Thornburg Income Builder Opportunities Trust Monthly Update
Thornburg Income Builder Opportunities Trust Announces Monthly Distribution
Thornburg Income Builder Opportunities Trust (the "Trust") (NASDAQ: TBLD) has recently shared its monthly distribution announcement, showcasing a commitment to delivering returns to its shareholders. The Trust has declared a distribution of $0.10417 per common share, payable soon to all shareholders.
Distribution Details for Shareholders
The upcoming distribution is scheduled to be paid to common shareholders of record. While the payment date is approaching, it's important for shareholders to keep track of their records. This month's distribution details are:
- Amount: $0.10417
- Payable Date: March 20
- Ex-Dividend/Record Date: March 13
- Change from Previous Declaration: No Change
Trust's distribution rates, calculated to reflect the per-share distributions over the past year, do not guarantee any performance but are subject to market conditions and other factors.
Understanding Distribution Composition
It's important for shareholders to understand that distributions can include net investment income and may also comprise capital gains as well as possible returns of capital. For instance, the announcement for this month confirms that the distribution does not represent a return of capital, but includes a short-term capital gain of $0.00891. Shareholders should be aware that tax characteristics of any distributions will be reported after the end of the calendar year.
Fiscal Year Distribution Overview
The Trust's fiscal year distributions reflect its financial performance, providing a comprehensive overview of dividend payments. For the current fiscal year-to-date (FYTD), the cumulative distributions are:
- Current Distribution: $0.09526 (91%) from net investment income
- Cumulative Distributions FYTD: $0.53575 (86%) from net investment income
- Net Realized Short-term Capital Gain: $0.00891 (9%)
- Total per share: $0.10417 (100%)
Understanding these components helps shareholders see where their returns are coming from, and reinforces the importance of staying informed on distribution policies.
Investment Strategy and Vision
The Trust is committed to achieving a dual objective of providing current income alongside long-term total return. To this end, it actively manages a diverse portfolio, investing at least 80% of its assets in a broad spectrum of income-generating securities. These investments extend both within domestic markets and globally, even tapping into emerging market opportunities.
Tax Considerations for Shareholders
As a registered investment company, the Trust is required to meet specific distribution requirements to avoid punitive excise taxes. Investors should keep in mind that distributions may sometimes yield returns that exceed net investment income, leading to potential capital returns which could adjust their tax basis.
Shareholders can generally expect that any return of capital will not be taxable in the immediate term but may influence their capital gains and losses in future transactions.
About Thornburg Investment Management
Founded in 1982, Thornburg Investment Management has evolved into a leading investment management firm, overseeing approximately $46 billion in client assets. They provide a range of investment products including mutual funds, ETFs, and separate accounts, tailored to both institutional and individual investors. Thornburg's commitment to active management positions it favorably against its peers.
Headquartered in Santa Fe, New Mexico, with a global outreach that extends to Hong Kong, Thornburg continues to focus on producing meaningful investment performance for its clients.
Frequently Asked Questions
What is the amount of distribution announced by Thornburg?
The Trust has announced a distribution of $0.10417 per common share.
When will the distribution be paid?
The distribution is payable on March 20 to shareholders of record as of March 13.
What are the components of the distribution?
The distribution includes a component of short-term capital gains but does not involve return of capital.
What is the Trust's investment strategy?
The Trust aims to achieve current income and total return by investing primarily in a range of income-producing securities.
Who can I contact for more information about Thornburg?
For inquiries, shareholders can reach out to Thornburg Investment Management directly through their corporate channels.
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