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FS Investment Corporation IV Reports Second Quarter 2017 Financial Results

FS Investment Corporation IV, a publicly registered non-traded business development company, announced its operating results for the second quarter of 2017.

Financial Highlights for the Quarter Ended June 30, 2017

• Net investment income of $0.04 per share, compared to $(0.12) per share for the second quarter of 2016.

• Net increase in net assets resulting from operations of $0.19 per share, compared to $0.08 per share for the second quarter of 2016

• Paid cash distributions to stockholders totaling approximately $0.20 per share.

Portfolio Highlights as of June 30, 2017

• The fair value of FSIC IV’s investment portfolio was approximately $201.6 million.

• Committed approximately $7.4 million to direct originations during the quarter ended June 30, 2017, all of which was in first lien senior secured loans.

• FSIC IV’s portfolio consisted of investments in 44 portfolio companies.

• Core investment strategies represented 70 percent of the portfolio by fair value, including 37 percent in direct originations and 33 percent in opportunistic investments. Broadly syndicated/other investments represented 30 percent of the portfolio by fair value.

• Gross portfolio yield prior to leverage (based on amortized cost and excluding non-income producing assets) was 8.9 percent, compared to 9.3 percent as of December 31, 2016.

Quarterly Stockholder Conference Call

FSIC IV will host a conference call at 11:00 a.m. (Eastern Time) on Wednesday, August 16, 2017, to discuss its second quarter 2017 results. Interested parties can access the conference call by dialing (877) 443-2408 and using conference ID 44301923 approximately 10 minutes prior to the call.

A replay of the call will be available for 30 days on FSIC IV’s web page.

FSIC IV is sponsored by FS Investments, formerly Franklin Square Capital Partners, and focuses primarily on investing in the debt securities of private companies throughout the United States. The company is advised by FSIC IV 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). GSO, with approximately $94.5 billion in assets under management, is the credit platform of Blackstone, one of the world’s leading managers of alternative investments.

For more FS Investments news, visit their directory page here.