ING Diversified Floating Rate Senior Loan Fund Announces Closing of Over-Allotment Option

ING Diversified Floating Rate Senior Loan Fund Announces Closing of 
Over-Allotment Option 
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN 
THE UNITED STATES./ 
TORONTO, April 17, 2013 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. (the 
"Manager") is pleased to announce that the syndicate of agents for the initial 
public offering of ING Diversified Floating Rate Senior Loan Fund (the "Fund") 
has exercised a portion of its over-allotment option. As a result of the 
exercise of the over-allotment option, the Fund raised additional gross 
proceeds of $7,039,240 from the sale of 703,924 Class A Units. Inclusive of 
the over-allotment option, the Fund raised gross proceeds of $167,039,240 from 
the sale of 16,703,924 Class A units and U.S.$17,714,670 from the sale of 
1,771,467 Class U 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 does 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. 
$14.0 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 were 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. 
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 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/April2013/17/c6026.html 
CO: ING Diversified Floating Rate Senior Loan Fund
ST: Ontario
NI: FIN NEWSTK  
-0- Apr/17/2013 13:10 GMT
 
 
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