Welcome to our dedicated page for DOUBLELINE OPPORTUNISTIC CREDIT FUND news (Ticker: DBL), a resource for investors and traders seeking the latest updates and insights on DOUBLELINE OPPORTUNISTIC CREDIT FUND stock.
DoubleLine Opportunistic Credit Fund (DBL) is a diversified, closed-end management investment company under the ticker symbol DBL on the New York Stock Exchange. Established to provide a high total investment return, the Fund aims to deliver a high level of current income coupled with the potential for capital appreciation.
Managed by DoubleLine Capital LP, a renowned and independent money management firm founded in 2009, the Fund benefits from a deeply experienced team of portfolio managers. These professionals employ active risk management strategies, in-depth research, and innovative product solutions to optimize returns. DoubleLine Capital's commitment to excellence and meticulous investment processes have positioned DBL as a compelling choice for investors seeking diversified income.
The Fund's investment strategy centers around a broad range of debt securities, including asset-backed and mortgage-backed securities. It also involves corporate bonds, government securities, and other credit instruments. This diversified approach enables the Fund to capitalize on various market conditions and opportunities while managing associated risks effectively.
Recent announcements highlight DoubleLine Opportunistic Credit Fund’s consistent monthly distributions of $0.11 per share, reflecting its commitment to providing shareholders with regular income. For instance, distributions were declared for July, August, September, October, and November 2023. These payouts might comprise ordinary income, long-term capital gains, or return of capital, based on the Fund's performance over the taxable year.
In terms of risk, the Fund’s investments in debt securities typically decline in value when interest rates rise; this risk is usually more significant for longer-term debt securities. Additionally, investments in asset-backed and mortgage-backed securities come with extra risks, such as credit risk, prepayment risk, potential illiquidity, and default.
It is essential to note that past performance is not a guarantee of future results, and investing in the Fund involves the risk of principal loss. Shares of closed-end investment companies like the DBL Fund often trade at a discount to their net asset value, which might heighten the risk for investors planning to sell their shares shortly after purchasing them.
The Fund also diversifies into other asset classes and investments, including real estate investment trusts (REITs), credit default swaps, short sales, derivatives, and smaller companies, which bring additional risks. Furthermore, the Fund’s investment in foreign securities introduces added volatility and political, economic, and currency risks, particularly in emerging markets.
For more detailed information about the DoubleLine Opportunistic Credit Fund, including its investment strategies, risks, charges, and expenses, investors are encouraged to review the Fund's Annual Report available at DoubleLine's website or contact their customer service. A thorough understanding of the Fund’s objectives and the associated risks is crucial before making any investment decisions.
The DoubleLine Opportunistic Credit Fund (DBL) announced a distribution of $0.11 per share for February 2022. This declaration was made on February 1, 2022, with an ex-dividend date of February 16, 2022, record date on February 17, 2022, and payment scheduled for February 28, 2022. The Fund offers potential capital appreciation and high current income, although investments carry the risk of principal loss. Shareholders will receive a Form 1099-DIV in early 2023 for tax reporting to clarify distribution characteristics.
The DoubleLine Opportunistic Credit Fund (DBL) declared a distribution of $0.11 per share for January 2022, with critical dates outlined by the Board of Trustees. The ex-dividend date is January 12, 2022, the record date is January 13, 2022, and payment will be made on January 31, 2022. The Fund aims for high total investment returns through current income and potential capital appreciation, but there are risks of principal loss. Tax characteristics of the distribution will be clarified in early 2023 with Form 1099-DIV.
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