other material
confidence high
sentiment positive
materiality 0.15
FS Credit Opportunities Corp. shareholders approve advisory fee reduction from 1.5% to 1.35%
FS Credit Opportunities Corp.
- At reconvened annual meeting on Aug 16, 2022, proposal to reduce base management fee from 1.5% to 1.35% of gross assets passed.
- Vote: 90,764,038 for, 3,433,565 against, 6,091,344 abstentions, with no broker non-votes.
- Amendment also changes incentive fee hurdle rate to a percentage of net assets instead of adjusted capital.
- Advisory agreement amendment is contingent on a future NYSE listing of the company's common stock.
- Meeting originally held June 22, 2022 and was adjourned to allow additional solicitation of votes.