FS Credit Opportunities (FSCO)
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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 ...
FS Credit Opportunities (FSCO) - 2023 Q3 - Earnings Call Transcript
2023-11-22 05:00
FS Credit Opportunities Corp., Inc. (NYSE:FSCO) Q3 2023 Earnings Conference Call November 21, 2023 9:00 AM ET Company Participants Robert Paun - Head of Investor Relations Andrew Beckman - Head Portfolio Manager Nick Heilbut - Director of Research and Portfolio Manager Robert Paun Good morning, and welcome to FS Credit Opportunities Corp.’s Third Quarter 2023 Earnings Conference Call. Please note that FS Credit Opportunities Corp. may be referred to as FSCO, the Fund or the Company throughout the call. Toda ...
FS Credit Opportunities (FSCO) - 2023 Q2 - Earnings Call Transcript
2023-08-24 00:30
财务数据和关键指标变化 - 公司第二季度净资产值(NAV)增加5.2%,从6.35美元/股增加到6.68美元/股 [38][39] - 公司自2018年1月以来的年化收益率超过高收益债券指数252个基点,超过贷款指数135个基点 [30] 各条业务线数据和关键指标变化 - 公司投资组合中55%为公开市场投资,45%为私募投资 [23] - 公司77%的投资组合为高级担保债务,58%为浮动利率资产 [15][23] - 公司最大行业投资集中在医疗设备服务、消费服务和商业专业服务 [23] 各个市场数据和关键指标变化 - 2023年上半年高收益债券和贷款分别收益5.9%和8.4%,低评级信用表现优于高评级 [18] - 并购活动下降,新发行和再融资活动大幅低于2021年峰值,但需求仍然强劲 [19][20] - 违约率有所上升,但仍低于历史平均水平 [20] 公司战略和发展方向及行业竞争 - 公司采取动态投资策略,在公开和私募信用市场之间灵活配置资本 [13][14][45][47][48] - 公司规模和专业能力有利于获取交易机会、控制风险和实现规模经济 [13] - 公司投资组合集中在现金流稳定、杠杆适中、管理团队和/或私募股权投资者有丰富运营经验的企业 [21][29] 管理层对经营环境和未来前景的评论 - 管理层认为当前经济环境存在不确定性,可能出现波动,因此采取较为谨慎的投资策略 [27][28] - 管理层预计未来利率环境可能维持较高水平,这有利于公司投资组合的收益 [54] - 管理层认为经济放缓可能带来新的投资机会,公司已做好准备应对 [54] 问答环节重要的提问和回答 问题1 **提问内容** 公司的杠杆水平是多少? [35] **回答内容** 截至6月30日,公司的债务资产比为34%,债务权益比为52%。其中40%为债务,60%为优先股 [36] 问题2 **提问内容** 公司的费用结构如何,与同行相比如何? [42] **回答内容** 公司的管理费为1.35%,绩效费为10%,没有资本利得绩效费。这介于封闭式基金和上市BDC之间 [43] 问题3 **提问内容** 公司是否考虑股票回购计划? [56] **回答内容** 公司一直在评估各种资本配置选择,包括股票回购。目前公司股票交易折价较大,是一个有吸引力的投资机会,但公司也需要考虑杠杆和流动性状况 [56]