DoubleLine Funds Announce Joint Annual Meeting on February 22, 2024
Ticker: DBL · Form: DEF 14A · Filed: Jan 19, 2024 · CIK: 1525201
| Field | Detail |
|---|---|
| Company | Doubleline Opportunistic Credit Fund (DBL) |
| Form Type | DEF 14A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $124,903, $100,000, $100,000 B |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: proxy statement, annual meeting, shareholder vote, DoubleLine Funds, DEF 14A
TL;DR
<b>DoubleLine's DBL, DSL, and DLY funds will convene their joint annual shareholder meeting on February 22, 2024, with a record date of January 19, 2024.</b>
AI Summary
DoubleLine Opportunistic Credit Fund (DBL) filed a Proxy Statement (DEF 14A) with the SEC on January 19, 2024. DoubleLine Opportunistic Credit Fund (DBL), DoubleLine Income Solutions Fund (DSL), and DoubleLine Yield Opportunities Fund (DLY) will hold a joint annual meeting of shareholders on February 22, 2024. The meeting will take place at the funds' administrative offices located at 2002 North Tampa Street, Suite 200, Tampa, Florida. Shareholders of record as of January 19, 2024, are entitled to vote at the meeting. The filing is a Definitive Proxy Statement (DEF 14A) filed on January 19, 2024. No filing fee was required for this proxy statement.
Why It Matters
For investors and stakeholders tracking DoubleLine Opportunistic Credit Fund, this filing contains several important signals. This joint meeting allows for consolidated shareholder communication and voting processes across the three DoubleLine funds, potentially streamlining corporate governance. The DEF 14A filing provides shareholders with essential information regarding the meeting agenda, voting procedures, and any proposals to be considered, ensuring transparency and informed participation.
Risk Assessment
Risk Level: low — DoubleLine Opportunistic Credit Fund shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.
Analyst Insight
Shareholders should review the proxy materials to understand the proposals and exercise their voting rights for the February 22, 2024 meeting.
Key Numbers
- February 22, 2024 — Joint Annual Meeting Date (Date of the joint annual meeting for DBL, DSL, and DLY)
- January 19, 2024 — Record Date (Date as of which shareholders are entitled to notice of and to vote at the meeting)
- 20230930 — Conformed Period of Report (The period that the filing is reporting on)
- 20240119 — Filing Date (Date the DEF 14A was filed with the SEC)
Key Players & Entities
- DoubleLine Opportunistic Credit Fund (company) — Registrant and participant in the joint annual meeting
- DoubleLine Income Solutions Fund (company) — Registrant and participant in the joint annual meeting
- DoubleLine Yield Opportunities Fund (company) — Registrant and participant in the joint annual meeting
- DoubleLine Capital LP (company) — Administrative address for the funds
- February 22, 2024 (date) — Date of the joint annual meeting
- January 19, 2024 (date) — Record date for shareholders entitled to vote
- 2002 North Tampa Street, Suite 200, Tampa, Florida (location) — Location of the joint annual meeting
- DEF 14A (document_type) — Filing type
FAQ
When did DoubleLine Opportunistic Credit Fund file this DEF 14A?
DoubleLine Opportunistic Credit Fund filed this Proxy Statement (DEF 14A) with the SEC on January 19, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by DoubleLine Opportunistic Credit Fund (DBL).
Where can I read the original DEF 14A filing from DoubleLine Opportunistic Credit Fund?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by DoubleLine Opportunistic Credit Fund.
What are the key takeaways from DoubleLine Opportunistic Credit Fund's DEF 14A?
DoubleLine Opportunistic Credit Fund filed this DEF 14A on January 19, 2024. Key takeaways: DoubleLine Opportunistic Credit Fund (DBL), DoubleLine Income Solutions Fund (DSL), and DoubleLine Yield Opportunities Fund (DLY) will hold a joint annual meeting of shareholders on February 22, 2024.. The meeting will take place at the funds' administrative offices located at 2002 North Tampa Street, Suite 200, Tampa, Florida.. Shareholders of record as of January 19, 2024, are entitled to vote at the meeting..
Is DoubleLine Opportunistic Credit Fund a risky investment based on this filing?
Based on this DEF 14A, DoubleLine Opportunistic Credit Fund presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.
What should investors do after reading DoubleLine Opportunistic Credit Fund's DEF 14A?
Shareholders should review the proxy materials to understand the proposals and exercise their voting rights for the February 22, 2024 meeting. The overall sentiment from this filing is neutral.
Key Dates
- 2024-02-22: Joint Annual Meeting of Shareholders — Shareholders will vote on matters presented in the proxy statement.
- 2024-01-19: Record Date — Determines which shareholders are eligible to vote at the annual meeting.
- 2024-01-19: Filing Date — Date the Definitive Proxy Statement (DEF 14A) was filed with the SEC.
Filing Stats: 4,735 words · 19 min read · ~16 pages · Grade level 13.1 · Accepted 2024-01-19 16:17:53
Key Financial Figures
- $124,903 — n of proxies for a fee of approximately $124,903 although the actual costs of the solici
- $100,000 — man None None None John C. Salter Over $100,000 Over $100,000 Over $100,000 Ronald R.
- $100,000 B — er Over $100,000 Ronald R. Redell Over $100,000 Beneficial Ownership . To the knowledge o
Filing Documents
- dbl-20240119.htm (DEF 14A) — 511KB
- dbl-20240119_g1.jpg (GRAPHIC) — 27KB
- dbl-20240119_g2.jpg (GRAPHIC) — 13KB
- dbl-20240119_g3.jpg (GRAPHIC) — 439KB
- dbl-20240119_g4.jpg (GRAPHIC) — 197KB
- dbl-20240119_g5.jpg (GRAPHIC) — 434KB
- dbl-20240119_g6.jpg (GRAPHIC) — 196KB
- dbl-20240119_g7.jpg (GRAPHIC) — 434KB
- dbl-20240119_g8.jpg (GRAPHIC) — 196KB
- 0000894189-24-000310.txt ( ) — 5168KB
- dbl-20240119.xsd (EX-101.SCH) — 4KB
- dbl-20240119_def.xml (EX-101.DEF) — 8KB
- dbl-20240119_lab.xml (EX-101.LAB) — 13KB
- dbl-20240119_pre.xml (EX-101.PRE) — 8KB
- dbl-20240119_htm.xml (XML) — 7KB
From the Filing
dbl-20240119 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Under Rule 14a-12 DoubleLine Opportunistic Credit Fund DoubleLine Income Solutions Fund DoubleLine Yield Opportunities Fund (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 NOTICE OF JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON FEBRUARY 22, 2024 DOUBLELINE OPPORTUNISTIC CREDIT FUND (DBL) DOUBLELINE INCOME SOLUTIONS FUND (DSL) DOUBLELINE YIELD OPPORTUNITIES FUND (DLY) c/o DoubleLine 2002 North Tampa Street, Suite 200 Tampa, Florida 33602 To the Shareholders of DoubleLine Opportunistic Credit Fund ("DBL"), DoubleLine Income Solutions Fund ("DSL"), and DoubleLine Yield Opportunities Fund ("DLY") (each, a "Fund" and, collectively, the "Funds"): Notice is hereby given that a Joint Annual Meeting of Shareholders of the Funds (the "Meeting") is scheduled to be held at JW Marriott Tampa, Westshore Conference Room, 510 Water Street, Tampa, Florida 33602, on February 22, 2024, at 10:00 a.m. Eastern time. The Meeting will be held for the following purposes, which are more fully described in the accompanying Proxy Statement: 1. To elect two Trustees of each Fund to hold office for the terms indicated and until their successors shall have been elected and qualified; and 2. To transact such other business as may properly come before the Meeting or any adjournment(s) or postponement(s) thereof. The Board of Trustees of each Fund has fixed the close of business on December 22, 2023 as the record date (the "Record Date") for the determination of shareholders entitled to notice of, and to vote at, the Meeting or any adjournment or postponement thereof. Shareholders of record on the Record Date may participate in and vote at the Meeting. The Funds are sensitive to the health and travel concerns of the Funds' shareholders and the evolving recommendations from public health officials. Due to COVID-19, the date, time, location or means of conducting the Meeting may change. In the event of such a change, the Funds will issue a press release announcing the change and file the announcement on the Securities and Exchange Commission's EDGAR system, among other steps, but may not deliver additional soliciting materials to shareholders or otherwise amend the Funds' proxy materials. The Funds may consider imposing additional procedures or limitations on Meeting attendees or conducting the Meeting as a "virtual" shareholder meeting through the internet or other electronic means in lieu of an in-person meeting, subject to any restrictions imposed by applicable law. If the Meeting will be held virtually in whole or in part, a Fund will notify its shareholders of such plans in a timely manner and disclose clear directions as to the logistical details of the "virtual" meeting, including how shareholders can remotely access, participate in and vote at such meeting. The Funds plan to announce these changes, if any, at https://doubleline.com/closed-end-funds/ , and encourage you to check this website prior to the Meeting if you plan to attend. The enclosed proxy is being solicited on behalf of the Board of Trustees of each Fund. By order of the Boards of Trustees of the Funds /s/ Cris Santa Ana Cris Santa Ana Secretary Tampa, Florida January 19, 2024 It is important that your shares be represented at the Meeting in person or by proxy, no matter how many shares you own. If you do not expect to attend the Meeting, please complete, date, sign and return the applicable enclosed proxy in the accompanying envelope, which requires no postage if mailed in the United States. Please mark and mail your proxy promptly in order to save the Funds any additional costs of further proxy solicitations and in order for the Meeting to be held as scheduled. DOUBLELINE OPPORTUNISTIC CREDIT FUND (DBL) DOUBLELINE INCOME SOLUTIONS FUND (DSL) DOUBLELINE YIELD OPPORTUNITIES FUND (DLY) c/o DoubleLine 2002 North Tampa Street, Suite 200 Tampa, Florida 33602 IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON FEBRUARY 22, 2024 This Proxy Statement is available at www.proxyvote.com. Each Fund's Annual Report to Shareholders for the fiscal year ended September 30, 2023 is available