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Stock impact report

FSEN Converts To FSSL, The Next Alpha Opportunity [Seeking Alpha]

FS Specialty Lending Fund Common Shares of Beneficial Interest (FSSL) 
Company Research Source: Seeking Alpha
FSSL has transitioned from an energy-focused, underperforming BDC to a portfolio of 84% floating-rate, 90% senior secured loans, with minimal interest rate risk and a 0.5-year duration. Management has cut fees, reduced non-accruals to 0.8%, and targets a competitive 9.0%-9.5% NAV yield, translating to a 12.3% yield at current prices. I recommend a starter-to-moderate position, especially for investors seeking high income and willing to swap out existing high-yield holdings. Douglas Rissing/iStock via Getty Images (This idea was brought to members of Yield Hunting on Nov 23rd). History of the Fund The Future Standard Specialty Lending Fund ( FSSL ) was formerly known as the FS Energy and Power Fund (FSEP). It is More on my IG service Our Yield Hunting marketplace service is currently offering, for a limited time only, free trials and 20% off the introductory rate. Our member community is fairly unique focused primarily on constructing portfolios geared towards income Show less Read more
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