FS Credit Income Fund Increases Distributions

FS Investments, a sponsor of alternative investment products, announced that FS Credit Income Fund has increased its distribution for all share classes.

The company says the increased distributions were effective with the payment of quarterly distributions on April 3, 2023.

The annualized distribution rate for Class I shares increased to 7.52% based on the net asset value per Class I share as of March 31, 2023, representing a 17% increase.

The annualized distribution rate for Class A shares increased to 7.31%, representing an 18% increase.

The annualized distribution rate for Class T shares increased to 7.02%, representing a 19% increase.

The annualized distribution rate for Class U shares increased to 6.80%, representing a 20% increase.

The annualized distribution rate for Class U-2 shares increased to 7.04%, representing a 20% increase.

“The higher interest rate environment, coupled with the fund’s continued strong fundamental performance, has driven our ability to increase the distribution for shareholders,” said Michael Forman, chairman and chief executive officer of FS Investments. “Amid challenging market conditions, we believe the [f]und offers a compelling investment opportunity given its flexibility to adjust asset allocations and strategy across economic cycles.”

FS Credit Income Fund is an alternative credit strategy sub-advised by GoldenTree Asset Management, an employee-owned asset management firm with nearly $50 billion in assets under management.

FS Investments was founded in 2007 and manages a suite of alternative strategies including private credit, real estate credit, opportunistic credit, structured credit, liquid credit and liquid alternatives across a variety of fund structures including business development companies, non-traded REITs and interval, closed-end and mutual funds.

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