First Eagle Senior Loan Fund Declares Monthly Distribution of $0.086 Per Share
Rhea-AI Summary
First Eagle Senior Loan Fund (FSLF) announced a monthly distribution of $0.086 per common share, payable on June 30, 2020. This distribution reflects an annualized yield of 8.20% based on a share price of $12.59. Key dates include the ex-dividend date on June 18 and the record date on June 19. The Fund advises that a portion of the distribution may come from sources other than undistributed net investment income, and fluctuations in investment return and market conditions may affect performance.
Positive
- Monthly distribution of $0.086 per share indicates ongoing cash flow.
- Annualized yield of 8.20% may attract income-focused investors.
Negative
- Portion of distribution may come from sources other than net investment income, raising concerns about sustainability.
- Investment return and principal value may fluctuate, indicating potential risk.
News Market Reaction – FSLF
In the trading session that priced this news, FSLF declined 0.71%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BOSTON, June 08, 2020 (GLOBE NEWSWIRE) -- First Eagle Senior Loan Fund (the “Fund”) (NYSE: FSLF) today announced the declaration of its monthly distribution of
The following dates apply to this distribution:
| Ex-Dividend Date: | June 18, 2020 |
| Record Date: | June 19, 2020 |
| Payable Date: | June 30, 2020 |
A portion of the 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 shareholders in the event that a portion of the 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 the Fund's 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. Investment return and principal value will fluctuate. Past performance is not a guarantee of future results.
About First Eagle Senior Loan Fund
The Fund is a diversified, closed-end management investment company that is advised by First Eagle Alternative Credit, 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. There can be no assurance that the Fund will achieve its investment objective.
About First Eagle Alternative Credit, LLC
First Eagle Alternative 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. First Eagle Alternative Credit maintains a variety of advisory and sub-advisory relationships across its investment platforms. First Eagle Alternative Credit is a wholly-owned subsidiary of First Eagle Investment Management, LLC.
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. First Eagle Senior Loan Fund undertakes no duty to update any forward-looking statements made herein.
Contact the Fund at 1.844.409.6354 or visit the Fund’s website at http://feacfslf.com for additional information.
Contact
Andrew Park
First Eagle Alternative Credit, LLC
212.829.3126