FS Energy & Power Fund ( (FSEN) ) just unveiled an announcement.
FS Specialty Lending Fund, originally a business development company, is transitioning to a closed-end fund registered under the Investment Company Act of 1940. This move is part of a strategic plan to list its common shares on the New York Stock Exchange by the end of 2025. The reorganization involves merging with a newly formed closed-end fund, subject to shareholder and board approvals. The fund will undergo a reverse share split to meet NYSE listing requirements, and its management structure will remain largely unchanged, with FS Investments acquiring full control of the investment adviser. This transition aims to enhance shareholder value and align with market standards.
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