Market Newsdesk

SAN FRANCISCO, Dec. 1, 2020 /PRNewswire/ — Loop Commerce, today announced that Dressage Extensions, a sister brand of Dover Saddlery, the largest equestrian omnichannel retailer in the United States, deployed GiftNow® on its e-commerce platform to further enhance and simplify the gift shopping experience. GiftNow transforms Dressage Extensions‘ digital gifting experience by delivering an easy, stress-free way to shop for and customize the gifting of gift cards. Recipients can also enjoy shopping over 8,500 European-influenced equestrian dressage products specifically curated for horse and rider performance in the dressage discipline.

Dover Saddlery extended the GiftNow platform to Dressage Extensions, based on the adoption and success over the past year that Dover Saddlery has experienced with their e-commerce platform. With the pandemic’s onset, the company recognized that many riders depend on Dover Saddlery products for horse health and provide quality equipment. The company quickly pivoted, increasing the focus on its e-commerce platform to ensure customers had what they needed to care for their horses and continue to enjoy their equestrian lifestyle. With the understanding that the digital gifting experience is just as important as the experience of buying merchandise for one’s self, Dover Saddlery enabled customers to gift in a new way. Over the Mother’s Day holiday, GiftNow was a winning formula, helping Dover Saddlery increase sales 10% compared to last year and experience 74% growth in gifting. With the addition of GiftNow to the Dressage Extensions brand, the two companies are helping to ensure an optimal gifting experience for all of their customers.

“We are delighted with GiftNow’s value to Dover Saddlery and are thrilled to extend our partnership with Loop Commerce to Dressage Extensions,” said Dana Springfield, vice president of marketing, Dover Saddlery. “Adding GiftNow to Dressage Extensions was easy and required minimal effort. We’re looking forward to enjoying the many benefits made possible by GiftNow, including lower cart abandonment, increased incremental sales, improved customer acquisition, and reduced returns and shipping costs.”

Gift giving is an integral part of Dressage Extensions’ customers’ desire to express love, gratitude, and joy. Whether it’s celebrating a birthday, showing affection, making holiday wishes come true, or ‘just because,’ Dressage Extensions is delivering highly personalized experiences when gifting and receiving gift cards or products such as innovative riding apparel for training or show, custom boots, bits and tack from the finest sources, and accessories to accentuate personal style. GiftNow enables thoughtfully designed, customized and data-driven digital gift experiences that add significant value during this often overlooked but essential part of the customer journey.

GiftNow is a holistic gifting solution for consumers, businesses, and merchants. By recognizing gifting as a complex, interconnected system, understanding gift shopping as a unique customer journey distinct from self-shopping, and considering the needs and desires of both gifters and recipients, GiftNow creates thoughtfully designed gifting experiences that add value every step of the way. For Dressage Extensions’ customers who prefer to gift merchandise, they no longer need to worry about choosing the correct size, color, or style, or knowing the correct shipping address. GiftNow delights the recipient by allowing them to virtually unwrap their gift and then personalize it by choosing their preferences. The recipient can also instantly exchange an item for their perfect gift – before it ships. Dressage Extensions customers may also choose to send a digital gift card that they can personalize with a written or video message.

“We’re excited to expand the GiftNow relationship with Dover Saddlery to their Dressage Extensions sister brand,” said Jenn Muller, CMO of Loop Commerce. “The unique GiftNow digital gifting experience, customized to match Dressage Extensions’ specialty brand, eliminates the hurdles in the gift shopper’s conversion path. Shoppers can gift with confidence and ease, and recipients get precisely the gift they want.”

About Dressage Extensions

Since 1982, Dressage Extensions, a subsidiary of Dover Saddlery®, has been Partners in Performance for dressage riders across the United States. The family-owned and operated Company headquartered in Moorpark, Calif., was established to provide European-influenced products specifically for dressage horses and riders at all levels, from training to FEI. The Company’s Moorpark store and contact center are staffed with knowledgeable dressage riders available to help customers find a perfect solution to a challenge or design customized products. Dressage Extensions is a proud sponsor of the United States Dressage Federation and their group member organizations who champion the success of the sport.

For more information and to shop online, visit https://www.dressageextensions.com.

About Loop Commerce

GiftNow, from Synchrony’s Loop Commerce, is a holistic Gift Experience Management^TM (GXM) solution that takes the friction out of gifting. With GiftNow’s purpose-built GXM platform, gifters can send personalized digital gifts and gift cards in seconds via email or text. Recipients can exchange or modify the gift on their device before it ships. GiftNow enables memorable experiences that benefit gift givers and recipients, as well as corporate gifting programs, premium specialty and department retailers, and direct to consumer brands.

For more information, please visit www.giftnow.com

About Synchrony

Synchrony (NYSE: SYF) is a premier consumer financial services company. We deliver a wide range of specialized financing programs, as well as innovative consumer banking products, across key industries including digital, retail, home, auto, travel, health and pet. Synchrony enables our partners to grow sales and loyalty with consumers. We are one of the largest issuers of private label credit cards in the United States; we also offer co-branded products, installment loans and consumer financing products for small- and medium-sized businesses, as well as healthcare providers.

Synchrony is changing what’s possible through our digital capabilities, deep industry expertise, actionable data insights, frictionless customer experience and customized financing solutions.

For more information, visit www.synchrony.com  and Twitter: @Synchrony

Media Contacts:

For Dressage Extensions/Dover Saddlery:

Whitney Keeley


[email protected]

For Synchrony:

Farrah Aper


[email protected]
 

View original content to download multimedia:http://www.prnewswire.com/news-releases/dressage-extensions-implements-giftnow-to-optimize-online-gift-shopping-301182652.html

SOURCE Synchrony

NEW YORK, Dec. 1, 2020 /PRNewswire/ — Arena Investors, LP (“Arena”), an institutional asset manager, today announced the final close of Arena Special Opportunities Partners I, LP and Arena Special Opportunities Partners (Cayman) I, LP with total committed capital of $519 million. The close exceeds the $300 million target that was set for the fund, which was launched in March.

Arena’s latest Fund invests in asset-backed, credit-oriented investments presented by the economic disruption and market dislocations from the COVID-19 pandemic. The fund has a flexible, global mandate with a majority of investors based in North America and Australia.

“With an investment strategy grounded in our 20 plus years of experience investing globally across divergent economic downturns, Arena is well-positioned to find value in all economic environments, especially today’s,” said Dan Zwirn, Arena Investors Chief Executive Officer and Chief Investment Officer. “The COVID-19 pandemic has caused newfound disruption to both society and the global economy and moved trends we were already seeing forward by five to ten years, especially in the industries that have been most heavily impacted. While much has changed, our flexible approach has allowed us to adjust quickly and continually identify attractive opportunities to deliver value to our investors.”

Arena’s flexible and bespoke special-situations approach has enabled the firm to provide investors with access to a global diverse investment set across market cycles, inclusive of COVID-19 affected assets to enhance value for all stakeholders.

About Arena Investors

Arena Investors is an institutional asset manager, founded in partnership with The Westaim Corporation (TSXV: WED). With $1.7 billion of committed assets under management as of October 1, 2020, and a team of over 60 employees in offices globally, Arena provides creative solutions for those seeking capital in special situations. The firm brings individuals with decades of experience, a track record of comfort with complexity, the ability to deliver within time constraints, and the flexibility to engage in transactions that cannot be addressed by banks and other conventional financial institutions. Arena Investors works to enable individuals, corporations, and asset owners to achieve their goals. Arena Investors’ mandate is global, and also unconstrained in terms of asset class and industry.

Media Contacts:


Lindsay Jablonski

[email protected]

Investor Contacts:


Parag Shah

[email protected]

View original content to download multimedia:http://www.prnewswire.com/news-releases/arena-investors-closes-special-opportunities-partners-fund-i-at-519m-301182603.html

SOURCE Arena Investors

Hapbee Completes CE Certification, Enabling Entry into European Market

(TSXV: HAPB)

VANCOUVER, BC, Dec 1, 2020 /PRNewswire/ – Hapbee Technologies, Inc. (TSXV: HAPB) (“Hapbee“ or the “Company“), a wellness technology company developing the revolutionary Hapbee wearable, is pleased to announce it is advancing several new signals into the closed beta phase of testing. Pending successful testing completion and licensing arrangements with EMulate Therapeutics, Inc., there will be a new signal launch through the Hapbee Companion App in Q1 2021.

“Our team has identified several promising signal candidates that have the potential to enhance moments in people’s daily lives,” said Scott Donnell, Chief Executive Officer of Hapbee. “Following successful completion of closed beta testing with humans and licensing activities, we aim to launch at least one of these new signals through the Hapbee Companion App in early 2021. The development of new signals is paramount to our organizational goal of continually providing Hapbee members with new experiences.”

The Company expects to begin closed beta testing of the signals in the coming weeks.

Completed CE Certification for Wearable Wellness Product

Hapbee has completed Conformitè Europëenne (“CE”) certification and declaration for its wearable wellness product, enabling it to be sold within the European Union (“EU”). The EU is home to over 500 million consumers across 28 member countries, making it the second largest consumer market in the world.

The CE mark signifies that a product sold in the European Economic Area has been assessed to meet high safety, health, and environmental protection requirements. CE marking does not indicate that a product has been approved as safe by the EU or by another authority.

About Hapbee

Hapbee is a wearable magnetic field technology company that aims to help people choose how they feel. Powered by patented ultra-low radio frequency energy (ulRFE^®) technology invented and licensed by EMulate Therapeutics, Inc., Hapbee delivers low-power electromagnetic signals designed to produce sensations such as Happy, Alert, Focus, Relax, Calm and Sleepy.

You can learn more about how Hapbee works at www.hapbee.com/science

Forward-Looking Information Disclaimer

Certain statements included in this news release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This news release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Any statements about Hapbee’s business plans or its upcoming development targets – including development of the Hapbee smartphone app, manufacturing and shipping for the Indiegogo campaign, research and development of new signals and the Company’s pursuit of a public listing – are all forward-looking information. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including, anticipated costs, and the ability to achieve its goals.

Factors that could cause the actual results to differ materially from those in the forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, and general economic, market or business conditions, changes in legislation and regulations, increase in operating costs, equipment failures, failure of counterparties to perform their contractual obligations, litigation, the loss of key directors, employees, advisors or consultants and fees charged by service providers. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. These risks, uncertainties and assumptions include, but are not limited to, those described in Hapbee prospectus dated October 26, 2020, a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there be no assurance that the listing of the common shares of the Company will occur. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, visit: www.hapbee.com.

View original content to download multimedia:http://www.prnewswire.com/news-releases/hapbee-advances-new-signals-into-closed-beta-phase-301182606.html

SOURCE Hapbee Technologies Inc.

SAN JOSE, Calif., Dec. 1, 2020 /PRNewswire/ — Anixa Biosciences, Inc. (NASDAQ: ANIX), a biotechnology company focused on the treatment and prevention of cancer and infectious diseases, announced today that it has entered into a license agreement with Cleveland Clinic for exclusive, world-wide rights to an innovative ovarian cancer vaccine technology. 

Cleveland Clinic immunologist Dr. Vincent Tuohy has been working on a method to vaccinate women against ovarian cancer and other gynecological malignancies.  This development-stage vaccine targets the extracellular domain of anti-mullerian hormone receptor 2 (AMHR2-ED), that appears in many types of ovarian cancer.  AMHR2-ED is one of several proteins identified by Dr. Tuohy as “retired” proteins.  While these proteins are necessary during the early stages of life, they are “retired” as a person ages, and are no longer expressed, or made at appreciable levels, in healthy adults.  AMHR2-ED re-appears in cancerous cells and accordingly, it is an attractive target for vaccination.

Anixa and Cleveland Clinic are already collaborating on a preventative breast cancer vaccine also developed by Dr. Tuohy based on his research into “retired” proteins.  The organizations plan to begin human trials with the breast cancer vaccine in early 2021.

“Through this collaboration we are expanding into additional preventive and therapeutic areas and we look forward to seeing the development of this ovarian cancer vaccine,” said Dr. Tuohy. “Research into cancer therapies has typically focused on attacking the disease after a patient has been diagnosed, but if we could immunize people to prevent the cancer from ever forming, it could represent a paradigm shift for patients, their caregivers and the healthcare system.”

“We are pleased to broaden our relationship and to expand our work with Dr. Tuohy,” stated Amit Kumar, Ph.D., President and Chief Executive Officer of Anixa.  “Though it is still early days for the experimental ovarian cancer vaccine, pre-clinical research suggests the potential of this technology as both a prophylactic that prevents the occurrence of cancer, and a therapeutic that treats women with ovarian cancer.”

Dr. Kumar added, “Anixa’s goal is to present patients that have limited treatment options with meaningful new therapeutic and prophylactic alternatives.  We see this vaccine as a complementary component to our growing immuno-oncology portfolio, which includes a CAR-T therapy targeting ovarian cancer, for which we anticipate filing an IND shortly.”

Conference Call Information:
Anixa will host a conference call and live audio webcast Thursday, December 3, 2020, at 1:15 p.m. PST.  Interested parties may access the conference call by dialing:

• (877) 876-9176
• Conference ID: Anixa

An audio webcast will be accessible via the Investors section of the Anixa website:  https://ir.anixa.com/events.  An archive of the webcast will remain available for 30 days after the call.

About Anixa Biosciences, Inc.

Anixa is a publicly-traded biotechnology company developing a number of programs addressing cancer and infectious disease.  Anixa’s therapeutics portfolio includes a cancer immunotherapy program which uses a novel type of CAR-T, known as chimeric endocrine receptor T-cell (CER-T) technology, and a Covid-19 therapeutics program focused on inhibiting certain viral protein function.  The company’s vaccine portfolio includes a vaccine to prevent breast cancer, and specifically triple negative breast cancer (TNBC), the most deadly form of the disease, and a vaccine to prevent ovarian cancer.  These vaccine technologies focus on immunizing against specific proteins that have been found to be expressed in certain forms of cancer.  Anixa continually examines emerging technologies in complementary fields for further development and commercialization.  Additional information is available at www.anixa.com.

Forward-Looking Statements:
  Statements that are not historical fact may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are not statements of historical facts, but rather reflect Anixa’s current expectations concerning future events and results.  We generally use the words “believes,” “expects,” “intends,” “plans,” “anticipates,” “likely,” “will” and similar expressions to identify forward-looking statements.  Such forward-looking statements, including those concerning our expectations, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements.  These risks, uncertainties and factors include, but are not limited to, those factors set forth in “Item 1A – Risk Factors” and other sections of our most recent Annual Report on Form 10-K as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.  We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.  You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this press release. 

Investor contact:
Mike Catelani
[email protected] 
408-708-9808

Media contact:
Sherry Ash
[email protected]

View original content to download multimedia:http://www.prnewswire.com/news-releases/anixa-biosciences-announces-licensing-agreement-with-cleveland-clinic-for-ovarian-cancer-vaccine-technology-301182646.html

SOURCE Anixa Biosciences, Inc.

PHOENIX, Dec. 1, 2020 /PRNewswire/ — Honeywell (NYSE: HON) has unveiled a new catalyst designed for aircraft cabin air systems that can help reduce delays, cancellations and unscheduled maintenance due to in-cabin odors from certain volatile organic compounds in “bleed air” — also known as undesirable “smell-in-cabin” events. In clinical tests, Honeywell’s fourth-generation Combined Hydrocarbon Ozone Catalyst, CHOC4, has proved capable of removing two to three times more VOCs that cause undesired odors compared with other solutions. Honeywell’s solution has also been shown to be more effective in the removal of ozone at lower temperatures.

Air supplied to a cabin for air conditioning and pressurization, also known as bleed air, comes directly from the engines and auxiliary power unit. Sometimes it contains volatile organic compounds (VOCs), fumes or particles from sources like jet fuel, hydraulic oils or de-icing fluid. When VOCs enter the cabin through the bleed air, they can cause unwanted odors in the cabin, resulting in delays.

“Severe smell-in-cabin incidents can cost airlines up to $50 million per year in flight disruptions and unscheduled maintenance,” said Tom Hart, vice president and general manager, Air & Thermal Systems, Honeywell Aerospace. “CHOC4 reduces VOCs from the engines and bleed air supply, thereby reducing the severity and frequency of these incidents.”

Honeywell’s new proprietary catalyst CHOC4 is applied to an aircraft’s ozone converter to catalyze or absorb compounds that cause undesirable odors. It can be applied during normal maintenance as an upgrade to the existing converter unit at a fraction of the cost of a new unit. It is available now for Airbus A320 aircraft, with plans to expand to additional platforms in early 2021.

Thousands of passenger, cargo and military aircraft worldwide are currently flying with Honeywell environmental, air and thermal systems on board. Now, Honeywell is using its decades of experience developing cabin air-management systems to help improve in-flight comfort. 

To learn more about CHOC4, please visit aerospace.honeywell.com.

About Honeywell
Honeywell Aerospace products and services are found on virtually every commercial, defense and space aircraft. The Aerospace business unit builds aircraft engines, cockpit and cabin electronics, wireless connectivity systems, mechanical components and more. Its hardware and software solutions create more fuel-efficient aircraft, more direct and on-time flights and safer skies and airports. For more information, visit www.honeywell.com or follow us at @Honeywell_Aero.

Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

Contacts:

Media

Amanda Jensen

+1 (602) 245-9033
[email protected] 

View original content to download multimedia:http://www.prnewswire.com/news-releases/honeywell-introduces-next-generation-catalyst-to-address-smell-in-cabin-events-301182631.html

SOURCE Honeywell

Wholesale Strategy Commences With Western Canada Channel Build Out

VANCOUVER, BC, Dec. 1, 2020 /PRNewswire/ – RYU Apparel Inc. (TSXV: RYU) (OTCQB: RYPPF) (FWB: RYAA) (“RYU” or the “Company“), a creator of award-winning urban athletic apparel, is pleased to welcome Chris White as Sales Manager for the Western Canada region.

Chris White is a 20-year sales veteran of the action culture and lifestyle apparel industries, with a core focus on top tier global apparel brands. Throughout his professional, consumer-focused career, Mr. White has worked with companies including Fox Racing, Converse, DC Shoes, Dickies, Burton Snowboards, Skull Candy, and Vissla.

Through his agency, Heavy Weight Sales, Mr. White will operate as an independent sales agent, introducing and scaling RYU’s best-in-class apparel to sport stores, skateboard and lifestyle shops in the markets of Manitoba, Saskatchewan, Alberta and British Columbia. 

Mr. White will commence sales operations immediately.

Said Chris White, “I truly embrace the opportunity to contribute to the success of a Canadian brand with such a positive message, supported by exceptional product. Joining the team at RYU is a natural complement to my lifestyle and I am excited for what the future holds.”

“I welcome Chris to our team,” said RYU CEO Cesare Fazari. “His connection and commitment to action sports culture and premium quality apparel is a tremendous fit with RYU. We’re excited to officially move forward with our wholesale roll out in the great provinces of Western Canada.” 

About RYU Apparel

RYU Apparel (TSXV: RYU, PINK: RYPPF, FWB: RYAA), or Respect Your Universe, is an award winning urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of the athletic man and woman. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate optimal human performance. For more information, please visit the RYU website at: http://ryu.com 

Forward Looking Statements Disclaimer

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU, such as statements the renewal of the RYU brand, sales in Western Canada, store growth or revenue increases through Mr. Whites addition to the team
.
There are numerous risks and uncertainties that could cause actual results and RYU’s plans and objectives to differ materially from those expressed in the forward-looking information, including:
(i
) adverse market conditions, including conditions arising as a result of the COVID-19 pandemic or otherwise; (ii) an inability to renew the RYU brand, implement strategic objectives and regain profitability; (iii) failing to meet target revenue projections as anticipated; (iv) failing to enter into the anticipated consulting arrangement and (v) the inability to complete the planned re-opening of the its store or the piloting of the “RYU Studio” concept. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward-looking statements. 

View original content to download multimedia:http://www.prnewswire.com/news-releases/ryu-apparel-inc-announces-apparel-industry-veteran-chris-white-as-western-canada-sales-manager-301182576.html

SOURCE RYU Apparel Inc.

ROLLING MEADOWS, Ill., Dec. 1, 2020 /PRNewswire/ — Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Seattle-based North Star Insurance Services, LLC and Fairhaven, Mass.-based North Star Marine Insurance Services, LLC. Terms of the transaction were not disclosed.

Founded in 2001, North Star Insurance Services is a full-service marine insurance broker serving clients throughout the U.S. Their expertise spans nearly all facets of the marine industry, including hull, machinery, marine liabilities and cargo for commercial fishing, tugs and barges, shipyards and ocean-going cargo vessels. In 2014, North Star Marine Insurance Services was established in Fairhaven to address growing customer demand in that region. John Walsh, Ian Blackburn and their associates will continue operating from their current locations under the direction of Jim Buckley, head of Gallagher’s Northwest region retail property/casualty brokerage operations.

“North Star brings us a widely recognized and well-respected team of marine professionals with strong carrier relationships and a client roster that complements our existing marine business,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “I am delighted to welcome John, Ian and their associates to Gallagher’s growing global team.”

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 49 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

View original content to download multimedia:http://www.prnewswire.com/news-releases/arthur-j-gallagher–co-acquires-north-star-insurance-services-llc-and-north-star-marine-insurance-services-llc-301182625.html

SOURCE Arthur J. Gallagher & Co.

LOS ANGELES, Dec. 1, 2020 /PRNewswire/ — The DoubleLine Opportunistic Credit Fund (the “Fund”), which is traded on the New York Stock Exchange under the symbol DBL, this week declared a distribution of $0.110 per share for the month of December 2020. The distribution is subject to the following ex-dividend, record and payment dates set by the Fund’s Board of Trustees.

Separately, the Fund declared a special year-end distribution of $0.387 per share.

This news release is not for tax reporting purposes. The release has been issued to announce the amount and timing of the distributions declared by the Board of Trustees. There is a possibility that distributions may include ordinary income, long-term capital gains or return of capital. The amount of distributable income and the tax characteristics of the distributions are determined at the end of the taxable year. In early 2021, the Fund will send shareholders a Form 1099-DIV specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return.

About DoubleLine
Opportunistic Credit Fund

The DoubleLine Opportunistic Credit Fund (the “Fund”) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek high total investment return by providing a high level of current income and the potential for capital appreciation. There is no guarantee that the Fund will achieve its investment objective. Investing in the Fund involves the risk of principal loss.

About DoubleLine Capital LP

DoubleLine Capital is an investment adviser registered under the Investment Advisers Act of 1940. DoubleLine’s offices can be reached by telephone at (213) 633-8200 or by e-mail at [email protected]. Media can reach DoubleLine by e-mail at [email protected]. DoubleLine® is a registered trademark of DoubleLine Capital LP.

To read about the DoubleLine Opportunistic Credit Fund, please access the Annual Report at www.doublelinefunds.com or call 877-DLINE11 (877-354-6311) to receive a copy. Investors should consider the Fund’s investment objective, risks, charges and expenses carefully before investing. An investment in the Fund should not constitute a complete investment program.

This document is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale or offer of these securities, in any jurisdiction where such sale or offer is not permitted.

Fund investing involves risk. Principal loss is possible.

Shares of closed-end investment companies frequently trade at a discount to their net asset value, which may increase investors’ risk of loss. This risk may be greater for investors expecting to sell their shares in a relatively short period after the completion of the public offering. There are risks associated with investment in the fund.

Investments in debt securities typically decline in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.
Past performance is no guarantee of future results. The fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets. Investments in lower rated and non-rated securities present a great risk of loss to principal and interest than higher rated securities. Investment strategies may not achieve the desired results due to implementation lag, other timing factors, portfolio management decisions-making, economic or market conditions or other unanticipated factors. In addition, the Fund may invest in other asset classes and investments such as, among others, REITs, credit default swaps, short sales, derivatives and smaller companies which include additional risks.
The DoubleLine Opportunistic Credit Fund (the “Fund”) is a diversified, closed-end management investment company.

This material may include statements that constitute “forward-looking statements” under the U.S. securities laws. Forward-looking statements include, among other things, projections, estimates, and information about possible or future results related to the Fund, market or regulatory developments. The views expressed herein are not guarantees of future performance or economic results and involve certain risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially from the views expressed herein. The views expressed herein are subject to change at any time based upon economic, market, or other conditions and DoubleLine undertakes no obligation to update the views expressed herein. While we have gathered this information from sources believed to be reliable, DoubleLine cannot guarantee the accuracy of the information provided. Any discussions of specific securities should not be considered a recommendation to buy or sell those securities. The views expressed herein (including any forward-looking statement) may not be relied upon as investment advice or as an indication of the Fund’s trading intent. Information included herein is not an indication of the Fund’s future portfolio composition.

Distributions include all distribution payments regardless of source and may include net income, capital gains, and/or return of capital (ROC). ROC should not be confused with yield or income. A Fund’s Section 19a-1 Notice, if applicable, contains additional distribution composition information and may be obtained by visiting www.doublelinefunds.com. Final determination of a distribution’s tax character will be made on Form 1099 DIV and sent to shareholders. On a tax basis, as of April 30, 2020, the most recent available figure, the estimated component of the cumulative distribution for the fiscal year to date would include an estimated return of capital of $0.000 (0%) per share. This amount is an estimate and the actual amounts and sources for tax reporting purposes may change upon final determination of tax characteristics and may be subject to changes based on tax regulations.

Any tax or legal information provided is merely a summary of our understanding and interpretation of some of the current income tax regulations and is not exhaustive. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give legal or tax advice.

Quasar Distributors, LLC provides filing administration for DoubleLine Capital LP.

©2020 DoubleLine Capital LP.

View original content to download multimedia:http://www.prnewswire.com/news-releases/doubleline-opportunistic-credit-fund-declares-december-2020-distribution-and-special-dividend-301182627.html

SOURCE DoubleLine