BOSTON, July 12, 2021 (GLOBE NEWSWIRE) – First Eagle Priority Loan Fund (“the Fund”) (formerly NYSE: FSLF) has announced an initial distribution of shares to shareholders.
On or about July 16, 2021, the Fund will distribute US $ 83,315,253, or US $ 11.23 per share, in cash payments to eligible shareholders. This represents a return to shareholders of 71.3% of the Fund’s net asset value per share as at 30 June 2021. The fund expects to make one or more additional liquidation payments prior to termination when it has completed the liquidation and settlement of its assets.
Shareholders may recognize gain or loss for US tax purposes resulting from the liquidation. Profit or loss is usually measured as the difference between the amount of the liquidation payments and the shareholder’s tax base in the shares of the Fund. The fund does not provide tax advice and investors should consult with their individual tax advisor regarding the tax treatment applicable to the liquidation distribution and any other payments received in connection with the liquidation.
About First Eagle Senior Loan Fund
The fund is a diversified private equity investment management company advised by First Eagle Alternative Credit, LLC.
About First Eagle Alternative Credit, LLC
First Eagle Alternative Credit, LLC is an Alternative Credit Investment Manager for both direct lending and syndicated investments through public and private entities, secured loan commitments, separately managed accounts and joint funds. First Eagle Alternative Credit maintains a variety of advisory and support relationships on its investment platforms. First Eagle Alternative Credit is a wholly owned subsidiary of First Eagle Investment Management, LLC.
The statements included in this document may constitute “forward-looking statements” that relate to future events or our future results or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results could differ materially from those indicated in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. First Eagle Senior Loan Fund assumes no obligation to update any forward-looking statements made herein.
Contact the Foundation at 1.844.409.6354 or visit the Foundation’s website at http://feacfslf.com for more information.
First Eagle Alternative Credit, LLC
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