Guggenheim Investments Reveals Closed-End Fund Distribution Update

Guggenheim Investments Announces Key Fund Distributions

Guggenheim Investments has recently communicated important details regarding the distributions of several closed-end funds. Investors looking to understand the distribution timelines and amounts should take note of this essential information. The company's commitment to transparency ensures that stakeholders can make informed decisions.

Understanding the Distribution Schedule

The distribution schedule outlines crucial dates related to the funds: the record date, the ex-dividend date, and the payable date, which are often pivotal for investors managing their securities. These dates highlight when funds will declare their distributions, allowing shareholders to strategize accordingly.

Key Dates to Remember

The following are the key dates for the upcoming distributions: the record date is set for November 15, the ex-dividend date is also November 15, and the payable date falls on November 29. These dates are critically important as they dictate when shareholders must own shares to qualify for the upcoming distributions.

Details of Each Fund’s Distributions

The announcement includes a comprehensive look at the distribution amounts for various closed-end funds. For instance, the Advent Convertible and Income Fund (NYSE: AVK) is set to distribute $0.1172 per share. Awareness of distribution amounts is vital for investors managing their portfolios and seeking yield.

Distribution Highlights

Other notable funds include the Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE: GBAB), which will distribute $0.12573 per share, and the Guggenheim Strategic Opportunities Fund (NYSE: GOF) with a distribution of $0.1821 per share. These distributions represent significant income opportunities for shareholders.

Insights on Distribution Sources

It is essential for investors to recognize that a portion of these distributions may be classified as a return of capital rather than income. The final determination of the character of distributions will occur at the end of the year, providing clarity on the sources of income for investors receiving the distributions.

About Guggenheim Investments

As the asset management division of Guggenheim Partners, LLC, Guggenheim Investments manages over $249 billion across various strategies, emphasizing extensive research and identifying investment opportunities. They cater to a diverse clientele, including institutional investors such as pension funds and sovereign wealth funds.

Guggenheim Investments employs a team of over 235 investment professionals who are dedicated to analyzing market trends and uncovering undervalued opportunities. Their strategies not only aim to enhance returns but also manage risks, paving the way for attractive long-term outcomes for clients.

Conclusion

With these updates on closed-end fund distributions, investors are equipped with the necessary information to make prudent investment decisions. Remaining aware of the funds' performance and strategies can lead to better portfolio management and investment growth potential.

Frequently Asked Questions

What are the key distribution dates announced?

The record date and ex-dividend date are both set for November 15, with the payable date on November 29.

How much will the Advent Convertible and Income Fund distribute per share?

The Advent Convertible and Income Fund (NYSE: AVK) is set to distribute $0.1172 per share.

Will the distributions include a return of capital?

Yes, a portion of the distributions may be characterized as a return of capital.

Who manages Guggenheim Investments?

Guggenheim Investments is the asset management division of Guggenheim Partners, LLC, equipped with over 235 investment professionals.

How much does Guggenheim Investments manage?

Guggenheim Investments manages over $249 billion in assets across various investment strategies.

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