Symphony Floating Rate Senior Loan Fund Announces Distributions

Fund Distribution Details - Symphony Floating Rate Senior Loan Fund announces monthly distributions for Class A Units at $0.045 per unit for record dates from January to March 2025 [1] - The annual distribution rate for Class A Units is $0.54, representing a 7.8% yield based on the TSX closing price of $6.95 on January 23, 2025 [1] - Class U Units will receive a distribution of US$0.045 per unit, representing a 7.7% yield based on a NAV of US$7.04 on January 23, 2025 [2] Fund Performance - Class A Units returned 11.5% in 2024, outperforming the Credit Suisse Leveraged Loan Index by 2.4% [3] - Class U Units returned 11.8% in 2024, outperforming the Credit Suisse Leveraged Loan Index by 2.7% [3] - Since inception, Class A Units have paid 158 consecutive monthly distributions totaling $8.07 per unit, while Class U Units have paid US$7.99 per unit [4] Historical Returns - Class A Units have annual compound returns of 11.5% (1-year), 5.0% (3-year), 4.8% (5-year), 4.4% (10-year), and 5.3% since inception [6] - Class U Units have annual compound returns of 11.8% (1-year), 5.2% (3-year), 5.0% (5-year), 4.6% (10-year), and 5.3% since inception [6] - The Credit Suisse Leveraged Loan Index returned 9.1% (1-year), 6.8% (3-year), 5.7% (5-year), 5.1% (10-year), and 5.2% since inception [6] Market Environment - The secured overnight financing rate (SOFR) has declined by 1.03% from 5.38% on September 16, 2024 to 4.35% on January 23, 2025, impacting income from senior loans in the Fund's portfolio [1] - Senior loans continue to deliver high levels of current income while insulating investors from traditional interest rate risk [3] Fund Management - The Fund employs leverage and is actively managed, which may result in performance differing from the Credit Suisse Leveraged Loan Index [7] - The Fund offers a distribution reinvestment plan (DRIP) for both Class A and Class U Units, allowing unitholders to reinvest distributions commission-free [4]