FS KKR Capital Corp Approves Share Issuance Below NAV

What Happened

• FS KKR Capital Corp (FSK) filed an 8‑K on August 20, 2026 reporting that stockholders approved Proposal No. 2 to allow the Company, in future offerings, to sell shares below net asset value (NAV).
• The Company adjourned its Annual Meeting on June 18, 2026 to solicit additional votes on the proposal and reconvened on August 20, 2026. The Record Date for the Reconvened Meeting was April 23, 2026.

Key Details

• Eligible shares as of the April 23, 2026 Record Date: 280,066,432.663 common shares.
• Votes cast at the Reconvened Meeting: 146,341,116 shares voted in person or by proxy.
• Final vote on the Share Issuance Proposal: For 103,799,016; Against 35,494,986; Abstentions 7,047,114.
• The for vote also met the voting threshold excluding affiliated persons (For 103,389,416), satisfying the Investment Company Act definition of a “majority of the outstanding shares” required for approval.

Why It Matters

• The approval gives FSK formal ability to price future share offerings below NAV, which increases management’s flexibility to structure capital raises.
• For investors, this could affect future dilution and NAV per share depending on the terms of any offering; stockholders should watch disclosures for any specific below‑NAV sales and the proposed use of proceeds.