Payout ratios above 75% are not desirable because they may not be sustainable. FS INVESTMENT CORPORATION II (Name of Subject Company (Issuer)) FS INVESTMENT CORPORATION II (Names of filing Persons (Offeror and Issuer)) Common Stock, Par Value $0.001 per share (Title of Class of Securities) 35952V 105 (CUSIP Number of Class of Securities) (Underlying Common Stock) Michael … Have you suffered losses with FS Investment Corp. III (FSIC)?FSIC is sponsored by FS Investments, which was also known as Franklin Square Capital Partners. Speak with an experienced securities attorney to learn more about your options. FS KKR Capital Corp. II (NYSE: FSKR) is a publicly traded BDC focused on providing customized credit solutions to private middle market U.S. companies. FS Energy was sold to investors usually at $10 per share when shares were issued to investors. FS Investments' value may have been more clear during the fundraising process, when it relied on an army of financial advisors to sell shares of the then-non-traded BDC. Dividend Coverage. FS KKR Capital Corp. We seek to continue to build on the strong investment expertise and sourcing networks of KKR Credit and FS Investments, the joint operators of our investment adviser, and adhere to an investment approach that emphasizes strong fundamental credit analysis and rigorous portfolio monitoring. Recovery of Investment Losses in FS Investment Corporation II. About FS Investment Corporation . FS Credit Income Fund Repurchase Offer Terms 1. Subscribe now — Limited time offer. FS Investments often raises money for investments through Reg D private placement offerings like the company did for FS Investment Corporation II. The company also suspended regular cash distributions to shareholders after … FS Investments (formerly known as Franklin Square) was founded in 2007 and currently reports $18.7 billion in assets under management. Banking & Financial Services . FS Energy and Power Fund Suspends Share Repurchase Program and Distributions. Box 219095 Kansas City, MO 64121 Upon processing, tender transactions will be visible in DST Vision within the transaction history section of the shareholder’s account. Are you concerned about investment losses in FS Investment Corporation II (FSIC II)? Institutional Investors Robert Paun [email protected] 917-338-5074. The Company offers equities, fixed income, and real estate investment services. President … Learn more now. Lars Soreide Highest Ethical Standard Award 2018. If you invested in a FS Investments BDC (such as FSIC II, FSIC III, FSIC IV, CCT II, or FSEP) you may be eligible to recover your losses. fs global credit opportunities fund—a offer to purchase common shares of beneficial interest for cash on july 6, 2020 letter of transmittal must be received by fs global credit opportunities fund—a on or before july 1, 2020 the offer will expire at 4:00 p.m., eastern time, on july 1, 2020, unless the offer is extended. Company overview; Approach & strategy; Management team; Board of Directors; Portfolio; Investor Relations. The Tender Offer was made pursuant to the Tender Offer Statement on Schedule TO that the Company originally filed with the U.S. Securities and Exchange Commission on February 24, 2020. Financial Advisors and Retail Investors 877-628-8575. FS Investment does not have a long track record of dividend growth. FSIC II, which has been renamed FS KKR Capital Corp. II (the Fund), is now the second-largest business development company (BDC), with approximately $9 billion in assets as of December 31, 2019. On January 10, 2017 the company announced the results of four tender offers to buy back common stock from … Suspension of quarterly tender and distribution reinvestment plan • In light of the challenging market conditions and in an effort to retain capital, the Board approved the termination of the previously announced tender offer for the quarter ended March 31, 2020. Sold from 2009 to 2012 for a base price of $10 per share, FS Investment Corp. (FSIC) started trading two years later at $10.21. We seek to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies to achieve the best risk-adjusted returns for our investors. Thanks to a REIT-like structure, they offer investors very high yields—sometimes more than 10%—because they must pay out most of their profits as dividends. The FSIC III investment is a non-traded business development company (BDC).. Mackenzie Capital Management LP previously made a tender offer at $5.00/share. MacKenzie Capital Management, LP, an acknowledged leader in the real estate investment management business, utilizes an innovative approach to real estate securities, often seeing opportunities that others overlook. FS Credit Income Fund (the “Fund”) is offering to repurchase for cash up to 5 percent (5%) of the aggregate of its issued and outstanding Class A, Class I, Class T and Class U shares (“Shares”) of beneficial interest (such amount, the Corporation III (FSIC III), FS Investment Corporation IV (FSIC IV) and Corporate Capital Trust II (CCT II) (collectively the “Acquired Funds”) into FS Investment Corporation II (FSIC II). But when it … FS Investments, however, suspended its quarterly tender offers for a number of its BDC funds, including FSIC and CCT funds. Tender Offer Statement under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934 . Despite FS Investment Corporation II’s (“FSIC II”, or the “Company”) providing an estimated value of $8.31 a share, recent publicly-available information concerning pricing suggests a lower value, with secondary market transactions reportedly at prices of between $7.20 and $7.31 a share and a third-party tender offer being completed at $5.15 a share. FS Investments c/o SS&C Technologies, Inc. 430 W. 7th St. Kansas City, MO 64105 For delivery by regular mail: FS Investments c/o SS&C Technologies, Inc. P.O. Financial Advisors and Retail Investors 877-628-8575. As a result of this termination, no Shares will be purchased in the Tender Offer and all Shares previously tendered and not withdrawn will be promptly returned to tendering holders. Included in its investment programs are five BDCs (Business Development Companies) that invest in the credit of U.S. middle market companies. FS INVESTMENT CORPORATION II (Name of Subject Company (Issuer)) FS INVESTMENT CORPORATION II (Names of filing Persons (Offeror and Issuer)) Common Stock, Par Value $0.001 per share (Title of Class of Securities) 35952V 105 (CUSIP Number of Class of Securities) (Underlying Common Stock) Michael … The Offer. Tender Offer Statement under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934 . The dividend payout ratio of FS Investment is 91.57%. Additionally, Mackenzie Capital Partners LP initially made an unsolicited tender offer to purchase shares of FS KKR Capital Corp. II for $4.10 per share. Time has not been kind to the company ever since. FS Investment Solutions, LLC | 201 Rouse Boulevard | Philadelphia, Pennsylvania 19112 877-372-9880 | Member FINRA/SIPC The offer expires on August 10, 2018.The MacKenzie offer price is approximately 39 percent lower than FS Investment Corporation III’s most recent estimated NAV […] Wells Fargo will serve as sole dealer manager for the tender offer. FS Energy does trade in Secondary markets which have priced FS Energy recently as low as $5.12 per share based on a tender offer. Stay up to date on all the latest fund news from FS KKR Capital Corp. Search for: Home; About Us. Dividend Sustainability. Media (KKR) Kristi … Based in Orinda, California, MacKenzie Capital Management has specialized in the area of discounted real estate securities and asset management since its formation in 1982. If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment. The board of FS Energy and Power Fund just announced its plans to terminate the company’s quarterly tender offer and suspend the share repurchase program, citing difficult market conditions due to the coronavirus (COVID-19) pandemic and events relating to crude oil production as the reason for the changes. FS INVESTMENT CORPORATION III (Name of Subject Company (Issuer)) FS INVESTMENT CORPORATION III (Names of Filing Persons (Offeror and Issuer)) Common Stock, Par Value $0.001 per share (Title of Class of Securities) 30282X 103 (CUSIP Number of Class of Securities) Michael C. Forman . Media (FS Investments) Melanie Hemmert [email protected] 215-309-6843. Please Sign In and use this article's on page print button to print this article. These Reg D private placements are then typically sold by brokerage firms in exchange for a large up front commission, usually between 7-10%, as well as additional “due diligence fees” that can range from 1-3%. Download associated Investor Relations forms for CION Investment Corporation "CIC" and CION Ares Diversified Credit Fund "CADEX". Affiliates of MacKenzie Realty Capital Inc. have launched a tender offer to purchase up to 2.5 million shares of FS Investment Corporation III, a non-traded business development company, for $5.00 each. FSEP (FS Energy & Power Fund) investors have been having a rough time over the past few months after the losses that the investment company reported a $1.50/share loss for investors. Tender Offer Statement under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934 . • The Board also determined to suspend the Fund’s share repurchase program. There is some good news because an investigation has been launched to investigate the firm and lawyers from Haselkorn & Thibaut sided with investors to help them get justice. FS Investment Corporation III provides investment management services. Key facts.