TAMPA,
Fla., March 1, 2024 /PRNewswire/ -- DoubleLine
Income Solutions Fund (the "Fund"), which is traded on the New York
Stock Exchange under the symbol DSL, this week declared a
distribution of $0.11 per share for
the month of March 2024. The
distributions are subject to the following ex-dividend, record and
payment dates set by the Fund's Board of Trustees.
March
2024
|
Declaration
|
Friday, March 1,
2024
|
Ex-Dividend
|
Wednesday, March 13,
2024
|
Record
|
Thursday, March 14,
2024
|
Payment
|
Thursday, March 28,
2024
|
This press release is not for tax reporting purposes. The press
release has been issued to announce the amount and timing of the
distributions declared by the Board of Trustees. There is a
possibility that distributions may include ordinary income,
long-term capital gains or return of capital. For information on
whether the distribution includes a return of capital, please
contact us on or after the distribution payment date. The amount of
distributable income and the tax characteristics of the
distributions are determined at the end of the taxable year. In
early 2025, 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 Income Solutions Fund
The Fund's primary investment objective is to seek high current
income; its secondary objective is to seek capital appreciation.
The Fund seeks to achieve its investment objectives by investing in
a portfolio of investments selected for their potential to provide
high current income, growth of capital, or both. DoubleLine Capital
LP ("DoubleLine"), the Fund's investment adviser, expects that the
Fund will normally invest at least 80% of its net assets (plus any
borrowings for investment purposes) in debt securities and other
income-producing investments anywhere in the world, including
emerging markets. The Fund may invest in mortgage-backed securities
of any kind and may invest without limit in securities rated below
investment grade (commonly referred to as "high yield" securities
or "junk bonds"). There is no guarantee that the Fund will achieve
its investment objectives. Investing in the Fund involves the risk
of principal loss.
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 (813) 791-7333 or by email at
info@doubleline.com. Media can reach DoubleLine by email at
media@doubleline.com. DoubleLine® is a registered trademark of
DoubleLine Capital LP.
To read about the DoubleLine Income Solutions Fund, please
access the Annual Report at
www.doubleline.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. Investors should note that the Fund
only can be obtained through a broker.
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.
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 great 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 DoubleLine Income Solutions
Fund (the "Fund") is a diversified, 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 statement) 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. A
Fund's Section 19a-1 Notice, if applicable, contains additional
distribution composition information and may be obtained by
visiting www.doubleline.com. Final determination of a
distribution's tax character will be made on Form 1099 DIV and sent
to shareholders. On a tax basis, as of Feb.
29, 2024, the estimated component of the cumulative
distribution for the fiscal year to date would include an estimated
return of capital of $0.034 (6%) 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.
Foreside Funds Services, LLC provides marketing review
services for DoubleLine Capital LP.
©2024 DoubleLine Capital LP.
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