Symphony Floating Rate Senior Loan Fund (TSX:SSF.UN) announces an Equity Buyback for 857,800 class A units, representing 10% of its issued share capital.
November 18, 2020 at 10:30 am IST
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Symphony Floating Rate Senior Loan Fund (TSX:SSF.UN) announces a share repurchase program. Under the bid, the company will repurchase up to 857,800 Class A units, representing 10% of its issued share capital. The repurchased shares will be cancelled. The repurchases will commence from November 21, 2020 and the bid will expire on November 20, 2021. As of November 11, 2020, the company had 8,658,418 shares in issue.
Symphony Floating Rate Senior Loan Fund (the Fund) is a mutual fund trust. The Fundâs investment objectives are to provide unitholders with monthly distributions and to preserve capital. The Fund invests in an actively managed diversified Portfolio consisting primarily of short duration senior secured floating rate corporate loans typically issued by non-investment grade companies, with exposure gained through direct purchase of senior loans made by banks or other financial institutions to borrowers, assignments of such interest in senior loans, and participation interests in senior loans. The Fundâs portfolio includes various sectors such as communication services, Consumer discretionary, Consumer staples, energy, health care, utilities, Financials, industrials, real estate, and Information technology. The Fund is managed by Brompton Funds Limited.
Symphony Floating Rate Senior Loan Fund (TSX: SSF.UN) announces an Equity Buyback for 857,800 class A units, representing 10% of its issued share capital.
SYMPHONY FLOATING RATE SENIOR LOAN FUND 
