Earnings release
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FSK | FS KKR Capital Corp. FS KKR Capital Corp. Announces September 30 , 2021 Financial Results and Declares Fourth Quarter 2021 Dividend of $ 0.62 Per Share PHILADELPHIA , PA AND NEW YORK , NY - November 8 , 2021 - FS KKR Capital Corp. ( NYSE : FSK ) , today reported net investment income of $ 201 million , or $ 0.71 per share for the third quarter ended September 30 , 2021. The Company's net asset value ( " NAV " ) was $ 27.14 per share as of September 30 , 2021 , compared to $ 26.84 per share as of June 30 , 2021 . Financial and Operating Highlights for the Quarter Ended September 30 , 2021 ( 1 ) • • • • • Net investment income of $ 0.71 per share , compared to $ 0.77 per share for the quarter ended June 30 , 2021 о Adjusted net investment income ( 2 ) of $ 0.64 per share , compared to $ 0.74 per share for the quarter ended June 30 , 2021 Net asset value of $ 27.14 per share , compared to $ 26.84 per share as of June 30 , 2021 , an increase of 1.1 % Total net realized and unrealized gain of $ 0.24 per share , compared to a total net realized and unrealized gain of $ 4.98 per share for the quarter ended June 30 , 2021 о Adjusted net realized and unrealized gain ( 2 ) of $ 0.31 per share , compared to $ 0.87 per share for the quarter ended June 30 , 2021 Total purchases of $ 2.8 billion versus $ 1.8 billion of sales and repayments , including $ 364 million of sales to its joint venture Credit Opportunities Partners JV , LLC Net debt to equity ratio ( 3 ) as of September 30 , 2021 was 103 % , compared to 90 % as of June 30 , 2021 Paid cash distributions to stockholders totaling $ 0.65 per share ( 4 ) " FSK's third quarter results were strong across multiple metrics , " commented Michael C. Forman , CEO and Chairman . " We originated $ 2.8 billion of new investments as we continue to benefit from the growing private credit market and strength of our experienced investing team . During the third quarter , we over - earned our targeted 9.00 % annualized dividend yield and we also experienced an increase in our net asset value . Based on our strong operating results and pursuant to our variable dividend policy , we are delighted to announce a $ 0.62 per share dividend for the fourth quarter of 2021 , as compared to our original expectation of a $ 0.60 per share dividend . Finally , in October we further enhanced our already strong liquidity position by issuing $ 1.25 billion of unsecured notes at a weighted average coupon of 2.54 % . As we begin looking forward to 2022 , I believe FSK is well positioned for future success . " Declaration of Distribution for Fourth Quarter 2021 FSK's board of directors has declared a cash distribution for the fourth quarter of $ 0.62 per share , which will be paid on or about January 4 , 2022 to stockholders of record as of the close of business on December 15 , 2021 . 1