"FS KKR Capital Corp's distribution was cut from $0.70 to $0.48 per quarter in Q1 2026, reflecting a need to align payouts with actual earnings. The company had been paying out more than it earned, with net investment income per share falling short of the fixed distribution for several quarters."
"As of September 30, 2025, FSK's total investment portfolio was approximately $13.4 billion, primarily consisting of senior secured debt that earns floating-rate interest. The KKR connection provides FSK with access to deal flow that smaller BDCs cannot match, enhancing its investment capabilities."
FS KKR Capital Corp, a Business Development Company, reduced its quarterly distribution from $0.70 to $0.48 in Q1 2026. The company primarily lends to private middle-market firms and passes income to shareholders. As of September 30, 2025, its investment portfolio was approximately $13.4 billion. The distribution cut was necessary as FSK's net investment income consistently fell short of the previous payout. Management announced a new base distribution of $0.45 per share for 2026, targeting a 10% yield on net asset value.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]