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
distributions1:
Record Date |
January 15, 2015 |
Ex-Dividend Date |
January 13, 2015 |
Payable Date |
January 30, 2015 |
Distribution
Schedule |
|
|
|
Change from |
|
NYSE |
|
Distribution |
Previous |
|
Ticker |
Closed-End Fund
Name |
Per Share |
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 |
GEQ2 |
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 |
($0.0034) |
Monthly |
WIA1 |
Western Asset/Claymore Inflation-Linked
Securities & Income Fund |
$0.032 |
|
Monthly |
WIW1 |
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 the 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.
1WIA and WIW declared their January 2015 distributions on
December 1, 2014. The ex-dividend dates and record dates for the
January 2015 distributions for WIA and WIW were December 29, 2014
and December 31, 2014, respectively.
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 |
|
Estimated |
Estimated |
|
Amounts of |
Estimated |
Amounts of the |
% Breakdown of |
|
the |
% Breakdown of |
Total Cumulative |
the Total |
|
Current |
the Current |
Distributions for |
Cumulative |
|
Quarterly |
Quarterly |
the Fiscal Year to |
Distributions for the |
|
Distribution ($) |
Distribution |
Date ($) |
Fiscal Year to Date |
Net Investment
Income |
$0.0000 |
0.00% |
$0.0000 |
0.00% |
Net Realized Short Term
Capital Gains |
$0.0000 |
0.00% |
$0.0000 |
0.00% |
Net Realized Long Term
Capital Gains |
$0.2191 |
50.08% |
$0.2191 |
50.08% |
Return of Capital |
$0.2184 |
49.92% |
$0.2184 |
49.92% |
Total
Distribution |
$0.4375 |
100.00% |
$0.4375 |
100.00% |
The Fund estimates that it has distributed more than its income
and net realized capital gains; therefore, 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, 2014 |
11.58% |
Annualized current distribution rate
expressed as a percentage of NAV as of December 31, 2014 |
8.39% |
Cumulative total return (in relation to
NAV) for the fiscal year through December 31, 2014 |
7.87% |
Cumulative fiscal year distributions as
a percentage of NAV as of December 31, 2014 |
8.39% |
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 represents the investment management
division of Guggenheim Partners, LLC ("Guggenheim"), which consists
of investment managers with approximately $194.2 billion in
combined total assets*. Collectively, Guggenheim Investments has a
long, distinguished history of serving institutional investors,
ultra-high-net-worth individuals, family offices and financial
intermediaries. Guggenheim Investments offers clients a wide range
of differentiated capabilities built on a proven commitment to
investment excellence. Guggenheim Investments has offices in
Chicago, New York City and Santa Monica, along with a global
network of offices throughout the United States, Europe, and
Asia.
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, GEQ, GGM, GOF 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 September
30, 2014. The assets include leverage of $12.14bn for assets under
management and $0.465bn 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 Aviation, 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 (1/15)
CONTACT: Analyst Inquiries
William T. Korver
cefs@guggenheimfunds.com
Guggenheim Equal Weight Enhanced Equity Income Fund of Beneficial Interest (NYSE:GEQ)
Historical Stock Chart
From Jul 2024 to Aug 2024
Guggenheim Equal Weight Enhanced Equity Income Fund of Beneficial Interest (NYSE:GEQ)
Historical Stock Chart
From Aug 2023 to Aug 2024