FS CREDIT INCOME ADVISOR, LLCPermanent Waiver of Portion of Management Fee • April 10th, 2018 • FS Credit Income Fund
Pursuant to the investment advisory agreement between FS Credit Income Fund (“FSCI”) and FS Credit Income Advisor, LLC (“FS Credit Income Advisor”), dated as of September 18, 2017 (as may be amended and restated from time to time) (the “Advisory Agreement”), FSCI has agreed to pay FS Credit Income Advisor a management fee of 1.75% of the average daily value of FSCI’s gross assets, payable quarterly in arrears. This letter serves to confirm that FS Credit Income Advisor has agreed, effective April 6, 2018, to permanently waive a portion of the management fee to which it is entitled under the Advisory Agreement so that the fee received equals 1.60% of the average daily value of FSCI’s gross assets.
