Symphony Floating Rate Senior Loan Fund announces an Equity Buyback for 695,200 shares, representing 9.89% of its issued share capital.
November 17, 2021 at 10:30 am IST
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Symphony Floating Rate Senior Loan Fund announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 695,200 class A units, representing 9.89% of its issued and outstanding share capital. The repurchased shares will be cancelled. The bid will commence on November 21, 2021 and will expire on November 20, 2022. As of November 10, 2021, the company had 7,032,482 issued and outstanding Units.
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 
