FS Credit Opportunities Corp. Announces December 2024 Distribution Details

FS Credit Opportunities Corp. Declares Monthly Distribution for December 2024



On December 5, 2024, the Board of Directors of FS Credit Opportunities Corp. (NYSE: FSCO) made a significant announcement regarding its upcoming monthly distribution. Shareholders can expect to receive $0.06 per share, which is set to be paid on December 31, 2024. This marks a consistent commitment to providing returns to shareholders amidst a year of impressive financial performance.

Financial Performance Insights


The announced distribution is reflective of the Fund's strong performance throughout 2024. The annualized distribution rate translates to yields of 10.1% based on the net asset value (NAV) and 10.6% based on the market price as of November 30, 2024. This robust yield indicates the organization's ability to maintain its distributions effectively despite the fluctuating market conditions that often challenge such entities.

Throughout the year, the Fund has fully covered its monthly distributions through net investment income, showcasing a solid financial foundation. The total return on NAV has been estimated at 12.75%, while the total return on market price stands at an impressive 33.1% year-to-date, further underlining the Fund's effective investment strategies.

Investment Strategy and Assets Under Management


FS Credit Opportunities Corp. manages an asset base of approximately $2.2 billion. The Fund specializes in event-driven credit, focusing on special situations, private capital solutions, and other alternative credit investment opportunities. This strategic focus allows the Fund to navigate various market conditions effectively, seeking optimal returns for its investors.

Distribution Schedule


The distribution will adhere to the following schedule:
  • - Ex-Date: December 23, 2024
  • - Record Date: December 23, 2024
  • - Payable Date: December 31, 2024

These dates are critical for shareholders to note, ensuring that they are eligible for the upcoming payment.

Shareholder Guidance


FS Credit Opportunities Corp. aims to provide regular monthly cash distributions at a level rate that may adjust periodically based on market conditions and portfolio performance. Shareholders are advised to consider various factors that may influence the amount of future distributions. The organization encourages careful consideration of investment objectives and risks associated before making any investment decisions.

For additional guidance, the Fund reminds its shareholders and investors that they will be issued a Form 1099-DIV for the calendar year. This document will help with reporting the distributions as required for federal income tax purposes.

About FS Investments


FS Investments serves as a global alternative asset manager managing over $82 billion in assets for a diverse clientele, including individual and institutional investors. Headquartered in Philadelphia, the firm prides itself on providing access to a wide range of asset classes and investment strategies through its robust investment teams.

FS Investments continues to emphasize a strong performance culture, aiming to deliver exceptional value for its clients while fostering investment in human capital and contributing to communities.

As futures unfold, FS Credit Opportunities Corp. will continue to update its stakeholders on any significant developments regarding investments and distributions, ensuring transparency and reliability in its operations.

Investors interested in further details about the Fund's performance or strategy can visit the FS Investments website or consult their most recent reports available via the Securities and Exchange Commission's EDGAR Database.

Stay tuned for more updates as FSCO navigates the investment landscape, promising to maintain its commitment to shareholders while seeking out profitable investment opportunities in 2024 and beyond.

Topics Financial Services & Investing)

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