FS Credit Opportunities (FSCO)
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Too Early To Sell 11.4% Yielding FSCO
Seeking Alpha· 2024-06-14 01:37
Igor Kutyaev One of our largest positions on the taxable bond side has been with FS Credit Opportunities (NYSE:FSCO), a relatively new listed closed-end fund ("CEF") from FS Investments. Prior to November 2022, the fund was unlisted, providing only quarterly liquidity to shareholders up to 5% of shares. The conversion from a quarterly liquidity to intraday liquidity vehicle allowed investors to sell out late in 2022 when bonds were falling precipitously as rates rose and investors positioned for recessi ...
FSCO: Seize The Opportunity For Strong Total Returns From Increased Private Credit Investments
Seeking Alpha· 2024-06-12 05:06
John M Lund Photography Inc/DigitalVision via Getty Images A recent insight from Voya Investment Management suggests that rate cuts have been delayed in the second quarter of 2024 but not derailed. Many income investors like me are wondering if and how "higher for longer" rates will affect investments in credit funds that offer senior secured loans, corporate bonds, and related securities that generate high yield income. Last month, we highlighted the silver lining for bond investors in this environment: F ...
FS Credit Opportunities Corp. (FSCO) Declares Distribution for June 2024
Prnewswire· 2024-06-04 04:58
PHILADELPHIA, June 3, 2024 /PRNewswire/ -- The Board of Directors of FS Credit Opportunities Corp. (the Fund) (NYSE: FSCO) announced the monthly distribution for June 2024. The distribution of $0.06 per share will be paid on June 28, 2024. Further information on the distribution is summarized in the charts below.The current annualized distribution rate equates to an annualized distribution yield1 of 10.2% and 11.4%, respectively, based on the Fund's net asset value (NAV) and market price as of May 31, 2024. ...
FS Credit Opportunities (FSCO) - 2024 Q1 - Earnings Call Transcript
2024-05-22 01:24
分组1 - 公司在第一季度交出了出色的业绩,净资产收益率达到5.8%,超越高收益债券和高级抵押贷款指数[10] - 公司宣布将每月分红提高5%至每股0.06美元,这是自2022年11月在纽交所上市以来的第三次分红增加[11][12] - 公司股票较净资产值的折价幅度大幅收窄,反映了公司持续强劲的业绩和分红增加[13] 分组2 - 公司积极管理和审慎的信用评估将在未来一年中至关重要,公司将关注现金流强劲、负债水平适中且管理团队经验丰富的企业[35] - 公司将继续专注于高收益但有强有力条款的优先债务投资,并谨慎对待私募股权支持的公司债务[39][40] - 公司的规模和资源优势有助于获得差异化的投资机会,并提供灵活的融资结构[41][42][43] 问答环节重要的提问和回答 问题1 **Ellie Jiang 提问** 询问公司在消费者行业的投资机会和风险[53] **Jiazhen Zhao 回答** 公司对消费者行业持谨慎态度,但通过选择特定的子行业和公司获得了有吸引力的投资机会[54][55][56][57] 问题2 **Yang Bai 提问** 询问公司目前最佳的风险调整收益机会在哪里[58] **Jiazhen Zhao 回答** 公司认为一级抵押贷款提供最佳风险调整收益,公司谨慎看待资本结构下行的机会[59][60][61] 问题3 **Joyce Ju 提问** 询问公司如何看待私募投资组合的前景[63] **Lei Chen 回答** 公司认为私募投资组合提供了更好的投资机会,因为公开市场的信用利差和条款已经收紧,而私募市场仍有更有吸引力的机会[64][65][66][67]
FS Credit Opportunities (FSCO) - 2024 Q1 - Quarterly Results
2024-04-23 04:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 22, 2024 FS CREDIT OPPORTUNITIES CORP. (Exact name of Registrant as specified in its charter) Maryland 811-22802 46-1882356 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 201 Rouse Boulevard Philadelphia, Pennsylvania 19112 (Ad ...
FS Credit Opportunities Corp. (FSCO) Declares Distribution for April 2024
Prnewswire· 2024-04-09 04:15
PHILADELPHIA, April 8, 2024 /PRNewswire/ -- The Board of Directors of FS Credit Opportunities Corp. (the Fund) (NYSE: FSCO) announced the monthly distribution for April 2024. The distribution of $0.06 per share will be paid on April 30, 2024. Further information on the distribution is summarized in the charts below. The current annualized distribution rate equates to an annualized distribution yield1 of 10.1% and 12.1%, respectively, based on the Fund's net asset value (NAV) and market price as of March 31, ...
FS Credit Opportunities Corp. (FSCO) Declares Increased Distribution for March 2024
Prnewswire· 2024-03-12 04:15
PHILADELPHIA, March 11, 2024 /PRNewswire/ -- The Board of Directors of FS Credit Opportunities Corp. (the Fund) (NYSE: FSCO) announced today an increase to the monthly distribution for March 2024. The March distribution will be paid on March 28, 2024 at $0.06 per share, representing an increase of approximately 5.3% over the February distribution. Further information on the distribution is summarized in the charts below. "Based on FS Credit Opportunities Corp.'s continued strong performance, we are pleased ...
FS Credit Opportunities (FSCO) - 2024 Q4 - Earnings Call Transcript
2024-03-02 04:15
业绩总结 - 公司在2023年取得了强劲的回报,基金净回报率为20.1%[1] - 基金的净投资收入完全覆盖了每股0.64美元的分配,净资产价值每股增加了0.59美元,同比增长9.3%[1] - 公司在2023年的投资组合表现良好,其中最大的贡献者是直接投资于一家医疗服务公司New Giving, Inc.,该公司实现了强劲的收入和盈利增长[2] - 公司在第四季度保持了充分投资,新投资额为1.84亿美元,超过了1.73亿美元的销售和退出[3] - 公司在2023年12月31日的资产规模为21亿美元[4] 未来展望 - 公司在2024年继续关注经济前景,认为未来可能出现波动[4] - 公司认为自己有一个良好的投资平台,致力于在各种经济和金融市场条件下实现强劲的风险调整回报[4] 新产品和新技术研发 - 公司过去六年在非传统信贷市场投资超过70亿美元[4] 市场扩张和并购 - 公司在2024年继续关注经济前景,认为未来可能出现波动[4] 负面信息 - 预计利率在未来一段时间内保持不变,不会有明显的利率削减[6]
FS Credit Opportunities (FSCO) - 2023 Q4 - Earnings Call Presentation
2024-03-02 04:14
FS Credit Opportunities Corp. Quarter and year ended December 31, 2023 All information is as of December 31, 2023, unless otherwise noted. Credit Private ...
FS Credit Opportunities: Riding The Corporate Credit Wave With A 12% Yield
Seeking Alpha· 2024-02-27 06:13
Philip Thurston/E+ via Getty Images Back in the day, in my eternal quest for the perfect wave in my teens and 20s, the old surfer in me longed for those warm, sunny days when I could leisurely travel the world (or at least my local beaches) looking for the right setup. I always liked right-hand point breaks where I could tuck into the barrel of the wave and travel on down the line, riding from the trough to the peak and back down again, gaining speed and momentum. This analogy could be applicable to my sear ...