Symphony Floating Rate Senior Loan Fund Announces Monthly Distribution, Payable on November 14, 2022, December 14, 2022 and January 16, 2022
October 24, 2022 at 04:59 pm
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Symphony Floating Rate Senior Loan Fund announced monthly distributions of $0.05 per unit, payable on November 14, 2022, December 14, 2022 and January 16, 2022, with record date of October 31, 2022, November 30, 2022, and December 30, 2022, respectively. The company announced a distribution in the amount of USD 0.047 per Class U Unit for the above noted record and payment dates.
Symphony Floating Rate Senior Loan Fund (the Fund) is a mutual fund trust. The Fundâs investment objectives are to provide unitholders with monthly distributions and to preserve capital. The Fund invests in an actively managed diversified Portfolio consisting primarily of short duration senior secured floating rate corporate loans typically issued by non-investment grade companies, with exposure gained through direct purchase of senior loans made by banks or other financial institutions to borrowers, assignments of such interest in senior loans, and participation interests in senior loans. The Fundâs portfolio includes various sectors such as communication services, Consumer discretionary, Consumer staples, energy, health care, utilities, Financials, industrials, real estate, and Information technology. The Fund is managed by Brompton Funds Limited.