First Eagle Senior Loan Fund Announces Initial Liquidating Distribution

Rhea-AI Summary

First Eagle Senior Loan Fund (FSLF) announced an initial cash liquidating distribution of $83,315,253, equating to $11.23 per share, to be distributed on or about July 16, 2021. This payout represents a significant 71.3% of the Fund's net asset value per share as of June 30, 2021. Additional distributions are expected as the Fund completes its liquidation process. Shareholders should note that they may recognize gains or losses for tax purposes due to this distribution.

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• None.

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• Potential for tax implications for shareholders due to liquidation distributions.

BOSTON, July 12, 2021 (GLOBE NEWSWIRE) -- First Eagle Senior Loan Fund (the "Fund") (formerly NYSE: FSLF) today announced its initial liquidating distribution to its shareholders.

On or about July 16, 2021, the Fund will distribute $83,315,253, or $11.23 per share, in a cash liquidating distribution to shareholders entitled to such distribution. This represents a return to shareholders of 71.3% of the Fund's net asset value per share as of June 30, 2021. The Fund expects to make one or more additional liquidating distributions prior to its termination as it completes the liquidation and settlement of its holdings.

Shareholders may recognize gain or loss for U.S. tax purposes as a result of the liquidation. Gain or loss will generally be measured as the difference between the sum of the liquidating distributions and the shareholder's tax basis in the shares of the Fund. The Fund does not provide tax advice and investors should consult their individual tax adviser regarding the tax treatment applicable to a liquidating distribution and any other payments received in connection with the liquidation.

About First Eagle Senior Loan Fund

The Fund is a diversified, closed-end management investment company that is advised by First Eagle Alternative Credit, LLC.

About First Eagle Alternative Credit, LLC

First Eagle Alternative Credit, LLC is an alternative credit investment manager for both direct lending and broadly syndicated investments through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds. First Eagle Alternative Credit maintains a variety of advisory and sub-advisory relationships across its investment platforms. First Eagle Alternative Credit is a wholly owned subsidiary of First Eagle Investment Management, LLC.

Forward-Looking Statements

Statements included herein may constitute "forward-looking statements", which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. First Eagle Senior Loan Fund undertakes no duty to update any forward-looking statements made herein.

Contact the Fund at 1.844.409.6354 or visit the Fund's website at http://feacfslf.com for additional information.

Contact

Andrew Park
First Eagle Alternative Credit, LLC
212.829.3126

Kenneth Mintz
Stanton Public Relations & Marketing
516.468.8019

FAQ

What is the upcoming cash distribution amount for FSLF shareholders?

FSLF will distribute $83,315,253, or $11.23 per share, to its shareholders.

When will the distribution take place for FSLF?

The distribution is scheduled on or about July 16, 2021.

What percentage of the net asset value does the distribution represent for FSLF?

The distribution represents 71.3% of the Fund's net asset value per share as of June 30, 2021.

Will there be more distributions from FSLF in the future?

Yes, FSLF expects to make additional liquidating distributions as it completes its liquidation.

How will the liquidating distribution affect shareholders' taxes for FSLF?

Shareholders may recognize gain or loss based on the difference between the liquidating distributions and their tax basis in the shares.