Ivy High Income Opportunities Fund Announces Annual Meeting of Shareholders Results
September 05 2019 - 4:30PM
Business Wire
Ivy High Income Opportunities Fund (NYSE: IVH) today announced
that at the Annual Meeting of Shareholders held on Friday, August
30, 2019, its shareholders voted 1) to elect the Fund’s nominees to
the Fund’s Board of Trustees (the “Board”) and 2) for a shareholder
proposal for the Board to consider declassifying the Board so that
Trustees are elected on an annual basis. The final results, as
certified by the independent inspector of elections, will be
published in the Fund’s next report to shareholders.
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 Fund is a non-diversified, closed-end management investment
company. 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 upon their sale.
The Fund’s investments in below investment grade securities
(commonly referred to as “high yield securities” or “junk bonds”)
may carry a greater risk of nonpayment of interest or principal
than higher-rated bonds. Loans (including loan assignments, loan
participations and other loan instruments) carry other risks,
including the risk of insolvency of the lending bank or other
intermediary. Loans 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.
Ivy Investment Management Company (IICO) serves as the Fund’s
investment adviser. IICO is a wholly-owned subsidiary of Waddell
& Reed Financial, Inc.
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Mike Daley Vice President – Chief Accounting Officer &
Investor Relations (913) 236-1795
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