Nontraded BDC to list shares on NYSE
By Bruce Kelly
Nontraded real estate investment trusts for the past year have been steadily listing on stock exchanges, merging with other REITs, or announcing such plans, providing investors with liquidity or hopes for liquidity.
Now, a nontraded business development company will take a turn at a liquidity event.
FS Investment Corp., with $4.6 billion in assets, said Wednesday that it would be the first nontraded BDC to have its shares listed on the New York Stock Exchange.
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