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 |
October 15, 2015 |
Ex-Dividend Date |
October 13, 2015 |
Payable Date |
October 30, 2015 |
|
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 |
$0.047 |
|
Monthly |
AVK |
Advent Claymore Convertible Securities
and Income Fund |
$0.0939 |
|
Monthly |
GBAB |
Guggenheim Build America Bonds Managed
Duration Trust |
$0.13817 |
|
Monthly |
GEQ1 |
Guggenheim Equal Weight Enhanced Equity
Income Fund |
$0.4375 |
|
Quarterly |
GGM |
Guggenheim Credit Allocation Fund |
$0.1813 |
|
Monthly |
GOF |
Guggenheim Strategic Opportunities
Fund |
$0.1821 |
|
Monthly |
MZF |
Managed Duration Investment Grade
Municipal Fund |
$0.0616 |
|
Monthly |
WIA |
Western Asset/Claymore Inflation-Linked
Securities & Income Fund |
$0.032 |
|
Monthly |
WIW |
Western Asset/Claymore Inflation-Linked
Opportunities & Income Fund |
$0.0335 |
|
Monthly |
Past performance is not indicative of future
performance. As of this announcement, the sources of each
fund distribution are estimates. Distributions may be paid from
sources of income other than ordinary income, such as short term
capital gains, long term capital gains or return of capital. If a
distribution consists of something other than ordinary income, a
Section 19(a) notice detailing the anticipated source(s) of the
distribution will be made available. The Section 19(a) notice will
be posted to a Fund's website and to the Depository Trust &
Clearing Corporation so that brokers can distribute such notices to
Shareholders of the Fund. Section 19(a) notices are provided for
informational purposes only and not for tax reporting purposes. The
final determination of the source and tax characteristics of all
distributions in 2015 will be made after the end of the year. This
information is not legal or tax advice. Consult a professional
regarding your specific legal or tax matters.
1Guggenheim Equal Weight Enhanced Equity Income Fund ("GEQ")
adopted a managed distribution policy (the "Distribution Policy")
effective with the January 31, 2014 distribution. Under the terms
of the Distribution Policy, GEQ will pay a quarterly distribution
in a fixed amount until such amount is modified by the Board of
Trustees. If sufficient net investment income is not available, the
distribution will be supplemented by capital gains and, to the
extent necessary, return of capital.
The following table sets forth the estimated amounts of GEQ's
current distribution and the cumulative distributions paid this
fiscal year to date from the following sources: net investment
income; net realized short term capital gains; net realized long
term capital gains and return of capital. All amounts are expressed
per common share.
|
|
Estimated Amounts of the Current
Quarterly Distribution ($) |
Estimated % Breakdown of the Current
Quarterly Distribution |
Estimated Amounts of the Total
Cumulative Distributions for the Fiscal Year to Date ($) |
Estimated % Breakdown of the
Total Cumulative Distributions for the Fiscal Year to Date |
Net Investment Income |
$ 0.0427 |
9.76% |
$ 0.0888 |
5.07% |
Net Realized Short Term Capital
Gains |
$ 0.3948 |
90.24% |
$ 0.5729 |
32.74% |
Net Realized Long Term Capital
Gains |
-- |
-- |
$ 1.0883 |
62.19% |
Return of Capital |
-- |
-- |
-- |
-- |
Total Distribution |
$ 0.4375 |
100.00% |
$ 1.7500 |
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 September 30, 2015 |
7.35% |
Annualized current distribution rate
expressed as a percentage of NAV as of September 30, 2015 |
9.60% |
Cumulative total return (in relation to
NAV) for the fiscal year through September 30, 2015 |
-6.73% |
Cumulative fiscal year distributions as
a percentage of NAV as of September 30, 2015 |
9.60% |
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.
About Guggenheim Investments
Guggenheim Investments is the global asset management and
investment advisory division of Guggenheim Partners, with $206
billion* in 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 and
attractive long-term results.
Diversification neither assures a profit nor eliminates the risk
of experiencing investment losses.
Guggenheim Investments is comprised of several investment
management entities within Guggenheim, which includes Guggenheim
Funds Distributors, LLC and Guggenheim Funds Investment Advisors,
LLC (together, "Guggenheim Funds"). Guggenheim Funds Investment
Advisors, LLC serves as Investment Adviser for AGC, GBAB, GGM, GOF,
GEQ and WIW. Guggenheim Funds Distributors, LLC serves as Servicing
Agent for AVK, MZF and WIA. The Investment Advisers for AVK, MZF
and WIA are Advent Capital Management, LLC, Cutwater Investor
Services Corporation and Western Asset Management Company,
respectively.
*Guggenheim Investments total asset figure is as of 06.30.2015
and includes $12.2bn of leverage for Assets Under Management and
$0.5bn for assets for which Guggenheim provides administrative
services. Values from some funds are based upon prior periods.
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 Aviation Partners, LLC, Guggenheim Real Estate, LLC,
Transparent Value Advisors, 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
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.
In addition, MZF is subject to AMPS 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.
Not FDIC-Insured | Not
Bank-Guaranteed | May Lose Value Member FINRA/SIPC (10/15)
CONTACT: Analyst Inquiries
William T. Korver
cefs@guggenheimfunds.com
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