FS Specialty Lending Fund (NYSE:FSSL) Plans Monthly Dividend of $0.15

FS Specialty Lending Fund (NYSE:FSSL) announced a monthly dividend on Monday, October 12th. Stockholders of record on Wednesday, December 23rd will be paid a dividend of $0.1495 per share on Thursday, December 31st. This represents a $1.79 dividend on an annualized basis and a dividend yield of 15.7%. The ex-dividend date is Wednesday, December 23rd.

FS Specialty Lending Fund Trading Down 0.8%

Shares of NYSE:FSSL opened at $11.44 on Tuesday. The stock has a 50-day simple moving average of $11.63 and a 200-day simple moving average of $11.63. FS Specialty Lending Fund has a 1 year low of $10.75 and a 1 year high of $15.00.

Institutional Trading of FS Specialty Lending Fund

A number of institutional investors have recently added to or reduced their stakes in FSSL. Rivernorth Capital Management LLC increased its holdings in FS Specialty Lending Fund by 73.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 2,315,114 shares of the company’s stock valued at $28,962,000 after purchasing an additional 981,989 shares in the last quarter. Independent Financial Group LLC purchased a new position in FS Specialty Lending Fund in the first quarter valued at about $3,175,000. Noble Wealth Management PBC acquired a new position in shares of FS Specialty Lending Fund during the second quarter worth about $1,851,000. Absolute Investment Advisers LLC acquired a new position in shares of FS Specialty Lending Fund during the first quarter worth about $834,000. Finally, TrueMark Investments LLC lifted its stake in shares of FS Specialty Lending Fund by 127.4% during the first quarter. TrueMark Investments LLC now owns 67,304 shares of the company’s stock worth $842,000 after purchasing an additional 37,706 shares in the last quarter.

FS Specialty Lending Fund (NYSE: FSSL) is a closed-end investment company that has elected to operate as a business development company. The fund seeks to generate current income and, to a lesser extent, capital appreciation by investing primarily in privately negotiated debt and other investments issued by middle-market companies.

Its portfolio may include senior secured loans, unitranche and subordinated debt, unsecured debt, and equity or equity-related securities. Through these investments, FS Specialty Lending Fund provides financing to privately held businesses that may use the proceeds for acquisitions, recapitalizations, refinancing, growth initiatives, or other corporate purposes.

The fund is externally managed by FS/KKR Advisor, LLC, an investment adviser affiliated with FS Investments and KKR.