FS Specialty Lending Fund targets NYSE listing as closed-end fund by Q4 2025

FS Specialty Lending Fund

Target NYSE listing under ticker "FSSL" as registered closed-end fund by late Q3/early Q4 2025, subject to shareholder approval, NYSE approval, and market conditions.
Base management fee to be reduced from 1.75% to 1.50% (1.35% effective after waiver) and incentive fee waived from 20% to 10% upon listing; FS Investments to acquire EIG's interest in the Adviser.
Enhanced quarterly distribution of 12.5% annualized on NAV for Q2 and Q3 2025; after listing, target monthly/quarterly distribution of 9.0-9.5% of NAV.
Shareholder proxy solicitation commenced early July 2025 for reorganization and conversion proposals; reverse share split and account consolidation already completed.
Expect quarterly tender offers to remain suspended until listing; FS Investments evaluating secondary market support options.

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