FS KKR Private Credit Fund Sinks on Dividend Cut, Bad Loans

(Bloomberg) -- A private credit fund jointly managed by Future Standard and KKR & Co. plunged after cutting its dividend more than forecast, as earnings declined amid lower interest rates and losses from troubled investments.FS KKR Capital Corp., a business development company that makes direct loans, tumbled as much as 18% Thursday, the most intraday since 2020. The BDC slashed its quarterly distribution to 48 cents a share from 70 cents, a deeper cut than the 55 cents executives had previously signaled. A ...