DoubleLine Income Solutions Fund (NYSE:DSL) Plans Monthly Dividend of $0.11

DoubleLine Income Solutions Fund (NYSE:DSL) declared a monthly dividend on Friday, January 2nd. Investors of record on Wednesday, January 14th will be paid a dividend of 0.11 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 11.7%. The ex-dividend date is Wednesday, January 14th.

DoubleLine Income Solutions Fund Trading Down 0.3%

Shares of DSL stock opened at $11.24 on Friday. The firm’s fifty day moving average price is $11.37 and its two-hundred day moving average price is $11.92. DoubleLine Income Solutions Fund has a 1 year low of $10.58 and a 1 year high of $12.92.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC bought a new position in shares of DoubleLine Income Solutions Fund in the second quarter valued at $96,042,000. McGowan Group Asset Management Inc. grew its position in shares of DoubleLine Income Solutions Fund by 1.1% in the 2nd quarter. McGowan Group Asset Management Inc. now owns 3,225,943 shares of the company’s stock valued at $39,486,000 after acquiring an additional 35,833 shares during the period. UBS Group AG increased its stake in shares of DoubleLine Income Solutions Fund by 3.9% during the 3rd quarter. UBS Group AG now owns 1,058,810 shares of the company’s stock worth $13,002,000 after purchasing an additional 39,491 shares during the last quarter. Invesco Ltd. raised its holdings in shares of DoubleLine Income Solutions Fund by 7.6% in the 3rd quarter. Invesco Ltd. now owns 1,007,104 shares of the company’s stock valued at $12,367,000 after purchasing an additional 71,371 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in DoubleLine Income Solutions Fund by 13.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 767,076 shares of the company’s stock valued at $9,362,000 after purchasing an additional 88,645 shares during the last quarter.

About DoubleLine Income Solutions Fund

The DoubleLine Income Solutions Fund (NYSE: DSL) is a closed-end management investment company designed to deliver high current income and total return. The fund seeks to achieve its investment objective through monthly distributions of interest and dividend income, with the potential for capital appreciation. It trades on the New York Stock Exchange, offering investors convenient access to a diversified portfolio of fixed-income securities within a single listed vehicle.

The fund’s portfolio typically comprises a multi-sector mix of fixed-income instruments, including corporate bonds, mortgage-backed securities, asset-backed securities, municipal debt and emerging-market bonds.