|
|
Article: OppenheimerFunds Introduces Oppenheimer Senior Floating Rate Fund, Expanding Fixed Income Product Portfolio.
- Article from:
- Business Wire
- Article date:
- September 8, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK--(BUSINESS WIRE)--Sept. 8, 1999--
OppenheimerFunds, Inc. (OFI) today announced the launch of the Oppenheimer Senior Floating Rate Fund, a fund that is designed to seek monthly income while attempting to provide a degree of protection against share price fluctuations from changes in interest rates.
The fund's objective is to seek as high a level of current income and preservation of capital as is consistent with investing primarily in senior floating rate loans and other debt securities. The Fund intends to invest at least 80% of its total assets in secured senior floating rate loans. These loans are made by commercial banks and other financial ...