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FS Investment Corporation II BDC Reports 2016 Financial Results

FS Investment Corporation II, a non-traded business development company, announced its operating results for the fourth quarter and full year of 2016.

Financial Highlights for the Fourth Quarter of 2016

• Net investment income of $0.20 per share, unchanged from the fourth quarter of 2015.

• Net increase (decrease) in net assets resulting from operations of $0.29 per share, compared to $(0.36) per share for the quarter ended December 31, 2015.

• Paid regular cash distributions to stockholders totaling approximately $0.19 per share.

Financial Highlights for 2016

• Net investment income of $0.79 per share, compared to $0.92 per share for the year ended December 31, 2015.

• Net increase (decrease) in net assets resulting from operations of $1.29 per share, compared to $(0.19) per share for the year ended December 31, 2015.

• Paid regular cash distributions to stockholders totaling approximately $0.75 per share.

Portfolio Highlights

• As of December 31, 2016, the fair value of FSIC II’s investment portfolio was approximately $4.5 billion.

• Committed approximately $570 million and $1.2 billion to direct originations during the quarter and year ended December 31, 2016, respectively, of which 95 percent and 90 percent were in senior secured debt (first and second lien senior secured loans and senior secured bonds), respectively.

• FSIC II’s portfolio consisted of investments in 138 portfolio companies as of December 31, 2016.

• Gross portfolio yield prior to leverage (based on amortized cost and excluding non-income producing assets) was 10.1 percent as of December 31, 2016, compared to 9.9 percent as of September 30, 2016.

FSIC II, a non-traded BDC sponsored by FS Investments – formerly Franklin Square, focuses primarily on investing in the debt securities of private companies throughout the United States. FSIC II is advised by FSIC II Advisor LLC, an affiliate of FS Investments, and is sub-advised by GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP. GSO, with approximately $93.3 billion in assets under management, is the credit platform of Blackstone, one of the world’s leading managers of alternative investments.

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