TORONTO, Jan. 20, 2023 (GLOBE NEWSWIRE) —
(TSX: SSF.UN)
Buyers and funding advisors are invited to take heed to a webinar, hosted by Larry Holzenthaler, Shopper Portfolio Supervisor, Nuveen Asset Administration (“NAM”). Mr. Holzenthaler discusses a number of the latest tendencies within the U.S. senior mortgage market and explains why NAM believes loans current a pretty excessive earnings funding alternative in 2023. The presentation, recorded on January 11, 2023, could be considered by clicking the next hyperlink:
Senior Mortgage Market Replace – January 2023
Symphony Floating Price Senior Mortgage Fund (the “Fund”) invests primarily in floating-rate senior loans, that are probably the most senior company obligations of a borrower and are secured by the borrower’s belongings. Senior loans have a first-priority secured declare on compensation, forward of bonds and fairness. Senior loans supply a excessive degree of earnings and low rate of interest danger in comparison with conventional fastened earnings asset courses. Symphony believes that senior mortgage credit score fundamentals stay sturdy because the U.S. financial system continues to get better and company default charges are anticipated to stay low.
The Fund affords a $0.60 per unit every year distribution on its class A shares, paid month-to-month, which represents a money distribution price of 8.8% every year based mostly on the January 18, 2023 TSX closing value. The Fund is obtainable for buy on the Toronto Inventory Alternate beneath the ticker image SSF.UN.
About Brompton Funds
Based in 2000, Brompton is an skilled funding fund supervisor with earnings targeted funding options together with TSX traded closed-end funds and exchange-traded funds. For additional info, please contact your funding advisor, name Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), e-mail
information@bromptongroup.com
or go to our web site at
www.bromptongroup.com
.
About Nuveen Asset Administration
Nuveen Asset Administration, LLC (“NAM”), is the is the sub-advisor for the Symphony Floating Price Senior Mortgage Fund. NAM specializes within the administration of debt and fairness methods together with senior mortgage portfolios. NAM, a registered funding adviser, has been in enterprise for over thirty years and had an combination of U.S. $252 billion of belongings beneath administration as of September 30, 2022. NAM is an oblique subsidiary of Nuveen, LLC which is a subsidiary of Lecturers Insurance coverage and Annuity Affiliation of America.
|
Annual Efficiency 1 |
1-Yr | 3-Yr | 5-Yr | 10-Yr |
S.I. 2 |
|||||
| Symphony Floating Price Senior Mortgage Fund – Class A | -7.1 | % | 0.4 | % | 1.7 | % | 3.2 | % | 4.2 | % |
| Symphony Floating Price Senior Mortgage Fund – Class U | -7.2 | % | 0.7 | % | 2.0 | % | 3.2 | % | 4.1 | % |
(1)
Returns are for the intervals ended
December 31
,
20
2
2
and are unaudited
. The desk reveals the Fund’s compound returns for every interval indicated
.
(2)
Inception Date: November 1, 201
1.
You’ll often pay brokerage charges to your supplier if you buy or promote items of the funding fund on the Toronto Inventory Alternate or different various Canadian buying and selling system (an “change”). If the items are bought or offered on an change, traders might pay greater than the present web asset worth when shopping for items of the funding fund and will obtain lower than the present web asset worth when promoting them.
There are ongoing charges and bills related to proudly owning items of an funding fund. An funding fund should put together disclosure paperwork that include key details about the Fund. You will discover extra detailed details about the Fund within the public filings accessible at www.sedar.com. The indicated charges of return are the historic annual compounded whole returns together with adjustments within the unit worth and reinvestment of all distributions and don’t keep in mind sure charges similar to redemption prices or earnings taxes payable by any securityholder that might have lowered returns. Funding funds usually are not assured, their values change ceaselessly and previous efficiency is probably not repeated. The quantity of distributions might fluctuate from month to month and there could be no assurance that the Fund will make any distribution in any explicit month.
Sure statements contained on this information launch represent forward-looking info inside the which means of Canadian securities legal guidelines. Ahead-looking info might relate to issues disclosed on this press launch and to different issues recognized in public filings regarding the Fund, to the longer term outlook of the Fund and anticipated occasions or outcomes and will embody statements concerning the longer term monetary efficiency of the Fund. In some instances, forward-looking info could be recognized by phrases similar to “might”, “will”, “ought to”, “count on”, “plan”, “anticipate”, “imagine”, “intend”, “estimate”, “predict”, “potential”, “proceed” or different related expressions regarding issues that aren’t historic details. Precise outcomes might differ from such forward-looking info.
Buyers shouldn’t place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to replace or revise them to mirror new occasions or circumstances.
Essential Disclosures
The supplies referred to above in Senior Mortgage Market Replace – January 2023 (the “Presentation”) are supposed for informational and dialogue functions solely. The data offered within the Presentation is believed to be materially right as on the date hereof, however no illustration or guarantee (specific or implied) is made as to the accuracy or completeness of any of this info. Information was taken from sources deemed dependable, however can’t assure its accuracy. The statements contained herein mirror opinions as of the date written and are topic to alter with out additional discover. Nothing set out within the Presentation is or shall be relied upon as a promise or illustration as to the previous or future.
This Presentation is just not a prospectus and doesn’t represent a proposal to the general public. No public providing or promoting of funding providers or securities is meant to have taken impact by means of the supply of the Presentation. It isn’t supposed to supply particular funding recommendation together with, with out limitation, funding, monetary, authorized, accounting or tax recommendation, or to make any suggestions about suitability for any explicit investor.
Discover to individuals in Canada:
Nuveen Asset Administration, LLC is exempt from registration as an adviser in Ontario because it meets the entire situations of an “exempt worldwide adviser.” It’s required to take sure steps to depend on that exemption, considered one of which is to supply its shoppers with discover of sure issues. Discover is hereby on condition that:
1. Nuveen Asset Administration, LLC is just not registered as a `portfolio supervisor’ in Ontario or some other province or territory of Canada.
2. Nuveen Asset Administration, LLC has its workplace of jurisdiction positioned at 901 Marquette Ave., Minneapolis, Minnesota, 55402, U.S.A.
3. The native handle for service of course of for Nuveen Asset Administration, LLC is: Torys LLP, 79 Wellington Road West, Suite 3000, Field 270, TD Centre, Toronto, Ontario, Canada M5K 1N2
4. There could also be issue imposing authorized rights towards a non-resident adviser as a result of it’s resident outdoors Canada and all or considerably all of its belongings could also be located outdoors of Canada.
