FS Credit Opportunities plans NYSE direct listing on or around Nov 14, 2022; $2.1B AUM, 9%+ div yield

FS Credit Opportunities Corp.

Direct listing on NYSE expected around November 14, 2022, subject to market conditions and board approval.
$2.1B assets under management; expected dividend yield of 9.0%+ based on NAV as of Sept 30, 2022.
Portfolio: 81% senior secured, 64% floating rate, 1.25 years duration, 0.25x debt-to-equity ex-preferred.
Net investment income averaged 119% of distributions since Jan 2018; outperformed high yield by ~330bps/yr.
Share transfer restrictions approved by stockholders in June 2022 waived for re-registrations without consideration.

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