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Symphony Floating Rate Senior Loan Fund Announces Distribution and Provides Senior Loan Update

TORONTO, ONTARIO -- (Marketwired) -- 08/20/14 -- (TSX: SSF.UN) Symphony Floating Rate Senior Loan Fund (the "Fund") announces monthly distributions in the amount of $0.05 per class A unit and USD $0.05 per class U unit for record dates in August and September 2014 as follows:

Record Date                            Payment Date
August 29, 2014                        September 15, 2014
September 30, 2014                     October 15, 2014

This monthly distribution rate is a reduction from $0.05833 per unit per month previously.

The Fund believes that the new distribution level is more appropriate given the current market environment for senior loans and high yield bonds and the Fund's portfolio. Increased demand for leveraged credit products has caused credit spreads on senior loans to compress, which, among other market factors, has resulted in reduced yields on senior loans. Symphony Asset Management ("Symphony"), the Fund's sub-advisor, has been managing the risk/return profile of the Fund's portfolio based on ongoing market conditions. Despite lower yields across the yield spectrum, the Fund believes that senior loans continue to be an attractive asset class that offer both: (i) capital preservation by being at the top of a company's capital structure; and (ii) growth in income when short-term interest rates rise (subject to applicable portfolio senior loan LIBOR floors and credit spreads). Senior loan closed-end funds sub-advised by Symphony have achieved top Lipper performance rankings in the Loan Participation Fund category over 3, 5 and 10 years (as at June 30, 2014).

Since inception on November 1, 2011, the Fund's class A units have had an annualized compound return of 10.2% to July 31, 2014, which includes total cash distributions of $2.02 per unit.

Investors and investment advisors are invited to listen to an update on the US senior loan market, hosted by Larry Holzenthaler of Symphony Asset Management. The recording of the update call is available on Brompton's website at www.bromptongroup.com/symphony.

The Fund does not have a fixed distribution, but intends to set periodic distribution targets based on, among other things, the actual and expected returns on the portfolio and the Fund's estimated expenses. The amount of distributions may fluctuate from month to month and there can be no assurance that the Fund will make any distribution in any particular month.

About Symphony

Symphony Asset Management LLC, a wholly owned subsidiary of Nuveen Investments, Inc., the Fund's sub-advisor, manages over US$13 billion focused on senior loans, with over US$17 billion in assets under management as at June 30, 2014. Senior loan closed-end funds sub-advised by Symphony have achieved top three-, five- and ten-year performance rankings in the Loan Participation Fund category by Lipper as at June 30, 2014.

About Brompton Funds

Brompton Funds, a division of Brompton Group, is an experienced investment fund manager operating since 2002. Brompton is focused on meeting the needs of investors by offering low cost, innovative products with client friendly terms and supported by strong corporate governance. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-6000 / toll-free at 1-866-642-6001/ email [email protected] or visit our website at www.bromptongroup.com.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Fund's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this news release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.

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