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The DoubleLine Yield Opportunities Fund (symbol: DLY) is a limited-term, closed-end management investment company that operates with a primary objective of seeking a high level of total return, emphasizing current income. Traded on the New York Stock Exchange, the Fund employs a diverse investment strategy, focusing on assets selected for their potential to generate substantial returns. This includes investing in a broad array of debt securities and other income-producing investments across the globe, including emerging markets, regardless of their credit quality.
Founded and managed as a non-diversified entity, the DoubleLine Yield Opportunities Fund leverages active asset allocation across numerous fixed-income sectors. The management team employs a disciplined approach to risk management, aiming to balance income generation with capital growth. Key financial strategies include investing in below investment-grade debt securities, mortgage-backed securities, asset-backed securities, and derivatives, among others. These investments are subject to various risks, such as interest rate fluctuations, credit risk, prepayment risk, and market volatility.
In recent months, the Fund has declared consistent monthly distributions of $0.1167 per share, showcasing its commitment to providing regular income to its shareholders. These distributions may include net income, capital gains, and/or return of capital (ROC), with the exact tax characteristics determined at the end of the fiscal year and reported on Form 1099-DIV.
The Fund's management is provided by DoubleLine Capital LP, an investment adviser registered under the Investment Advisers Act of 1940. DoubleLine Capital is known for its expertise in managing a wide range of investment strategies with a focus on delivering superior risk-adjusted returns. The firm’s disciplined investment approach and rigorous research process are designed to navigate various market conditions while seeking to achieve the Fund's objectives.
Investors considering the DoubleLine Yield Opportunities Fund should be aware of the inherent risks, including the potential for investment loss and the possibility of receiving little to no return. The Fund's investments in lower-rated securities, emerging markets, and the use of leverage introduce additional layers of risk that must be carefully evaluated. Despite these risks, the Fund's strategic asset allocation and active management aim to provide value-added opportunities for both income and capital appreciation.
For more detailed information, investors are encouraged to review the Fund's Semiannual and Annual Reports or contact DoubleLine Capital directly. Regular updates and detailed performance reports help investors stay informed about the Fund's activities, distribution schedules, and risk factors.
The DoubleLine Yield Opportunities Fund (NYSE: DLY) has declared a distribution of
The DoubleLine Yield Opportunities Fund (DLY) announced a distribution of $0.1167 per share for February 2023. The key dates are as follows: Ex-Dividend Date on February 15, 2023, Record Date on February 16, 2023, and Payment Date on February 28, 2023. The Fund aims for high total return focusing on current income and employs active asset allocation across fixed income sectors. Risks include potential loss of principal, speculative investments in lower-rated securities, and the impact of rising interest rates. Shareholders will receive a Form 1099-DIV in early 2024 detailing the tax characteristics of distributions.
The DoubleLine Yield Opportunities Fund (DLY) has announced a monthly distribution of $0.1167 per share for January 2023, declared on January 3. The key dates include Ex-Dividend on January 18, Record on January 19, and Payment on January 31. The Fund aims for a high total return focused on income through active asset allocation in fixed income sectors. However, investments carry risks, including potential loss of principal and the impact of leverage, particularly in lower-rated securities.