FS Energy & Power Fund — A Business Development Company

FS Energy & Power Fund, or FSEP, is a unique alternative investment fund designed for the investing public that invests in the U.S. energy and power industry. The fund is sub-advised by GSO / Blackstone, a leading alternative investment firm, and invests primarily in the debt and income-producing equity securities of private companies involved in the vast domestic infrastructure required to locate, produce and deliver energy and power. The Fund's investment objective is to generate current income and long-term capital appreciation.* Visit the FS Energy & Power Fund website for details.

More about FS Energy & Power Fund...
As defined above, FSEP has a unique strategy that differs from traditional funds focused on this industry for several reasons.

1. It provides access to private companies. FSEP invests primarily in income-oriented securities of private U.S. companies in the upstream, midstream, downstream, power, and services & equipment sub-sectors. It will seek established, stable enterprises with strong cash flows and valuable assets.
2. It focuses on infrastructure. FSEP will favor companies that form the backbone of the industry by moving energy and power along the entire cycle from source to consumer. These infrastructure players - involved in extracting, processing and transporting energy - stand to gain as the volume of energy demanded grows.
3. It is income-oriented. FSEP seeks to generate current income and long-term capital appreciation for its investors. It attempts to balance the benefits of a relatively conservative fixed income investment with the potential for growth in value.
4. Its investment platform is flexible. FSEP primarily invests in income-oriented securities of private energy-related companies, such as loans secured by the assets of the companies in which it invests. In addition, the Fund will also hold carefully selected equity investments that are judged to adequately protect against downside scenarios while generating income and potential capital appreciation.
5. It is sub-advised by elite asset managers. GSO, a subsidiary of one of the world's leading alternative asset managers, The Blackstone Group, carefully recommends the assets to be held by the Fund. FSEP is the first and only energy-focused fund that enables the investing public to benefit from GSO's extensive expertise in energy and debt investing.

Keep in mind, FSEP is subject to certain risks. It is a new company with no operating history and is subject to a number of business risks, including interest rate risk and the risk that FSEP may not achieve its investment objectives.

Visit FS Energy & Power Fund for more information regarding FSEP's features and risks.

*There are no assurances that these objectives will be met.