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FSK | FS KKR Capital Corp. FS KKR Capital Corp. Announces June 30 , 2021 Financial Results and Declares Third Quarter 2021 Dividend of $ 0.65 Per Share PHILADELPHIA , PA AND NEW YORK , NY – August 9 , 2021 - FS KKR Capital Corp. ( NYSE : FSK ) , today reported net investment income of $ 116 million , or $ 0.77 per share for the second quarter ended June 30 , 2021. The Company's net asset value ( " NAV " ) was $ 26.84 per share as of June 30 , 2021 , compared to $ 26.03 per share as of March 31 , 2021. On June 16 , 2021 , FSK completed its previously announced merger ( the " Merger " ) with FS KKR Capital Corp. II ( " FSKR " ) . Pursuant to the Merger , FSKR merged with and into FSK , with FSK continuing as the surviving company . Financial and Operating Highlights for the Quarter Ended June 30 , 2021 ( ¹ ) Net investment income of $ 0.77 per share , compared to $ 0.63 per share for the quarter ended March 31 , 2021 Adjusted net investment income ( 2 ) of $ 0.74 per share , compared to $ 0.63 per share for the quarter ended March 31 , 2021 Net asset value of $ 26.84 per share , compared to $ 26.03 per share as of March 31 , 2021 , an increase of 3.1 % Total net realized and unrealized gain of $ 4.98 per share , compared to a total net realized and unrealized gain of $ 0.98 per share for the quarter ended March 31 , 2021 Excluding the impact of the Merger , total net realized and unrealized gain of $ 0.87 per share Total purchases of $ 8.6 billion versus $ 1.0 billion of sales and repayments , including $ 58 million of sales to its joint venture Credit Opportunities Partners JV , LLC Excluding the impact of the Merger , total FSK purchases of $ 1.3 billion Excluding the impact of the Merger , total pro forma combined purchases of $ 2.3 billion and total net purchases of $ 557 million Net debt to equity ratio ( 3 ) as of the end of the quarter was 90 % , down from 100 % as of March 31 , 2021 Weighted average shares outstanding throughout the quarter of 150 million and shares outstanding as of June 30 , 2021 of 285 million Paid cash distributions to stockholders totaling $ 0.60 per share ( 4 ) " The second quarter was an extremely active quarter for FSK , ” commented Michael C. Forman , CEO and Chairman . “ From a strategic perspective , we consummated our merger with FS KKR Capital Corp. II , creating a premier BDC franchise with approximately $ 15.7 billion in assets . From an operational perspective , we reported strong financial results , including Adjusted Net Investment Income of $ 0.74 per share and a 3.1 % increase in our net asset value per share . In addition , we originated $ 2.3 billion in new portfolio company investments across our combined company , and we issued $ 400 million of unsecured notes . Based on this positive activity , and pursuant to our policy of distributing excess earnings to shareholders , we are pleased to announce a $ 0.65 per share dividend for the third quarter of 2021. " 1