FS Specialty Lending Fund (FSSL) to Distribute Monthly Dividend of $0.15 on October 30th

FS Specialty Lending Fund (NYSE:FSSL) declared a monthly dividend on Monday, October 12th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.1495 per share on Friday, October 30th. This represents a $1.79 annualized dividend and a dividend yield of 15.7%. The ex-dividend date is Friday, October 23rd.

FS Specialty Lending Fund Stock Down 0.3%

NYSE:FSSL opened at $11.40 on Wednesday. FS Specialty Lending Fund has a twelve month low of $10.75 and a twelve month high of $15.00. The stock’s 50 day moving average price is $11.63 and its two-hundred day moving average price is $11.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Post Resch Tallon Group Inc. lifted its stake in FS Specialty Lending Fund by 207.7% in the 3rd quarter. Post Resch Tallon Group Inc. now owns 38,457 shares of the company’s stock valued at $447,000 after purchasing an additional 25,957 shares during the last quarter. Noble Wealth Management PBC grew its holdings in FS Specialty Lending Fund by 18.4% during the third quarter. Noble Wealth Management PBC now owns 196,519 shares of the company’s stock worth $2,286,000 after purchasing an additional 30,516 shares during the period. Hopwood Nicholas Hunter bought a new position in FS Specialty Lending Fund during the second quarter worth about $262,000. Concurrent Investment Advisors LLC acquired a new position in FS Specialty Lending Fund during the second quarter worth approximately $257,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in FS Specialty Lending Fund during the second quarter worth approximately $61,000.

FS Specialty Lending Fund (NYSE: FSSL) is a closed-end investment company that has elected to operate as a business development company. The fund seeks to generate current income and, to a lesser extent, capital appreciation by investing primarily in privately negotiated debt and other investments issued by middle-market companies.

Its portfolio may include senior secured loans, unitranche and subordinated debt, unsecured debt, and equity or equity-related securities. Through these investments, FS Specialty Lending Fund provides financing to privately held businesses that may use the proceeds for acquisitions, recapitalizations, refinancing, growth initiatives, or other corporate purposes.

The fund is externally managed by FS/KKR Advisor, LLC, an investment adviser affiliated with FS Investments and KKR.