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Senior Secured Floating Rate Loan Fund  

(Public, TSE:FRL.UN)   Watch this stock  
Find more results for FRL.UN
9.52
+0.08 (0.85%)
Mar 28 - Close
TSE data delayed by 15 mins - Disclaimer
Currency in CAD
Range 9.40 - 9.56
52 week 7.51 - 9.64
Open 9.42
Vol / Avg. 18,200.00/4,873.00
Mkt cap 71.54M
P/E     -
Div/yield     -/6.83
EPS     -
Shares 7.58M
Beta 0.23
Inst. own     -

Address

1 Adelaide St E Suite 600
TORONTO, ON M5C 2V9
Canada
+1-416-2850050 (Phone)

Website links

Description

Senior Secured Floating Rate Loan Fund is a closed-end investment trust. The Fund's investment objectives are to provide holders of Units (Unitholders) with stable monthly cash distributions; preservation of capital, and increased returns in the event that short-term interest rates rise. The Fund was created to invest in an actively managed portfolio consisting primarily of first lien senior secured floating rate corporate loans (First Lien Senior Secured Loans or Senior Secured Loans) of the United States borrowers rated B- or higher by Standard & Poor's (S&P) or B3 or higher by Moody's Investor Services, Inc. The Fund invests in bonds, term loans, derivatives and other assets/liabilities. Fiera Capital Corporation manages the Fund.

Officers and directors

Michael B. B. Simonetta Chairman of the Board of Propel Capital Corporation
Raj Lala President, Chief Executive Officer, Director of Propel Capital Corporation
Krista Matheson Chief Financial Officer, Senior Vice President, Corporate Secretary, Director of Propel Capital Corporation
Keith Crone Vice President, Director of Propel Capital Corporation