other_material
confidence high
sentiment neutral
materiality 0.70
FS Specialty Lending Fund plans NYSE listing; reverse split effective; shareholder vote in June
FS Specialty Lending Fund
- 6-for-1 reverse share split effective May 15, 2025; no action required from shareholders.
- Fund will convert from BDC to closed-end fund via reorganization; new ticker "FSSL" expected before Q4 2025.
- Shareholder proxy solicitation expected late June for three proposals to approve conversion and listing.
- NAV per share was $3.37 as of March 31, 2025; reverse split aimed at meeting NYSE $4.00 minimum.
- Listing subject to shareholder approval, market conditions, and final board approval.
item 7.01item 9.01