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  Senior Loan & High Yield Review – 4th Quarter 2016
Posted Under: Senior Loan

In the 1994 film The Shawshank Redemption, Andy Dufresne, a quiet and intelligent banker, is wrongly convicted for the murder of his wife and is sentenced to life in prison. After the initial shock and despair of his new reality, Andy develops a plan of escape. Dufresne's plan is to use a small rock hammer to chip away at and eventually, over many years, tunnel completely out of his prison cell. Each night Andy would dig and each day he would spread a pocketful of his cell block wall in the prison yard through a hole in his pants pocket so as to avoid detection. Importantly, Dufresne maintained a reticent and humble demeanor, earning him the trust of the Warden and the prison guards who allowed him, against prison rules, to keep a poster of Rita Hayworth hanging over the growing hole in his cell. Dufresne kept a low profile and quietly executed his plan, never losing hope. He did not allow the bleakness of his unfortunate circumstances or the discouragement of the other inmates to distract him from his plan. Eventually, Dufresne was able to successfully escape from Shawshank Prison and flee to Mexico to happily live out the rest of his life.

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These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
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