LOS ANGELES, Feb. 1, 2018 /PRNewswire/ -- The DoubleLine
Opportunistic Credit Fund (the "Fund"), a closed-end fund traded on
the New York Stock Exchange under the symbol DBL, today declared a
distribution of $0.167 per share for
the month of February 2018. The
distribution is subject to the following ex-dividend, record and
payment dates set by the Fund's Board of Trustees.
February
2018
|
Declaration
|
Thursday, February 1,
2018
|
Ex-Dividend
|
Wednesday, February
14, 2018
|
Record
|
Thursday, February
15, 2018
|
Payment
|
Wednesday, February
28, 2018
|
This news release is not for tax reporting purposes. The release
has been issued to announce the amount and timing of the
distributions declared by the Board of Trustees. There is a
possibility that distributions may include ordinary income,
long-term capital gains or return of capital. The amount of
distributable income and the tax characteristics of the
distributions are determined at the end of the taxable
year. In early 2019, the Fund will send shareholders a Form
1099-DIV specifying how the distributions paid by the Fund during
the prior calendar year should be characterized for purposes of
reporting the distributions on a shareholder's tax return.
About DoubleLine Opportunistic Credit Fund
The DoubleLine Opportunistic Credit Fund (the "Fund") is a
diversified, closed-end management investment company. The Fund's
investment objective is to seek high total investment return by
providing a high level of current income and the potential for
capital appreciation. There is no guarantee that the Fund will
achieve its investment objective. Investing in the Fund involves
the risk of principal loss.
About DoubleLine Capital LP
DoubleLine Capital LP is a registered investment adviser under
the Investment Advisers Act of 1940. DoubleLine Capital and its
related companies ("DoubleLine") managed $118 billion in assets across all vehicles,
including open-end mutual fund, closed-end fund, exchange-traded
fund, hedge fund, variable annuity, UCITS, collective investment
trust and separate account as of the December 31 end of the fourth quarter of 2017.
DoubleLine's offices can be reached by telephone at (213) 633-8200
or by e-mail at info@doubleline.com. Media can e-mail DoubleLine at
media@doubleline.com. DoubleLine® is a registered trademark of
DoubleLine Capital LP.
Shares of closed-end investment companies frequently trade at a
discount to their net asset value, which may increase investors'
risk of loss. This risk may be greater for investors expecting to
sell their shares in a relatively short period after the completion
of the public offering. There are risks associated with
an investment in the Fund.
To read about the DoubleLine Opportunistic Credit Fund,
please access the Annual Report at
www.doublelinefunds.com or call 888.308.3838 to receive a
copy. Investors should consider the Fund's investment objective,
risks, charges and expenses carefully before investing. An
investment in the Fund should not constitute a complete investment
program.
This document is not an offer to sell securities or the
solicitation of an offer to buy securities, nor shall there be any
sale or offer of these securities, in any jurisdiction where such
sale or offer is not permitted.
Fund investing involves risk. Principal loss is
possible.
Shares of closed-end investment companies frequently trade at a
discount to their net asset value, which may increase investors'
risk of loss. This risk may be greater for investors
expecting to sell their shares in a relatively short period after
the completion of the public offering. There are risks
associated with investment in the fund.
Investments in debt securities typically decline in value
when interest rates rise. This risk is usually greater for
longer-term debt securities. Investments in asset-backed and
mortgage-backed securities include additional risks that investors
should be aware of including credit risk, prepayment risk, possible
illiquidity and default, as well as increased susceptibility to
adverse economic developments. Past performance is no
guarantee of future results. The fund may invest in foreign
securities which involve greater volatility and political, economic
and currency risks and differences in accounting methods. These
risks are greater for investments in emerging markets. Investments
in lower rated and non-rated securities present a great risk of
loss to principal and interest than higher rated securities.
Investment strategies may not achieve the desired results due to
implementation lag, other timing factors, portfolio management
decisions-making, economic or market conditions or other
unanticipated factors. In addition, the Fund may invest in other
asset classes and investments such as, among others, REITs, credit
default swaps, short sales, derivatives and smaller companies which
include additional risks. The DoubleLine Opportunistic
Credit Fund (the "Fund") is a diversified, closed-end management
investment company.
This material may include statements that constitute
"forward-looking statements" under the U.S. securities laws.
Forward-looking statements include, among other things,
projections, estimates, and information about possible or future
results related to the Fund, market or regulatory developments. The
views expressed herein are not guarantees of future performance or
economic results and involve certain risks, uncertainties and
assumptions that could cause actual outcomes and results to differ
materially from the views expressed herein. The views expressed
herein are subject to change at any time based upon economic,
market, or other conditions and DoubleLine undertakes no obligation
to update the views expressed herein. While we have gathered this
information from sources believed to be reliable, DoubleLine cannot
guarantee the accuracy of the information provided. Any discussions
of specific securities should not be considered a recommendation to
buy or sell those securities. The views expressed herein (including
any forward-looking statement) may not be relied upon as investment
advice or as an indication of the Fund's trading intent.
Information included herein is not an indication of the Fund's
future portfolio composition.
Past distribution history is not a projection of potential
future distributions. Distributions include all distribution
payments regardless of source and may include net income, capital
gains, and/or return of capital. Information regarding the source
of distributions other than net income may be found by calling 1
(877) 354-6311/1 (877) DLINE11.
Any tax or legal information provided is merely a summary of our
understanding and interpretation of some of the current income tax
regulations and is not exhaustive. Investors must consult their tax
advisor or legal counsel for advice and information concerning
their particular situation. Neither the Fund nor any of its
representatives may give legal or tax advice.
Quasar Distributors, LLC provides filing administration for
DoubleLine Capital LP.
©2018 DoubleLine Capital LP.
View original
content:http://www.prnewswire.com/news-releases/doubleline-opportunistic-credit-fund-declares-february-distribution-300585453.html
SOURCE DoubleLine