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DOUBLELINE INCOME SOLUTIONS FUND - DSL STOCK NEWS

Welcome to our dedicated page for DOUBLELINE INCOME SOLUTIONS FUND news (Ticker: DSL), a resource for investors and traders seeking the latest updates and insights on DOUBLELINE INCOME SOLUTIONS FUND stock.

DoubleLine Income Solutions Fund (DSL) is a closed-end fund managed by DoubleLine Capital LP. The fund primarily aims to deliver high income to its investors while its secondary objective is capital appreciation. DSL invests across a diverse range of securities including money market funds, foreign corporate bonds, U.S. corporate bonds, bank loans, collateralized loan obligations, and municipal bonds.

The fund's portfolio spans various sectors such as Healthcare, Technology, Construction, Automotive, Insurance, Beverage, Pharmaceuticals, Leisure, and more. This diversification allows DSL to mitigate risk and seize opportunities across different economic cycles.

DoubleLine Capital, the investment adviser behind DSL, is known for its robust financial management and strategic investment approaches. The firm has recently reinforced its team with the addition of Rudy Garza, CFA, as a Relationship Manager to expand its institutional client base in the Western United States. Garza brings a wealth of experience in business development and institutional investor relations from reputable firms like Polar Capital and PIMCO.

Additionally, DoubleLine's latest research led by Robert Cohen, Director of Global Developed Credit, and Product Specialist Colin Callahan, suggests a promising outlook for investment-grade corporate credit. Their findings indicate that the yield, duration, and credit quality metrics currently present a unique opportunity to build high-quality portfolios with potentially high single-digit returns and limited downside risk.

DoubleLine also emphasizes diversification in equity investments. Portfolio Managers Samuel Lau and Jeff Mayberry advocate for moving away from market-cap-weighted strategies, particularly given the current dominance of a few large stocks in the S&P 500. They recommend the DoubleLine Shiller Enhanced CAPE mutual fund, the DoubleLine Shiller CAPE U.S. Equities ETF, and the DoubleLine Fortune 500 Equal Weight ETF as alternatives to traditional equity investment strategies.

DoubleLine Capital offers a wealth of financial products and has built a solid reputation for its innovative and effective investment strategies. For media inquiries or more information, DoubleLine's offices can be contacted by telephone at (813) 791-7333 or via email at info@doubleline.com.

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DoubleLine Income Solutions Fund (NYSE: DSL) has declared a distribution of $0.11 per share for October 2024. The key dates are:

  • Declaration: Tuesday, Oct. 1, 2024
  • Ex-Dividend: Wednesday, Oct. 16, 2024
  • Record: Wednesday, Oct. 16, 2024
  • Payment: Thursday, Oct. 31, 2024

The press release notes that this announcement is not for tax reporting purposes. The distribution may include ordinary income, long-term capital gains, or return of capital. Shareholders will receive a Form 1099-DIV in early 2025 detailing the tax characteristics of the distributions for the prior calendar year.

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DoubleLine Portfolio Manager Andrew Hsu and ABS Trader Michael Fine have released a research paper titled 'The State of the U.S. Consumer Through the Lens of Asset-Backed Securities'. The study combines macroeconomic data with high-frequency asset-backed securities (ABS) data to analyze consumer behavior.

Key findings include:

  • U.S. consumers show persistent resilience, likely due to a strong residential mortgage market, robust labor market, and pandemic-era savings.
  • Potential risks exist, including depletion of savings, wage stagnation, rising unemployment, and high consumer prices.
  • DoubleLine finds attractive relative value in select ABS consumer market areas.
  • Prepayments, defaults, and loss severities remain within reasonable historical average moving bands.
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DoubleLine ETF Adviser LP has reduced the management fee for the DoubleLine Mortgage ETF (NYSE Arca: DMBS) from 49 to 39 basis points of the fund's average daily net asset value. The ETF, launched in 2023, primarily invests in residential mortgage-backed securities (RMBS), aiming to outperform the Bloomberg US Mortgage-Backed Securities Index. The fee reduction comes as a result of the fund's growth in net assets, allowing DoubleLine to pass on operating efficiencies to investors.

The Mortgage ETF is actively managed by a team led by Jeffrey Gundlach, Vitaliy Liberman, and Ken Shinoda. It focuses on high-quality RMBS, including both Agency and non-Agency MBS, with the flexibility to invest in other fixed income securities. The fund's portfolio duration is typically managed within two years of its benchmark.

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DoubleLine Income Solutions Fund (NYSE: DSL) has announced its September 2024 distribution of $0.11 per share. The distribution schedule is as follows:

  • Declaration: Tuesday, Sept. 3, 2024
  • Ex-Dividend: Wednesday, Sept. 18, 2024
  • Record: Wednesday, Sept. 18, 2024
  • Payment: Monday, Sept. 30, 2024

The Fund clarifies that this press release is not for tax reporting purposes. The tax characteristics of the distributions will be determined at the end of the taxable year. Shareholders will receive a Form 1099-DIV in early 2025 specifying how to report the distributions on their tax returns.

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The DoubleLine Yield Opportunities Fund (DLY) has announced its September 2024 distribution of $0.1167 per share. The Fund, traded on the New York Stock Exchange, has set the following dates for this distribution:

  • Declaration: Tuesday, Sept. 3, 2024
  • Ex-Dividend: Wednesday, Sept. 18, 2024
  • Record: Wednesday, Sept. 18, 2024
  • Payment: Monday, Sept. 30, 2024

The Fund clarifies that this announcement is not for tax reporting purposes. Shareholders will receive a Form 1099-DIV in early 2025, detailing the tax characteristics of distributions paid during the prior calendar year.

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The DoubleLine Opportunistic Credit Fund (DBL) has announced its September 2024 distribution of $0.11 per share. The Fund, traded on the New York Stock Exchange, set the following dates for the distribution:

  • Declaration: Tuesday, Sept. 3, 2024
  • Ex-Dividend: Wednesday, Sept. 18, 2024
  • Record: Wednesday, Sept. 18, 2024
  • Payment: Monday, Sept. 30, 2024

The Fund clarifies that this announcement is not for tax reporting purposes. The exact nature of the distributions, including potential ordinary income, long-term capital gains, or return of capital, will be determined at the end of the taxable year. Shareholders will receive a Form 1099-DIV in early 2025 detailing the tax characteristics of the distributions for reporting purposes.

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DoubleLine Income Solutions Fund (NYSE: DSL) has declared a distribution of $0.11 per share for August 2024. The key dates are as follows:

  • Declaration Date: August 1, 2024
  • Ex-Dividend Date: August 14, 2024
  • Record Date: August 14, 2024
  • Payment Date: August 30, 2024

The press release notes that this announcement is not for tax reporting purposes. The tax characteristics of the distributions will be determined at the end of the taxable year. Shareholders will receive a Form 1099-DIV in early 2025 specifying how the distributions should be reported for tax purposes.

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The DoubleLine Yield Opportunities Fund (DLY) has announced its August 2024 distribution of $0.1167 per share. This distribution is subject to ex-dividend, record, and payment dates set by the Fund's Board of Trustees. The news release is not for tax reporting purposes but serves to inform shareholders about the distribution's amount and timing.

Importantly, distributions may include ordinary income, capital gains, or return of capital. The exact nature of the distribution and its tax characteristics will be determined at the end of the taxable year. Shareholders will receive a Form 1099-DIV in early 2025, detailing how to report the distributions on their tax returns.

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The DoubleLine Yield Opportunities Fund (NYSE: DLY) has announced its August 2024 distribution of $0.1167 per share. The Fund's Board of Trustees has set the following schedule:

  • Declaration: Thursday, August 1, 2024
  • Ex-Dividend: Wednesday, August 14, 2024
  • Record: Wednesday, August 14, 2024
  • Payment: Friday, August 30, 2024

This announcement is not for tax reporting purposes. The tax characteristics of the Fund's distributions will be determined at the end of the taxable year. Shareholders will receive a Form 1099-DIV in early 2025 detailing how to report the distributions on their tax returns.

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The DoubleLine Opportunistic Credit Fund (DBL) has announced its distribution for August 2024. The Fund, traded on the New York Stock Exchange, will distribute $0.11 per share. Key dates for this distribution are:

  • Declaration: August 1, 2024
  • Ex-Dividend: August 14, 2024
  • Record: August 14, 2024
  • Payment: August 30, 2024

The Fund's Board of Trustees has set these dates. It's important to note that this announcement is not for tax reporting purposes. The exact nature of the distribution (ordinary income, long-term capital gains, or return of capital) will be determined at the end of the taxable year. Shareholders will receive a Form 1099-DIV in early 2025 detailing how to report these distributions on their tax returns.

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FAQ

What is the current stock price of DOUBLELINE INCOME SOLUTIONS FUND (DSL)?

The current stock price of DOUBLELINE INCOME SOLUTIONS FUND (DSL) is $12.98 as of October 4, 2024.

What is the market cap of DOUBLELINE INCOME SOLUTIONS FUND (DSL)?

The market cap of DOUBLELINE INCOME SOLUTIONS FUND (DSL) is approximately 1.4B.

What is DoubleLine Income Solutions Fund (DSL)?

DoubleLine Income Solutions Fund (DSL) is a closed-end fund that aims to provide high income and capital appreciation through diversified investments in various securities.

What types of securities does DSL invest in?

DSL invests in money market funds, foreign corporate bonds, U.S. corporate bonds, bank loans, collateralized loan obligations, and municipal bonds.

Which industries does DSL's portfolio cover?

The fund's portfolio spans sectors such as Healthcare, Technology, Construction, Automotive, Insurance, Beverage, Pharmaceuticals, and Leisure.

Who manages DoubleLine Income Solutions Fund?

The fund is managed by DoubleLine Capital LP, known for its robust financial management and strategic investment approaches.

What is the primary objective of DSL?

The primary objective of DSL is to seek high income for its investors.

What is the secondary objective of DSL?

The secondary objective of DSL is to seek capital appreciation.

Who recently joined DoubleLine Capital to expand its institutional client base?

Rudy Garza, CFA, recently joined DoubleLine Capital as a Relationship Manager to expand its institutional client base in the Western United States.

What is the outlook for investment-grade corporate credit according to DoubleLine?

DoubleLine's research suggests a favorable outlook for investment-grade corporate credit, presenting a unique opportunity for high-quality portfolios with potential high single-digit returns and limited downside risk.

What alternatives to traditional equity investment strategies does DoubleLine recommend?

DoubleLine recommends the DoubleLine Shiller Enhanced CAPE mutual fund, the DoubleLine Shiller CAPE U.S. Equities ETF, and the DoubleLine Fortune 500 Equal Weight ETF as alternatives to traditional equity investment strategies.

How can I contact DoubleLine Capital for more information?

DoubleLine Capital can be contacted by telephone at (813) 791-7333 or via email at info@doubleline.com.

DOUBLELINE INCOME SOLUTIONS FUND

NYSE:DSL

DSL Rankings

DSL Stock Data

1.37B
103.48M
21.66%
0.88%
Asset Management
Financial Services
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United States of America
Tampa