Mr. Stephen Kangas reports

SENIOR SECURED FLOATING RATE FUND ANNOUNCES NORMAL COURSE ISSUER BID

Senior Secured Floating Rate Loan Fund has received acceptance from the Toronto Stock Exchange for the fund's notice of intention to make a normal course issuer bid.

Pursuant to the NCIB, the fund proposes to purchase through the facilities of the TSX, from time to time, if it is in the best interests of the fund, up to 1,059,085 Class A units of the fund, representing approximately 10 per cent of the public float. As of Sept. 30, 2015, the fund had 10,590,857 issued and outstanding units. The fund will not purchase in any given 30-day period, in aggregate, more than 211,817 units, being 2 per cent of the issued and outstanding units as of Sept. 30, 2015.

Fiera Capital Corp., the manager of the fund, believes that such purchases are in the best interests of the fund. All purchases will be made through the facilities of the TSX in accordance with its rules and policies. All units purchased by the fund pursuant to the NCIB will be cancelled. The NCIB will commence on Oct. 9, 2015, and will expire on Oct. 8, 2016.