DoubleLine Income Solutions Fund Declares April 2024 Distribution
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Insights
The announcement of DoubleLine Income Solutions Fund's distribution of $0.11 per share is a direct indicator of the fund's current cash flow and financial health. Distributions such as these are often seen as a reflection of a fund's ability to generate income and return value to shareholders. Investors typically look at the consistency and sustainability of distributions to gauge the long-term viability of income funds.
It is important to note that the nature of the distribution, whether it is derived from ordinary income, long-term capital gains, or a return of capital, can have differing implications for investors. A return of capital, for example, may indicate that the fund is not generating enough income and is instead returning a portion of the investor's original investment. This could be a red flag for the fund's future performance.
From a taxation perspective, the classification of distributions is significant for shareholders. Ordinary income is taxed at the shareholder's income tax rate, while long-term capital gains are generally taxed at a lower rate. If the distribution is classified as a return of capital, it is not taxed immediately but reduces the shareholder's cost basis in the investment, potentially increasing the capital gains tax owed when shares are sold.
Investors should be aware that the final determination of the tax characteristics of the Fund's distributions will only be made at the end of the taxable year. Therefore, the tax impact of these distributions cannot be fully assessed until the Form 1099-DIV is received. Shareholders should consult with tax professionals to understand the implications of these distributions on their personal tax situations.
April 2024 | |
Declaration | Monday, April 1, 2024 |
Ex-Dividend | Wednesday, April 17, 2024 |
Record | Thursday, April 18, 2024 |
Payment | Tuesday, April 30, 2024 |
This press release is not for tax reporting purposes. The press release has been issued to announce the amount and timing of the distributions declared by the Board of Trustees. There is a possibility that distributions may include ordinary income, long-term capital gains or return of capital. For information on whether the distribution includes a return of capital, please contact us on or after the distribution payment date. The amount of distributable income and the tax characteristics of the 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 Income Solutions Fund
The Fund's primary investment objective is to seek high current income; its secondary objective is to seek capital appreciation. The Fund seeks to achieve its investment objectives by investing in a portfolio of investments selected for their potential to provide high current income, growth of capital, or both. DoubleLine Capital LP ("DoubleLine"), the Fund's investment adviser, expects that the Fund will normally invest at least
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 Income Solutions Fund, please access the Annual Report 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. Investors should note that the Fund only can be obtained through a broker.
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.
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 great 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 DoubleLine Income Solutions Fund (the "Fund") is a diversified, closed-end management investment company.
This material may include statements that constitute "forward-looking statements" under the
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. A 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 made on Form 1099 DIV and sent to shareholders. On a tax basis, as of March 28, 2024, the estimated component of the cumulative distribution for the fiscal year to date would include an estimated return of capital of
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.
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SOURCE DoubleLine
FAQ
What is the distribution amount declared by DoubleLine Income Solutions Fund (DSL) for April 2024?
When is the ex-dividend date for DoubleLine Income Solutions Fund (DSL) in April 2024?
What is the record date set by DoubleLine Income Solutions Fund (DSL) for April 2024?
When will the payment be made by DoubleLine Income Solutions Fund (DSL) for April 2024?
What tax reporting information is provided in the press release by DoubleLine Income Solutions Fund (DSL)?
