GoldenTree Asset Management Resigns as Sub-Adviser to FS Credit Income Fund

FS Credit Income Fund, an alternative credit strategy sponsored by FS Investments, announced that it has received notice from its sub-adviser, GoldenTree Asset Management Credit Advisor, that it is resigning in its capacity as sub-adviser and terminating the investment sub-advisory agreement effective as of the close of business on Nov. 30, 2024.

According to the fund, FS Credit Income Advisor has and will continue to serve as investment adviser to the fund and oversee the management of the fund’s activities and investment decisions for the fund’s portfolio, and it will transition responsibilities delegated to GoldenTree in a manner that is in the best interests of the fund’s shareholders. GoldenTree will continue to serve as investment sub-adviser, subject to the oversight of FS Credit Income Advisor, through the announced termination date.

The fund said that shareholders will receive additional information regarding the fund’s transition in future disclosures.

According to the fund’s website, FS Credit Income Fund is an opportunistic, alternative credit solution that seeks to provide attractive total returns with an attractive level of income by dynamically investing across public and private credit. As of Oct. 10, 2024, the fund’s daily net asset value was $12.57 for Class I shares.

FS Investments manages more than $82 billion in assets, approximately $29 billion of which sits on its credit platform.

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