FS KKR Capital (US:FSK)2024-05-09 16:54Financial Performance - Net Investment Income (NII) for the quarter ended March 31, 2024, was $212 million, or $0.76 per share, compared to $200 million, or $0.71 per share, for the quarter ended December 31, 2023[2] - Adjusted Net Investment Income (Adjusted NII) for the quarter ended March 31, 2024, was $205 million, or $0.73 per share, compared to $209 million, or $0.75 per share, for the quarter ended December 31, 2023[2] - Net Asset Value (NAV) per share as of March 31, 2024, was $24.32, compared to $24.46 as of December 31, 2023[2] Investment Activity - New investment fundings in the first quarter were approximately $1,444 million[2] - Net investment activity in the first quarter was ($221) million, including $190 million of sales to Credit Opportunities Partners JV, LLC (COPJV)[2] Distributions - A total distribution of $0.75 per share was paid for the first quarter of 2024, consisting of a $0.64 per share base distribution, a $0.06 supplemental distribution, and a $0.05 special distribution[2] - A distribution of $0.70 per share was declared for the second quarter of 2024, which consists of a base distribution amount of $0.64 per share and a supplemental distribution amount of $0.06 per share[2] - The Adjusted NII / Dividend coverage ratio was 104% for the quarter ended March 31, 2024[2] - Dividend yield on NAV per share was 11.9% and dividend yield on market value of common stock was 15.1% as of May 3, 2024[2] Portfolio Composition - As of March 31, 2024, 65% of the company's drawn leverage was unsecured, and the weighted average effective rate on borrowings was 5.35%[2] - Total investments at fair value were $14,221 million as of March 31, 2024[6] - The portfolio consisted of 205 companies as of March 31, 2024[6] - Floating rate investments comprised 90.1% of the portfolio as of March 31, 2024[6]