Nicholas Marshi
Debt, value, non-investment grade debt, registered investment advisor

Get An 8% Yield In A Worthy New Closed-End Floating Rate Fund

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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details