FS Specialty Lending Fund (FSSL) Declares Distribution for February 2026

Rhea-AI Summary

FS Specialty Lending Fund (NYSE: FSSL) declared a monthly distribution of $0.1375 per share payable February 27, 2026, with ex- and record date February 20, 2026. The announcement cites annualized distribution yields of 9.1% (NAV) and 12.3% (market) as of January 30, 2026.

The Fund reports an estimated year-to-date total return through January 30, 2026 of 0.6% on NAV and -3.8% on market price, and notes approximately $1.9 billion in assets under management.

Positive

• Monthly cash distribution of $0.1375 per share
• Annualized yield of 9.1% on NAV as of Jan 30, 2026
• Annualized yield of 12.3% on market price as of Jan 30, 2026
• $1.9 billion in assets under management

Negative

• Year-to-date market total return of -3.8% through Jan 30, 2026
• Monthly distribution subject to adjustment based on portfolio and market conditions

News Market Reaction – FSSL

-0.97%

1 alert

-0.97% News Effect

On the day this news was published, FSSL declined 0.97%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Monthly distribution: $0.1375 per share Annualized yield on NAV: 9.1% Annualized yield on price: 12.3% +5 more

8 metrics

Monthly distribution $0.1375 per share February 2026 distribution

Annualized yield on NAV 9.1% Based on NAV as of January 30, 2026

Annualized yield on price 12.3% Based on market price as of January 30, 2026

Total return on NAV YTD 0.6% Year-to-date through January 30, 2026

Total return on price YTD -3.8% Year-to-date through January 30, 2026

Assets under management $1.9 billion Fund AUM at time of release

Ex- and record date February 20, 2026 February 2026 distribution schedule

Payable date February 27, 2026 February 2026 distribution payment

Market Reality Check

Price: $12.63 Vol: Volume 600,894 vs 20-day ...

normal vol

$12.63 Last Close

Volume Volume 600,894 vs 20-day average of 690,298 suggests trading near typical levels. normal

Technical Price $13.23 is trading below the $13.70 200-day moving average.

Historical Context

2 past events · Latest: Jan 12 (Neutral)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Jan 12	Monthly distribution	Neutral	+1.4%	Declared January 2026 monthly distribution of $0.1375 per share.
Nov 14	Quarterly distribution	Neutral	-0.7%	Declared $0.42 per share Q4 2025 distribution and shift to monthly payouts.

Pattern Detected

Recent distribution announcements have led to modest single-day moves, with no consistent directional pattern.

Recent Company History

Over the last few months, FS Specialty Lending Fund has focused communications on regular cash distributions. In November 2025, it declared a $0.42 Q4 2025 payout and flagged a shift to monthly distributions beginning January 2026. Subsequent January and February 2026 releases both set monthly payouts at $0.1375 per share, alongside reported annualized yields around 9% on NAV and roughly $1.9 billion in assets under management.

Market Pulse Summary

This announcement confirms a February 2026 monthly distribution of $0.1375 per share, with annualize...

Analysis

This announcement confirms a February 2026 monthly distribution of $0.1375 per share, with annualized yields of 9.1% on NAV and 12.3% on market price as of January 30, 2026. The fund reports an estimated year-to-date total return of 0.6% on NAV versus -3.8% on market price and approximately $1.9 billion in assets under management. Investors may monitor future distribution levels, NAV performance, and any shifts in portfolio or market conditions impacting payouts.

Key Terms

net asset value (NAV), assets under management, Form 1099-DIV, EDGAR Database

4 terms

net asset value (NAV) financial

"based on the Fund's net asset value (NAV) and market price"

Net asset value (NAV) is the per-share value of an investment fund calculated by totaling the fund’s assets, subtracting its liabilities, and dividing the remainder by the number of outstanding shares. Think of it like a price tag on each share of a collective piggy bank: investors use NAV to see what each share is worth, to compare funds, and, for many funds, it’s the price at which shares are bought or redeemed.

assets under management financial

"The Fund has approximately $1.9 billion in assets under management"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

Form 1099-DIV regulatory

"The Fund will send a Form 1099-DIV to shareholders for the calendar year"

Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.

EDGAR Database regulatory

"on the Securities and Exchange Commission's EDGAR Database or on the Fund's website"

The EDGAR database is the U.S. regulator’s public online repository for official company filings such as financial reports, registration statements and insider-trading disclosures. Think of it as a public filing cabinet or library where investors can read the primary documents companies are legally required to submit, allowing anyone to verify financial results, track changes in ownership, and spot risks or inconsistencies before making investment decisions.

AI-generated analysis. Not financial advice.

PHILADELPHIA, Feb. 10, 2026 /PRNewswire/ -- The Board of Trustees of FS Specialty Lending Fund (the Fund) (NYSE: FSSL) announced the monthly distribution for February 2026. The distribution of $0.1375 per share will be paid on February 27, 2026. Further information on the distribution is summarized in the charts below.

The current annualized distribution rate equates to an annualized distribution yield¹ of 9.1% and 12.3%, respectively, based on the Fund's net asset value (NAV) and market price as of January 30, 2026. The Fund has generated an estimated total return on NAV of 0.6% and -3.8% on market price year-to-date through January 30, 2026.

The Fund has approximately $1.9 billion in assets under management and invests in event-driven credit, special situations, private capital solutions and other non-traditional credit opportunities.

Month	Ticker	Fund Name		Monthly Dividend
February	FSSL	FS Specialty Lending Fund		$0.1375

The distribution will be made on the following schedule:

Month	Ex-Date	Record Date	Payable Date
February	February 20, 2026	February 20, 2026	February 27, 2026

The Fund pays regular monthly cash distributions to common shareholders at a level rate that may be adjusted from time to time. The amount of monthly distributions may be affected by numerous factors, including changes in portfolio and market conditions.

Shareholders should not use the information provided here in preparing their tax returns. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will tell them how to report these distributions for federal income tax purposes.

Investors should consider, among other things, the investment objectives, risks, charges and expenses of the Fund carefully before investing. Investors can find the Fund's most recent reports and other filings on the Securities and Exchange Commission's EDGAR Database or on the Fund's website (https://www.fssl.futurestandard.com/).

About Future Standard

Future Standard is a global alternative asset manager serving institutional and private wealth clients, investing across private equity, credit and real estate. With a 30+ year track record of value creation and $86 billion in assets under management, we back the business owners and financial sponsors that drive growth and innovation across the middle market, transforming untapped potential into durable value.²

Contact Information:

Investor Relations
Josh Blum
josh.blum@futurestandard.com

Media
Marc Hazelton 
media@futurestandard.com

Forward Looking Statements
Statements included herein may constitute "forward-looking" statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements with regard to future events or the future performance or operations of FS Specialty Lending Fund (the "Fund"). Words such as "intends," "will," "expects," and "may" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, geopolitical risks, risks associated with possible disruption to the Fund's operations or the economy generally due to hostilities, terrorism, natural disasters or pandemics, future changes in laws or regulations and conditions in the Fund's operating area, unexpected costs, litigation and other costs related to the Fund's investments, the price at which the Fund's common shares of beneficial interest may trade on the New York Stock Exchange and such other factors that are disclosed in the Fund's filings with the Securities and Exchange Commission. The inclusion of forward-looking statements should not be regarded as a representation that any plans, estimates or expectations will be achieved. Any forward-looking statements speak only as of the date of this communication. Except as required by federal securities laws, the Fund undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

1 Annualized distribution yield reflects the current month's distribution per share annualized and divided by the previous month end net asset value (NAV) per share or market price per share; because annualized distribution yield is based on estimated current month end NAV, it is an estimate that is subject to change.

2 Total AUM estimated as of September 30, 2025.

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SOURCE Future Standard

FAQ

What is FS Specialty Lending Fund's (FSSL) February 2026 dividend and payment schedule?

The Fund declared a $0.1375 per-share distribution for February 2026. According to FS Specialty Lending Fund, the ex-date and record date are February 20, 2026, and the payable date is February 27, 2026.

What annualized yield does the FSSL February 2026 distribution imply?

The distribution implies an annualized yield of 9.1% on NAV and 12.3% on market price. According to FS Specialty Lending Fund, these figures are based on data as of January 30, 2026.

How did FS Specialty Lending Fund (FSSL) perform year-to-date through January 30, 2026?

The Fund reported an estimated year-to-date total return of 0.6% on NAV and -3.8% on market price. According to FS Specialty Lending Fund, these returns are measured through January 30, 2026.

How large is FS Specialty Lending Fund's (FSSL) asset base as reported with the distribution?

The Fund reports approximately $1.9 billion in assets under management. According to FS Specialty Lending Fund, this AUM supports investments in event-driven credit and non-traditional credit strategies.

Will FS Specialty Lending Fund's monthly distribution stay the same after February 2026?

The Fund pays monthly cash distributions at a level rate that may be adjusted from time to time. According to FS Specialty Lending Fund, distribution amounts may change with portfolio and market conditions.