NEW YORK, Dec. 1, 2014 (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||December 15, 2014|
|Ex-Dividend Date||December 11, 2014|
|Payable Date||December 31, 2014|
|NYSE Ticker||Closed-End Fund Name|| Distribution |
| Change from |
|AGC||Advent Claymore Convertible Securities and Income Fund II||$0.047||Monthly|
|AVK||Advent Claymore Convertible Securities and Income Fund||$0.0939||Monthly|
|GBAB1||Guggenheim Build America Bonds Managed Duration Trust||$0.13817||Monthly|
|GGM2||Guggenheim Credit Allocation Fund||$0.1813||Monthly|
|GOF3||Guggenheim Strategic Opportunities Fund||$0.1821||Monthly|
|GPM||Guggenheim Enhanced Equity Income Fund||$0.24||Quarterly|
|MZF||Managed Duration Investment Grade Municipal Fund||$0.065||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|
1 It is estimated that approximately 100% of GBAB's December 2014 distribution will consist of long-term capital gains.
2 It is estimated that approximately 3% of GGM's December 2014 distribution will consist of long-term capital gains.
3 It is estimated that approximately 68% of GOF's December 2014 distribution will consist of long-term capital gains.
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 2014 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 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, GGM, GOF, GPM 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.
CONTACT: Analyst Inquiries William T. Korver email@example.comSource: Guggenheim Investments Illinois