December CEF Distributions Widespread Across Sponsors - DBL Cuts Big [Seeking Alpha]
DoubleLine Income Solutions Fund Common Shares of Beneficial Interests (DSL)
US:NYSE Investor Relations:
doublelinefunds.com/income-solutions-fund
Company Research
Source: Seeking Alpha
In the December distribution announcements, we had 27 funds decrease their distributions and 7 increase them. Of the 27 that cut, the largest was the DoubleLine Opportunistic Credit ( DBL ) which chopped the distribution by a massive 34%. We will discuss this cut more in detail in a bit. Of the cutters, 15 were muni funds, and 8 were the MFS funds which have variable distribution policies. The announcements compare to November which had only eight distribution decreases and seven increases. The announcements this month were widespread across the fund sponsors, though PIMCO was again spared from any cuts. Discounts are coming off their bottom set a couple of weeks ago as volatility in the equity markets, spread widening in the bond market, and tax loss harvesting scared people out of the markets. Discounts are off the lows to 8.4% after hitting 9% last week. But that is still much wider than where they were a few weeks ago in early September when the average discount was b
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News
- DSL: Positioning Itself For A Dollar Decline [Seeking Alpha]Seeking Alpha
- Disinflation? Reflation? Bonds for BothPR Newswire
- DoubleLine Income Solutions Fund Declares April 2024 Distribution [Yahoo! Finance]Yahoo! Finance
- DoubleLine Income Solutions Fund Declares April 2024 DistributionPR Newswire
- DoubleLine Yield Opportunities Fund Declares April 2024 DistributionPR Newswire
DSL
Sec Filings
- 4/3/24 - Form 4
- 3/21/24 - Form 40-17G
- 3/11/24 - Form 4
- DSL's page on the SEC website