FSEP Prospectus
(dated 9/22/2015, supplemented through the most recent date below)


To view FSEP's filings with the Securities and Exchange Commission (SEC), click the link below.


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View FSEP's filings with the SEC

Note: To invest in FSEP, an investor is required to have either: (i) a net worth (not including home, furnishings and personal automobiles) of at least $70,000 and an annual gross income of at least $70,000, or (ii) a net worth (not including home, furnishings and personal automobiles) of at least $250,000. Some states, including, but not limited to, Alabama, Idaho, Iowa, Kansas, Kentucky, Maine, Massachusetts, Nebraska, North Dakota, Ohio, Oklahoma, Oregon and Tennessee, impose heightened suitability standards.

The revenues, income (or losses) and valuations of energy and power companies can fluctuate suddenly and dramatically due to a number of environmental, regulatory, political and general market risks, which has historically impacted our financial performance including the offering price and may continue to do so in the future.

*The public offering price is subject to a sales load of up to 10.0% and offering expenses of up to 1.5%. The public offering price is subject to change.

**The annualized distribution rate is expressed as a percentage equal to the projected annualized distribution amount per share (which is calculated by annualizing the regular weekly cash distribution per share as of the date indicated above without compounding), divided by the public offering price per share as of the date indicated above. The annualized distribution rate shown may be rounded. FSEP’s previous distributions to shareholders were funded in significant part by the reimbursement of certain expenses, including through the waiver of certain investment advisory fees, that are subject to repayment to its affiliate, Franklin Square Holdings, and its future distributions may be funded from such waivers and reimbursements. Significant portions of these distributions were not based on FSEP’s investment performance and such waivers and reimbursements by Franklin Square Holdings may not continue in the future. See FSEP’s filings with the SEC for additional information.

Corporate Governance

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