Generate current income and long-term capital appreciation
FSEP is a non-traded business development company (BDC). The fund invests primarily in the debt and, to a lesser extent, equity securities of private U.S. energy and power companies.
FS Investment Advisor, LLC
An affiliate of FS Investments
Shareholder returns (without sales charge) are the total returns an investor received for the highlighted period taking into account all distributions paid during such period, compounded monthly. The calculation assumes that the investor purchased shares at FSEP’s public offering price, excluding selling commissions and dealer manager fees, at the beginning of the applicable period and reinvested all cash distributions pursuant to FSEP’s distribution reinvestment plan (DRP). Valuation as of the end of each period is the repurchase price pursuant to FSEP’s share repurchase program on such date. Shareholder returns (without sales charge) do not include selling commissions and dealer manager fees, which could total up to 10% of FSEP’s public offering price. Had such selling commissions and dealer manager fees been included, performance would be lower. Upon liquidation or repurchase, market conditions may cause the actual values to be more or less than the values shown.
The shareholder returns reflect FSEP’s expenses for each period shown. FSEP’s total expenses as a percentage of average net assets attributable to common shares was 5.55% for the year ended December 31, 2015.
The following are some of the risks an investment in our common shares involves; however, you should carefully consider all of the information found in the section of our prospectus entitled “Risk Factors” before deciding to invest in our common shares.
To invest in FSEP, an investor must have either (i) a net worth (not including home, furnishings and personal automobiles) of at least $70,000 and an annual gross income of at least $70,000, or (ii) a net worth of at least $250,000. Some states, such as Kansas, impose higher suitability standards. Please consult the prospectus for a detailed description of the suitability standards imposed on investors, including heightened standards required by certain states.
FSEP’s investment policy is to invest, under normal circumstances, at least 80% of its total assets in securities of energy and power companies. The revenues, income (or losses) and valuations of energy and power companies can fluctuate suddenly and dramatically due to a number of environmental, regulatory, political and general market risks, which have historically impacted FSEP’s financial performance, including our offering price, and may continue to in the future.
An investment in the common shares of FSEP involves significant costs and investors should review the information in FSEP’s prospectus regarding fees and expenses.
FS Investment Solutions, LLC | 201 Rouse Boulevard | Philadelphia, PA 19112.
877-372-9880 | Member FINRA/SIPC