LOGiQ Asset Management Ltd.

LOGiQ Asset Management Ltd.

July 04, 2017 20:46 ET

Update Regarding Merger of Voya High Income Floating Rate Fund and Voya Floating Rate Senior Loan Fund and Corresponding ISL Loan Trust Wind Up

TORONTO, ONTARIO--(Marketwired - July 4, 2017) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

As previously announced, LOGiQ Asset Management Ltd., intends to complete the merger (the "Merger") of Voya High Income Floating Rate Fund and Voya Floating Rate Senior Loan Fund, resulting in Voya Floating Rate Senior Loan Fund being the continuing fund (the "Continuing Fund"). The Continuing Fund currently gains exposure to a portfolio held by ISL Loan Trust. As part of the Merger, the Manager also announced its intention to terminate (the "Termination") ISL Loan Trust so that the portfolio will be held directly by the Continuing Fund. The Manager is the manager of Voya High Income Floating Rate Fund, Voya Floating Rate Senior Loan Fund and ISL Loan Trust.

It is now expected that the Termination will be implemented on or about July 18, 2017 and the Merger will be implemented on or about July 21, 2017.

The Class A Units of Voya High Income Floating Rate Fund are listed on the TSX under the symbol IHL.UN. The Class A Units of Voya Floating Rate Senior Loan Fund are listed on the TSX under the symbol ISL.UN. The Class U Units of Voya Floating Rate Senior Loan Fund are listed on the TSX under the symbol ISL.U

For further information, please contact your financial advisor, or visit our website at www.logiqasset.com.

The Manager is a wholly-owned subsidiary of LOGiQ Asset Management Inc. (TSX:LGQ). LOGiQ Asset Management Inc. is a diversified asset management company with a suite of retail mutual funds, closed end funds, hedge funds and segregated institutional funds. LOGiQ Asset Management is headquartered in Toronto.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will", "estimate" and similar expressions to the extent they relate to the funds and the Manager. The forward-looking statements are not historical facts but reflect the current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the funds and the Manager believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Neither the funds nor the Manager undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

Contact Information

  • LOGiQ's Sales and Marketing support line
    416-583-2300 (toll-free at 1-800-513-3868)
    www.logiqasset.com