other material
confidence high
sentiment neutral
materiality 0.40
FS Credit Opportunities reactivates distribution reinvestment plan effective May 16, 2023
FS Credit Opportunities Corp.
- Board unanimously reactivated Amended & Restated DRP; all distributions now reinvested in shares unless stockholder opts for cash.
- Plan was suspended for 181 days after NYSE listing on Nov 14, 2022; reactivation per plan terms via Form 8-K notice.
- New shares issued at greater of NAV or 95% of market price if price >= NAV; if below, company may buy open market or issue at NAV.
- Stockholders may elect cash by notifying plan administrator in writing at least 10 days before record date.
- No brokerage charges on newly-issued shares; Plan Administrator fees paid by company; $20 fee for voluntary share sales.