Investors should consider the Fund’s investment objective, risks, charges and expenses carefully before investing. The final prospectus contains this and other information about the Fund. The final prospectus should be read carefully before investing. Copies of the final prospectus may be obtained by contacting your financial advisor, or by calling 1.855.400.3927.

Risks: For information regarding the risks associated with an investment in the Fund, including, No operating history, Investment and market risk, Market discount risk, Leverage risk, Fixed-Income Instruments risk, Senior Loans risk, Credit risk, Subordinated and Unsecured or Partially Secured Loans risk, Mezzanine securities risk, High yield instruments risk, Special Situations risk, Short selling risk, Prepayment risk, Credit Derivatives risk, Derivatives risk, Income risk, Regulatory risk, Risks related to the Fund’s clearing broker and central clearing counterparty, Structured Products risk, Repurchase Agreements risk, Reverse Repurchase Agreements and Dollar Rolls risk, Swap risk, Options and Futures risk, Exchange-Traded Funds risk, Counterparty risk, Counterparty and Prime Brokerage risk, Lender Liability risk, Distressed Debt, Litigation, Bankruptcy and Other Proceedings, Convertible Securities risk, When-Issued Securities and Forward Commitments, Risk of Investments in Equity Securities or Warrants Incidental to Investments in Loans and Fixed-Income Instruments, U.S. Government Debt Securities risk, Non-U.S. Securities risk, Foreign Currency risk, Eurozone risk, Legal and Regulatory risk, Event Driven Investing, Valuation risk, Liquidity risk, Inflation/Deflation risk, Conflicts of Interest risk, Tax risk, Uncertain Tax Treatment, Complex Transactions/ Contingent Liabilities/Guarantees and Indemnities, Dependence on Key Personnel risk, Material Risks of Significant Methods of Analysis, Non-Diversification Risk, Market Developments, Market Disruptions from Natural Disasters or Geopolitical risks, Government Intervention in the Financial Markets, Portfolio Turnover risk, Anti-Takeover Provisions, Risks Relating to Fund’s RIC Status, RIC-Related Risks of Investments Generating Non-Cash Taxable Income, please see “Investment objective, policies and risks” in the Fund’s final prospectus.

Past performance is no guarantee of future results. Both the market price for Fund shares and their NAV will fluctuate with market conditions. Current performance may be higher or lower than the performance shown.

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