FS Specialty Lending Fund · NYSE:FSSL
FS Specialty Lending Fund — FS Energy & Power Fund — Proxy Contest (December 2017)
9 slides from FS Specialty Lending Fund's proxy contest presentation, Dec 11, 2017
Slide 1: FS Energy & Power Fund: Creating a partnership with a singular focus on energy
FS ENERGY & POWER FUND Creating a partnership with a singular focus on energy to generate income and growth
Slide 2: Why the change?
Why the change? ACCESS DEEP ENERGY EXPERTISE EIG is a leading global energy investor, managing $17B in energy assets1 Access EIG’s 60+ professionals dedicated to energy investing Supported by existing $30 million sponsor investment from FS employees and affiliates2 EXPAND OPPORTUNITIES + OPTIMIZE PO
Slide 3: A long-term partnership dedicated to energy investing
a long-term partnership dedicated to energy investing EIG is a leading institutional manager focused exclusively on the energy industry 1 As of September 30, 2017. 2 Since inception in 1982. 3 Global Project Fund launched in 2001. 4 There is no guarantee this exemptive relief will be received in par
Slide 4: Expand investment opportunities + optimize portfolio
Expand investment opportunities + optimize portfolio Enhance portfolio diversification through accessing EIG’s robust investment platform FSEP Holdings by subsector1 EIG’s Direct lending business by SUBSECTOR2 1 Based on fair value as of September 30, 2017. There is no guarantee that FSEP’s future i
Slide 5: Focus on growing portfolio yield over the long-term
focus on growing portfolio yield OVER THE Long-term Rotate out of broadly syndicated assets into higher-yielding direct originations1 1 There is no guarantee that gross portfolio yields will be achieved. Past performance is no guarantee of future results. 2 Reflects FSEP’s portfolio as of September
Slide 6: We believe this is a necessary step towards a public listing
WE BELIEVE THIS IS A NECESSARY STEP TOWARDS A PUBLIC LISTING Greater flexibility to generate total returns absent the need to focus on the highest income opportunities to meet the distribution Reset annualized distribution amount from $0.71 to $0.50 per share2 Increased annualized distribution amoun
Slide 7: Creating a potential path to liquidity: proxy solicitation timeline
12–18 MONTHS following entry into the new advisory agreement CREATING a potential Path to liquidity Proxy solicitation timeline for FSEP The timing of any liquidity event is uncertain, cannot be assured and is subject to, among other factors, board approval and market conditions. DEC 2017 Transactio
Slide 8: Resources
Resources Website Webinars FSPROXY.COM COMMUNICATION SAMPLES PRESS RELEASES FREQUENTLY ASKED QUESTIONS EMAIL INVITATIONS TO COME WEBINARS
Slide 9: Disclosures
disclosures Forward-Looking Statements This presentation may contain certain “forward-looking” statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform A
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