other material
confidence high
sentiment positive
materiality 0.75
FS Credit Opportunities Corp. lists on NYSE; management fee reduced to 1.35%
FS Credit Opportunities Corp.
- Began trading on NYSE on Nov 14 under ticker FSCO.
- Management fee cut from 1.5% to 1.35% of average daily gross assets.
- Incentive fee hurdle rate changed to percentage of net assets (vs adjusted capital).
- FSCO has >$2B in assets; invests in event-driven credit, special situations, private capital.
- Amended distribution reinvestment plan adopted, suspended for 181 days post-listing.