FSGCO announces reorganization plan
On October 12, 2020, the Boards of Trustees of FSGCO-A, FSGCO-D, FSGCO-T, FSGCO-T2 and FSGCO-ADV
(the Feeder Funds) and FSGCO (the Master Fund) approved a plan of reorganization in which the Feeder Funds
will merge into the Master Fund.
- The reorganization is currently expected to occur on or about December 1, 2020 and will not change the manner in which FSGCO is managed
- Shareholders of FSGCO–A, FSGCO–D, FSGCO–T, FSGCO–T2 and FSGCO–ADV will receive equal value in shares of FSGCO based on each fund’s net asset value immediately prior to the reorganization and following the payment of any special distributions.
- We do not currently expect the payment of distributions to be interrupted.
- In connection with the reorganization FSGCO–A, FSGCO–D, FSGCO–T, FSGCO–T2 and FSGCO–ADV have terminated their share repurchase program from Q4 2020. The Master Fund has adopted a share repurchase program that is substantially similar to the share repurchase programs that were historically in place for the Feeder Funds. We currently expect FSGCO to conduct its first tender offer in Q1 2021.
The following resources have been prepared to help address questions you may have:
Fund update webinar
Wednesday, December 9, 2020
CONFIDENTIAL. FOR ADVISOR USE ONLY. NOT FOR INVESTOR USE.
An investment in FS Global Credit Opportunities Fund involves a high degree of risk and may be considered speculative. Investors are advised to consider the investment objectives, risks, charges and expenses of FSGCO carefully. Investors should read and carefully consider all information found in FSGCO’s reports filed with the U.S. Securities and Exchange Commission. FSGCO closed to new investors in October 2017.