UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported):
(Exact name of Registrant as specified in its charter)
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(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
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| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code:
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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| Item 8.01. | Other Events. |
On July 31, 2023, the board of trustees (the “Board”) of FS Credit Income Fund (the “Fund”) approved an increase to the monthly distribution amount for each class of common shares of beneficial interest of the Fund for the month of August.
The annualized distribution rate for Class I shares will increase to 8.15% based on the net asset value (“NAV”) per Class I share as of July 31, 2023, representing an approximate 10.45% increase to the distribution rate for Class I shares.
The annualized distribution rate for Class A shares will increase to 7.92% based on the NAV per Class A share as of July 31, 2023, representing an approximate 10.82% increase.
The annualized distribution rate for Class T shares will increase to 7.66% based on the NAV per Class T share as of July 31, 2023, representing an approximate 11.21% increase.
The annualized distribution rate for Class U shares will increase to 7.43% based on the NAV per Class U share as of July 31, 2023, representing an approximate 11.63% increase.
The annualized distribution rate for Class U-2 shares will increase to 7.37% based on the NAV per Class U-2 share as of July 31, 2023, representing an approximate 11.64% increase.
The timing and amount of any future distributions to shareholders are subject to applicable legal restrictions and the sole discretion of the Board.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| EXHIBIT NUMBER | ||
| Exhibit 99.1 | Press Release, dated August 14, 2023 | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FS Credit Income Fund | ||
| Date: August 14, 2023 | By: |
/s/ Stephen Sypherd |
| Stephen Sypherd | ||
| General Counsel | ||