Franklin Square’s FSIC III Announces Second Quarter Financials and Conference Call

FS Investment Corporation III, a business development company sponsored by Franklin Square, announced its operating results for the quarter ended June 30, 2016.

FSIC III will hold a conference call to discuss these results at 1:00 p.m. Eastern Time on Tuesday, August 16, 2016. Information for those interested in participating on the call can be found below.

“We are pleased with our second quarter performance and our ability to invest during bouts of market volatility” commented Michael Forman, chairman and chief executive officer of FSIC III. “We remained focused on investing in the senior secured, floating rate debt of U.S. middle market companies, which we expect will help drive long-term performance and preserve capital.”

Financial Highlights for the Second Quarter:

· Net investment income of $0.16 per share, compared to $0.15 per share for the quarter ended June 30, 2015

· Net increase in net assets resulting from operations of $0.55 per share, compared to $0.16 per share for the quarter ended June 30, 2015

· Net realized gain (loss) of $(0.04) per share, compared to $0.01 per share for the quarter ended June 30, 2015

· Net change in unrealized appreciation (depreciation) of $0.42 per share, compared to negligible depreciation for the quarter ended June 30, 2015

· Paid regular cash distributions to stockholders totaling approximately $0.18 per share

Portfolio Highlights:

· The fair value of FSIC III’s investments was approximately $3.0 billion

· FSIC III’s portfolio consisted of investments in 123 portfolio companies

· Committed approximately $106.4 million to direct originations

· Core investment strategies represented 91 percent of the portfolio by fair value, including 67 percent in direct originations and 24 percent in opportunistic investments. Broadly syndicated/other investments represented 9 percent of the portfolio by fair value

· Gross portfolio yield prior to leverage (based on amortized cost and excluding non-income producing assets) was 9.8 percent, compared to 10.3 percent as of June 30, 2015

· Non-accruals represented 1.3 percent of the investment portfolio based on fair value

Quarterly Stockholder Conference Call:

FSIC III will host a conference call at 1:00 p.m. (Eastern Time) on Tuesday, August 16, 2016, to discuss its second quarter 2016 results. All interested parties are welcome to participate. You can access the conference call by dialing (877) 443-2408 and using conference ID 52266058 approximately 10 minutes prior to the call.

A replay of the call will be available beginning shortly after the end of the call for a period of 30 days following the call by visiting FSIC III’s “Literature” page at http://www.franklinsquare.com.

FSIC III focuses primarily on investing in the debt securities of private companies throughout the United States. The company is advised by FSIC III Advisor, an affiliate of Franklin Square, and is sub-advised by GSO/Blackstone Debt Funds Management.

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