DoubleLine Opportunistic Credit Fund Declares August 2022 Distribution

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TAMPA, Florida., August 1, 2022 /PRNewswire/ — The DoubleLine Opportunistic Credit Fund (the “Fund”), which trades on the New York Stock Exchange under the symbol DBL, declared this week a distribution of $0.11 per share for the month of August 2022. The distribution is subject to the following ex-dividend, record and payment dates set by the board of directors of the Fund.

August 2022

Statement

Monday, August 1, 2022

Ex-dividend

Wednesday, August 10, 2022

Registration

Thursday, August 11, 2022

Payment

Wednesday, August 31, 2022

This press release is not intended for tax reporting purposes. The press release was issued to announce the amount and timing of the distributions declared by the Board of Directors. Distributions may include ordinary income, long-term capital gains or return of capital. The amount of distributable profits and the tax characteristics of the distributions are determined at the end of the tax year. In early 2023, the Fund will send shareholders a Form 1099-DIV setting out how distributions made by the Fund in the previous calendar year should be characterized for purposes of reporting distributions on a shareholder’s tax return.

About DoubleLine Opportunistic credit fund

The DoubleLine Opportunistic Credit Fund (the “Fund”) is a diversified closed-end investment company. The Fund’s investment objective is to achieve a high total investment return by providing a high level of current income and the potential for capital appreciation. There can be no assurance that the Fund will achieve its investment objective. Investing in the Fund involves the risk of loss of capital.

About DoubleLine Capital LP

DoubleLine Capital is a registered investment adviser under the Investment Advisers Act of 1940. DoubleLine’s offices can be reached by telephone at (213) 633-8200 or by email at [email protected] Media may contact DoubleLine by email at [email protected] DoubleLine® is a registered trademark of DoubleLine Capital LP.

To learn more about the DoubleLine Opportunistic Credit Fund, please access the annual report at www.doublelinefunds.com or call 877-DLINE11 (877-354-6311) to receive a copy. Investors should carefully consider the Fund’s investment objective, risks, charges and expenses before investing. An investment in the Fund should not constitute a complete investment program.

This document is not an offer to sell securities or the solicitation of an offer to buy securities, and there will be no sale or offer of such securities, in any jurisdiction where such sale or offer is not is not allowed.

Investing in a fund involves risk. Main loss is possible.

Shares of closed-end investment companies often trade at a price below their net asset value, which can increase investors’ risk of loss. This risk may be greater for investors who expect to sell their shares within a relatively short time after completion of the public offering. There are risks associated with investing in the fund.

Investments in debt securities generally lose value when interest rates rise. This risk is generally higher for longer-term debt securities. Investments in asset- and mortgage-backed securities involve additional risks of which investors should be aware, including credit risk, prepayment risk, potential illiquidity and default, and sensitivity. increased to adverse economic developments. Past performance is not indicative of future results. The fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets. Investments in lower rated and unrated securities present a greater risk of loss of capital and interest than higher rated securities. Investment strategies may not achieve the desired results due to delay in implementation, other timing factors, portfolio management decision making, economic or market conditions, or other unforeseen factors. In addition, the Fund may invest in other asset classes and investments such as, but not limited to, REITs, credit default swaps, short sales, derivatives and smaller companies which carry additional risks. . The DoubleLine Opportunistic Credit Fund (the “Fund”) is a diversified closed-end investment company.

This document may include statements that constitute “forward-looking statements” under United States securities laws. Forward-looking statements include, among other things, projections, estimates and information about possible or future results relating to the Fund, market or regulatory changes. The opinions expressed here are not guarantees of future performance or economic results and involve certain risks, uncertainties and assumptions that could cause actual results to differ materially from the opinions expressed here. The opinions expressed herein are subject to change at any time due to economic, market or other conditions and DoubleLine undertakes no obligation to update the opinions expressed herein. Although we have collected this information from sources believed to be reliable, DoubleLine cannot guarantee the accuracy of the information provided. Any discussion of specific securities should not be considered a recommendation to buy or sell those securities. The views expressed herein (including any forward-looking statements) should not be considered investment advice or an indication of the Fund’s trading intent. The information contained in this document does not constitute an indication of the future composition of the Fund’s portfolio.

Distributions include all distribution payments, regardless of source, and may include net income, capital gains and/or return of capital (ROC). ROC should not be confused with yield or revenue. A Fund’s Section 19a-1 Notice, if any, contains additional information about the composition of the distribution and can be obtained by visiting www.doublelinefunds.com. The final determination of the taxability of a distribution will be made on Form 1099 DIV and sent to shareholders. On a tax basis, from July 29, 2022the estimated component of the year-to-date cumulative distribution would include an estimated return of capital of $0.064 (6%) per share. This amount is an estimate and actual amounts and sources for tax reporting purposes may change upon final determination of tax characteristics and may be subject to change based on tax regulations.

Any tax or legal information provided is only a summary of our understanding and interpretation of some of the applicable tax regulations and is not exhaustive. Investors should consult their tax or legal advisor for advice and information relating to their particular circumstances. Neither the Fund nor any of its representatives can give legal or tax advice.

Foreside Funds Services, LLC provides marketing review services for DoubleLine Capital LP.

©2022 DoubleLine Capital LP.

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