We are initiating coverage of the THL Credit Senior Loan Fund (NYSE:TSLF), a closed-end fund (or CEF) that went public back in September 2013, and has been trading in relatively modest volumes ever since. We read the Prospectus and related marketing materials. We will review the objectives, strategy and structure of the new CEF, and seek to draw out what makes this offering different in a very crowded space for Floating Rate Loans, easily the most successful and ubiquitous segment in publicly traded non investment grade loan sector in which we specialize. We will be combining that with an overview of where the Floating Rate Loan sector more generally has been and might be going, and our approach...
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