FS Specialty Lending Fund plans NYSE listing by Q4 2025, reverse split & fund conversion initiated

FS Specialty Lending Fund

Board approves plan to list common shares on NYSE under ticker 'FSSL' by end of Q4 2025, subject to shareholder and final board approval.
Fund to convert from BDC to closed-end fund via reorganization; proxy solicitation expected to begin in late June.
6-for-1 reverse share split effective May 15, 2025; NAV per share was $3.37 as of March 31, 2025 (pre-split).
Q1 2025 NAV total return of 2.29%; declared enhanced quarterly distribution of $0.1053/share (12.5% annualized).
Portfolio transition continues: diversified credit now 88.0% of fair value; energy down to 12.0%; non-accruals reduced to 0.4%.

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