Generate current income and, to a lesser extent, long-term capital appreciation
FSIC II is a business development company (BDC) designed to provide a high level of current income. The fund primarily invests in floating rate, senior secured loans of private U.S. middle market companies.
FS/KKR Advisor, LLC
Fund materials
| STOCKHOLDER RETURNS 1 As of 9/30/2019 | YTD | 1 YR | 3 YRS | 5 YRS |
SINCE INCEPTION 6/18/2012 |
CUMULATIVE TOTAL RETURN since inception* |
CUMULATIVE TOTAL RETURN since inception* (with sales charge) 2 |
CUMULATIVE CASH DISTRIBUTIONS PER SHARE since inception 3 |
|---|---|---|---|---|---|---|---|---|
| FSIC II | 3.3% | 1.4% | 4.5% | 4.4% | 6.5% | 58.7% | 42.9% | $5.38 |
FSIC II’s Stockholder Returns (Without Sales Charge) are the total returns an investor received for the highlighted period taking into account all distributions paid during such period, compounded monthly. Except for the YTD, 1-year, 3-year and 5-year periods, the calculation assumes that the investor purchased shares at FSIC II’s public offering price, excluding selling commissions and dealer manager fees, at the beginning of the applicable period and reinvested all cash distributions pursuant to FSIC II’s distribution reinvestment plan (“DRP”). Since FSIC II closed its public offering in March 2014 and has since issued new shares only pursuant to its DRP, the calculation of FSIC II’s Stockholder Returns (Without Sales Charge) for the YTD, 1-year, 3-year and 5-year periods assumes that the investor purchased shares at the beginning of the applicable period at a price based upon FSIC II’s DRP on such date. Valuation as of the end of each period is FSIC II’s distribution reinvestment price on such date, which also equals the redemption price pursuant to FSIC II’s share repurchase program for such dates the share repurchase program was in effect. Stockholder Returns (Without Sales Charge) do not include selling commissions and dealer manager fees, which could total up to 10% of FSIC II’s public offering price. Had such selling commissions and dealer manager fees been included, performance would be lower. Upon liquidation or redemption, market conditions may cause the actual values to be more or less than the values shown.
FSIC II is closed to new investors. FSIC II’s total expenses as a percentage to average net assets attributable to common stock was 8.12% for the twelve months ended December 31, 2018.
An investment in the common stock of FSIC II involves a high degree of risk and may be considered speculative. The following are some of the risks an investment in FSIC II’s common stock involves; however, you should carefully consider all of the information found in FSIC II’s annual report on Form 10-K and other periodic reports filed with the SEC before deciding to invest in shares of FSIC II’s common stock.
