Wed, Aug 14, 6:59 PM (153 days ago)
For the quarter ended June 30, 2024, FS Specialty Lending Fund reported a net increase in net assets of $41,474, compared to a net loss of $24,651 in the same period last year. Total investment income rose to $50,286, driven by a significant increase in interest income, particularly from non-controlled/unaffiliated investments. Operating expenses also increased, primarily due to management fees and interest expenses, totaling $22,029. The fund's total assets decreased slightly to $2,040,553, with liabilities totaling $459,909, leading to a net asset value per share of $3.47, up from $3.43 at year-end. The investment portfolio's fair value grew to $1,646,505, with a notable shift towards senior secured loans, reflecting the fund's transition to a diversified credit strategy away from energy investments. Cash and cash equivalents decreased to $316,020, while shareholder distributions increased to $40,996 for the period. The fund continues to face uncertainties related to economic conditions and the transition in its investment strategy, impacting future operations and performance.