ING Diversified Floating Rate Senior Loan Fund Closes Initial Public Offering

ING Diversified Floating Rate Senior Loan Fund Closes Initial Public Offering 
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN 
THE UNITED STATES./ 
TORONTO, March 22, 2013 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. (the 
"Manager") is pleased to announce the closing of the initial public offering 
of ING Diversified Floating Rate Senior Loan Fund (the "Fund"). The Fund 
raised gross proceeds of $160 million from the sale of 16 million Class A 
Units and U.S. $17,714,670 from the sale of 1,771,467 Class U Units. The 
Fund has granted to the agents an over-allotment option, exercisable for a 
period of 30 days from the closing date, to offer an additional 971,024 Class 
A Units. The Class A Units are listed on the Toronto Stock Exchange ("TSX") 
under the symbol IFL.UN. 
The Fund's investment objectives are to (i) provide tax-advantaged monthly 
cash distributions consisting primarily of returns of capital; (ii) preserve 
capital; and (iii) generate increased returns in the event that short-term 
interest rates rise, in each case, through exposure to a diversified portfolio 
consisting primarily of senior, secured floating rate corporate loans ("Senior 
Loans") and other senior debt obligations of non-investment grade North 
American borrowers, actively managed by ING Investment Management Co. LLC (the 
"Sub-Advisor"). The Portfolio will consist primarily of senior, secured 
floating rate corporate loans that are expected to generate increased returns 
in the event that short-term interest rates rise. 
The Fund will not have a fixed distribution policy, but intends to make 
monthly distributions based on the actual and expected returns on the 
Portfolio. Given that the majority of the Portfolio will be invested in Senior 
Loans which are floating rate, returns may vary with changes in interest 
rates. The Fund's initial distribution target is expected to be $0.05 per Unit 
per month (U.S. $0.05 in the case of the Class U Units), representing an 
initial yield on the Unit issue price of 6.0% per annum. 
The Sub-Advisor is currently an indirect, wholly-owned subsidiary of ING Group 
N.V., one of the world's largest financial services companies. As of September 
30, 2012, the Sub-Advisor employed over 200 investment professionals and had 
over $179 billion in total assets under management across all portfolios and 
strategies. The ING Senior Loan Group, a unit of the Sub-Advisor, which will 
manage the Portfolio, is located in Scottsdale, Arizona (with an additional 
office in London, UK), and consists of a team of 25 investment professionals 
and 21 support staff. The ING Senior Loan Group currently manages over U.S. 
$12.0 billion in assets that are substantially similar to the Senior Loan 
investments that it will manage for the Portfolio. Connor, Clark & Lunn 
Capital Markets Inc. will act as Manager of the Fund. The Manager is a leading 
provider of investment products, having raised approximately $2.3 billion in 
assets. 
The Units are being offered for sale by a syndicate of agents led by BMO 
Capital Markets and including CIBC, RBC Capital Markets, TD Securities Inc., 
GMP Securities L.P., National Bank Financial Inc., Scotiabank, Canaccord 
Genuity Corp., Macquarie Private Wealth Inc., Raymond James Ltd., Desjardins 
Securities Inc., Mackie Research Capital Corporation and Manulife Securities 
Inc. 
This offering is only made by prospectus. The prospectus contains important 
detailed information about the securities being offered. Copies of the 
prospectus may be obtained from any of the above-mentioned agents. Investors 
should read the prospectus before making an investment decision. 
please visitwww.cclcapitalmarkets.com or contact: 
Darren Cabral Vice President & CFO Connor, Clark & Lunn Capital Markets Inc. 
(416) 214-6182 or 1 (888) 276-2258 cclcapitalmarkets@cclgroup.com 
SOURCE: ING Diversified Floating Rate Senior Loan Fund 
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CO: ING Diversified Floating Rate Senior Loan Fund
ST: Ontario
NI: FIN NEWSTK  
-0- Mar/22/2013 12:30 GMT