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Ivy High Income Opportunities Fund signs lending agreement with Pershing

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Ivy High Income Opportunities Fund has entered into a lending agreement with Pershing, a wholly owned subsidiary of The Bank of New York Mellon Corporation.

The agreement is substantially similar to the fund's previous margin financing agreement with Bank of America Merrill Lynch (BAML), except that under certain limited circumstances, Pershing may increase the interest rate and decrease the available margin to allow it to comply with new bank capital regulations, and replaces the previous agreement.
 
The fund received notice earlier this year that BAML had decided to raise the terms of margin financing for closed-end funds.
 
Ivy High Income Opportunities Fund’s investment objective is to seek to provide total return through a combination of a high level of current income and capital appreciation. The fund seeks to achieve its investment objective by investing primarily in a portfolio of high yield corporate bonds of varying maturities and other fixed income instruments of predominantly corporate issuers, including first- and second-lien secured loans. 

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