DoubleLine Yield Opportunities Fund (DLY) filed a post-effective amendment solely to add exhibits to its registration statement, including a Distribution Agreement with Foreside Fund Services, LLC and a Sub-Placement Agent Agreement between Foreside Funds Services, LLC and UBS Securities LLC. The amendment does not modify other parts of the registration statement. Approximate offering expenses total $231,500.
DoubleLine Yield Opportunities Fund (DLY) may offer common shares with an aggregate offering price of up to $241,447,484 from time to time through UBS Securities LLC as sub-placement agent. The amount includes unsold common shares carried forward from a prior registration. Sales may occur in negotiated or “at-the-market” transactions, and the Fund will not authorize sales below the Minimum Price, defined as NAV per share plus the per-share commission. The Distributor may receive up to 1.00% of gross proceeds and will compensate the sub-placement agent at up to 0.90% from that commission.
The Fund will invest net proceeds according to its investment objective and policies. It anticipates investing substantially all within approximately 30 days of receipt, depending on proceeds and investment availability, except amounts held for dividends, expenses, or temporary defensive purposes. On August 31, 2026, DLY’s market price was $13.87 per share versus NAV of $15.07, a stated 7.96% discount. The Fund invests substantially in below-investment-grade and unrated debt and uses leverage, which involve risks described in the prospectus.
DoubleLine Yield Opportunities Fund (DLY) Vice President Jeffrey J. Sherman purchased 10,000 Common Shares directly on September 24, 2026, at a weighted-average price of $13.0300 per share. The purchases occurred in multiple transactions ranging from $13.0199 to $13.0304 per share; no Rule 10b5-1 plan is reported.
DoubleLine Yield Opportunities Fund (DLY) may offer up to $241,447,484 of common shares in one or more shelf offerings, on terms set for each offering. The preliminary prospectus says the shares may not be sold until the registration statement is effective. Net proceeds are intended for investment under the Fund’s objective and policies; substantially all are anticipated to be invested within approximately 30 days of receipt, depending on proceeds and available investments, except amounts held for dividends, expenses or temporary defensive purposes.
DLY is a closed-end fund that seeks high total return with emphasis on current income and invests substantially in below-investment-grade and unrated debt. It may use leverage; The Bank of New York Mellon has made available a $225,000,000 revolving secured credit facility. Estimated annual expenses after waiver are 2.73%, with the expense table reflecting assumed borrowings equal to 16.13% of total managed assets.
As of August 31, 2026, net assets attributable to common shares were $731,717,167 and 48,539,058 shares were outstanding; the share price was $13.87 and NAV was $15.07 per share. DLY currently expects to terminate on or about February 25, 2032, subject to potential extensions.
The DoubleLine Yield Opportunities Fund filed a Form N-2 prospectus/shelf registering up to an unspecified dollar amount of Common Shares to be offered "from time to time". The Fund is a diversified, limited‑term closed‑end fund (commenced February 26, 2020) with a planned dissolution around February 25, 2032 subject to Board extensions. The Fund pursues a total‑return objective emphasizing current income and may invest without limit in below‑investment‑grade and unrated debt, mortgage‑ and asset‑backed securities, and foreign and emerging market debt. The prospectus discloses a $225,000,000 revolving credit facility, a 50% leverage policy limit for certain leverage activities, and a $200,000,000 dissolution threshold tied to an Eligible Tender Offer. Fees shown include an Adviser management fee of 1.35% of total managed assets (displayed as 1.60% of net assets in the expense table) and total annual expenses of 2.67% of net assets (including assumed leverage).
DoubleLine Yield Opportunities Fund Vice President Gheorghe Rotar filed an initial Form 3 as an officer of the fund. The filing lists Common Stock with total shares beneficially owned following the reported entry of 0 shares held directly as of the stated date.
Morgan Stanley filed a Schedule 13G reporting beneficial ownership of 2,439,414 Common Shares of Beneficial Interest of DoubleLine Yield Opportunities Fund (DLY), representing 5.0% of the class as of 09/30/2025.
The filing lists shared voting power of 51,414 shares and shared dispositive power of 2,439,414 shares, with no sole voting or dispositive power. Morgan Stanley certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
DoubleLine Yield Opportunities Fund (DLY) reported an initial insider ownership filing on Form 3. The reporting person disclosed 0 shares of common stock beneficially owned (Direct) as of 10/15/2025.
The filer is listed as an Officer and Other with the title “Chf Intl Clt Bus Ofcr - Adviser.” No derivative securities were reported.
DoubleLine Yield Opportunities Fund (DLY) reported an insider ownership update via a Form 3. Jonathan Kingery, identified as an Officer (Chief Distribution Officer – Adviser), filed an initial statement showing 0 shares of common stock beneficially owned (Direct) as of the event date 10/15/2025.
The filing was submitted by one reporting person and signed by Jeremy Smith as attorney-in-fact for Jonathan Kingery on 10/21/2025. No derivative securities were listed.