The FS KKR Private Credit Fund has reduced its dividend from 70 cents to 48 cents per share due to a decline in earnings. This reduction is attributed to falling interest rates and rising losses from non-accrual investments, which now represent about 3.4% of its portfolio.
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FS KKR Private Credit Fund Cuts Dividend Amid Rise in Bad Loans
The FS KKR Private Credit Fund has reduced its dividend from 70 cents to 48 cents per share due to a decline in earnings. This reduction is attributed to falling interest rates and rising losses from non-accrual investments, which now represent about 3.4% of its portfolio.