Franklin Square BDC Investments | Goodman & Nekvasil P.A. May Recover Investor Losses
According to Publicly Available Sources:
FSKR, the publicly traded BDC called FS KKR Capital Corp. (NYSE: FSKR), was created by the merger of four Franklin Square non-traded BDCs in December 2019:
- FS Investment Corporation II (FSIC II)
- FS Investment Corporation III (FSIC III)
- FS Investment Corporation IV (FSIC IV)
- Corporate Capital Trust II (CCT II).
In June 2020, the shares of FSKR were listed on the NYSE, and a 4-1 reverse stock split was instituted, priming-up the share price to about $14. For those unlucky investors who originally invested in the non-traded BDCs, that did them little good, it just consolidated the number of shares they had valued at about $3.50 per share. Further evidence of the devalued share price are the back to back unsolicited tender offers by vulture fund McKenzie Capital Partners, which offered to buy shares of FSKR at $4.10 per share, and then, only a few days later, reduced that to a mere $1.50 per share.
Investors in Franklin Square BDC Investments May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in a Franklin Square Investment Corporation, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $200 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses in Franklin Square BDC Investments and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.