Symphony Floating Rate Senior Loan Fund announces an Equity Buyback for 1,127,700 class A units.
November 16, 2017 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 program the company will repurchase up to 1,127,700 Class A units, representing 9.81% of issued and outstanding units. The Units may be purchased for cancellation from November 21, 2017 to November 20, 2018 through the facilities of the TSX or other alternative Canadian trading system and may only be purchased at a price per unit not exceeding the last published net asset value per unit. The manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds. The Fund has 11,491,698 issued and outstanding Units at November 8, 2017.
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 
