Ivy High Income Opportunities Fund Announces Monthly Distribution
August 30 2013 - 6:59AM
Business Wire
Ivy High Income Opportunities Fund (NYSE: IVH) today announced a
monthly distribution of $0.125 per common share for August 2013.
The distribution schedule for the month of August is as
follows:
Ex-Date
Record
Date
Payable
Date
Amount
Sept. 12, 2013 Sept. 16, 2013 Sept. 30, 2013 $0.125 per share
"As of the date of this statement, Fund assets are fully
invested. We continue to believe the Fund’s investment strategy and
flexibility position us to take advantage of market dislocation in
today’s volatile fixed income markets,” said Bryan Krug, portfolio
manager of the Ivy High Income Opportunities Fund.
The distribution is expected to be paid from net investment
income (regular interest and dividends). The final tax status of
the dividend may differ substantially from this preliminary
information, which is based on estimates, and the final
determination of such amount will be made in early 2014 when the
Fund can determine its earnings and profits for the 2013 fiscal
year.
Ivy High Income Opportunities Fund’s investment objective is to
seek to provide total return through a combination of a high level
of current income and capital appreciation. The Fund seeks to
achieve its investment objective by investing primarily in a
portfolio of high yield corporate bonds of varying maturities and
other fixed income instruments of predominantly corporate issuers,
including first- and second-lien secured loans. There can be no
assurance that the Fund will achieve its investment objective.
The price of the Fund’s shares will fluctuate with market
conditions and other factors. Closed-end funds frequently trade at
a discount from their net asset values (NAVs), which may increase
an investor’s risk of loss. At the time of sale, shares may have a
market price that is below NAV, and may be worth less than the
original investment.
Investing in high-income securities may carry a greater risk of
nonpayment of interest or principal than higher-rated bonds. Loan
participations carry other risks, including the risk of insolvency
of the lending bank or other intermediary. Loan participations may
be unsecured or not fully collateralized may be subject to
restrictions on resale and sometimes trade infrequently on the
secondary market.
An investment in the Fund is not appropriate for all investors
and is not intended to be a complete investment program. The Fund
is designed as a long-term investment and not as a trading
vehicle.
Past performance is not a guarantee of future results and future
distributions may be different. This or future distributions may
also be paid from net realized gains from portfolio investments,
unrealized gains, or in certain cases, a return of principal
(non-taxable distributions).
Ivy Investment Management Company (IICO) serves as the Fund’s
investment adviser. IICO is a wholly owned subsidiary of Waddell
& Reed Financial, Inc.
Ivy High Income Opportunities FundTamera Rheuport,
913-236-3712trheuport@waddell.com
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