Opening and Closing Bell on Wall Street
DoubleLine Capital LP (NYSE-Listed DBL) visits the NYSE to celebrate the recent initial public offering of the DoubleLine Opportunistic Credit Fund (the “Fund”). The Fund, organized as a non-diversified, closed-end management investment company, began trading on the NYSE on January 27 under the ticker symbol “DBL.” The Fund's investment objective is to seek high total investment return by providing a high level of current income and the potential for capital appreciation. In honor of the occasion, Ron Redell, President of DoubleLine Funds, joined by Jeffrey Sherman, Portfolio Manager with DoubleLine Capital LP, rings The Closing Bell℠.
About DoubleLine Opportunistic Credit Fund
The DoubleLine Opportunistic Credit Fund (the "Fund") is a newly organized, non-diversified, closed-end management investment company. The Fund's investment objective is to seek high total investment return by providing a high level of current income and the potential for capital appreciation. There is no guarantee that the Fund will achieve its investment objective. Fund investing involves the risk of principal loss. DoubleLine Capital LP acts as the investment adviser for Fund.
As the Fund is newly organized, its shares have no history of operations or public trading. 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 this public offering. There are risks associated with an investment in the Fund. Investors should consider the Fund’s investment objective, risks, charges and expenses carefully before investing. The prospectus, which contains this and other important information about the Fund, should be read carefully before investing. A copy of the prospectus can be obtained from your broker. An investment in the Fund should not constitute a complete investment program.
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.
The Fund is a “non-diversified” investment company and therefore may invest a greater percentage of its assets in the securities of a single issuer or a limited number of issuers than funds that are “diversified.” Accordingly, the Fund is more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund might be. (Source: DoubleLine Capital)
About DoubleLine Capital LP
DoubleLine Capital LP ("DoubleLine") is an investment management firm and a registered investment adviser under the Investment Advisers Act of 1940. The firm is majority employee-owned with CEO Jeffrey Gundlach and President Philip Barach holding a combined controlling interest in the firm. DoubleLine manages approximately $25 billion in assets held in open-end mutual funds, the Fund, separate accounts and hedge funds. The firm's Los Angeles offices can be reached by telephone at (213) 633-8200 or by e-mail at firstname.lastname@example.org. DoubleLine® is a registered trademark of DoubleLine Capital LP. (Source: DoubleLine Capital)