MPLF’s investment objective is to generate stable current income and to grow net asset value by earning a return on equity in excess of the amount distributed as dividends, through exposure to a diversified portfolio of US dollar denominated, broadly syndicated, floating rate senior secured corporate loans. MPLF has no official benchmark but performance is compared with US leveraged loan and high-yield bond indices.
In this webcast, Marble Point founder and CEO Tom Shandell discusses MPLF’s long-term objectives and its investment process, highlighting its differentiating features relative to other CLO investment vehicles. He also explains how MPLF’s monthly NAV calculation differs from that of other CLO vehicles. He then gives his perspective on recent media commentary relating to leveraged loan and CLO markets and comments on how these markets have progressed since Q418.
Marble Point Loan Financing (MPLF) is a leveraged loan and collateralised loan obligation (CLO) specialist closed-end fund that launched in August 2016, with its shares traded on the Specialist Fund Segment of the London Stock Exchange since February 2018. The experienced investment team employs a conservative, disciplined, long-term approach aiming to achieve a low- to mid-teens percentage return on equity, including a stable high level of income to support a consistent quarterly dividend distribution.