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DoubleLine Income Solutions Fund Declares November 2024 Distribution

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DoubleLine Income Solutions Fund (NYSE: DSL) has announced its November 2024 distribution of $0.11 per share. The distribution schedule includes: ex-dividend and record date on November 13, 2024, with payment set for November 29, 2024. The Fund notes that distributions may include ordinary income, long-term capital gains, or return of capital, with final tax characteristics to be determined at year-end. Shareholders will receive Form 1099-DIV in early 2025 for tax reporting purposes.

Il DoubleLine Income Solutions Fund (NYSE: DSL) ha annunciato la distribuzione di novembre 2024 di $0,11 per azione. Il programma di distribuzione prevede: data ex-dividendo e data di registrazione il 13 novembre 2024, con pagamento previsto per il 29 novembre 2024. Il Fondo segnala che le distribuzioni possono includere reddito ordinario, guadagni in capitale a lungo termine o restituzione di capitale, con le caratteristiche fiscali finali da determinare a fine anno. Gli azionisti riceveranno il modulo 1099-DIV all'inizio del 2025 per scopi di rendicontazione fiscale.

El Fondo de Soluciones de Ingresos DoubleLine (NYSE: DSL) ha anunciado su distribución de noviembre de 2024 de $0.11 por acción. El cronograma de distribución incluye: fecha ex-dividendo y fecha de registro el 13 de noviembre de 2024, con el pago programado para el 29 de noviembre de 2024. El Fondo señala que las distribuciones pueden incluir ingresos ordinarios, ganancias de capital a largo plazo o devolución de capital, con las características fiscales finales a determinarse a fin de año. Los accionistas recibirán el formulario 1099-DIV a principios de 2025 para fines de reporte fiscal.

더블라인 인컴 솔루션 펀드(NYSE: DSL)가 2024년 11월에 주당 $0.11의 배당금을 발표했습니다. 배당 일정에는 2024년 11월 13일의 무배당일 및 등록일이 포함되며, 지급은 2024년 11월 29일로 예정되어 있습니다. 이 펀드는 배당금이 일반 수익, 장기 자본 이익 또는 자본 반환을 포함할 수 있으며, 최종 세금 특성은 연말에 결정될 것이라고 언급했습니다. 주주들은 세금 보고를 위한 1099-DIV 양식을 2025년 초에 받게 됩니다.

Le Fonds de solutions de revenus DoubleLine (NYSE: DSL) a annoncé sa distribution de novembre 2024 de 0,11 $ par action. Le calendrier de distribution comprend : la date ex-dividende et la date d'enregistrement le 13 novembre 2024, le paiement étant prévu pour le 29 novembre 2024. Le Fonds fait savoir que les distributions peuvent inclure des revenus ordinaires, des gains en capital à long terme ou un retour de capital, les caractéristiques fiscales finales étant déterminées à la fin de l'année. Les actionnaires recevront le formulaire 1099-DIV au début de 2025 à des fins de déclaration fiscale.

Der DoubleLine Income Solutions Fund (NYSE: DSL) hat die Ausschüttung für November 2024 in Höhe von 0,11 $ pro Aktie bekannt gegeben. Der Ausschüttungszeitplan umfasst: Ex-Dividenden- und Stichtag am 13. November 2024 mit einer Zahlung, die für den 29. November 2024 geplant ist. Der Fonds weist darauf hin, dass die Ausschüttungen ordentliche Einnahmen, langfristige Kapitalgewinne oder Rückzahlungen von Kapital enthalten können, wobei die endgültigen steuerlichen Merkmale zum Jahresende festgelegt werden. Die Aktionäre erhalten Anfang 2025 das Formular 1099-DIV für steuerliche Reportingzwecke.

Positive
  • Maintains consistent monthly dividend distribution
Negative
  • None.

Insights

The monthly distribution of $0.11 per share continues the Fund's regular income stream to shareholders. This closed-end fund, with a market cap of $1.33 billion, maintains its consistent distribution policy. While routine in nature, these distributions are a key component of the fund's income-focused strategy.

At current market prices, this translates to an annualized yield that income-focused investors closely monitor. The announcement notably includes the standard disclaimer about potential tax implications, with final characterization of the distribution (whether ordinary income, capital gains, or return of capital) to be determined at year-end.

TAMPA, Fla., Nov. 1, 2024 /PRNewswire/ -- DoubleLine Income Solutions Fund (the "Fund"), which is traded on the New York Stock Exchange under the symbol DSL, this week declared a distribution of $0.11 per share for the month of November 2024. The distributions are subject to the following ex-dividend, record and payment dates set by the Fund's Board of Trustees.

November 2024

Declaration

Friday, Nov. 1, 2024

Ex-Dividend

Wednesday, Nov. 13, 2024

Record

Wednesday, Nov. 13, 2024

Payment

Friday, Nov. 29, 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 80% of its net assets (plus any borrowings for investment purposes) in debt securities and other income-producing investments anywhere in the world, including emerging markets. The Fund may invest in mortgage-backed securities of any kind and may invest without limit in securities rated below investment grade (commonly referred to as "high yield" securities or "junk bonds"). There is no guarantee that the Fund will achieve its investment objectives. Investing in the Fund involves the risk of principal loss.

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 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 statement) 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. 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 Oct. 31, 2024, the estimated component of the cumulative distribution for the fiscal year to date would include an estimated return of capital of $0.010 (9%) 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 DoubleLine Income Solutions Fund's (DSL) dividend amount for November 2024?

DoubleLine Income Solutions Fund (DSL) declared a dividend distribution of $0.11 per share for November 2024.

When is the ex-dividend date for DSL's November 2024 distribution?

The ex-dividend date for DSL's November 2024 distribution is Wednesday, November 13, 2024.

What is the payment date for DSL's November 2024 distribution?

The payment date for DSL's November 2024 distribution is Friday, November 29, 2024.

When will DSL shareholders receive their 2024 tax forms?

DSL shareholders will receive Form 1099-DIV in early 2025 for tax reporting purposes.

DOUBLELINE INCOME SOLUTIONS FUND

NYSE:DSL

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