DoubleLine Funds Announce Joint Annual Meeting for February 22, 2024
Ticker: DLY · Form: DEF 14A · Filed: Jan 19, 2024 · CIK: 1788399
| Field | Detail |
|---|---|
| Company | Doubleline Yield Opportunities Fund (DLY) |
| 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, SEC Filing
Related Tickers: DLY, DBL, DSL
TL;DR
<b>DoubleLine's DBL, DSL, and DLY funds will convene their joint annual shareholder meeting on February 22, 2024, in Tampa, FL.</b>
AI Summary
DoubleLine Yield Opportunities Fund (DLY) filed a Proxy Statement (DEF 14A) with the SEC on January 19, 2024. Three DoubleLine Funds (DBL, DSL, 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 proxy statement is filed under Schedule 14A of the Securities Exchange Act of 1934. No filing fee was required for this definitive proxy statement.
Why It Matters
For investors and stakeholders tracking DoubleLine Yield Opportunities Fund, this filing contains several important signals. This joint meeting allows for consolidated shareholder communication and voting processes across the three related funds. The filing of a definitive proxy statement indicates the formal commencement of the shareholder voting process for the annual meeting.
Risk Assessment
Risk Level: low — DoubleLine Yield Opportunities 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 voting matters and participate in the annual meeting on February 22, 2024.
Key Numbers
- 2024-02-22 — Annual Meeting Date (Joint Annual Meeting of Shareholders)
- 2024-01-19 — Record Date (Shareholders of record as of this date are entitled to vote)
Key Players & Entities
- DoubleLine Yield Opportunities Fund (company) — Registrant
- DoubleLine Opportunistic Credit Fund (company) — Registrant
- DoubleLine Income Solutions Fund (company) — Registrant
- DBL (company) — Fund ticker
- DSL (company) — Fund ticker
- DLY (company) — Fund ticker
- February 22, 2024 (date) — Annual Meeting Date
- January 19, 2024 (date) — Record Date
Forward-Looking Statements
- Shareholders of the DoubleLine funds will receive proxy materials and be asked to vote on specific proposals. (DoubleLine Yield Opportunities Fund, DoubleLine Opportunistic Credit Fund, DoubleLine Income Solutions Fund) — high confidence, target: 2024-03-31
FAQ
When did DoubleLine Yield Opportunities Fund file this DEF 14A?
DoubleLine Yield Opportunities 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 Yield Opportunities Fund (DLY).
Where can I read the original DEF 14A filing from DoubleLine Yield Opportunities 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 Yield Opportunities Fund.
What are the key takeaways from DoubleLine Yield Opportunities Fund's DEF 14A?
DoubleLine Yield Opportunities Fund filed this DEF 14A on January 19, 2024. Key takeaways: Three DoubleLine Funds (DBL, DSL, 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 Yield Opportunities Fund a risky investment based on this filing?
Based on this DEF 14A, DoubleLine Yield Opportunities 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 Yield Opportunities Fund's DEF 14A?
Shareholders should review the proxy materials to understand voting matters and participate in the annual meeting on February 22, 2024. The overall sentiment from this filing is neutral.
How does DoubleLine Yield Opportunities Fund compare to its industry peers?
The filing pertains to closed-end management investment companies that hold annual meetings to allow shareholders to vote on fund matters.
Are there regulatory concerns for DoubleLine Yield Opportunities Fund?
The filing is made in accordance with Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.
Industry Context
The filing pertains to closed-end management investment companies that hold annual meetings to allow shareholders to vote on fund matters.
Regulatory Implications
The filing is made in accordance with Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.
What Investors Should Do
- Shareholders should review the proxy statement for details on voting matters.
- Eligible shareholders should cast their votes for the February 22, 2024 annual meeting.
- Confirm shareholder of record status as of January 19, 2024.
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 — Establishes eligibility for shareholders to vote at the annual meeting.
Year-Over-Year Comparison
This is a definitive proxy statement for an annual meeting, indicating a routine corporate governance event.
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