TORONTO, January 20, 2021 (GLOBE NEWSWIRE) – (TSX: SSF.UN) Investors and Investment Advisors are invited to listen to a webinar, hosted by Larry Holzenthaler, Investment Strategist, Nuveen Asset Management (“NAM”). Mr. Holzenthaler discusses some of the recent trends in the US senior lending market and explains why NAM believes lending fundamentals remain positive. The presentation, recorded on January 14, 2021, can be viewed by clicking on the following link:
Symphony Senior Floating Rate Senior Loan Fund (the “Fund”) invests primarily in senior variable rate loans, which are the highest priority corporate bonds of a borrower and are secured by the assets of the borrower. Senior Loans have a first priority secured claim on repayment, ahead of bonds and equity. Senior loans offer a high level of income and low interest rate risk compared to traditional fixed income asset classes. Symphony believes senior credit fundamentals remain strong as US economic growth remains intact and corporate default rates are expected to remain low.
The Fund offers an annual distribution of $ 0.48 per unit, paid monthly, which represents a cash distribution rate of 6.6% per year based on the closing price on the TSX on January 15, 2021. The Fund is available for purchase on the Toronto Stock Exchange under the symbol SSF.UN.
About the Brompton funds
Founded in 2000, Brompton is an experienced investment fund manager providing income-oriented investment solutions, including TSX-traded closed-end funds and exchange-traded funds. For more information, please contact your Investment Advisor, call Brompton Investor Relations Line at 416-642-6000 (toll free at 1-866-642-6001), email [email protected] or visit our website at www.bromptongroup.com.
About Nuveen Asset Management
Nuveen Asset Management, LLC, is the sub-advisor of Symphony Floating Rate Senior Loan Fund. NAM specializes in managing debt and equity strategies, including senior loan portfolios. NAM, a registered investment advisor, has been in business for over thirty years and managed a total of over US $ 213 billion in assets under management as of September 30, 2020. NAM is an indirect subsidiary of Nuveen, LLC, which is a subsidiary of Teachers. Insurance and Annuity Association of America.
|Annual return1||1 year||3 years||5 years||IF2||IF3|
|Symphony Senior Floating Rate Loan Fund – Class A||(4.4%)||0.9%||4.5%||4.5%||–|
|Symphony Senior Floating Rate Loan Fund – Class C||(3.5%)||1.0%||–||–||1.5%|
|Symphony Senior Variable Rate Loan Fund – Class F||(4.3%)||1.0%||–||–||1.5%|
|Symphony Senior Floating Rate Loan Fund – Class U||(3.2%)||1.5%||4.6%||4.4%||–|
(1) Returns are for the periods ended December 31, 2020. The table shows the compound returns of the Fund for each period shown.
(2) Creation date: November 1, 2011
(3) Creation date: January 10, 2017
You will usually pay brokerage fees to your dealer if you buy or sell units of the investment fund on the Toronto Stock Exchange or other Canadian trading system (an “exchange”). If units are bought or sold on a stock exchange, investors may pay more than the current net asset value when they buy units of the investment fund and may receive less than the current net asset value when they sell them.
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 documents available at www.sedar.com. The rates of return shown are historical annual compound total returns, including changes in unit value and the reinvestment of all distributions and do not take into account certain charges such as redemption fees or income taxes payable by. any holder of securities that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. The amount of distributions may fluctuate from month to month and there can be no assurance that the Fund will make any distribution in any
Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and other matters identified in public documents relating to the Fund, the future prospects of the Fund and anticipated events or results and may include statements regarding performance. financial future of the Fund. . In some cases, forward-looking information may be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “have the intention to “,” estimate “,” foresee “,” potential “,” continue “or other similar expressions concerning matters which are not historical facts. Actual results may differ from this forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.