Tender Offers for Lord Abbett Floating Rate High Income Fund

Form Type: N-23C3A

Filing Date: 2024-12-27

Corporate Action: Tender-offer

Type: New

Accession Number: 000093041324003370

Comments: The Lord Abbett Floating Rate High Income Fund is initiating a quarterly repurchase offer for its Class I and Class A common shares, allowing shareholders to tender shares for repurchase. This offer aims to provide liquidity, as the shares are not redeemable daily and do not trade on an exchange. The repurchase offer commenced on December 27, 2024, and will conclude on January 28, 2025, unless extended or suspended. Shareholders will be offered the opportunity to repurchase up to 5% of the outstanding shares. The repurchase will occur at the net asset value (NAV) determined at the close of trading on the effective date. Notably, there are no repurchase fees charged by the fund, although transaction fees may apply for shares held via authorized intermediaries. This is a significant opportunity for shareholders who seek liquidity as the next repurchase offer is anticipated to occur on April 22, 2025. Shareholders are advised that selling their shares is a taxable event and should consult with tax advisors regarding implications. The document outlines detailed procedures for submitting repurchase requests and also notes that the Fund reserves the right to suspend the offer under certain circumstances.

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