FSIC and CCT shareholders back BDCs’ merger

While the merger of the publicly traded vehicles is set to be completed, the combination of their non-traded BDCs has been put on hold amid low stock-trading prices.

The shareholders of FS Investment Corporation and Corporate Capital Trust have backed a merger combining the vehicles.

Philadelphia-based FSIC and New York-based CCT put the matter to a vote of stockholders at their respective annual meetings on Monday. The deal will close before the end of the year, and the integrated entity, FS KKR Capital Corporation, will trade on the New York Stock Exchange under the ticker FSK.

Share this