Fitch Posts Webcast Slides on 2014 Outlook for U.S. Closed-End Fund Leverage

NEW YORK--()--Fitch Ratings presented a webcast titled '2014 Outlook: U.S. Closed-

End Fund Leverage' hosted by Capital Link Webinars on Jan. 8, 2014. Presentation materials and access to webcast replay can be accessed via the links provided at the end of this press release.

The webcast gathered participants from the advisor, investor and fund manager communities of the closed-end fund (CEF) industry.

Fitch discussed the following topics:

--Fitch Ratings' outlook on the $27.3 billion of notes and preferred issued by U.S. closed-end funds (CEFs) and rated by the agency;

--Fund leverage ratios going into 2014;

--Types of leverage utilized by CEFs today;

--Upcoming debt maturity schedule;

--Bank lenders lead table.

Presenters:

--Ian Rasmussen, Senior Director, Fund and Asset Management at Fitch Ratings.

--Yuriy Layvand, Director, Fund and Asset Management at Fitch Ratings.

The audio can be replayed at the following link:

http://webinars.capitallink.com/2014/fitch/

Fitch rates $27.3 billion of debt and preferred stock issued by U.S. leveraged CEFs. The agency publishes periodic research and commentary on the sector and market developments. To opt-in to our complimentary monthly mailing list, register at the following link:

http://pages.fitchemail.fitchratings.com/FAMCEFBlankOptin/

Additional information is available at 'www.fitchratings.com'

Applicable Criteria and Related Research: 2014 Outlook: U.S. Closed-End Fund Leverage

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=730159

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Contacts

Fitch Ratings
Yuriy Layvand, CFA
Director
+1-212-908-9191
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
or
Ian Rasmussen
Senior Director
+1-212-908-0232
or
Media Relations:
Brian Bertsch, +1-212-908-0549 (New York)
brian.bertsch@fitchratings.com

Sharing

Contacts

Fitch Ratings
Yuriy Layvand, CFA
Director
+1-212-908-9191
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
or
Ian Rasmussen
Senior Director
+1-212-908-0232
or
Media Relations:
Brian Bertsch, +1-212-908-0549 (New York)
brian.bertsch@fitchratings.com