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Fs Kkr Capital Corp (FSK) SEC Filing 10-Q Quarterly Report for the period ending Thursday, June 30, 2022

SEC Filings

Fs Kkr Capital Corp

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CIK: 1551986 Ticker: FSK

Exhibit 99.1

 

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FS KKR Capital Corp. Announces Second Quarter 2022 Results,

Declares Total Third Quarter 2022 Distribution of $0.67 per share, and Increases Base Distribution to $0.61 per share

PHILADELPHIA, PA AND NEW YORK, NY – August 8, 2022 – FS KKR Capital Corp. (NYSE: FSK), today announced its financial and operating results for the quarter ended June 30, 2022, that its board of directors has declared a total third quarter 2022 distribution totaling $0.67 per share, and that the Company has increased its base distribution to $0.61 per share.

Financial and Operating Highlights for the Quarter Ended June 30, 2022(1)

 

  •  

Net investment income of $0.71 per share, compared to $0.77 per share for the quarter ended March 31, 2022

 

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Adjusted net investment income(2) of $0.67 per share, compared to $0.72 per share for the quarter ended March 31, 2022

 

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Net asset value of $26.41 per share, compared to $27.33 per share as of March 31, 2022

 

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Total net realized and unrealized loss of $0.96 per share, compared to a total net realized and unrealized gain of $0.02 per share for the quarter ended March 31, 2022

 

  •  

Adjusted net realized and unrealized loss(2) of $0.92 per share, compared to adjusted net realized and unrealized gain of $0.07 per share for the quarter ended March 31, 2022

 

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Total purchases of $804 million versus $906 million of sales and repayments, including $87 million of sales to its joint venture Credit Opportunities Partners JV, LLC

 

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Net debt to equity ratio(3) as of June 30, 2022 was 115%, compared to 112% as of March 31, 2022

 

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Paid cash distributions to stockholders totaling $0.68 per share(4)

“FSK delivered another strong quarter of results as our adjusted net investment income per share of $0.67 exceeded our public guidance of $0.65 per share,” said Michael C. Forman, Chief Executive Officer & Chairman. “As we look toward the second half of the year, we expect the Federal Reserve’s recent interest rate increases will have a positive effect on our net investment income as approximately 87% of our debt investments are floating rate structures. As a result, we are pleased to announce a total quarterly distribution of $0.67 per share, which includes an increased quarterly base distribution of $0.61 per share.”

Declaration of Distribution for Third Quarter 2022

FSK’s board of directors has declared a total cash distribution for the third quarter of $0.67 per share, consisting of a base distribution of $0.61 per share and a supplemental distribution of $0.06 per share, which will be paid on or about October 4, 2022 to stockholders of record as of the close of business on September 14, 2022.

 

1

The following information was filed by Fs Kkr Capital Corp (FSK) on Monday, August 8, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Fs Kkr Capital Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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Inside Fs Kkr Capital Corp's 10-Q Quarterly Report:

Material Contracts, Statements, Certifications & more

Fs Kkr Capital Corp provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Ticker: FSK
CIK: 1422183
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-22-021582
Submitted to the SEC: Mon Aug 08 2022 4:27:06 PM EST
Accepted by the SEC: Mon Aug 08 2022
Period: Thursday, June 30, 2022

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