Guggenheim Investments today announced that certain closed-end
funds have declared their distributions. The table below summarizes
the distribution schedule for each closed-end fund (collectively,
the “Funds” and each, a “Fund”).
The following dates apply to the
distributions:
Record
Date |
January 13, 2017 |
|
|
Ex-Dividend
Date |
January 11, 2017 |
|
|
Payable
Date |
January 31, 2017 |
Distribution Schedule |
NYSE Ticker |
Closed-End Fund Name |
Distribution Per
Share |
Change from Previous Distribution |
Frequency |
AGC |
Advent
Claymore Convertible Securities and Income Fund II |
$ |
0.0471 |
|
Monthly |
AVK |
Advent
Claymore Convertible Securities and Income Fund |
$ |
0.09391 |
|
Monthly |
GBAB |
Guggenheim Taxable Municipal Managed Duration Trust |
$ |
0.12573 |
|
Monthly |
GEQ |
Guggenheim Equal Weight Enhanced Equity Income Fund |
$ |
0.43752 |
|
Quarterly |
GGM |
Guggenheim Credit Allocation Fund |
$ |
0.1813 |
|
Monthly |
GOF |
Guggenheim Strategic Opportunities Fund |
$ |
0.1821 |
|
Monthly |
WIA |
Western
Asset/Claymore Inflation-Linked Securities & Income Fund |
$ |
0.032 |
|
Monthly |
WIW |
Western Asset/Claymore
Inflation-Linked Opportunities & Income Fund |
$ |
0.0335 |
|
Monthly |
1A portion of this distribution is estimated to be a return of
capital rather than income. Final determination of the character of
distributions will be made at year-end. The Section 19(a) notice
referenced below provides more information and can be found at
www.guggenheiminvestments.com.
2Guggenheim Equal Weight Enhanced Equity Income Fund (“GEQ”)
adopted a managed distribution policy (the “Distribution Policy”)
effective with the January 31, 2014 distribution. Under the terms
of the Distribution Policy, GEQ will pay a quarterly distribution
in a fixed amount until such amount is modified by the Board of
Trustees. If sufficient net investment income is not available, the
distribution will be supplemented by capital gains and, to the
extent necessary, return of capital.
The following table sets forth the estimated amounts of GEQ’s
current distribution and the cumulative distributions paid this
fiscal year to date from the following sources: net investment
income; net realized short term capital gains; net realized long
term capital gains and return of capital. All amounts are expressed
per common share.
|
Estimated Amounts of theCurrent QuarterlyDistribution
($) |
Estimated% Breakdown of the Current Quarterly
Distribution |
Estimated Amounts of theTotal Cumulative Distributions
for the Fiscal Year to Date ($) |
Estimated % Breakdown of the Total Cumulative
Distributions for the Fiscal Year to Date |
Net Investment Income |
$ |
0.0328 |
7.50 |
% |
$ |
0.0328 |
7.50 |
% |
Net Realized Short Term Capital Gains |
|
- |
- |
|
|
- |
- |
|
Net Realized Long Term Capital Gains |
$ |
0.4047 |
92.50 |
% |
$ |
0.4047 |
92.50 |
% |
Return of Capital |
|
- |
- |
|
|
- |
- |
|
Total Distribution |
$ |
0.4375 |
100.00 |
% |
$ |
0.4375 |
100.00 |
% |
If the Fund estimates that it has distributed more than its
income and net realized capital gains, a portion of your
distribution may be a return of capital. A return of capital may
occur, for example, when some or all of the money that you invested
in the Fund is paid back to you. A return of capital distribution
does not necessarily reflect the Fund’s investment performance and
should not be confused with “yield” or “income”.
The amounts and sources of distributions reported are only
estimates and are not being provided for tax reporting purposes.
The actual amounts and sources of the amounts for tax reporting
purposes will depend upon the Fund’s investment experience during
the remainder of its fiscal year and may be subject to changes
based on tax regulations. The Fund will send you a Form 1099-DIV
for the calendar year that will tell you how to report these
distributions for federal income tax purposes.
The following table provides GEQ’s total return performance
based on net asset value (NAV) over various time periods compared
to GEQ’s annualized and cumulative distribution rates.
Average annual total return (in relation to NAV) for the period
since inception (October 27, 2011) to December 31, 2016 |
7.99 |
% |
Annualized current distribution rate expressed as a percentage of
NAV as of December 31, 2016 |
9.60 |
% |
Cumulative total return (in relation to NAV) for the fiscal year
through December 31, 2016 |
8.89 |
% |
Cumulative fiscal year distributions as a percentage of NAV as of
December 31, 2016 |
2.40 |
% |
Performance data quoted represents past performance, which is no
guarantee of future results and current performance may be lower or
higher than the figures shown. Total returns in relation to NAV
reflect the Fund's total annual expenses.
You should not draw any conclusions about the Fund’s investment
performance from the amount of this distribution or from the terms
of the Fund’s Distribution Policy.
Past performance is not indicative of future
performance. As of this announcement, the sources of each
fund distribution are estimates. Distributions may be paid from
sources of income other than ordinary income, such as short term
capital gains, long term capital gains or return of capital. Unless
otherwise noted, the distributions above are not anticipated to
include a return of capital. If a distribution consists of
something other than ordinary income, a Section 19(a) notice
detailing the anticipated source(s) of the distribution will be
made available. The Section 19(a) notice will be posted to a Fund’s
website and to the Depository Trust & Clearing Corporation so
that brokers can distribute such notices to Shareholders of the
Fund. Section 19(a) notices are provided for informational purposes
only and not for tax reporting purposes. The final determination of
the source and tax characteristics of all distributions in 2017
will be made after the end of the year. This information is not
legal or tax advice. Consult a professional regarding your specific
legal or tax matters.
About Guggenheim Investments
Guggenheim Investments is the global asset management and
investment advisory division of Guggenheim Partners, LLC
(“Guggenheim”), with $204 billion* in total assets across fixed
income, equity, and alternative strategies. We focus on the return
and risk needs of insurance companies, corporate and public pension
funds, sovereign wealth funds, endowments and foundations,
consultants, wealth managers, and high-net-worth investors. Our
275+ investment professionals perform rigorous research to
understand market trends and identify undervalued opportunities in
areas that are often complex and underfollowed. This approach to
investment management has enabled us to deliver innovative
strategies providing diversification opportunities and attractive
long-term results.
Guggenheim Investments includes Guggenheim Funds Investment
Advisors, LLC (“GFIA”), Guggenheim Partners Investment Management
(“GPIM”), Security Investors, LLC (“SI”), and Guggenheim Funds
Distributors, LLC (the servicing agent for certain of the funds).
GFIA serves as Investment Adviser for AGC, GBAB, GEQ, GGM, and GOF.
GPIM serves as Investment Sub-Adviser for GBAB, GEQ, GGM and GOF.
SI serves as Investment Adviser for WIW and Investment Sub-Adviser
for GEQ. The Investment Advisers for AVK and WIA are Advent Capital
Management, LLC and Western Asset Management Company, respectively,
and are not affiliated with Guggenheim.
*Guggenheim Investments total asset figure is as of 09.30.2016.
The assets include leverage of $10.7bn for assets under management
and $0.5bn for assets for which we provide administrative services.
Guggenheim Investments represents the following affiliated
investment management businesses: Guggenheim Partners Investment
Management, LLC, Security Investors, LLC, Guggenheim Funds
Investment Advisors, LLC, Guggenheim Funds Distributors, LLC,
Guggenheim Real Estate, LLC, GS GAMMA Advisors, LLC, Guggenheim
Partners Europe Limited and Guggenheim Partners India
Management.
This information does not represent an offer to sell securities
of the Funds and it is not soliciting an offer to buy securities of
the Funds. There can be no assurance that the Funds will achieve
their investment objectives. Investments in the Funds involve
operating expenses and fees. The net asset value of the Funds will
fluctuate with the value of the underlying securities. It is
important to note that closed-end funds trade on their market
value, not net asset value, and closed-end funds often trade at a
discount to their net asset value. Past performance is not
indicative of future performance. An investment in closed-end funds
is subject to investment risk, including the possible loss of the
entire amount that you invest. Some general risks and
considerations associated with investing in a closed-end fund may
include: Investment and Market Risk; Lower Grade Securities Risk;
Equity Securities Risk; Foreign Securities Risk; Interest Rate
Risk; Illiquidity Risk; Derivative Risk; Management Risk;
Anti-Takeover Provisions; Market Disruption Risk and Leverage Risk.
See www.guggenheiminvestments.com/cef for a detailed discussion of
Fund-specific risks.
Investors should consider the investment objectives and
policies, risk considerations, charges and expenses of any
investment before they invest. For this and more information, visit
www.guggenheiminvestments.com or contact a securities
representative or Guggenheim Funds Distributors, LLC 227 West
Monroe Street, Chicago, IL 60606, 800-345-7999.
Analyst InquiriesWilliam T.
Korvercefs@guggenheiminvestments.com
Not FDIC-Insured | Not
Bank-Guaranteed | May Lose ValueMember FINRA/SIPC (1/17)
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