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Doubleline Opportunistic Credit Fund V.DBL


Primary Symbol: DBL

Doubleline Opportunistic Credit Fund operates as a closed-end management investment company. The Fund will seek to achieve its investment objective by investing in a portfolio of investments selected for their potential to provide high current income, growth of capital, or both. The Fund may invest in debt securities and income-producing investments of any kind, including, without limitation, residential and commercial mortgage-backed securities, asset-backed securities, U.S. Government securities, corporate debt, international sovereign debt, and short-term investments. Under normal circumstances, the Fund will invest at least 80% of its total assets in debt securities, convertible securities, loans and other securities or instruments that provide investment exposure to the credit of an issuer, obligor or counterparty, including through credit default swaps and other derivatives.


NYSE:DBL - Post by User

Comment by wwadehammeron Dec 19, 2017 7:49pm
152 Views
Post# 27191810

RE:RE:RE:Pine Point acquired by Osisko Metals

RE:RE:RE:Pine Point acquired by Osisko MetalsCash as of Sept 30:

Osisko Mining        $85 million

Osisko Royalties    $100 million

Osisko Metals        $ 34 millon

Long Term Debt as of Sept 30:

Osisko Royalties       $200 million

The cash for all 3 barely covers the long term debt.  They'll need to borrow money to finance a plant for Pine Point.  Osisko needs to move quickly because zinc prices won't remain high forever.  History shows big swings every 2 to 3 years.  Osisko must believe in Pine Point to take this risk.
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