FSK Reports Q1 NAV per Share of $18.83
Reports Q1 NAV per share $18.83. In a joint statement, Michael Forman, CEO and chairman, and Daniel Pietrzak, president and chief investment officer for FSK and Partner and Global Head of Private Credit at KKR, stated, "Our first quarter decline in net asset value was driven by investments which have impacted prior quarters, certain new non-accrual assets, and the impact of market-driven spread widening in certain segments of our portfolio. As we continue to address investments that have had an outsized impact on NAV, we are taking several strategic steps in an effort to improve the financial position of FSK and to enhance shareholder value. We believe FSK's current stock price underappreciates the long-term value associated with FSK's investment portfolio and the KKR Credit platform. The four strategic actions announced this morning underscore our confidence in FSK and align that level of confidence with shareholders."
