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FS KKR Capital Corp. II (FSKR)

NYSE - NYSE Delayed Price. Currency in USD
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21.66+0.26 (+1.21%)
At close: 4:00PM EDT
21.66 -0.01 (-0.05%)
After hours: 04:00PM EDT
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  • E
    EQ
    About to dump $nio. Drop my returns here $fskr?
  • b
    bills
    ER looks pretty good. Up almost 3% AH!
  • S
    Steve O
    Bought this as a non-traded REIT in 2015. Lost control of my money for 5 years, now that it has liquidated I can get almost half of it back. Not very happy. Probably time to change financial planners.
  • J
    John
    Have a friend who invested in this. They are considering joining the class action lawsuit with the Gibbs Law Group. Thoughts?
  • W
    WheelinDealin
    FSKR's board of directors has declared a cash distribution for the third quarter of $0.55 per share, which will be paid on or about October 1, 2020 to stockholders of record as of the close of business on September 16, 2020.
  • E
    Easy Pop
    Is this worth buying? It's 55% below NAV if that can be trusted. It's almost 70% below my purchase price. It can be hard to exactly figure it's performance because of all the systematic payments from this, two other Franklin Square investments, and a Hines REIT all through my Ameriprise broker, but totaling all the payments for all four and their remaining market value on the statements, these have earned .6% (point 6%) a year. He thinks it is worth keeping but what credibility does he have? Without a ratings history as I mentioned below Ameriprise brokers can't officially recommend it, but he does think FSK is worth buying. That didn't go well for the original investors either. Consider the performance of the overall market for the last 6 years (the length of my ownership in these alternative investments) and they have done extremely poorly. I was warned by a different Ameriprise rep these benefit the broker cause the back door commissions are so high and aren't regulated sufficiently. Anyone in this has a bit of money - which doesn't mean you want to loose more - so worth a good nights sleep. All of this industry is down. An index fund like BDCS paying 12% would be an alternative, or in addition to imo.
  • M
    Maria
    I have 2600 shares that were bought in 2014. Thankful for the dividends but obviously quite large losses on capital now. Has anyone started to work with the law firm that advertises class action?
  • D
    Dave
    The bots will be working hard till Jan 20, this one has over 13,000 posts saying the same thing over and over. They are trying to take down the market and play us against each other. It's funny, but too many people are taking it seriously.
  • d
    dan
    Wrong again uncle
  • s
    simon
    While we had this as a REIT, it was paying a dividend of 6%, will that dividend still be going forward or did that stop once it was converted into a stock on the NYSE? Seems like another mistake when I purchased this, but at least it was paying some money back for the past 5+ years.
  • E
    EQ
    $fskr is next big boom?
  • S
    Steve
    Question, for anyone but uncle. The NAV, based on the mark-to-market value of the portfolio loans was appraised at the end of Q1 at $24.68. Clearly the borrowers in the most vulnerable sectors have suffered. But the rest of the portfolio has very likely improved over the past quarter. What are the odds the NAV increases and what impact would that have on the share price?
  • M
    MichaelS
    How can a stock/ company with no profits pay a dividend?
  • B
    Brian
    Trading at almost 50% of the last posted NAV.
  • R
    Richard
    It looks interns are running this.
  • S
    Steve
    $FSK and $FSKR are at the same book value as of Q4 - so the merger ratio will be 1:1
  • b
    bills
    Hey uncle. There are only 3 or 4 people on this board, and you're muted by all of us.
  • S
    Steve
    They've made their share of mistakes in the going public process, but their portfolio is sound and we get paid a 15% dividend to wait for the recovery. I can live with that!
  • D
    Doug
    why up .50 today, can we get some news ?
  • S
    Steve O
    If the merger with FSK goes through, which I believe it will, it will be important to compare share price to NAV for both as the merger approaches. Right now FSK is trading at 71% of NAV, FSKR at 67%. So it would make sense to hold on to FSKR. If the situation reverses I will unload. Of course, even if it were trading at 100% of NAV I'd be out a bundle.

    On another note, be sure to mute Uncle if you haven't already done so.