The DoubleLine Opportunistic Credit Fund is a group of people who use money from other people to invest in different things, hoping to make more money. They recently said they will give some of the extra money they made to the people who gave them their money in April 2024. The amount they will give and when they will give it was decided by the group's leaders. The people who get this extra money might have to pay taxes on it, but they won't know exactly how much until next year. Read from source...
1. The headline of the article is misleading and exaggerated. It suggests that the fund has declared a distribution for April 2024, when in reality it is only an estimate based on past performance and market conditions. A more accurate headline would be "DoubleLine Opportunistic Credit Fund Projects April 2024 Distribution Based on Current Performance and Outlook".
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Key points:
- The Fund declared a distribution of $0.12 per share for April 2024
- The distribution is subject to certain dates and may include ordinary income, long-term capital gains or return of capital
- The Fund's investment objective is to seek high total investment return by providing current income and potential capital appreciation
- DoubleLine Capital is the investment adviser registered under the Investment Advisers Act of 1940
Summary:
The article announces a distribution of $0.12 per share for the month of April 2024 by the DoubleLine Opportunistic Credit Fund, which is managed by DoubleLine Capital LP. The distribution may vary in terms of its tax characteristics and reflects the Fund's goal to generate high returns for its shareholders. The article provides some information about the Fund and its adviser, but does not offer any advice or recommendation.
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