Oct. 21, 2013
/PRNewswire/ -- DoubleLine will hold a webcast
Tuesday October 22
to discuss the DoubleLine Floating Rate Fund (I shares DBFRX; N shares DLFRX).
, who heads Global Developed Credit at DoubleLine, and
will discuss the fund's investment strategy, portfolio composition and year-to-date performance as well as their outlook for the bank debt sector.
To register for the "DoubleLine Floating Rate Fund Launch" webcast, go to
The DoubleLine Floating Rate Fund is an open-end mutual fund that seeks to deliver a high level of current income by investing primarily in floating rate bank loans and other floating rate instruments. The fund generally invests in senior secured bank loans.
Bank loans are corporate loans that have been structured and administered by a commercial or investment bank. Such loans are sold (or syndicated) to other banks and institutional investors, including open-end and closed-end mutual funds and collateralized loan obligations (CLOs). Bank loans typically pay interest based on a spread over the London Inter Bank Offered Rate (LIBOR).
About DoubleLine Capital LP
DoubleLine Capital LP, a registered investment adviser under the Investment Advisers Act of 1940, acts as the investment adviser for the DoubleLine Floating Rate Fund. DoubleLine and its affiliates managed approximately
in assets held in closed- and open-end 1940 Act funds, variable annuities, separate accounts, hedge funds and UCITS. DoubleLine's headquarters is in
Los Angeles, CA.
Its offices can be reached by telephone at (213) 633-8200 or by e-mail at
. Media can reach DoubleLine by e-mail at
. DoubleLine® is a registered trademark of DoubleLine Capital LP.
Collateralized Loan Obligations (CLOs) =
A form of securization where payments from multiple middle sized and large business loans are pooled together and passed on to different classed of owners in various tranches.
London Inter Bank Offered Rate (LIBOR)
= British Bankers Association Fixing for US Dollar. The fixing is conducted each day at
time). The rate is an average derived from the quotations provided by the banks determined by the British Bankers' Association.