The following is a summary of the FS Credit Opportunities Corp. (FSCO) Q3 2024 Earnings Call Transcript:

Financial Performance:

• FS Credit Opportunities Corp. reported a net return of 3.35% in Q3 2024 and a year-to-date net return of 12.31%.

• The Fund's annualized distribution yield was 10.3% based on NAV and 11.1% based on the stock price, with distributions of $0.18 per share in Q3.

• Total stockholder return for Q3 was 2.6% and 27.4% year-to-date as of November 22, 2024.

Business Progress:

• FS Credit Opportunities Corp. is focused on investing across public and private credit to generate returns. Approximately 59% of new investment activity was in privately originated investments, focusing on first lien loans.

• The fund continues to leverage its large scale, exploring diverse investment opportunities including opportunistic and event-driven credit, special situations, and private structured capital solutions.

Opportunities:

• With recent Fed rate cuts, there is a potential for increased M&A activity, offering more opportunities for private lenders.

• The fund's flexibility in investing across different assets and credit sectors is seen as an advantage to capitalize on various market conditions.

Risks:

• Economic uncertainties and market volatility are ongoing concerns, influencing cautious investment strategies.

• Current credit market conditions show weak covenants which might affect deal volumes and investment quality.

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