reconnecting and *GLOBALLY-REDIRECT-IO*

Hi

If I connect to a swank server starting simply with:

    (require :swank)
    (swank:create-server :port 4095 :dont-close t)

and evaluate an output producing form such as:

    (loop
     (format t "~S~%" *standard-output*)
     (sleep 2))

then the output is printed to the repl, but after disconnecting and
connecting again the output no longer makes it there. This is seemingly
regardless of the value of *GLOBALLY-REDIRECT-IO* (set in ~/.swank.lisp)
which is contradicting the documentation at

https://common-lisp.net/project/slime/doc/html/Global-IO-Redirection.html

Is there a way to get standard streams redirected to the new repl upon
reconnect?

Thanks,
Gabor