Strong Liquidity Position
FSK ended the quarter with approximately $3.2 billion of available liquidity, providing a solid foundation for future activities.
Higher Than Expected Net Investment Income
FSK generated net investment income totaling $0.67 per share and adjusted net investment income totaling $0.65 per share, exceeding public guidance of approximately $0.66 and $0.64 per share, respectively.
Successful Origination Activity
FSK originated approximately $2 billion of new investments during the first quarter, marking the strongest origination quarter since 2022.
Stable Distribution Plan
FSK's Board declared a second quarter distribution of $0.70 per share, maintaining a steady income stream for investors.
Improved Non-Accruals
Non-accruals represented 3.5% of the portfolio on a cost basis and 2.1% on a fair value basis, showing improvement from the previous quarter.