First Eagle Senior Loan Fund Declares Monthly Distribution of $0.08 Per Share

Rhea-AI Summary

On September 4, 2020, First Eagle Senior Loan Fund (FSLF) declared a monthly distribution of $0.08 per common share, payable on September 30, 2020. With a share price of $12.28, this distribution reflects an annualized yield of 7.82%. Important distribution dates include the ex-dividend date of September 18 and the record date of September 21. It is noted that a portion of this distribution may come from sources other than undistributed net investment income. Investors should be aware that market conditions can affect the Fund’s returns and NAV, leading to the potential risk of loss.

Positive

• Monthly distribution of $0.08 per share signifies ongoing income for shareholders.
• Annualized yield of 7.82% provides an attractive return based on the current market price.

Negative

• Market fluctuations may lead to loss of capital in the Fund.
• Closed-end funds like FSLF may trade at a discount to NAV, increasing investment risk.

BOSTON, Sept. 04, 2020 (GLOBE NEWSWIRE) -- First Eagle Senior Loan Fund (the “Fund”) (NYSE: FSLF) today announced the declaration of its monthly distribution of $0.08 per common share, payable on September 30, 2020.  Based on the Fund’s share price of $12.28 as of its close on September 4, 2020, the distribution represents an annualized yield of 7.82%.  Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured.  The distribution rate should not be considered the yield or total return on an investment in the Fund.

The following dates apply to this distribution:

Ex-Dividend Date: Record Date: Payable Date:

September 18, 2020 September 21, 2020 September 30, 2020

A portion of the distribution may be treated as paid from sources other than undistributed net investment income, including but not limited to short-term capital gain, long-term capital gain or return of capital.  As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to the Fund’s shareholders in the event that a portion of the distribution is derived from sources other than undistributed net investment income.  In January or February of each year, investors will be sent a Form 1099-DIV for the previous calendar year that will define how to report the Fund's distributions for federal income tax purposes.

The investment return, price, yields, market value and net asset value (NAV) of the Fund’s shares will fluctuate with market conditions, and it is possible to lose money by investing in the Fund.  Closed-end funds frequently trade at a discount to NAV, which may increase the investor’s risk of loss.  Investment return and principal value will fluctuate.  Past performance is not a guarantee of future results.

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.  The Fund’s investment objective is to provide current income and preservation of capital primarily through investments in U.S. dollar denominated senior secured corporate loans and notes.  There can be no assurance that the Fund will achieve its investment objective.

About First Eagle Alternative Credit, LLC

First Eagle Alternative Credit 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

FAQ

What is the distribution amount for First Eagle Senior Loan Fund (FSLF) in September 2020?

The distribution amount for FSLF in September 2020 is $0.08 per common share.

When is the payable date for FSLF's September 2020 distribution?

The payable date for FSLF's September 2020 distribution is September 30, 2020.

What annualized yield does the September 2020 distribution represent for FSLF?

The September 2020 distribution represents an annualized yield of 7.82%.

What are the risks associated with investing in First Eagle Senior Loan Fund (FSLF)?

Investing in FSLF involves risks such as market fluctuations leading to potential loss of capital and trading at a discount to NAV.

What are the key dates for the September 2020 distribution of FSLF?

The key dates for the September 2020 distribution of FSLF are September 18 (ex-dividend), September 21 (record date), and September 30 (payable date).