other_material
confidence high
sentiment neutral
materiality 0.65
FS Specialty Lending Fund to list common shares on NYSE (ticker FSSL) after BDC-to-closed-end conversion
FS Specialty Lending Fund
- 6-for-1 reverse share split effective May 15, 2025; no action required by shareholders.
- Expects common shares to trade on NYSE under ticker FSSL before end of Q4 2025, subject to approvals.
- Shareholder proxy solicitation expected in late June; three proposals related to conversion must be approved.
- Conversion from BDC to closed-end fund via reorganization into newly formed fund with same name.
- Reverse split intended to meet NYSE minimum share price of $4.00; NAV was $3.37 as of March 31, 2025.
item 7.01item 9.01