Seeking Alpha

Pioneer Floating Rate Trust (PHD)

  • Feb. 15, 2013, 12:24 PM
    Inflows into leveraged loan funds hit another record last week, according to BAML, $1.5B vs. $1.3B the previous week. This paper - often created in the process of LBOs - is higher up in the capital structure than other debt and typically variable-rate. An ETF: BKLN. Closed-end funds: PHD, [JFR, EFR, EFT, JRO.
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Company Description
The Fund is a non-diversified closed-end management investment company with the primarily investment objective of seeking to provide a high level of current income. Capital preservation is the secondary investment objective. Under normal market conditions,