DoubleLine Yield Opportunities Fund Declares February 2024 Distribution

Rhea-AI Summary

The DoubleLine Yield Opportunities Fund (DLY) has declared a distribution of $0.1167 per share for February 2024. The distribution dates are as follows: Ex-Dividend on Feb. 14, 2024, Record on Feb. 15, 2024, and Payment on Feb. 29, 2024. The distribution may include ordinary income, capital gains, or return of capital. Shareholders will receive a Form 1099-DIV in early 2025 for tax reporting purposes.

Insights

Financial Analyst

The announcement of a distribution by the DoubleLine Yield Opportunities Fund represents a tangible return for investors and has immediate implications for the valuation of the fund. Distributions often reflect the fund's performance and its ability to generate income, which can be a signal of the fund's health and management effectiveness. Investors typically monitor distribution yields as a key metric in assessing the attractiveness of income-generating investments like DLY. A consistent or increasing distribution amount can be perceived positively, indicating stable or growing income streams.

However, it's important to consider the composition of the distribution. If a significant portion comes from a return of capital rather than income or capital gains, it may suggest that the fund is not generating enough income internally and is instead returning investors' own money. This can be a red flag about the fund's long-term sustainability and growth prospects. Investors should also be aware of the tax implications, as different components of the distribution are taxed differently. The fund's decision to provide a Form 1099-DIV in early 2025 will be crucial for shareholders to understand the tax characteristics of the received distributions.

Tax Advisor

From a tax perspective, the nature of the distribution is a critical factor for shareholders. Ordinary income is taxed at marginal tax rates, while qualified dividends and long-term capital gains often receive more favorable tax treatment. The fact that the fund will only specify the tax characteristics of the distributions at the end of the taxable year means that shareholders must wait to make precise tax planning decisions. This delay can impact decisions related to investment strategy, portfolio rebalancing and tax-loss harvesting.

Shareholders should prepare for potential tax liabilities associated with the distributions and consider the timing of these distributions in their tax planning. For instance, if the distributions are largely composed of short-term capital gains, shareholders could face higher tax rates compared to long-term capital gains. Additionally, knowing the breakdown between income and return of capital is vital for shareholders to understand the impact on their investment's cost basis and subsequent tax implications on future sales of the fund.

TAMPA, Fla., Feb. 1, 2024 /PRNewswire/ -- The DoubleLine Yield Opportunities Fund (the "Fund"), which is traded on the New York Stock Exchange under the symbol DLY, has declared a distribution of $0.1167 per share for the month of February 2024. The distribution is subject to the following ex-dividend, record and payment dates set by the Fund's Board of Trustees.

February 2024
Declaration	Thursday, Feb. 1, 2024
Ex-Dividend	Wednesday, Feb. 14, 2024
Record	Thursday, Feb. 15, 2024
Payment	Thursday, Feb. 29, 2024

This news release is not for tax reporting purposes. The news release has been issued to announce the amount and timing of the distribution declared by the Board of Trustees. Distributions may include ordinary income, capital gains or return of capital. The amount of distributable income and the tax characteristics of the Fund's distributions are determined at the end of the taxable year. In early 2025, the Fund will send shareholders a Form 1099-DIV specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return.

About DoubleLine Yield Opportunities Fund

The Fund's investment objective is to seek a high level of total return, with an emphasis on current income. DoubleLine believes active asset allocation across a broad range of fixed income sectors with a disciplined approach to risk management offers value-added opportunities for both income and capital growth. The Fund cannot ensure that it will achieve its investment objective, and investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment.

About DoubleLine Capital LP

DoubleLine Capital is an investment adviser registered under the Investment Advisers Act of 1940. DoubleLine's offices can be reached by telephone at (813) 791-7333 or by email at info@doubleline.com. Media can reach DoubleLine by email at media@doubleline.com. DoubleLine^® is a registered trademark of DoubleLine Capital LP.

To read about the DoubleLine Yield Opportunities Fund, please access the Semiannual and Annual Reports, when available, at www.doubleline.com or call 877-DLINE11 (877-354-6311) to receive a copy. Investors should consider the Fund's investment objective, risks, charges and expenses carefully before investing. An investment in the Fund should not constitute a complete investment program.

This document is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale or offer of these securities, in any jurisdiction where such sale or offer is not permitted.

Fund investing involves risk. Principal loss is possible.

Shares of closed-end investment companies frequently trade at a discount to their net asset value, which may increase investors' risk of loss. This risk may be greater for investors expecting to sell their shares in a relatively short period after the completion of the public offering. There are risks associated with investment in the fund.

An investment in the Fund involves certain risks arising from, among other things, the Fund's ability to invest without limit in debt securities that are at the time of investment rated below investment grade or unrated securities judged by DoubleLine to be of comparable quality (a category of investment that includes securities commonly referred to as "high yield" securities or "junk bonds"). Securities of below investment grade quality are regarded as having predominantly speculative characteristics with respect to the issuer's capacity to pay interest and to repay principal when due. An investment in the Fund is also subject to the risk of the use of leverage. Investments in debt securities typically decline in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.

Past performance is no guarantee of future results. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets. Investments in lower rated and non-rated securities present a greater risk of loss to principal and interest than higher rated securities. Investment strategies may not achieve the desired results due to implementation lag, other timing factors, portfolio management decisions-making, economic or market conditions or other unanticipated factors. In addition, the Fund may invest in other asset classes and investments such as, among others, REITs, credit default swaps, short sales, derivatives and smaller companies which include additional risks. The Fund is a non-diversified, limited term, closed-end management investment company.

This material may include statements that constitute "forward-looking statements" under the U.S. securities laws. Forward-looking statements include, among other things, projections, estimates, and information about possible or future results related to the Fund, market or regulatory developments. The views expressed herein are not guarantees of future performance or economic results and involve certain risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially from the views expressed herein. The views expressed herein are subject to change at any time based upon economic, market, or other conditions and DoubleLine undertakes no obligation to update the views expressed herein. While we have gathered this information from sources believed to be reliable, DoubleLine cannot guarantee the accuracy of the information provided. Any discussions of specific securities should not be considered a recommendation to buy or sell those securities. The views expressed herein (including any forward-looking statements) may not be relied upon as investment advice or as an indication of the Fund's trading intent. Information included herein is not an indication of the Fund's future portfolio composition.

Distributions include all distribution payments regardless of source and may include net income, capital gains, and/or return of capital (ROC). ROC should not be confused with yield or income. The Fund's Section 19a-1 Notice, if applicable, contains additional distribution composition information and may be obtained by visiting www.doubleline.com. Final determination of a distribution's tax character will be reported on Form 1099 DIV and sent to shareholders. On a tax basis, as of Jan. 31, 2024, the estimated component of the cumulative distribution for the fiscal year to date would include an estimated return of capital of $0.00 (0%) per share. This amount is an estimate and the actual amounts and sources for tax reporting purposes may change upon final determination of tax characteristics and may be subject to changes based on tax regulations.

Any tax or legal information provided is merely a summary of our understanding and interpretation of some of the current income tax regulations and is not exhaustive. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give legal or tax advice.

Foreside Funds Services, LLC provides marketing review services for DoubleLine Capital LP.

©2024 DoubleLine Capital LP.

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SOURCE DoubleLine

FAQ

What is the distribution amount declared by the DoubleLine Yield Opportunities Fund for February 2024?

The DoubleLine Yield Opportunities Fund has declared a distribution of $0.1167 per share for February 2024.

When is the Ex-Dividend date for the DoubleLine Yield Opportunities Fund in February 2024?

The Ex-Dividend date for the DoubleLine Yield Opportunities Fund in February 2024 is on February 14, 2024.

When will the shareholders receive the distribution payment from the DoubleLine Yield Opportunities Fund for February 2024?

The shareholders will receive the distribution payment from the DoubleLine Yield Opportunities Fund for February 2024 on February 29, 2024.

What will the Form 1099-DIV be used for in relation to the DoubleLine Yield Opportunities Fund?

The Form 1099-DIV will be used for tax reporting purposes in early 2025 for the distributions paid by the DoubleLine Yield Opportunities Fund during the prior calendar year.