FS Specialty Lending Fund (FSSL) To Go Ex-Dividend on May 21st

FS Specialty Lending Fund (NYSE:FSSL) announced a monthly dividend on Thursday, May 7th. Investors of record on Thursday, May 21st will be paid a dividend of 0.1375 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date of this dividend is Thursday, May 21st.

FS Specialty Lending Fund Trading Up 0.7%

Shares of FSSL stock opened at $11.87 on Friday. FS Specialty Lending Fund has a 52-week low of $11.00 and a 52-week high of $15.00. The stock has a fifty day simple moving average of $12.30.

Insider Activity

In other news, Director Richard I. Goldstein bought 10,000 shares of FS Specialty Lending Fund stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average price of $11.92 per share, with a total value of $119,200.00. Following the completion of the purchase, the director directly owned 20,000 shares in the company, valued at $238,400. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Independent Financial Group LLC bought a new position in FS Specialty Lending Fund in the first quarter valued at $3,175,000. Riverbridge Partners LLC increased its stake in FS Specialty Lending Fund by 8.1% in the first quarter. Riverbridge Partners LLC now owns 158,283 shares of the company’s stock valued at $1,980,000 after acquiring an additional 11,860 shares during the last quarter. TrueMark Investments LLC increased its stake in FS Specialty Lending Fund by 127.4% in the first quarter. TrueMark Investments LLC now owns 67,304 shares of the company’s stock valued at $842,000 after acquiring an additional 37,706 shares during the last quarter. Absolute Investment Advisers LLC bought a new position in FS Specialty Lending Fund in the first quarter valued at $834,000. Finally, Intrua Financial LLC increased its stake in FS Specialty Lending Fund by 19.7% in the first quarter. Intrua Financial LLC now owns 51,319 shares of the company’s stock valued at $642,000 after acquiring an additional 8,463 shares during the last quarter.

FS Specialty Lending Fund, Inc (NYSE: FSSL) is a publicly listed, closed-end management investment company that provides investors with exposure to specialty finance and private credit markets. The fund seeks to generate current income and long?term capital appreciation primarily through investments in credit instruments, with a focus on lending strategies that complement traditional fixed?income allocations. It is sponsored and managed by an adviser affiliated with FS Investments.

The fund’s investment activities typically include originating, acquiring, and managing a diversified portfolio of debt instruments such as senior secured loans, subordinated debt, mezzanine financing, and other specialty finance products.