FS KKR Capital Corp. (FSK) Announces Effectiveness of 4-to-1 Reverse Stock Split Article Related Press Releases ( 1 ) Stock Quotes (2) Comments (0) FREE Breaking News Alerts from StreetInsider.com! For shareholders who hold shares at a custodian with brokerage (such as LPL Financial, Ameriprise Financial, Schwab, TD Ameritrade, Pershing and NFS), On June 17, 2020, shares of FSKR’s common stock began trading on the New York ... (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 June 30, 2020. PHILADELPHIA, June 5, 2020 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK), a leading publicly traded business development company focused on providing customized credit solutions to … A free inside look at company reviews and salaries posted anonymously by employees. In a 1-for-3 split, you end up with one share for every three you own… FS KKR Capital Expects Reverse Stock Split To Be Effective For Trading Purposes On June 16 FS KKR Capital Reports Quarterly Net Investment Income Of $0.19 Per Share Notably, the company enacted a 4-to-1 reverse stock split on June 10, 2020. The number of new shares you get is in direct proportion to how many you owned before, but the number itself will be smaller. On June 19, 2020, FSKR shares were listed on the New York Stock Exchange. In a 1-for-2 reverse split, for example, you would come out of the split owning one share for every two you owned previously. If you are concerned about your investment losses in FS KKR Capital Corp. II, please call the securities attorneys of The White Law Group. PHILADELPHIA, June 5, 2020 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK), a leading publicly traded business development company focused on providing customized credit solutions to private middle market U.S. companies, announced that it expects to implement a reverse stock split, to be effective on or around June 15, 2020, which was approved by the board of directors of the Company on May 26, … If an investor owns 1,000 shares each worth $1 before a one-for-10 reverse stock split, the investor would end up holding 100 shares worth $10 each after the split. The outstanding shares and net asset value per common share reflect the Reverse Stock Split on a retroactive basis. So, your total shares are worth $200 (100 x $2 each). https://thediwire.com/fs-kkr-capital-corp-ii-to-list-on-the-nyse-next-month-announces-reverse-stock-split/ May 28, 2020 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. As previously announced, the company’s FSKR Board of Directors approved a share buyback program at the end of May 2020. Historical shares outstanding, net asset value per share adjusted to reflect the 1-for-4 reverse share split on a retroactive basis. About FS/KKR Advisor, LLC FS/KKR Advisor, LLC is a partnership between FS Investments and KKR Credit that serves as the investment adviser to BDCs with approximately $15.6 billion in assets under management as of March 31, 2020. FS KKR Capital Corp. (FSK - Free Report) expects to implement a reverse stock split, approved by the board of directors on May 26, on or around June 15. After a reverse stock split, CCT listed a year ago, hit a high of $19 per share and on Monday finished the day at $14.03 per share, a decline of 26.2% from its high. 1 On January 4, 2018, there was a 1-for-4 reverse share split. (5) See Note 5 for a discussion of the sources of distributions paid by the Company. MENU. What is a Reverse Stock Split? (4) As discussed in Note 3, the Company completed a Reverse Stock Split, ef fective as of June 10, 2020. If average daily net assets are greater than $1,000,000,000 According to the company, it enacted a 4-to-1 reverse stock split. According to the company, it enacted a 4-to-1 reverse stock split. FS/KKR Advisor, LLC is a partnership between FS Investments and KKR Credit that serves as the investment adviser to BDCs with approximately $15.6 billion in assets under management as of March 31, 2020. Not only that, but FS KKR Capital Corp II was reportedly targeted by Mackenzie Capital Partners LP who made a tender offer to buy the company’s shares for as little as $1.50 per share. Simply put, reverse stock splits occur when a company decides to reduce the number of its shares that are publicly traded. The reverse stock split will become effective before the market open on June 16, 2020. FS KKR Capital Corporation(FSK) has announced a 1-for-4 reverse stock split. An investment in any fund sponsored by FS Investments involves a high degree of risk and may be considered speculative. The company’s net asset value per share, adjusted for the reverse stock split, would be $24.68, according to the filing. 2 Management fee is 0.60% per year on average daily net assets of $1,000,000,000 or less. If you owned 1,200 shares, for example, then you would wind up with 600 shares. The BDCs managed by FS/KKR Advisor, LLC are FS KKR Capital Corp. (NYSE: FSK) and FS KKR Capital Corp. II (NYSE: FSKR). Shortly before FSKR became public, it approved a 4:1 reverse stock split and continued to decrease in value after shares began trading on the open market. Share and per share amounts have been adjusted on a retroactive basis to reflect FSK's 4 to 1 reverse split of its shares of common stock (the Reverse Stock Split), which became effective on … Investors are advised to consider the investment objectives, risks, and charges and expenses of the applicable fund carefully before investing. Investors are frustrated and often times left to fend for themselves in trying to decipher what happened to their FSKR stock (and other similar investments). The BDCs managed by FS/KKR Advisor, LLC are FS KKR Capital Corp. (NYSE: FSK) and FS KKR Capital Corp. II (NYSE: FSKR). If Cute Dogs decides to do a 1:2 reverse split, that means you will now own 50 shares, … As a result of the reverse stock split, each FSK Common Share will be converted into the right to receive 0.25 (New) FS KKR Capital Corporation Common Shares. About FS/KKR Advisor, LLC. As of June 30, 2019, shares of FSKR equaled $12.87. List of Stock Splits in this Slideshow: Ticker Stock Split Announced Record Date Pay Date Optionable CCCL 1 for 3 9/2/2020 9/2/2020 9/3/2020 No BIOC 1 for 10 9/4/2020 9/8/2020 9/8/2020 No EGLE 1 for 7 9/14/2020 9/14/2020 9/15/2020 Yes SVB.CA 1 for 8 9/15/2020 9/17/2020 9/18/2020 No RUSHA 3 for 2 9/15/2020 9/28/2020 10/12/2020 Yes RUSHB 3 for 2 9/15/2020 9/28/2020 10/12/2020 No CXSE 2 for 1 … Reverse Stock Split). 47 FS Investments reviews. Apparently, its outstanding shares dropped from 691,200,000 to 172,900,000 as a result. CONTRACT ADJUSTMENT FSK II was formed from the December 2019 merger of four non-traded BDCs including FS Investment … Securities Litigation. For example, let’s say you own 100 shares in Cute Dogs USA, and they are trading at $2 per share each. In a reverse split, a company cancels all of its outstanding stock and distributes new shares to its stockholders. FS KKR Capital Corp. II intends to list its common shares on the New York Stock Exchange on or about June 17, 2020. Mike is a well-known, highly respected professional, both in Washington, D.C. and the financial services industry, and brings a wealth of knowledge and political expertise to Wells Fargo.” 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.

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