FS Credit Opportunities (FSCO)
Invests across public and private credit markets through a listed closed-end fund.
Why FSCO's ~30% Discount Looks More Fear Than Fact
FS Credit Opportunities Corp (FSCO) is rated a Buy due to its significant ~30% discount to NAV, which already prices in substantial caution. FSCO's portfolio remains resilient, with ~82% first lien loans, ~88% senior secured debt, and only ~8% software exposure, dispersing risk across ~100 names. The recent dividend cut reflects lower rates, not credit distress; forward yield remains attractive at ~13.9%, with coverage likely to improve as cash is deployed.
FSCO: A 30% Discount That Hides A Growing Credit Problem
FS Credit Opportunities trades at a 30% discount to NAV, reflecting market skepticism about its opaque, private credit-heavy portfolio. FSCO's non-accruals have risen from 3% to 4.8%, and 22% of investment income is PIK, raising concerns about credit quality and the sustainability of distributions. The fund recently cut its monthly distribution by 14%, signaling management's anticipation of further portfolio stress and the need for lower NAV earnings requirements.
FSCO: The Distribution Cut May Have Created A 14%-Yielding Opportunity
FS Credit Opportunities Corp. offers a ~14% yield and trades at a steep 30% discount to NAV, creating a compelling risk/reward for yield-seeking investors. FSCO's March distribution cut is now fully covered by net investment income on a tax basis, with most assets in first-lien, senior secured loans. Despite a resilient NAV, FSCO's share price has lagged, widening the discount and offering potential capital appreciation if the gap narrows toward historical levels.
FS Credit Opportunities Corp. (FSCO) Declares Distribution for August 2026
PHILADELPHIA, Aug. 11, 2026 /PRNewswire/ -- The Board of Directors of FS Credit Opportunities Corp. (the Fund) (NYSE: FSCO) today announced the monthly distribution for August 2026. The distribution of $0.0594 per share will be paid on August 31, 2026.
FSCO Announces Earnings Release and Conference Call Schedule for Second Quarter 2026
PHILADELPHIA, Aug. 5, 2026 /PRNewswire/ -- FS Credit Opportunities Corp. (NYSE: FSCO) today announced that it will release its financial results for the second quarter ended June 30, 2026, on Tuesday, August 25, 2026, after the market close. The Company will also post an earnings presentation with financial information, which will be accessible after the market close on Tuesday, August 25, 2026, on the FSCO website under the Investor Relations section at: https://www.fsco.futurestandard.com/fund-information#investor-relations.
FS Credit Opportunities Corp. (FSCO) Declares Distribution for July 2026
PHILADELPHIA, July 8, 2026 /PRNewswire/ -- The Board of Directors of FS Credit Opportunities Corp. (the Fund) (NYSE: FSCO) announced the monthly distribution for July 2026. The distribution of $0.0583 per share will be paid on July 31, 2026.
FS Credit Opportunities Corp. (FSCO) Declares Distribution for June 2026
PHILADELPHIA, June 9, 2026 /PRNewswire/ -- The Board of Directors of FS Credit Opportunities Corp. (the Fund) (NYSE: FSCO) announced the monthly distribution for June 2026. The distribution of $0.0583 per share will be paid on June 30, 2026.
FSCO: Still Far Away From A Durable Income Buy
FSCO: Still Far Away From A Durable Income Buy
This $10 Million Bet Signals Confidence in Private Credit Despite Market Pressure
FS Credit Opportunities Corp. targets income with a high dividend yield and a diversified mix of global credit and event-driven investments.
FS Credit Opportunities Corp. (FSCO) Declares Distribution for May 2026
PHILADELPHIA, May 7, 2026 /PRNewswire/ -- The Board of Directors of FS Credit Opportunities Corp. (the Fund) (NYSE: FSCO) announced the monthly distribution for May 2026. The distribution of $0.0583 per share will be paid on May 29, 2026.
FSCO Announces Earnings Release and Conference Call Schedule for First Quarter 2026
PHILADELPHIA, April 28, 2026 /PRNewswire/ -- FS Credit Opportunities Corp. (NYSE: FSCO) today announced that it will release its financial results for the first quarter ended March 31, 2026, on Tuesday, May 26, 2026, after the market close. The Company will also post an earnings presentation with financial information, which will be accessible after the market close on Tuesday, May 26, 2026, on the FSCO website under the Investor Relations section at: https://www.fsco.futurestandard.com/fund-information#investor-relations.
FSCO: The Worst Is Over, Time To Buy (Rating Upgrade)
FS Credit Opportunities is upgraded to a buy as it trades at a 27% discount to NAV, offering a 13.5% yield. FSCO's portfolio is defensively positioned with minimal software exposure and heavy allocation to senior secured loans. Management has reduced debt from $453M to $285M and built a record $403M cash buffer, enhancing resilience.
FSCO: PIK's Are The Industry Default Mechanism - Strong Sell
FS Credit Opportunities Corp. (FSCO) is rated Strong Sell due to deteriorating credit quality and excessive reliance on payment-in-kind (PIK) income. FSCO trades at a 30% discount to NAV, but this is overshadowed by 22% of income being PIK, triple the industry average. The largest credit position, TCFIII Owl Finance (4.45% of NAV), pays zero cash interest, signaling heightened credit risk.
FS Credit Opportunities Corp. (FSCO) Declares Distribution for April 2026
PHILADELPHIA, April 6, 2026 /PRNewswire/ -- The Board of Directors of FS Credit Opportunities Corp. (the Fund) (NYSE: FSCO) announced the monthly distribution for April 2026. The distribution of $0.0583 per share will be paid on April 30, 2026.
FS Credit Opportunities Corp. (FSCO) Declares Distribution for March 2026
PHILADELPHIA, March 5, 2026 /PRNewswire/ -- The Board of Directors of FS Credit Opportunities Corp. (the Fund) (NYSE: FSCO) announced the monthly distribution for March 2026. The distribution of $0.0583 per share will be paid on March 31, 2026.
FSCO: High-Quality BDCs Have Spoiled Me, Hence I'm Still Avoiding This Pick
FS Credit Opportunities Corp. currently yields 15.5% and trades at a ~27% discount to NAV, but I remain cautious. FSCO's risk profile is elevated: only 83% in senior secured first lien loans, with significant exposure to higher-risk assets. FSCO's average loan spread (SOFR + 661 bps) and 21.7% PIK income far exceed BDC sector norms, signaling aggressive risk-taking.
FS Credit Opportunities Corp. (FSCO) Declares Distribution for February 2026
PHILADELPHIA, Feb. 10, 2026 /PRNewswire/ -- The Board of Directors of FS Credit Opportunities Corp. (the Fund) (NYSE: FSCO) announced the monthly distribution for February 2026. The distribution of $0.0678 per share will be paid on February 27, 2026.
FSCO Announces Earnings Release and Conference Call Schedule for Fourth Quarter 2025
PHILADELPHIA, Feb. 6, 2026 /PRNewswire/ -- FS Credit Opportunities Corp. (NYSE: FSCO) today announced that it will release its financial results for the fourth quarter ended December 31, 2025, on Monday, March 2, 2026, after the market close. The Company will also post an earnings presentation with financial information, which will be accessible after the market close on Monday, March 2, 2026, on the FSCO website under the Investor Relations section at: https://www.futurestandard.com/investments/fs-credit-opportunities-corp.
Why a $6 Million Credit Fund Bet Makes Sense With a 13% Yield on the Table
Matisse Capital acquired 897,918 shares in FSCO during the fourth quarter. The estimated transaction value was $5.66 million based on the reported end-of-quarter value.
FS Credit Opportunities Corp. (FSCO) Declares Distribution for January 2026
PHILADELPHIA, Jan. 12, 2026 /PRNewswire/ -- The Board of Directors of FS Credit Opportunities Corp. (the Fund) (NYSE: FSCO) announced the monthly distribution for January 2026. The distribution of $0.0678 per share will be paid on January 30, 2026.