FS Energy and Power Fund has announced a 6-for-1 reverse share split, effective as of May 15, 2025. This move is intended to ensure compliance with the NYSE's minimum share price requirement of $4.00 per share and to align the Fund's share price with those of comparable closed-end funds. The adjustment will reduce the number of shares outstanding while increasing the net asset value per share. This comes as part of the Fund's plan to list its common shares on the NYSE under the ticker symbol "FSSL" by the end of 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FS Energy and Power Fund published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-051557), on May 21, 2025, and is solely responsible for the information contained therein.