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THL Credit Senior Loan appoints THL Credit Advisors as sole investment adviser

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THL Credit Senior Loan appoints THL Credit Advisors as sole investment adviser

THL Credit Senior Loan Fund's board of trustees approved THL Credit Advisors LLC to become its sole investment adviser, effective June 22.

The fund's board also approved a new, non-interim advisory agreement with THL Credit Advisors, which is subject to the approval of the its shareholders. THL Credit Advisors serves as the fund's subadviser.

The fund's current advisory agreement with Four Wood Capital Advisors LLC is set to end June 21, along with its investor support services agreement with Four Wood Capital Partners LLC.

Under the agreements with THL Credit Advisors, the fund will pay an annual rate of 0.80% of the value of its average daily managed assets. THL Credit Advisors will provide investor support services and agreed to bear up to $500,000 of expenses related to the transfer of the advisory relationship from Four Wood Capital.

In connection with the appointment of a new adviser, the fund's board named Brian Good an interested trustee. Good is a senior managing director of THL Credit Advisors and co-head of the firm's tradable credit platform. Four Wood Capital Managing Partner and CEO Steven Baffico, who is currently the interested trustee, will remain on the fund's board.