The following is a summary of the FS Credit Opportunities Corp. (FSCO) Q2 2024 Earnings Call Transcript:

Financial Performance:

• FS Credit Opportunities Corp. reported a net return of 2.75% for Q2 2024 and a year-to-date return of 8.67%.

• The Fund paid distributions of $0.18 per share in the second quarter.

• Total return for shareholders was 10.6% in the second quarter of 2024.

• As of June 30, 2024, cash balance was approximately $104 million, and the Fund had ample availability on credit facilities.

Business Progress:

• The Fund issued $100 million of term preferred shares at favorable terms, enhancing its purchasing power.

• The discount on the Fund's common shares narrowed significantly, reflecting strong performance and market credibility.

• FSCO's investment portfolio remains robust, prioritizing first lien senior secured loans and selectively in subordinated debt and private equities.

Opportunities:

• Continued focus on private credit investments and leveraging the FS Investments' platform to enhance deal flow and investment opportunities.

• Optimizing the portfolio allocations to capitalize on the most attractive risk-adjusted return opportunities across the credit market.

Risks:

• Anticipated increase in defaults through the next year could potentially impact portfolio performance.

• Ongoing economic uncertainty and potential market volatility due to geopolitical events and fluctuating U.S. rates pose risks.

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