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Stock impact report

FS KKR Capital: NAV Discount Reflects Hidden Portfolio Risks [Seeking Alpha]

FS KKR Capital Corp. (FSK) 
Last fs kkr capital corp. earnings: 2/27 04:15 pm Check Earnings Report
Company Research Source: Seeking Alpha
A high proportion of Level 3 assets makes NAV pricing less reliable than it appears. The JV introduces hidden leverage on top of an already leveraged BDC structure. Net investment income has operating leverage that will become more visible as rates fall and debt is refinanced. The dividend is likely safe at the base level, but upside is limited relative to risk. Torsten Asmus/iStock via Getty Images FS KKR Capital Corp ( FSK ) is down 33% YTD from $21.72 to $14.51 and now has a listed forward yield of around 20% with a deep discount to NAV. For this reason, it's on many investors' radars. Despite the setup, I This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no busines Show less Read more
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