The Fund has closed a $100 million private offering of Series A Mandatorily Redeemable Preferred Shares due December 18, 2030. These Shares are rated A2 by Moody’s Investors Service, Inc.
Net proceeds from the offering will be used primarily to refinance the Fund’s existing debt and to make new portfolio investments. As of 2025-12-17, the Fund’s leverage was 29.4% and High Yield Bond Funds Group leverage was 20.9%.
