The Fund announced that it has entered into a $300 million unsecured revolving credit facility (the “Credit Facility”) with a syndicate of lenders. The Credit Facility matures on February 8, 2021. The Credit Facility replaces the Company’s $300 million unsecured revolving credit facility that was scheduled to mature on February 7, 2020.

The interest rate on outstanding borrowings under the Credit Facility may vary between LIBOR plus 1.30% and LIBOR plus 1.95%, depending on the Company’s asset coverage ratios. Based on the Company’s current asset coverage ratios, the interest rate would be one-month LIBOR plus 1.30%. The Company will pay a commitment fee of 0.20% per annum on any unused amounts of the Credit Facility. As of February 7, 2020, the Company had $52 million of borrowings outstanding under the Credit Facility. As of 2020-02-07, the Fund’s leverage was 34.4% and MLP Funds Group leverage was 30.6%.