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FSK | FS KKR Capital Corp. FS KKR Capital Corp. Announces March 31 , 2021 Financial Results and Declares Second Quarter 2021 Dividend of $ 0.60 Per Share PHILADELPHIA , PA AND NEW YORK , NY - May 10 , 2021 - FS KKR Capital Corp. ( NYSE : FSK ) , today reported net investment income of $ 78 million , or $ 0.63 per share for the first quarter ended March 31 , 2021. The Company's net asset value ( " NAV " ) was $ 26.03 per share as of March 31 , 2021 , compared to $ 25.02 per share as of December 31 , 2020 . Financial and Operating Highlights for the Quarter Ended March 31 , 2021 ( ¹ ) • Net investment income of $ 0.63 per share , compared to $ 0.63 per share for the quarter ended December 31 , 2020 Adjusted net investment income of $ 0.63 per share , compared to $ 0.72 per share for the quarter ended December 31 , 2020 ( 2 ) Net asset value of $ 26.03 per share , compared to $ 25.02 per share as of December 31 , 2020 , an increase of 4.0 % Total net realized and unrealized gain of $ 0.98 per share , compared to a total net realized and unrealized gain of $ 0.53 per share for the quarter ended December 31 , 2020 Total purchases of $ 417 million versus $ 877 million of sales and repayments , including $ 193 million of sales to its joint venture Strategic Credit Opportunities Partners , LLC , or SCJV Net debt to equity ratio ( 3 ) as of the end of the quarter was 100 % , down from 119 % as of December 31 , 2020 Paid cash distributions to stockholders totaling $ 0.60 per share ( 4 ) " We are pleased to begin 2021 with a positive quarter , ” commented Michael C. Forman , CEO & Chairman . “ Our net investment income of $ 0.63 per share fully covered our $ 0.60 quarterly dividend , we experienced a 4.00 % increase in our net asset value , and our annualized quarterly dividend of $ 2.40 per share continues to exceed our targeted annual dividend yield of 9.00 % . As we prepare for the closing of the merger of FSK and FSKR , we are excited by the prospects of operating a single BDC with the market reach and balance sheet strength to be a leader in the private credit markets for many years to come . " Declaration of Distribution for Second Quarter 2021 FSK's board of directors has declared a cash distribution for the second quarter of $ 0.60 per share , which will be paid on or about July 2 , 2021 to stockholders of record as of the close of business on June 11 , 2021 . 1