Symphony Floating Rate Senior Loan Fund Announces Results of Special Meeting

Executive Summary

• Unitholders approved a merger of the Symphony Floating Rate Senior Loan Fund into Brompton Wellington Square Investment Grade CLO ETF, with 98.9% voting in favour.
• The merger is slated for around January 13 2026 (subject to regulatory approval) and will result in class A and class U units being exchanged for CAD‑denominated and USD‑denominated ETF units at NAV.
• An accelerated annual redemption option is offered on December 30 2025, with proceeds payable by January 9 2026.

Key Details

• Merger Structure:
• Class A Fund units → CAD Units of the ETF (based on NAV).
• Class U Fund units → USD Units of the ETF (based on NAV).
• Timeline:
• Merger effective date: on or about January 13 2026.
• Accelerated redemption date for Fund unitholders: December 30 2025.
• Redemption proceeds payable by January 9 2026.
• Redemption Procedure:
• Unitholders must submit tender by 5:00 p.m. Toronto time on December 1 2025 to participate in the accelerated redemption.
• ETF Investment Objective:
• Provide high monthly income and capital preservation via a portfolio of investment‑grade CLOs (BBB‑ or higher).
• CAD Units will hedge foreign‑currency exposure back to CAD; USD Units will retain currency exposure.
• Anticipated Benefits of Merger (per Manager):
  1. Higher credit quality of holdings.
  2. Lower management expense ratio.
  3. Elimination of borrowing.
  4. Continued focus on high distributions.
  5. Reduced bid/ask spread.
  6. Increased trading liquidity.
  7. Trading price closer to NAV.
• Regulatory Requirement: Merger subject to regulatory approval; details disclosed in the Fund’s Management Information Circular dated October 15 2025 (available at www.bromptongroup.com and www.sedarplus.ca).

Notable Quotes

(No direct quotes were provided in the release.)