Guggenheim Investments Announces March 2021 Closed-End Fund Distributions
NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) — 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 | March 15, 2021 |
| Ex-Dividend Date | March 12, 2021 |
| Payable Date | March 31, 2021 |
| Distribution Schedule | ||||
| Ticker | Closed-End Fund Name | Distribution Per Share | Change from Previous Distribution | Frequency |
| AVK | Advent Convertible and Income Fund | $0.1172† | Monthly | |
| GBAB | Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | $0.12573† | Monthly | |
| GGM | Guggenheim Credit Allocation Fund | $0.1813† | Monthly | |
| GOF | Guggenheim Strategic Opportunities Fund | $0.1821† | Monthly | |
| GPM | Guggenheim Enhanced Equity Income Fund | $0.12†,* | Quarterly | |
† A portion of this distribution is estimated to be a return of capital rather than income. Final determination of the character of distributions will be made at year-end. The Section 19(a) notice referenced below provides more information and can be found at www.guggenheiminvestments.com.
* Guggenheim Enhanced Equity Income Fund (“GPM”) adopted a managed distribution policy (the “Distribution Policy”) effective with the June 30, 2017 distribution. Under the terms of the Distribution Policy, GPM will pay a quarterly distribution in a fixed amount until such amount is modified by the Board of Trustees. If sufficient net investment income is not available, the distribution will be supplemented by capital gains and, to the extent necessary, return of capital.
The following table sets forth the estimated amounts of GPM’s current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains and return of capital. All amounts are expressed per common share.
| Estimated Amounts of the Current Quarterly Distribution ($) | Estimated | 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 | – | – | – | – |
| Net Realized Short-Term Capital Gains | – | – | – | – |
| Net Realized Long-Term Capital Gains | – | – | – | – |
| Return of Capital | $0.1200 | 100.00% | $0.1200 | 100.00% |
| Total Distribution | $0.1200 | 100.00% | $0.1200 | 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 GPM’s total return performance based on net asset value (NAV) over various time periods compared to GPM’s annualized and cumulative distribution rates.
| Annualized total return (in relation to NAV) for the five-year period ending February 28, 2021 | 11.43% |
| Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021 | 6.20% |
| Cumulative total return (in relation to NAV) for the fiscal year through February 28, 2021 | 5.16% |
| Cumulative fiscal year distributions as a percentage of NAV as of February 28, 2021 | 1.55% |
Performance data quoted represents…
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