FS Investment Corporation Declares Regular Monthly Distribution Payable on January 31, 2013; Announces Executive Changes
January 31, 2013 at 05:23 pm EST
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On January 25, 2013, the board of directors of FS Investment Corporation declared a regular monthly cash distribution of $0.0675 per share. The monthly distribution will be paid on January 31, 2013 to stockholders of record on January 30, 2013.
On January 25, 2013, the Board appointed Zachary Klehr as executive vice president of the company and Stephen S. Sypherd to replace Ryan D. Conley as vice president, treasurer and secretary of the company. Zachary Klehr has served as the company's executive vice president since January 2013. Mr. Klehr also currently serves as executive vice president of FS Investment Corporation II and FS Energy and Power Fund and has presided in such roles since January 2013. Mr. Klehr has also served in various senior officer capacities for Franklin Square Holdings, L.P. and its affiliated investment advisers, FB Income Advisor, FS Investment Advisor, LLC and FSIC II Advisor, LLC, since the later of February 2011 or such entity's inception date, including as executive vice president since September 2012. In this role, he focuses on fund administration, portfolio management, fund operations, research, education and communications. He is active in his community and serves on the board of trustees of The Philadelphia School where he is a member of the executive, governance, advancement, finance and investment committees. Stephen S. Sypherd has served as the company's vice president, treasurer and secretary since January 2013. Mr. Sypherd also currently serves as vice president, treasurer and secretary of FS Investment Corporation II and FS Energy and Power Fund and has presided in such roles since January 2013. Mr. Sypherd has also served in various senior officer capacities for Franklin Square Holdings and its affiliated investment advisers, FB Income Advisor, FS Investment Advisor, LLC and FSIC II Advisor, LLC, since the later of August 2010 or such entity's inception date, including as senior vice president since December 2011 and general counsel since January 2013. He is responsible for legal and compliance matters across all entities and investment products of Franklin Square Holdings.
FS KKR Capital Corp. is an externally managed, non-diversified, closed-end management investment company, which regulates as a business development company (BDC). It is focused on providing customized credit solutions to private middle market United States companies. Its investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. Its portfolio is composed primarily of investments in senior secured loans and second lien secured loans of private middle market United States companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private United States companies. In addition, a portion of its portfolio may be comprised of corporate bonds, structured products, other debt securities and derivatives, including total return swaps and credit default swaps. It invests in sectors, such as financial services, commercial and professional services, among others. It is managed by FS/KKR Advisor, LLC.
FS KKR CAPITAL CORP. 
