THL Credit Senior Loan Fund (the “Fund”) (NYSE:TSLF) today
announced the declaration of its monthly distribution of $0.096 per
common share, payable July 31, 2018. Based on the Fund’s
share price of $17.20 as of its close on July 9, 2018, the
distribution represents an annualized yield of 6.70%.
Information regarding the distribution rate is included for
informational purposes only and is not necessarily indicative of
future results, the achievement of which cannot be assured.
The distribution rate should not be considered the yield or
total return on an investment in the Fund.
The following dates apply to this distribution:
Ex-Dividend Date:
July
18, 2018 Record Date:
July 19, 2018 Payable Date:
July
31, 2018
A portion of each distribution may be treated as paid from
sources other than undistributed net investment income, including
but not limited to short-term capital gain, long-term capital gain
or return of capital. As required by Section 19(a) of the
Investment Company Act of 1940, a notice will be distributed to the
Fund’s stockholders in the event that a portion of a monthly
distribution is derived from sources other than undistributed net
investment income. In January or February of each year,
investors will be sent a Form 1099-DIV for the previous calendar
year that will define how to report these distributions for federal
income tax purposes.
The investment return, price, yields, market value and net asset
value (NAV) of the Fund’s shares will fluctuate with market
conditions, and it is possible to lose money by investing in the
Fund. Closed-end funds frequently trade at a discount to NAV,
which may increase the investor’s risk of loss. There is no
assurance that the Fund will meet its investment objective.
Investment return and principal value will fluctuate. Pas
performance is not a guarantee of future results.
As previously announced, THL Credit Advisors LLC (“THL Credit”)
commenced servicing as the sole investment adviser to the Fund on
June 22, 2018, pursuant to an interim advisory agreement that was
approved by the Fund’s Board of Trustees (the “Interim THL
Agreement”). Under the Interim THL Agreement, the annual
advisory fee rate payable by the Fund has been reduced from 1.05%
to 0.80% of the value of the Fund’s average daily Managed
Assets. The Fund's shareholders are being asked to approve a
non-interim advisory agreement, subject to the same fee
arrangement, with THL Credit at the Fund's Annual Meeting of
Shareholders on August 3, 2018. In addition, THL Credit has
agreed to limit, indefinitely, certain non-management expenses
borne by the Fund to an amount not to exceed 0.25% per year of the
Fund’s Managed Assets (pro-rated for the period in 2018 during
which THL Credit serves as the Fund’s sole investment adviser).
About THL Credit Senior Loan Fund
The Fund is a non-diversified, closed-end management investment
company that is advised by THL Credit Advisors LLC. The
Fund’s investment objective is to provide current income and
preservation of capital primarily through investments in U.S.
dollar denominated senior secured corporate loans and notes (“Bank
Loans”). There can be no assurance that the Fund will achieve
its investment objective.
"Managed Assets" of the Fund means the total assets of the Fund
(including any assets attributable to borrowings for investment
purposes) minus the sum of the Fund's accrued liabilities (other
than liabilities representing borrowings for investment
purposes). Borrowings for investment purposes include any
form or combination of financial leverage instruments, such as
borrowings from banks or other financial institutions (i.e., a
credit facility), margin facilities, the issuance of preferred
shares or notes and leverage attributable to reverse repurchase
agreements, dollar rolls or similar transactions.
About THL Credit
THL Credit is an alternative credit investment manager for both
direct lending and broadly syndicated investments through public
and private vehicles, collateralized loan obligations, separately
managed accounts and co-mingled funds. THL Credit maintains a
variety of advisory and sub-advisory relationships across its
investment platforms, including THL Credit, Inc. (Nasdaq:TCRD), a
publicly traded business development company, and THL Credit Senior
Loan Fund (NYSE:TSLF), a non-diversified, closed-end management
investment company.
Forward-Looking Statements
Statements included herein may constitute “forward-looking
statements”, which relate to future events or our future
performance or financial condition. These statements are not
guarantees of future performance, condition or results and involve
a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described from time
to time in our filings with the Securities and Exchange
Commission. THL Credit Senior Loan Fund undertakes no duty to
update any forward-looking statements made herein.
Additional Information and Where to Find
It
On June 22, 2018, the Fund filed a definitive
proxy statement and other relevant materials (the "definitive proxy
statement") with the Securities and Exchange Commission ("SEC"),
copies of which were mailed to the Fund's shareholders of record on
June 13, 2018. THE FUND'S SHAREHOLDERS ARE URGED TO
READ THE DEFINITIVE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT
INFORMATION ABOUT THE FUND AND THE PROPOSALS SET FORTH THEREIN,
INCLUDING THE APPROVAL OF AN ADVISORY AGREEMENT WITH THL
CREDIT. Shareholders may obtain the definitive proxy
statement, and any other documents filed by the Fund with the SEC,
free of charge, from the SEC's website at www.sec.gov.
Shareholders also may obtain free copies of the definitive proxy
statement and other documents filed with the SEC from the Fund by
contacting the Fund at 1.844.409.6354.
Participants in the
Solicitation
The Fund and its Trustees and officers and employees of THL
Credit may be deemed to be participants in the solicitation of
proxies of the Fund's shareholders in connection with the Annual
Meeting. Shareholders of the Fund may obtain information
about the Fund's Trustees and executive officers, including their
beneficial ownership of the Fund's shares, and information about
THL Credit, in the Fund's annual report for the year ended December
31, 2017, filed as part of Form N-CSR with the SEC on March 1,
2018. More detailed information regarding the identity of
potential participants, and their direct or indirect interests, by
security holdings or otherwise, is set forth in the Fund's
definitive proxy statement. These documents may be obtained
free of charge from the sources indicated above.
Contact the Fund at 1.844.409.6354 or visit the Fund’s
website at http://thlcredittslf.com
for additional information.
Contact
Andrew Park THL Credit Advisors 212.829.3126
THL Credit Senior Loan (NYSE:TSLF)
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