FS Specialty Lending Fund targets NYSE listing as closed-end fund in Q4 2025 with fee cuts

FS Specialty Lending Fund

Plans to list on NYSE under ticker 'FSSL' as a closed-end fund by end of Q4 2025, subject to shareholder approval.
Upon listing, base management fee reduced from 1.75% to 1.50% of gross assets; with waiver, effective fee 1.35%.
Target quarterly or monthly distribution of 9.0–9.5% of NAV post-listing, down from enhanced 12.5% in transition.
Completed 6-for-1 reverse stock split on May 15, 2025; NAV $19.82/share as of June 30, 2025.
Future Standard to acquire EIG's interest in the investment adviser; capital gains incentive fee eliminated.

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