solutions. The firm manages over $82 billion in assets for a wide range of clients, including institutional investors, financial professionals, and individual investors. With its diversified platform and flexible capital solutions, FS Investments is a valued partner to general partners, asset owners, and portfolio companies.
Important Disclosures:
* Investors should consider, among other things, 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 at https://fsinvestments.com/fs-credit-opportunities-corp/.
* The amount of monthly distributions may be affected by numerous factors, including changes in portfolio and market conditions. Shareholders should not use the information provided here in preparing their tax returns. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will tell them how to report these distributions for federal income tax purposes.
Contact Information:
*
Investor Relations:
Joe Montelione, joseph.montelione@fsinvestments.com*
Media:
Sarah Hilferty, media@fsinvestments.comForward-Looking Statements:
Statements included in this press release may constitute “forward-looking” statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements with regard to future events or the future performance or operations of the Fund. Words such as “intends,” “will,” “expects,” and “may” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, geopolitical risks, risks associated with possible disruption to the Fund’s operations or the economy generally due to hostilities, terrorism, natural disasters or pandemics such as COVID-19, future changes in laws or regulations and conditions in the Fund’s operating area, unexpected costs, the price at which the Fund’s shares of common stock may trade on the New York Stock Exchange, and such other factors that are disclosed in the Fund’s filings with the Securities and Exchange Commission. The inclusion of forward-looking statements should not be regarded as a representation that any plans, estimates, or expectations will be achieved. Any forward-looking statements speak only as of the date of this communication. Except as required by federal securities laws, the Fund undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
1 Annualized distribution yield reflects the current month’s distribution per share annualized and divided by the estimated current month end net asset value (NAV) per share or market price per share; because annualized distribution yield is based on estimated current month end NAV, it is an estimate that is subject to change.
