The top five holders of this closed-end fund are: Morgan Stanley, McGowan Group Asset Management, Inc., UBS Group AG, Wells Fargo & Company, and Invesco Ltd. The fund pays a current annual dividend yield of 7.19%, paid monthly.
DoubleLine Income Solutions Fund (DSL)
From Brinker Fixed Income Advisor
The DoubleLine Income Solutions Fund closed-end fund is our 2021 Top Pick for income investors seeking a high payout income fund. Through the first five months of 2021 the fund has produced a total return of 13.9% (as of 5/31/2021).
At the recent price of $18.39, the closed-end fund trades at a slight -0.65% discount to net asset value of $18.51. The generous discount available at the start of the year has mostly been erased.
The closed-end fund pays a monthly distribution of $0.11, or approximately $1.32 per year. This represents a distribution yield of 7+% annually at the current market price. The fund seeks high current income with capital appreciation.
Robert M. Brinker, CFS, Brinker Fixed Income Advisor, brinkeradvisor.com, 303-688-2555, June 10, 2021