DoubleLine Income Solutions Fund Begins Trading on NYSE

DoubleLine Income Solutions Fund DSL has completed an initial public offering of common shares listed on the New York Stock Exchange, Fund adviser DoubleLine Capital LP ("DoubleLine") announced today. Organized as a non-diversified, closed-end management investment company, the Fund trades under the symbol DSL. The Fund raised approximately $2.3 billion in proceeds (before deduction of the sales load and offering expenses and exclusive of the underwriters' overallotment option) in the offering of 92 million common shares at $25 per share. The Fund has granted the underwriters an option to purchase additional common shares at the public offering price less the sales load within 45 days of the date of prospectus, solely to cover overallotments, if any. As of April 25, 2013, the $2.3 billion capital raise represents one of the largest IPOs for any closed-end bond fund in the U.S.