Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. $69M / 5.0x. As of Sep 30, 2020, the combined companies' investment portfolio comprised about 72% of senior secured debt investments, on a pro forma basis. Additionally, the look back provision in the advisory agreement will be removed. FSK II was formed from the December 2019 merger of four non-traded BDCs including FS Investment Corporation II, FS Investment Corporation III, FS Investment Corporation … IHT Wealth Management LLC lifted its holdings in shares of FS KKR Capital Corp. II (NASDAQ:FSKR) by 13.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. Michael Forman, chairman and chief executive officer (CEO) of both companies, said, "The merger of FSK and FSKR represents a significant step toward our long-term strategic goal of creating a premier middle-market lending franchise and industry leading BDC. U.S. Household Net Worth Hits Record High: 5 Top Picks, PFP 12/15: Stocks Close Mixed, Remain Near All-Time Highs, Top Stock Picks for the Week of December 14, 2020, Vaccines Get to America, but Congressional Relief Lacking. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. If you don't buy now, you may kick yourself in 2021.Click here for the 6 trades >>, Ares Capital Corporation (ARCC) - free report >>, FS KKR Capital Corp. (FSK) - free report >>, FS KKR Capital Corp. II (FSKR) - free report >>. These returns cover a period from January 1, 1988 through October 5, 2020. FS/KKR Advisor announces merger of FS KKR Capital Corp. and FS KKR Capital Corp. II. FS KKR Capital Corp. II (FSK II), a non-traded business development company, has commenced the final steps to prepare for listing on the New York Stock Exchange next month. NYSE and AMEX data is at least 20 minutes delayed. We seek to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies to achieve the best risk-adjusted returns for our investors. Dec 01, 2020 2:05 PM ET. Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. FS KKR Capital Corp. II (NYSE: FSKR) is a publicly traded BDC focused on providing customized credit solutions to private middle market U.S. companies. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. There can be no assurance as to the amount or timing of any such future distributions. FS KKR Capital Corp. II (NYSE: FSKR) is a publicly traded BDC focused on providing customized credit solutions to private middle market U.S. companies. Get the latest FS KKR Capital Corp. II FSKR detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Delayed quotes by Sungard. SHAREHOLDER ALERT: WeissLaw LLP Investigates FS KKR Capital Corp. II. This will be partially offset by the risks to creditors from slightly higher secured debt reliance and encumbered assets. Visit www.zacksdata.com to get our data and content for your mobile app or website. ET on Zacks.com FS KKR Capital Corp. II (FSKR) Receives a Sell from Wells Fargo Since 1988 it has more than doubled the S&P 500 with an average gain of +24.41% per year. FS KKR Capital Corp. II, formerly known as FS Investment Corp II, is a business development company specializing in investments in floating rate, senior secured loans-first lien and second line, senior … Visit performance for information about the performance numbers displayed above. We seek to invest primarily in … FS KKR Capital Corp. II (NASDAQ:FSKR) Dividend Information FS KKR Capital Corp. II pays an annual dividend of $2.20 per share, with a dividend yield of 12.56%. Before the merger is closed, FS/KKR Advisor currently expects both FS KKR Capital Corp. and FS KKR Capital Corp. II to continue with quarterly distributions, subject to board approval. The combined entity, named FS KKR Capital Corp. II, becomes the nation’s second largest business development company (BDC) with over $9.5 billion in assets and 210 portfolio companies … FS KKR Capital Corp. II is a private equity fund, which engages in the investment in public and private middle market companies. The combination will also result in reduced overall expenses and a stronger dividend profile.". The waiver will be spread evenly over the first six quarters following the closing. Fractional shares will be paid in the form of cash. Nevertheless, the outlook remains negative for the company. Portfolio | FS KKR Capital Corp. II Portfolio highlights. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. Following the merger, FS KKR Capital Corp. will be the surviving entity and FS/KKR Advisor will continue to manage its operations. FS KKR Capital Corp. II (NYSE: FSKR) is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. … See its 7 best stocks FREE. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of FS KKR Capital Corp. II … Besides, FS/KKR Advisor will waive incentive fees worth $90 million. We seek to continue to build on the strong investment expertise and sourcing networks of KKR Credit and FS Investments, the joint operators of our investment adviser, and adhere to an investment approach that emphasizes strong fundamental credit analysis and rigorous portfolio monitoring. Following the announcement, Moody's Investors Service has affirmed the long-term issuer and senior unsecured ratings of FS KKR Capital Corp. at Baa3. The Company is a business development company. FSIC II, which has been renamed FS KKR Capital Corp. II (the Fund), is now the second-largest business development company (BDC), with approximately $9 billion in assets as of December 31, 2019. FS KKR Capital Corp. II operates as a specialty finance company that invests in the debt securities of private companies. Further, the board of FS KKR Capital Corp. has approved a change in the advisory agreement of the combined entity. The transaction is expected to close during the second or third … The combined company will have a well-diversified investment portfolio and enhanced access to the investment grade debt markets. Zacks Ranks stocks can, and often do, change throughout the month. The combined BDC behemoth is likely to enjoy synergistic benefits and enhanced access to capital. Non-traded Business Development Companies (“BDCs”) FS Investment Corporation II (FSIC II), FS Investment Corporation III (FSIC III), FS Investment Corporation IV (FSIC IV) and Corporate … NASDAQ data is at least 15 minutes delayed. FSKR seeks to invest primarily in … The merger was announced by FS/KKR Advisor, LLC, a partnership between FS Investments and KKR & Co. Inc.’s (KKR Quick QuoteKKR - Free Report) subsidiary, KKR Credit Advisors. November 25, 2020, ARCC Quick QuoteARCC KKR Quick QuoteKKR FSK Quick QuoteFSK FSKR Quick QuoteFSKR. As of Sep 30, 2020, its investment portfolio will comprise 216 investments across 23 industries. Stay up-to-date on news about FS KKR Capital Corp. II. We use cookies to understand how you use our site and to improve your experience. FS KKR Capital Corp. II (NYSE: FSKR) is a publicly traded BDC focused on providing customized credit solutions to private middle market U.S. companies. FS KKR Capital Corp. II (NYSE:FSKR) declared a quarterly dividend on Monday, November 9th, Zacks reports. For 32 years, our Strong Buy list has averaged returns more than twice the market. With the merger conclusion, the combined entity will reduce its income incentive fee to 17.5% from the present 20%, while the hurdle rate will remain at 7%. Currently, both FS KKR Capital Corp. and FS KKR Capital Corp. II carry a Zacks Rank #3 (Hold). 26%. FS KKR Capital Corp. II (NYSE: FSKR), a leading publicly traded business development company focused on providing customized credit solutions to private middle market U.S. companies, … Franklin Square’s FS KKR Capital Corp. II (FSKR) According to its website, FS KKR Capital Corp. II, a publicly traded BDC, is focused on providing customized credit solutions to private middle … The deal is likely to close during the second or third quarter of 2021. The combined entity is expected to create one of the largest business development companies (BDC) in the country. The … ZacksTrade and Zacks.com are separate companies. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. FS KKR Capital Corp. FSK and FS KKR Capital Corp. II FSKR recently entered into a definitive merger agreement to form a combined entity. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. On a pro forma basis, as of Sep 30, 2020, it will have $14.9 billion in assets under management, $7.2 billion in net asset value and more than $3 billion of committed capital, second only to Ares Capital Corporation (ARCC Quick QuoteARCC - Free Report) . Portfolio companies 1. View FS KKR Capital Corp. II FSKR investment & stock information. 1 The timing and amount of any future distributions on FSK’s shares of common stock are subject to applicable legal restrictions and the sole discretion of its board of directors. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 77%. Get the latest market performance data for the FS KKR Capital Corp stock (Ticker: FSK) on the New York Stock Exchange. Also, reduced duplication of function is expected to result in about $5 million of annual synergies in the near term. The board of directors of FS KKR Capital Corp. and FS KKR Capital Corp. II have unanimously approved the merger. The transaction, already approved by the boards of both companies, is still subject to shareholders’ approval. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Zacks Equity Research FS KKR Capital Corp (FSK), FS KKR Capital Corp II (FSKR) to Merge Nov. 25, 2020 at 10:00 a.m. Of investments in senior secured debt 2. FS KKR Capital Corp. (FSK Quick QuoteFSK - Free Report) and FS KKR Capital Corp. II (FSKR Quick QuoteFSKR - Free Report) recently entered into a definitive merger agreement to form a combined entity. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Real time prices by BATS. The rating agency believes that the effects of the proposed merger will be "balance credit neutral" for FS KKR Capital Corp., with positive impact on the pro-forma debt-to-equity leverage, investment portfolio diversity and earnings power. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. FSKR's next quarterly dividend payment … It could become the mother of all technological revolutions. WeissLaw LLP is investigating possible … Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. FSKR … The fund owned 40,103 shares of the company… FS KKR Capital Corp II (FSKR) to be merged with FS KKR Capital Corp (FSK) in order to create a combined BDC firm that will likely result in solid operating efficiencies and cost synergies. Median portfolio company … FS KKR Capital Corp. II operates as a specialty finance company that invests in the debt securities of private companies. Legal Newswire POWERED BY LAW.COM . In the past six months, shares of FS KKR Capital Corp. and FS KKR Capital Corp. II have appreciated 19.6% and 17.2%, respectively, compared with the 17.1% rally of the industry it belongs to. If you wish to go to ZacksTrade, click OK. As previously announced, the board of directors of FS KKR Capital Corp. (FSK) approved the declaration and payment of regular cash distributions to FSK’s stockholders on a quarterly rather than monthly … If you do not, click Cancel. Following the announcement, shares of FS KKR Capital Corp. and FS KKR Capital Corp. II gained 1.2% and 5.8%, respectively, during Tuesday's trading session. Per the terms of the agreement, shareholders of FS KKR Capital Corp. II will receive FS KKR Capital Corp shares in proportion of the NAV of the FS KKR Capital Corp. II shares held. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. The monthly returns are then compounded to arrive at the annual return. View the latest FS KKR Capital Corp. II (FSKR) stock price, news, historical charts, analyst ratings and financial information from WSJ. 160. The combined company will continue with its investment focus primarily on senior secured debt investments. A recent pick, Maxar, skyrocketed +178.7% in 3 months. The combination is likely to accrue benefits for both companies in terms of increased balance-sheet size, scale, cost synergies, liquidity and visibility. It will also likely witness efficiency of operations with streamlining of processes and enhanced earnings capability. FS/KKR Advisor, LLC (FS/KKR) is a partnership between FS Investments and KKR Credit that serves as the investment adviser to BDCs with approximately $15 billion in assets under management as of September 30, 2020. Concentration in top 10 portfolio companies 2. This includes personalizing content and advertising. Investors of record on Wednesday, December 16th will be given a dividend of 0.55 per share … FS KKR Capital Corp. II is an externally managed, non-diversified, closed-end management investment company. About FS KKR Capital Corp. II FS KKR Capital Corp. II (NYSE: FSKR) is a publicly traded BDC focused on providing customized credit solutions to private middle market U.S. companies. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. The merger was announced by FS/KKR … Privacy Policy | No cost, no obligation to buy anything ever. The BDCs managed by FS/KKR are FSK and FS KKR Capital Corp. II … Furthermore, a larger balance sheet is likely to lead to improved access to the capital markets. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. NEW YORK, Nov. 25, 2020 /PRNewswire/ --. To learn more, click here. Corporate governance | FS KKR Capital Corp. Events + presentations | FS KKR Capital Corp. Stock information | FS KKR Capital Corp. Analyst coverage | FS KKR Capital Corp. II, Corporate governance | FS KKR Capital Corp. II, Dividend history | FS KKR Capital Corp. II, Events + presentations | FS KKR Capital Corp. II, Leverage notice | FS KKR Capital Corp. II, Stock information | FS KKR Capital Corp. II, Tax information | FS KKR Capital Corp. II. FS/KKR Advisor announces merger of FS KKR Capital Corp. and FS KKR Capital Corp. II as of September 30, 2020 and based on fair value unless otherwise noted.
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