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NEW YORK, October 3, 2022 (GLOBE NEWSWIRE) — Guggenheim Investments announced today 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 distributions:
Record date October 14, 2022 Ex-dividend date October 13, 2022 Payment date October 31, 2022 Distribution schedule NYSE Ticker Closed 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 GOF Guggenheim Strategic Opportunities Fund $ 0.1821† Monthly GUG Guggenheim Active Allocation Fund $ 0.11875† Monthly
† It is estimated that a portion of this distribution will be a return of capital rather than income. The final determination of the nature of the distributions will be made at the end of the year. The Section 19(a) notice referenced below provides further information and can be found at www.Guggenheiminvestments.com.
You should not draw conclusions about the Fund's investment performance from the amount of this distribution or the terms of the Fund's Distribution Policy.
Past performance is not indicative of future performance. As of this announcement, the sources of distribution for each fund 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 capital returns. Unless otherwise indicated, the above distributions should not include a capital return. 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 on the Fund’s website and with the Depository Trust & Clearing Corporation so that brokers can distribute these notices to the Fund’s Shareholders. Section 19(a) notices are provided for informational purposes only and not for tax reporting purposes. Final determination of the taxable origin and characteristics of all distributions 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 questions.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with over US$228 billion* in assets under management across fixed income, equities, 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, advisors, wealth managers, and high-net-worth investors. Our more than 250 investment professionals conduct rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and under-followed. This investment management approach has enabled us to deliver innovative strategies, providing diversification opportunities and compelling long-term results.
Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”), Guggenheim Partners Investment Management, LLC (“GPIM”), Guggenheim Funds Distributors, LLC (“GFD”), and Guggenheim Partners Advisors, LLC (“GPA”). GFIA acts as Investment Advisor to GBAB, GOF, and GUG. GPIM and GPA act as Sub-Investment Advisors to GBAB, GOF, and GUG. GFD acts as a servicing agent for AVK. AVK’s Investment Advisor is Advent Capital Management, LLC and is not affiliated with Guggenheim.
* Assets under management as of June 30, 2022, include leverage of US$18.3 billion. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Partners Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management.
This information does not constitute an offer to sell securities of the Funds and is not a solicitation of an offer to buy securities of the Funds. There is no guarantee 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 at their market value, not at net asset value, and closed-end funds generally trade at a discount to 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 all invested capital. 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; Risk Management; Anti-Takeover Provisions; Market Disruption Risk and Leverage Risk.
