FS KKR Capital Corp.

Good morning, ladies and gentlemen. Welcome to FSKKR Capital Core's second quarter 2023 earnings call. Your lines will be in listen-only mode during remarks by FSK's management. At the conclusion of the company's remarks, we will begin the question and answer session, at which time I will give you instructions on entering the queue. Please note that this conference is being recorded. At this time, Robert Pond, head of investor relations, will proceed with the introductions. Mr. Pond, you may begin.

Thank you. Good morning and welcome to FSKKR Capital Corp's second quarter 2023 earnings conference call. Please note that FSKKR Capital Corp may be referred to as FSK, the fund, or the company throughout the call. Today's conference call is being recorded, and an audio replay of the call will be available for 30 days. Replay information is included in a press release that FSK issued on August 7, 2023. In addition, FSK has posted on its website a presentation containing supplemental financial information with respect to its portfolio and financial performance for the quarter ended June 30, 2023. A link to today's webcast and the presentation is available on the Investor Relations section of the company's website under Events and Presentations. Please note that this call is the property of FSK. Any unauthorized rebroadcast of this call in any form is strictly prohibited. Today's conference call includes forward-looking statements that are subject to risks and uncertainties that could affect FSK or the economy generally. We ask that you refer to FSK's most recent filings with the SEC for important factors and risks that could cause actual results or outcomes to differ materially from these statements. FSK does not undertake to update its forward-looking statements unless required to do so by law. In addition, this call will include certain non-GAAP financial measures. For such measures, reconciliations to the most directly comparable GAAP measures can be found in FSK's second quarter earnings release that was filed with the SEC on August 7, 2023. Non-GAAP information should be considered supplemental in nature and should not be considered in isolation or as a substitute for the related financial information prepared in accordance with GAAP. In addition, these non-GAAP financial measures may not be the same as similarly named measures reported by other companies. To obtain copies of the company's latest SEC filings, please visit FSK's website. Speaking on today's call will be Michael Forman, Chief Executive Officer and Chairman, Dan Pietrzak, Chief Investment Officer and Co-President, Brian Gerson, co-president, and Stephen Lilly, chief financial officer. Also joining us in the room are co-chief operating officers Drew O'Toole and Ryan Wilson. I will now turn the call over to Michael.

Thank you, Robert, and good morning, everyone. Welcome to FSKKR Capital Corp's second quarter 2023 earnings conference call. We are pleased to report another quarter of solid results as we exceed our quarterly earnings guidance. rewarded shareholders with a base and supplemental distribution totaling 70 cents per share, and also paid shareholders a special distribution of 5 cents per share. In total, these distributions equated to an annualized distribution of approximately 15% on our stock price. We are also pleased to report, as Dan will discuss in more detail, that deal flow is increasing, which should be positive for us going forward. During the second quarter, we generated net investment income totaling 82 cents per share and adjusted net investment income totaling 78 cents per share as compared to our public guidance of approximately 78 and 75 cents per share, respectively. Our net asset value per share as of June 30 was $24.69 as compared to $24.89 at the start of the year. and $24.93 as of March 31, 2023. Excluding the effect of the $0.05 special distribution we paid to shareholders during the quarter, our net asset value per share would have been $24.74. Based on our continued strong operating results, our board has declared a third quarter regular quarterly distribution of $0.70 per share, consisting of our base distribution of $0.64 per share and a supplemental distribution of $0.06 per share. As a reminder, we expect our quarterly supplemental distribution to total a minimum of $0.06 per share throughout 2023 and possibly beyond, equating to a minimum of $0.70 per share per quarter of quarterly distributions during 2023. Additionally, last quarter we declared a series of special distribution payments totaling $0.15 per share. The first installment of the special distribution was paid in May, and the other two will be paid at the end of the month and in November. In total, we estimate investors will be able to receive a minimum of $2.95 per share of total distributions in 2023, which we continue to believe is quite attractive in today's investment environment. Based on our experienced team, the significant resources of our platform, and the portfolio rotation work we've accomplished, I believe we're well positioned not only to continue producing strong financial results, but to reward shareholders with attractive dividend over the long term. And with that, I'll turn the call over to Dan and the team to provide additional color on the market and the quarter.