Guggenheim Investments today announced that Guggenheim Energy & Income Fund (the “Fund”) ( XGEIX ) declared its quarterly distribution. The table below summarizes the distribution schedule for the Fund. The Fund’s CUSIP is 40169Q105.
The following dates apply to the distribution:
Record Date September 15, 2017
Ex-Dividend Date September 14, 2017
Payable Date September 29, 2017
| Distribution | |||||
| Closed-End Fund Name | Distribution Per Share | Change from Previous Distribution | |||
| Guggenheim Energy & Income Fund | $ | 26.8125 | $ | 2.4375 | |
The Fund’s primary investment objective is to provide high income. As a secondary investment objective, the Fund will seek capital appreciation. There can be no assurance the Fund will achieve its investment objectives.
Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in (i) securities of energy companies and (ii) income producing securities of other issuers. Under normal market conditions, the Fund will invest at least 70% of its Managed Assets in securities of energy companies. The Fund intends to focus its energy company investments in debt securities, including bonds, debentures, notes, loans and loan participations, mezzanine and preferred securities, convertible securities and structured products.
The Fund may invest in debt securities of any credit quality, and may invest without limitation in securities of below investment grade quality (also known as “high yield securities” or “junk bonds”).
The Fund’s common shares are not listed for trading on any securities exchange. Accordingly, no secondary market for the common shares is expected to exist, and an investment in the common shares should be considered illiquid. The Fund is designed primarily for long-term investors who are prepared to hold common shares until the occurrence of a shareholder liquidity event.
The Fund intends to complete an event intended to provide liquidity for the holders of common shares on or before July 28, 2023. You should consider that you may not have access to the money you invest until that time, and may never recover your entire initial investment in the Fund. An investment in common shares is not suitable for you if you need access to the money you invest.
Because the common shares will not be listed on a securities exchange, you should not expect to be able to sell your common shares regardless of how the Fund performs and, as a result, you may be unable to reduce your exposure during any market downturn. If you are able to sell your common shares, you may receive less than your original investment. The Fund’s net asset value is available through Nasdaq under the symbol XGEIX.
Past performance is not indicative of future performance. As of this announcement, the sources of the 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. Unless otherwise noted, the distribution above is not anticipated to include a 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 2016 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.
