FS Specialty Lending Fund approved a plan to list its common shares on the NYSE.
The fund will convert from a BDC to a closed-end fund through reorganization.
Expected trading under ticker symbol FSSL in Q4 2025, subject to approvals.
Conversion to Closed-End Fund
Plan to convert from a BDC to a closed-end fund under the 1940 Act.
Ticker Symbol
Expected ticker symbol post-listing: FSSL on the NYSE.
Reverse Share Split
6-for-1 reverse split to meet NYSE listing requirements and align share price.
- The reorganization aims to enhance liquidity and align with NYSE standards.
- Shareholders will vote on the conversion and operational changes.
- Reverse share split aims to meet minimum share price requirements for trading.
The listing on NYSE as a closed-end fund marks a significant strategic move for FS Specialty Lending Fund, enhancing opportunities for investors and market visibility.