TORONTO, Jan. 20, 2023 (GLOBE NEWSWIRE) — (TSX: SSF.UN) Investors and investment advisors are invited to listen to a webinar, moderated by Larry Holzenthaler, Client Portfolio Manager, Nuveen Asset Management (“NAM”). It is discussed by Mr. Holzenthaler some recent examples in the US loan market and explains why NAM believes that loans provide an opportunity to invest high-quality funds in 2023. The presentation, recorded on January 11, 2023, can be viewed by clicking the following link:
Senior Loan Market Update – January 2023
Symphony Floating Rate Senior Loan Fund (“Fund”) invests exclusively in senior floating rate loans, the borrower’s most senior obligations and collateral. to the borrower’s assets. Senior loans have priority priority in securing repayment requests, ahead of bonds and equity. Senior loans offer higher returns and lower interest rates compared to traditional fixed asset classes. Symphony believes senior credit fundamentals remain strong as the U.S. economy continues to recover and is expected to remain low. the cost of corporate debt.
The Fund offers a $0.60 per unit annual dividend on its class A shares, paid monthly, which represents a cash dividend yield of 8.8% per annum as of January 18, 2023. TSX closing price. The Fund is available for trading on the Toronto Stock Exchange under the symbol SSF.UN.
About Brompton Funds
Founded in 2000, Brompton is an experienced investment fund manager with financial risk-based investments that include TSX traded closed-end funds and currency exchange. For more information, please contact your investment advisor, call Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001) , email info@bromptongroup.com or visit our website at www.bromptongroup.com.
About Nuveen Asset Management
Nuveen Asset Management, LLC (“NAM”), is the sub-adviser for the Symphony Floating Rate Senior Loan Fund. NAM specializes in credit management and related processes including senior loans. NAM, a registered investment advisor, has been in business for over three decades and had a total of US $252 billion in assets under management as of September 30, 2022. NAM is an indirect subsidiary of Nuveen, LLC which is a subsidiary of the Teachers Insurance and Annuity Association of America.
| Annual Work1 | 1-Yr | 3-Yr | 5-Yr | 10-Yr | SI2 | |||||
| Symphony Floating Rate Senior Loan Fund – Class A | -7.1 | % | 0.4 | % | 1.7 | % | 3.2 | % | 4.2 | % |
| Symphony Floating Rate Senior Loan Fund – Class U | -7.2 | % | 0.7 | % | 2.0 | % | 3.2 | % | 4.1 | % |
(1) Refunds are for expired periods December 31st, 2022 and untested. The chart shows the Fund’s earnings for each of the periods indicated..(2) Start date: November 1, 2011.
You usually pay transaction fees at your dealership if you buy or sell mutual fund units on the Toronto Stock Exchange or other exchanges. Canadian stock (a “trade”). If the units are bought or sold in a transaction, investors may pay more than the current asset value when they are purchased. from the units of the mutual fund and may yield less than the current asset value if sold.
There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents containing key information about the Fund. You can find more detailed information about the Fund in the public filings available at www.sedar.com. The rate of return refers to the annual compounded rate of return that includes changes in the stock price and the reinvestment of all dividends. and does not take into account certain fees such as redemption costs or income taxes paid by any securities holder that may reduce returns. Investments are not guaranteed, their prices change frequently and cannot be repeated in the past. The amount of distributions may vary from month to month and there is no guarantee that the Fund will make any distributions in any month.
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements may relate to the matters described in this press release and to other matters referred to in the statements. public information relating to the Fund, the Fund’s future prospects and expected events or results and may include information about on the future financial performance of the Fund. . In some cases, forward-looking statements can be identified by terms such as “may”, “may”, “should”, “expect”, “plan”, “anticipate”, “believe”, ” expected”, “estimated”, “forecasted”, “potentially”, “continuing” or other similar terms relating to non-historical matters. Actual results may differ from such statements. Investors should not place too much reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.
Important Notice
The above material in the Senior Loan Market Update – January 2023 (the “Announcement”) is intended for information and discussion purposes only. The information provided in the Notice is believed to be technically correct as of the date, but no representation or warranty (express or implied) is made as to the accuracy or completeness of any of this information. The data is taken from reliable sources, but its accuracy cannot be guaranteed. The information contained herein reflects opinions as of the date of writing and is subject to change without notice. Nothing contained in the Presentation is relied upon or intended as a promise or representation of past or future performance. .
This Announcement is not information and is not an offer to the public. No public offer or advertisement of investment services or securities is intended to be effected by the posting of the Notice. It is not intended to provide specific investment advice including, without limitation, investment, financial, legal, financial information or of taxes, or making any advice as to the suitability of any investor.
Notice to people in Canada: Nuveen Asset Management, LLC is exempt from registration as an adviser in Ontario because it meets all the criteria of an “exempt international adviser.” It needs to take certain steps to rely on that exemption, one of which is to give its customers notice of certain issues. Notice is hereby given that:
1. Nuveen Asset Management, LLC is not registered as a ‘short manager’ in Ontario or any other province or territory of Canada.
2. Nuveen Asset Management, LLC has its registered office at 901 Marquette Ave., Minneapolis, Minnesota, 55402, USA
3. The principal address for service of process on Nuveen Asset Management, LLC is: Torys LLP, 79 Wellington Street West, Suite 3000, Box 270, TD Centre, Toronto, Ontario, Canada M5K 1N2
4. It may be difficult to enforce legal rights against a non-resident adviser because he is domiciled outside of Canada and all or most of his assets are expatriate. of Canada.