Nuveen Asset Administration Offers Senior Mortgage Replace

Nuveen Asset Administration Offers Senior Mortgage Replace

Article content material

TORONTO, Jan. 20, 2023 (GLOBE NEWSWIRE) — (TSX: SSF.UN) Buyers and funding advisors are invited to hearken to a webinar, hosted by Larry Holzenthaler, Consumer Portfolio Supervisor, Nuveen Asset Administration (“NAM”). Mr. Holzenthaler discusses among the latest developments within the U.S. senior mortgage market and explains why NAM believes loans current a beautiful excessive earnings funding alternative in 2023. The presentation, recorded on January 11, 2023, will be seen by clicking the next hyperlink:

Commercial 2

Article content material

Senior Mortgage Market Replace – January 2023

Article content material

Symphony Floating Fee Senior Mortgage Fund (the “Fund”) invests primarily in floating-rate senior loans, that are probably the most senior company obligations of a borrower and are secured by the borrower’s property. Senior loans have a first-priority secured declare on compensation, forward of bonds and fairness. Senior loans provide a excessive degree of earnings and low rate of interest danger in comparison with conventional mounted earnings asset courses. Symphony believes that senior mortgage credit score fundamentals stay sturdy because the U.S. financial system continues to get better and company default charges are anticipated to stay low.

The Fund affords a $0.60 per unit every year distribution on its class A shares, paid month-to-month, which represents a money distribution charge of 8.8% every year based mostly on the January 18, 2023 TSX closing worth. The Fund is on the market for buy on the Toronto Inventory Alternate underneath the ticker image SSF.UN.

Commercial 3

Article content material

About Brompton Funds
Based in 2000, Brompton is an skilled funding fund supervisor with earnings centered funding options together with TSX traded closed-end funds and exchange-traded funds. For additional data, please contact your funding advisor, name Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), e-mail [email protected] or go to our web site at www.bromptongroup.com.

About Nuveen Asset Administration
Nuveen Asset Administration, LLC (“NAM”), is the is the sub-advisor for the Symphony Floating Fee Senior Mortgage Fund. NAM specializes within the administration of debt and fairness methods together with senior mortgage portfolios. NAM, a registered funding adviser, has been in enterprise for over thirty years and had an combination of U.S. $252 billion of property underneath administration as of September 30, 2022. NAM is an oblique subsidiary of Nuveen, LLC which is a subsidiary of Academics Insurance coverage and Annuity Affiliation of America.

Commercial 4

Article content material

Annual Efficiency1 1-Yr 3-Yr 5-Yr 10-Yr S.I.2
Symphony Floating Fee Senior Mortgage Fund – Class A -7.1 % 0.4 % 1.7 % 3.2 % 4.2 %
Symphony Floating Fee Senior Mortgage Fund – Class U -7.2 % 0.7 % 2.0 % 3.2 % 4.1 %

(1) Returns are for the intervals ended December 31, 2022 and are unaudited. The desk exhibits the Fund’s compound returns for every interval indicated.(2) Inception Date: November 1, 2011.

You’ll often pay brokerage charges to your vendor if you are going to buy or promote models of the funding fund on the Toronto Inventory Alternate or different different Canadian buying and selling system (an “trade”). If the models are bought or offered on an trade, buyers could pay greater than the present internet asset worth when shopping for models of the funding fund and will obtain lower than the present internet asset worth when promoting them.

Commercial 5

Article content material

There are ongoing charges and bills related to proudly owning models of an funding fund. An funding fund should put together disclosure paperwork that comprise key details about the Fund. You could find extra detailed details about the Fund within the public filings obtainable at www.sedar.com. The indicated charges of return are the historic annual compounded complete returns together with modifications within the unit worth and reinvestment of all distributions and don’t have in mind sure charges similar to redemption prices or earnings taxes payable by any securityholder that will have diminished returns.  Funding funds aren’t assured, their values change often and previous efficiency is probably not repeated. The quantity of distributions could fluctuate from month to month and there will be no assurance that the Fund will make any distribution in any explicit month.

Commercial 6

Article content material

Sure statements contained on this information launch represent forward-looking data inside the that means of Canadian securities legal guidelines. Ahead-looking data could relate to issues disclosed on this press launch and to different issues recognized in public filings regarding the Fund, to the long run outlook of the Fund and anticipated occasions or outcomes and will embody statements relating to the long run monetary efficiency of the Fund. In some circumstances, forward-looking data will be recognized by phrases similar to “could”, “will”, “ought to”, “count on”, “plan”, “anticipate”, “consider”, “intend”, “estimate”, “predict”, “potential”, “proceed” or different comparable expressions regarding issues that aren’t historic info. Precise outcomes could differ from such forward-looking data.   Buyers shouldn’t place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to replace or revise them to replicate new occasions or circumstances.

Commercial 7

Article content material

Essential Disclosures
The supplies referred to above in Senior Mortgage Market Replace – January 2023 (the “Presentation”) are supposed for informational and dialogue functions solely. The knowledge offered within the Presentation is believed to be materially appropriate as on the date hereof, however no illustration or guarantee (categorical or implied) is made as to the accuracy or completeness of any of this data. Knowledge was taken from sources deemed dependable, however can not assure its accuracy. The statements contained herein replicate opinions as of the date written and are topic to vary with out additional discover. Nothing set out within the Presentation is or shall be relied upon as a promise or illustration as to the previous or future.

Commercial 8

Article content material

This Presentation is just not a prospectus and doesn’t represent a suggestion to the general public. No public providing or promoting of funding providers or securities is meant to have taken impact by the availability of the Presentation. It’s not supposed to offer particular funding recommendation together with, with out limitation, funding, monetary, authorized, accounting or tax recommendation, or to make any suggestions about suitability for any explicit investor.

Discover to individuals in Canada:
Nuveen Asset Administration, LLC is exempt from registration as an adviser in Ontario because it meets all the situations of an “exempt worldwide adviser.” It’s required to take sure steps to depend on that exemption, one in every of which is to offer its purchasers with discover of sure issues. Discover is hereby on condition that:
1. Nuveen Asset Administration, LLC is just not registered as a `portfolio supervisor’ in Ontario or every other province or territory of Canada.
2. Nuveen Asset Administration, LLC has its workplace of jurisdiction positioned at 901 Marquette Ave., Minneapolis, Minnesota, 55402, U.S.A.
3. The native deal with for service of course of for Nuveen Asset Administration, LLC is: Torys LLP, 79 Wellington Avenue West, Suite 3000, Field 270, TD Centre, Toronto, Ontario, Canada M5K 1N2
4. There could also be issue imposing authorized rights in opposition to a non-resident adviser as a result of it’s resident outdoors Canada and all or considerably all of its property could also be located outdoors of Canada.

Commercial 1

Feedback

Postmedia is dedicated to sustaining a energetic however civil discussion board for dialogue and encourage all readers to share their views on our articles. Feedback could take as much as an hour for moderation earlier than showing on the location. We ask you to maintain your feedback related and respectful. We have now enabled e-mail notifications—you’ll now obtain an e-mail in the event you obtain a reply to your remark, there’s an replace to a remark thread you observe or if a person you observe feedback. Go to our Neighborhood Tips for extra data and particulars on tips on how to regulate your e-mail settings.