Redwood Floating Rate Income Fund (TSE:ISL.UN) declared a monthly dividend on Tuesday, February 27th, TickerTech reports. Investors of record on Wednesday, March 14th will be paid a dividend of 0.0417 per share on Wednesday, March 14th. This represents a $0.50 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date is Tuesday, February 27th.
Shares of Redwood Floating Rate Income Fund (ISL.UN) traded up C$0.01 on Monday, reaching C$8.91. 3,849 shares of the company were exchanged, compared to its average volume of 13,880. Redwood Floating Rate Income Fund has a twelve month low of C$8.59 and a twelve month high of C$9.89.
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Redwood Floating Rate Income Fund, formerly Voya Floating Rate Senior Loan Fund is a Canada-based non-redeemable investment fund. The Fund’s investment objectives are to provide tax-advantaged distributions consisting primarily of returns of capital; preserve capital, and generate increased returns in the event that short-term interest rates rise.
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