Marble Point Loan Financing - Solid cash flow
Marble Point Loan Financing (MPLF) is a closed-end fund that invests in leveraged loans via collateralised loan obligations (CLOs) and loan accumulation facilities (LAFs) managed by Marble Point Credit Management (Marble Point). The experienced credit investment team employs a conservative, disciplined approach. MPLF’s mark-to-market pricing approach directly reflects market volatility and this was notable during the November-December 2018 selloff, when MPLF underperformed its peers. However, its underlying portfolio has been largely unaffected and cash flow generation remains strong. MPLF’s H119 interims showed a 13.5% annualised net investment income backing its 10.1% dividend yield.Marble Point Loan Financing Limited is a Guernsey-based closed-ended investment company. The Company's investment objective is to generate stable current income and grow net asset value by earning a return on equity in excess of the amount distributed as dividends. It has invested in a diversified portfolio of United States dollar denominated; broadly syndicated floating rate senior secured corporate loans owned via collateralized loan obligations. Marble Point Credit Management LLC is the Company's investment manager that provides investment advisory and management services.
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