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First Eagle Senior Loan Fund (FSLF)

NYSE - Nasdaq Real Time Price. Currency in USD
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14.63+0.07 (+0.48%)
As of 11:54AM EDT. Market open.
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MACD

Previous Close14.56
Open14.60
Bid14.60 x 1800
Ask14.63 x 1200
Day's Range14.61 - 14.63
52 Week Range11.60 - 14.75
Volume11,868
Avg. Volume25,078
Market Cap108.54M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateMay 07, 2020
Forward Dividend & Yield0.84 (5.71%)
Ex-Dividend DateMay 19, 2021
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • GlobeNewswire

    First Eagle Senior Loan Fund Declares Monthly Distribution of $0.07 Per Share

    BOSTON, May 10, 2021 (GLOBE NEWSWIRE) -- First Eagle Senior Loan Fund (the “Fund”) (NYSE: FSLF) today announced the declaration of its monthly distribution of $0.07 per common share, payable on May 28, 2021. Based on the Fund’s share price of $14.70 as of its close on May 10, 2021, the distribution represents an annualized yield of 5.71%. Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured. The distribution rate should not be considered the yield or total return on an investment in the Fund. The following dates apply to this distribution: Ex-Dividend Date:May 19, 2021Record Date:May 20, 2021Payable Date:May 28, 2021 A portion of the distribution may be treated as paid from sources other than undistributed net investment income, including but not limited to short-term capital gain, long-term capital gain or return of capital. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to the Fund’s shareholders in the event that a portion of the distribution is derived from sources other than undistributed net investment income. In January or February of each year, investors will be sent a Form 1099-DIV for the previous calendar year that will define how to report the Fund's distributions for federal income tax purposes. The investment return, price, yields, market value and net asset value (NAV) of the Fund’s shares will fluctuate with market conditions, and it is possible to lose money by investing in the Fund. Closed-end funds frequently trade at a discount to NAV, which may increase the investor’s risk of loss. Investment return and principal value will fluctuate. Past performance is not a guarantee of future results. About First Eagle Senior Loan Fund The Fund is a diversified, closed-end management investment company that is advised by First Eagle Alternative Credit, LLC. The Fund’s investment objective is to provide current income and preservation of capital primarily through investments in U.S. dollar denominated senior secured corporate loans and notes. There can be no assurance that the Fund will achieve its investment objective. About First Eagle Alternative Credit, LLC First Eagle Alternative Credit is an alternative credit investment manager for both direct lending and broadly syndicated investments through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds. First Eagle Alternative Credit maintains a variety of advisory and sub-advisory relationships across its investment platforms. First Eagle Alternative Credit is a wholly-owned subsidiary of First Eagle Investment Management, LLC. Forward-Looking Statements Statements included herein may constitute “forward-looking statements”, which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those 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 undertakes no duty to update any forward-looking statements made herein. Contact the Fund at 1.844.409.6354 or visit the Fund’s website at http://feacfslf.com for additional information. Contact Andrew ParkFirst Eagle Alternative Credit, LLC212.829.3126

  • Xcel Brands Announces $100mm Refinancing and Acquisition Facility
    GlobeNewswire

    Xcel Brands Announces $100mm Refinancing and Acquisition Facility

    Leading Consumer Products Livestreaming Company Sees Significant OpportunitiesNEW YORK, April 15, 2021 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ: XELB) today announced it has entered into a refinancing of its existing credit facility. The refinancing provides an initial $25 million term loan under a facility jointly provided by BHI and First Eagle Alternative Credit, LLC, and up to an additional $25 million for acquisitions, subject to lender approval; and separately, through First Eagle Alternative Credit, LLC an additional $50 million acquisition facility subject to lender approval. “I am delighted to further our relationship with BHI and welcome First Eagle into our capital structure. The facilities provide us with an immediate $10 million of liquidity and up to $75 million for future acquisitions. We are seeing attractive opportunities that can drive our digital and livestreaming DTC businesses. Timing is perfect for a facility of this nature,” said Robert W. D’Loren, Xcel Brands’ Chairman and Chief Executive Officer. “First Eagle is excited to be part of the financing solution and looks forward to supporting XCEL’s strategic growth,” said Larry Klaff, Senior Managing Director for First Eagle. “BHI’s primary goal is to meet the business objectives of our clients and we are delighted to provide financing to facilitate Xcel’s growth,” said Mitchell Barnett, BHI Executive Vice President and Head of Commercial & Industrial and Brand Financing. About Xcel BrandsXcel Brands, Inc. (NASDAQ:XELB) is a media and consumer products company engaged in the design, production, marketing, wholesale, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. The company has sold in excess of $3BB US in retail sales through live streaming on TV. Xcel was founded by Robert W. D'Loren in 2011 with a vision to reimagine shopping, entertainment, and social media as one. Xcel owns the Isaac Mizrahi, Judith Ripka, Halston, and C. Wonder brands, and it owns and manages the Longaberger brand through its controlling interest in Longaberger Licensing LLC, pioneering a ubiquitous sales strategy which includes the promotion and sale of products under its brands through interactive television, brick-and-mortar retail, e-commerce and peer to peer channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant livestream production, merchandising, design, production, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies. With an experienced team of professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels. Xcel differentiates by design. www.xcelbrands.com About BHI (www.bhiusa.com)BHI, the U.S division of Bank Hapoalim, Israel’s leading financial institution, provides commercial banking solutions to middle market clients in sectors including commercial real estate, C&I, food and beverage, entertainment, apparel, healthcare and high-tech. In addition to its New York headquarters, the bank operates U.S. Representative Offices in Woodcliff Lake, New Jersey; Miami, Florida; and Los Angeles, California. About First Eagle Alternative Credit, LLCFirst Eagle Alternative Credit, LLC (”FEAC”) is an investment manager for both direct lending and broadly syndicated investments that, together with its affiliates, has approximately $20 billion of assets under management as of December 31, 2020, through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds. FEAC and its subsidiary maintain a variety of advisory or sub-advisory relationships across its investment platform, including First Eagle Alternative Capital BDC, Inc. (Nasdaq: FCRD), a publicly traded business development company and First Eagle Senior Loan Fund (NYSE: FSLF), a non-diversified, closed-end management investment company. FEAC is headquartered in Boston and also has investment teams in Chicago, Dallas, Los Angeles and New York. FORWARD LOOKING STATEMENTSCertain statements in this presentation, as well as certain oral statements made by management during the presentation, constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements expressed or implied regarding our plans and milestones, plans to fund our current activities, statements concerning our strategic relationships and activities, strategy, future operations and expansion, future financial position, future sales and revenues, projected costs, and market penetration. In some cases, forward-looking statements can be identified by terminology such as “may, “will”, “should”, “expects”, “seeks”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”, “projects”, “continue”, “intends”, “could”, “opportunity”, or negative of such terms or other comparable terminology. These statements are based on our current expectations and assumptions and are not guarantees of future performance. You should not place undue reliance on our forward-looking statements, which are subject to a multitude of known and unknown risks and uncertainties that could cause actual results, future circumstance or events to differ materially from those stated in or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the ability of our licensees to produce, market and sell quality products bearing our brand names, continued market acceptance of our brands and any future brands we acquire, our ability to service our significant debt obligations, our ability to raise capital for any future acquisitions, concentration of a substantial portion of our licensing revenue from a limited number licensees, our dependence on QVC, restrictions in our agreements with QVC and other licensees on our ability to sell products with certain retailers, our dependence on promotional services of our spokespersons, our ability to manage expected future growth, our ability to identify and acquire additional trademarks, competition for licensees, competition in our licensee’s markets, our ability to protect our intellectual property, our dependence on our CEO and other key executive officers, the success of our e-commerce strategy and other risks and uncertainties detailed from time to time in our public disclosure documents or other filings with the Securities and Exchange Commission. Additional risks and uncertainties relating to us and our business can be found in the “Risk Factors” section of our latest annual report on Form 10-K as well as in our other public filings. The forward- looking statements are made as of the date hereof, and we disclaim any intention and have no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. MEDIA CONTACT:Lividini & Co.Jacqueline Bosellijacqueline@lividini.com Investor Contact:SM Berger & CompanyAndrew Berger216-464-6400andrew@smberger.com

  • GlobeNewswire

    First Eagle Senior Loan Fund Declares Monthly Distribution of $0.07 Per Share and Announces Management Change

    BOSTON, Jan. 11, 2021 (GLOBE NEWSWIRE) -- First Eagle Senior Loan Fund (the “Fund”) (NYSE: FSLF) today announced the declaration of its monthly distribution of $0.07 per common share, payable on January 29, 2021. Based on the Fund’s share price of $14.00 as of its close on January 11, 2021, the distribution represents an annualized yield of 6.00%. Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured. The distribution rate should not be considered the yield or total return on an investment in the Fund. The following dates apply to this distribution:Ex-Dividend Date: Record Date: Payable Date:January 18, 2021 January 19, 2021 January 29, 2021 A portion of the distribution may be treated as paid from sources other than undistributed net investment income, including but not limited to short-term capital gain, long-term capital gain or return of capital. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to the Fund’s shareholders in the event that a portion of the distribution is derived from sources other than undistributed net investment income. In January or February of each year, investors will be sent a Form 1099-DIV for the previous calendar year that will define how to report the Fund's distributions for federal income tax purposes. The investment return, price, yields, market value and net asset value (NAV) of the Fund’s shares will fluctuate with market conditions, and it is possible to lose money by investing in the Fund. Closed-end funds frequently trade at a discount to NAV, which may increase the investor’s risk of loss. Investment return and principal value will fluctuate. Past performance is not a guarantee of future results.The Fund also announced today that Brian W. Good, a member of the Fund’s portfolio management team, will be transitioning as an ESG consultant for the Adviser effective January 21, 2021. As of January 15, 2021, Mr. Good will no longer manage the Fund’s portfolio. Robert J. Hickey, a member of the Fund’s portfolio management team and an interested Trustee of the Fund, has been appointed by the Board as the Fund’s President and Principal Executive Officer. Mr. Hickey, along with the other members of the Fund’s portfolio management team, Messrs. James R. Fellows, Brian J. Murphy and Stephen F. Krull, will continue to manage the Fund.About First Eagle Senior Loan FundThe Fund is a diversified, closed-end management investment company that is advised by First Eagle Alternative Credit, LLC. The Fund’s investment objective is to provide current income and preservation of capital primarily through investments in U.S. dollar denominated senior secured corporate loans and notes. There can be no assurance that the Fund will achieve its investment objective.About First Eagle Alternative Credit, LLCFirst Eagle Alternative Credit is an alternative credit investment manager for both direct lending and broadly syndicated investments through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds. First Eagle Alternative Credit maintains a variety of advisory and sub-advisory relationships across its investment platforms. First Eagle Alternative Credit is a wholly-owned subsidiary of First Eagle Investment Management, LLC.Forward-Looking StatementsStatements included herein may constitute “forward-looking statements”, which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those 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 undertakes no duty to update any forward-looking statements made herein.Contact the Fund at 1.844.409.6354 or visit the Fund’s website at http://feacfslf.com for additional information.ContactAndrew Park First Eagle Alternative Credit, LLC 212.829.3126