LOS
ANGELES, Sept. 1, 2021 /PRNewswire/ -- The
DoubleLine Yield Opportunities Fund (the "Fund"), which is traded
on the New York Stock Exchange under the symbol DLY, has declared
a distribution of $0.1167 per
share for the month of September
2021.
The distribution is subject to the following ex-dividend, record
and payment dates set by the Fund's Board of Trustees.
September
2021
|
Declaration
|
Wednesday, Sept. 1,
2021
|
Ex-Dividend
|
Wednesday, Sept. 15,
2021
|
Record
|
Thursday, Sept. 16,
2021
|
Payment
|
Thursday, Sept. 30,
2021
|
This news release is not for tax reporting purposes. The news
release has been issued to announce the amount and timing of the
distribution declared by the Board of Trustees. Distributions may
include ordinary income, capital gains or return of capital. The
amount of distributable income and the tax characteristics of the
Fund's distributions are determined at the end of the taxable year.
In early 2022, 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 Yield Opportunities
Fund
The Fund's investment objective is to seek a high level of total
return, with an emphasis on current income. DoubleLine believes
active asset allocation across a broad range of fixed income
sectors with a disciplined approach to risk management offers
value-added opportunities for both income and capital growth. The
Fund cannot ensure that it will achieve its investment objective,
and investing in the Fund involves risks, including the risk that
you may receive little or no return on your investment or that you
may lose part or even all of your investment.
About DoubleLine Capital LP
DoubleLine Capital is an investment adviser registered under the
Investment Advisers Act of 1940. DoubleLine's offices can be
reached by telephone at (213) 633-8200 or by e-mail at
info@doubleline.com. Media can reach DoubleLine by
e-mail at media@doubleline.com. DoubleLine® is a
registered trademark of DoubleLine Capital LP.
To read about the DoubleLine Yield Opportunities Fund, please
access the Semiannual and Annual Reports, when available, at
www.doublelinefunds.com or call 877-DLINE11
(877-354-6311) 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.
An investment in the Fund involves certain risks
arising from, among other things, the Fund's ability to invest
without limit in debt securities that are at the time of investment
rated below investment grade or unrated securities judged by
DoubleLine to be of comparable quality (a category of investment
that includes securities commonly referred to as "high yield"
securities or "junk bonds"). Securities of below investment grade
quality are regarded as having predominantly speculative
characteristics with respect to the issuer's capacity to pay
interest and to repay principal when due. An investment in the Fund
is also subject to the risk of the use of leverage. 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 greater 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 Fund
is a non-diversified, limited term, 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 statements) 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.
Distributions include all distribution payments regardless of
source and may include net income, capital gains, and/or return of
capital (ROC). ROC should not be confused with yield or income. The
Fund's Section 19a-1 Notice, if applicable, contains additional
distribution composition information and may be obtained by
visiting www.doublelinefunds.com. Final determination of a
distribution's tax character will be reported on Form 1099 DIV and
sent to shareholders. On a tax basis, as of Nov. 30, 2020, the most recent available figure,
the estimated component of the cumulative distribution for the
fiscal year to date would include an estimated return of capital of
$0.0013 (1%) per share. This
amount is an estimate and the actual amounts and sources for tax
reporting purposes may change upon final determination of tax
characteristics and may be subject to changes based on tax
regulations.
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.
©2021 DoubleLine Capital LP.
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