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PHILADELPHIA, Dec. 15, 2020 /PRNewswire/ -- FS Investments, a leading alternative investment manager, announced that FS Credit Income Fund (I share: FCRIX), an alternative credit strategy sub-advised by GoldenTree Asset Management, has reached its three-year anniversary.
Since inception, FS Credit Income Fund ("the Fund") has paid a high level of current income, with the Fund's annualized distribution rate averaging 6.10%
1 as of October 31, 2020. Over the same period, the Fund returned 5.07% per year
2, outperforming the liquid end of the loan and high yield bond markets by 208 basis points and 120 basis points per year, respectively.
3
This performance has been driven by the Fund's flexible, alternative credit mandate that invests across asset classes, sectors and capital structures to capture the best relative value opportunities in liquid and less liquid areas of the credit markets. The Fund focuses on catalyst-driven investments offering a high level of current income and the potential for capital appreciation. These may include stressed and distressed assets, structured credit, emerging market debt and complex situations where GoldenTree's deep credit expertise can help unlock value.