Matisse Capital acquired 897,918 shares of FS Credit Opportunities Corp. (NYSE:FSCO) in the fourth quarter, totaling $5.66 million, as per a January 29 SEC filing. This new position represents 2.52% of Matisse Capital’s 13F reportable assets. Top holdings include AAPL, PCQ, DGRO, MSFT, and GOOGL. FSCO shares were priced at $6.03 as of January 28, down 10.6% over the past year.

FS Credit Opportunities Corp. is a closed-end fund specializing in global credit investments and event-driven strategies. The fund, with $1.20 billion in total assets, offers a dividend yield of 13.1% and focuses on companies undergoing corporate events like mergers or restructurings. It generates revenue through interest income and capital appreciation from event-driven credit strategies.

Investing in FS Credit Opportunities Corp. offers a unique opportunity for income and capital preservation. With a 13.4% distribution yield and a focus on event-driven strategies, the fund provides exposure to diverse credit markets. The fund’s AUM is spread across 77 portfolio companies, offering a balanced risk profile compared to equity investments.

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Read more at Yahoo Finance: Why a $6 Million Credit Fund Bet Makes Sense With a 13% Yield on the Table