FS Specialty Lending Fund plans NYSE listing as closed-end fund FSSL by late Q4 2025

FS Specialty Lending Fund

Reverse 6-for-1 share split completed May 15; each share now equals one-sixth of prior holdings to meet NYSE price minimum.
Target NYSE listing under ticker FSSL by late Q4 2025; conversion from BDC to closed-end fund requires shareholder vote.
Upon listing, base management fee cut to 1.50% of gross assets (effectively 1.35% after waiver); capital gains incentive fee eliminated.
Enhanced quarterly distributions of 12.5% annualized for Q2 2025; post-listing target 9.0-9.5% monthly or quarterly distributions from NAV.
Quarterly tender offers suspended until listing; shares become freely tradable on NYSE after listing.

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