FS Specialty Lending Fund announced plans to list its common shares on the NYSE.
Conversion from a business development company to a closed-end fund is underway.
Shareholder approval is required for the reorganization into a newly formed closed-end fund.
Expected trading on NYSE under the ticker symbol FSSL in Q4 2025.
Conversion to Closed-End Fund
Fund transitioning to a closed-end fund from a business development company.
Reverse Share Split
6-for-1 reverse split done to meet NYSE listing requirements and align with market norms.
Listing Timeline
Targeting NYSE listing in Q4 2025, subject to various approvals and market conditions.
- The reverse share split boosted Fund's NAV to meet NYSE minimum stock price.
- Fund's enhanced quarterly distribution affected NAV post split.
- Listing on NYSE enhances liquidity and market visibility.
The move to list on NYSE signifies a strategic shift for FS Specialty Lending Fund, offering potential benefits to investors and enhancing market presence.