FS Specialty Lending Fund Pushes Ahead With Reorganization
New materials aim to inform shareholders ahead of a forthcoming joint proxy statement and structural changes.
September 11, 2025

FS Specialty Lending Fund Lays Groundwork for Strategic Overhaul
FS Specialty Lending Fund is moving forward with its reorganization strategy, with a new SEC filing that outlines key next steps—especially around a future listing on a national exchange.
The September 10 update includes two new resources for shareholders: an FAQ and a presentation deck. These materials are designed to provide clarity on the changes introduced earlier this year, particularly around proposed amendments to the Declaration of Trust and the structure of the successor entity.
The Fund plans to file a joint proxy statement and prospectus with the SEC. Once it’s approved, shareholders will receive detailed information about what’s changing, why it matters, and how they can take action. This will include disclosures about the reorganization, governance updates, and how the Fund plans to handle future distributions and liquidity events.
It’s worth noting that the filing includes forward-looking statements, which come with the usual risks. Market conditions, regulatory shifts, and operational challenges could all impact the timing or outcome of the plans. The Fund encourages investors to stay informed and review the full materials when they’re made available.
Shareholders can expect to access these documents on the SEC’s website or through the Fund’s proxy site. When the time comes, they’ll have what they need to evaluate the proposal and vote accordingly.
With this step, FS Specialty Lending Fund is setting the stage for a more flexible, exchange-aligned structure—and giving shareholders the tools to track the process from start to finish.
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