FS KKR Q2 2020 Earnings Report
Key Takeaways
FS KKR Capital Corp. announced its financial and operating results for the quarter ended June 30, 2020, with a net investment income of $0.62 per share, fully covering the $0.60 per share dividend.
FS KKR Capital Corp. announced its financial and operating results for the quarter ended June 30, 2020.
The board of directors has declared a cash distribution for the third quarter of $0.60 per share.
Net investment income of $0.62 per share fully covered the $0.60 per share dividend.
The investment team continued working closely with portfolio company management teams and financial sponsors to provide support during the COVID-19 pandemic.
FS KKR
FS KKR
Forward Guidance
FS KKR anticipates a subdued new investment environment as financial sponsors are being cautious with regard to M&A activity but believes they are well positioned to capture new investments.
Positive Outlook
- Deep relationships
- Strong platform
- Well positioned to capture more than our fair share of new investments
- Optimistic about the continuing transition of our investment portfolio
- Net investment income covered dividend
Challenges Ahead
- Still subdued new investment environment
- Financial sponsors are being cautious with regard to M&A activity
- Uncertainties in predicting future results and conditions
- Risks associated with possible disruption in FSK’s operations or the economy generally due to terrorism, natural disasters or pandemics such as COVID-19
- Future changes in laws or regulations and conditions in FSK’s operating area