FS Specialty Lending Fund posts Q1 NAV return 2.29%, advances NYSE listing plan

FS Specialty Lending Fund

Board approved NYSE listing under ticker 'FSSL' before end of Q4 2025; 6-for-1 reverse share split effective May 15, 2025.
Q1 NAV per share rose to $3.37 from $3.30; net investment income $0.06 per share; distribution $0.1053 per share (12.5% annualized).
Diversified credit now 88% of portfolio fair value (85.5% in Q4); energy reduced to 12% from 14.5%; non-accruals down to 0.4%.
Shareholder proxy solicitation expected to begin late June for three proposals to convert BDC to closed-end fund.
Purchases totaled $357M in Q1, with 89% of private credit purchases as co-investments; sales/repayments $385M.

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