13:43:46 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Symphony Floating Rate Senior Loan Fund
Symbol SSF
Shares Issued 6,927,191
Close 2023-12-20 C$ 6.62
Market Cap C$ 45,858,004
Recent Sedar Documents

Symphony Floating Rate estimates special distributions

2023-12-20 16:32 ET - News Release

An anonymous director reports

SYMPHONY FLOATING RATE SENIOR LOAN FUND DECLARES SPECIAL YEAR END DISTRIBUTIONS

For the year ended Dec. 31, 2023, Symphony Floating Rate Senior Loan Fund estimates that it will generate income in excess of the previously announced distributions for the year. As a result, the fund announces special distributions estimated to be three cents per Class A unit and five U.S. cents per Class U unit to unitholders of record at the close of business on Dec. 29, 2023. The distributions will automatically be reinvested in additional Class A units and Class U units, as applicable. Immediately following issuance, the Class A units and Class U units, as applicable, will be automatically consolidated and, as a result, unitholders of the applicable class will hold the same number of units of the applicable class after the distribution as they held before it. The estimated amounts of automatic reinvestment, as noted herein, may change depending on any other transactions occurring before year-end and the actual income for the year as finally determined. The adjusted cost base of a holder's units will be increased by the amount of the distribution reinvested as of Dec. 29, 2023.

Class A units have delivered a year-to-date total return of 10.4 per cent as of Nov. 30, 2023. Class A unitholders receive monthly distributions, currently in the amount of five cents per unit (60 cents per annum), representing a 9-per-cent distribution rate based on the closing market price of the Class A units on Dec. 18, 2023.

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