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An update from FS Energy & Power Fund ( (FSEN) ) is now available.
On April 24, 2025, FS Specialty Lending Fund announced its board’s approval to prepare for listing its common shares on the New York Stock Exchange (NYSE). The fund will convert from a business development company to a closed-end fund, subject to shareholder approval, with the listing expected by the end of the fourth quarter of 2025. The reorganization aims to enhance shareholder returns and liquidity options, with a new ticker symbol ‘FSSL’. The fund has also implemented a 6-for-1 reverse share split to meet NYSE listing requirements and plans to reduce management fees upon listing. The transition to a diversified credit strategy is designed to improve long-term liquidity and reduce volatility.
More about FS Energy & Power Fund
FS Specialty Lending Fund operates in the financial services industry, focusing on lending and investment management. The company is transitioning from investing primarily in private U.S. energy and power companies to a diversified credit strategy that includes both private and public credit across various industries.
Average Trading Volume: 14,664
See more data about FSEN stock on TipRanks’ Stock Analysis page.