PFX - FS KKR Capital: Dividend Decrease Coming

• Previous articles discussed BDCs with growing dividends supported by a history of strong portfolio credit performance.
• FSK is not one of those BDCs for the reasons discussed in this article.
• Most services are currently showing FSK with a dividend yield of almost 12% which is overstated as discussed in this article along with previously realized losses and NAV declines.
• Also discussed is the new advisor fee agreement which has taken management off the hook for additional credit issues.
• Now that management has no skin in the game should you be invested in this BDC given its historical credit issues?

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