FS ENERGY & POWER FUND FILES (8-K) Disclosing Results of Operations and Financial Condition

Edgar Glimpses |

Item 2.02. Results of Operations and Financial Condition.

On July 1, 2014, FS Energy and Power Fund (the "Company") increased its public offering price from $10.95 per share to $11.00 per share. The increase in the public offering price was effective as of the Company's July 2, 2014 weekly closing and first applied to subscriptions received from June 25, 2014 through July 1, 2014.

The purpose of the increase in the public offering price was to ensure that the Company's net asset value per share did not exceed the Company's offering price per share, after deducting selling commissions and dealer manager fees, as required by the Investment Company Act of 1940, as amended.

Share Price Guidance

If the Company's strong portfolio performance continues, causing its net asset value per share to exceed its increased net offering price, the board of trustees (the "Board") may further increase the per share offering price of the Company's common shares for its future weekly closings. The Board expects that, if adjusted further, the per share public offering price will be between $11.00 and $11.15 per share. The Board has not yet determined that a further adjustment to the newly-established offering price of $11.00 per share will be necessary. In the event the Board determines to adjust its current offering price, a separate announcement will be issued. There can be no assurance that the amount of the weekly cash distributions payable to the Company's shareholders, if any, will increase in the event that the Company further increases its public offering price in the future.

Forward-Looking Statements

This Current Report on Form 8-K may contain certain forward-looking statements, including statements with regard to the future performance and operations of the Company. Words such as "believes," "expects," "projects" and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the filings the Company makes with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Symbol Name Price Change % Volume
MAGE Magellan Gold Corp 0.07 0.00 0.00 0


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