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FS ENERGY & POWER FUND FILES (8-K) Disclosing Results of Operations and Financial Condition, Submission of Matters to a Vote of Security Holders

June 25, 2014



Item 2.02. Results of Operations and Financial Condition.

On June 24, 2014, FS Energy and Power Fund (the "Company") increased its public offering price from $10.90 per share to $10.95 per share. The increase in the public offering price was effective as of the Company's June 25, 2014 weekly closing and first applied to subscriptions received from June 18, 2014 through June 24, 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 Company's 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 $10.95 and $11.10 per share. The Board has not yet determined that a further adjustment to the newly-established offering price of $10.95 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.

Item 5.07. Submission of Matters to a Vote of Security Holders.

The Company held its annual meeting of shareholders (the "Annual Meeting") on June 24, 2014. As of April 21, 2014, the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting, 208,730,500 common shares of beneficial interest were eligible to be voted, and 71,694,347 of those shares were voted in person or by proxy at the Annual Meeting.

Shareholders were asked to consider and act upon:

Proposal No. 1 - the election of ten members of the board of trustees of the

Company to serve until the 2015 annual meeting of shareholders and until

their successors are duly elected and qualified; and

Proposal No. 2 - the ratification of the appointment of McGladrey LLP as the

Company's independent registered public accounting firm for the fiscal year ending December 31, 2014.



All trustee nominees listed in the Company's 2014 proxy statement were elected by the Company's shareholders at the Annual Meeting. The votes for, votes withheld and broker non-votes for each trustee nominee are set forth below:

Nominee Votes For Votes Withheld Broker Non-Votes David J. Adelman 59,033,658 1,585,316 11,075,373 Sidney R. Brown 59,031,377 1,587,597 11,075,373 Gregory P. Chandler 58,983,521 1,635,453 11,075,373 Michael C. Forman 59,030,941 1,588,033 11,075,373 Richard I. Goldstein 59,022,553 1,596,421 11,075,373 Thomas J. Gravina 58,551,746 2,067,228 11,075,373 Michael J. Heller 59,037,339 1,581,635 11,075,373 Charles P. Pizzi 59,000,732 1,618,242 11,075,373 Richard W. Vague 59,046,708 1,572,266 11,075,373 R. Richard Williams 59,008,453 1,610,521 11,075,373



The proposal to ratify the appointment of McGladrey LLP as the Company's independent registered public accounting firm for the year ending December 31, 2014 was also approved by the Company's shareholders at the Annual Meeting. The votes for, votes against, abstentions and broker non-votes are set forth below:

Votes For Votes Against Abstentions Broker Non-Votes 69,829,886 529,504 1,334,957 0 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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Source: Edgar Glimpses


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