FS Specialty Lending Fund Plans NYSE Listing as Closed-End Fund, Ticker FSSL, Target Q4 2025

FS Specialty Lending Fund

Board approved conversion from BDC to registered closed-end fund via reorganization; shareholder vote required.
On May 15, 2025, the Fund executed a 6-for-1 reverse share split to meet NYSE $4.00 minimum share price.
Upon listing, base management fee drops to 1.50% (waived to 1.35% of gross assets); capital gains incentive fee eliminated.
Post-listing, annualized distribution rate targeted at 9.0-9.5% of NAV; monthly payouts expected from January 2026.
Energy holdings reduced to 8.0% of portfolio fair value; income-accruing investments reached 98.5% as of June 30, 2025.

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