On March 12, 2015, FS Investment Corporation II appointed Mr. Richard I. Goldstein as a new independent member of the Board, effective as of April 1, 2015. Mr. Goldstein was appointed as a director to serve for a term expiring at the company's 2015 annual meeting of stockholders and was also appointed to serve as a member of the company's Valuation Committee. Upon the effective date of the appointment of Mr. Goldstein, the size of the Board will be increased to eleven directors, eight of whom will be independent directors. Mr. Goldstein has not been elected to serve as a member of the Board pursuant to any agreement or understanding with the company or any other person.

On March 12, 2015, the board of directors of FS Investment Corporation II declared regular monthly cash distributions, each in the amount of $0.062833 per share, April 2015 through June 2015. The regular monthly cash distributions will be paid on or about April 30, 2015, May 29, 2015 and June 30, 2015 to stockholders of record as April 29, 2015, May 28, 2015 and June 29, 2015, respectively.