NEW YORK, June 01, 2022 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that the Guggenheim Energy & Income Fund (the “Fund”) (XGEIX) has declared its quarterly distribution. The table below summarizes the Fund’s distribution schedule. The Fund’s CUSIP is 40169Q105.
The following dates apply to the distribution:
|Registration Date||June 15, 2022|
|Ex-dividend date||June 14, 2022|
|Payment date||June 30, 2022|
† A portion of this distribution is estimated to 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 more information and may be viewed at www.guggenheiminvestments.com.
The primary investment objective of the Fund is to provide a high level of income. As a secondary investment objective, the Fund will seek capital appreciation. There can be no assurance that the Fund will achieve its investment objectives.
Under normal market conditions, the Fund will invest at least 80% of its assets under management 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 concentrate its investments in energy companies 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 below investment grade securities (also referred to as “high yield securities” or “junk bonds”).
The common shares of the Fund are not listed on any stock exchange. Accordingly, no secondary market for the Common Shares should 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 to holders of Common Shares no later than July 28, 2023. You should take into account that you may not have access to the money you invest until at this time and never recover all of your initial capital. investment in the Fund. An investment in common shares is not for you if you need access to the money you are investing.
Since the Common Shares will not be listed on any stock exchange, you should not expect to be able to sell your Common Shares regardless of the performance of the Fund and therefore you may not be able to reduce your exposure in the event of a market downturn. If you are able to sell your common shares, you may receive less than your original investment. The net asset value of the Fund is available on the Nasdaq under the symbol XGEIX.
Past performance is not indicative of future performance. As of this announcement, sources for the cast are estimates. Distributions may come from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital. Unless otherwise specified, the above distribution is not expected to include any return of capital. If a distribution consists of anything other than ordinary income, a notice under Section 19(a) detailing the intended source(s) of the distribution will be made available. Notice under Section 19(a) will be posted on the Fund’s website and with 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 will be made after the end of the year. This information does not constitute legal or tax advice. Consult a professional regarding your specific legal or tax issues.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with over $252 billion* in assets under management across fixed income, equity and alternative strategies. We focus on the return and risk needs of insurance companies, private and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers and high net worth investors. Our 265+ investment professionals conduct rigorous research to understand market trends and identify undervalued opportunities in often complex and under-tracked areas. This approach to investment management has enabled us to offer innovative strategies offering opportunities for diversification and attractive long-term results.
Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”) and Guggenheim Partners Investment Management, LLC (“GPIM”). GFIA serves as investment advisor to XGEIX. GPIM acts as investment sub-advisor for XGEIX.
* Assets under management are as of 31.03.2022 and include leverage of $20.7 billion. Guggenheim Investments represents the following investment management affiliates of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Fund Management (Europe) Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC and Guggenheim Partners India Management.
This information does not represent an offer to sell securities of the Fund and does not solicit an offer to buy securities of the Fund. An investment in the Fund involves a high degree of risk. The Fund should be considered an illiquid investment. The Fund does not intend to seek listing on a stock exchange and it is highly unlikely that a secondary market will exist for the purchase and sale of the common shares of the Fund. You could lose some or all of your investment. An investment in the Fund is not suitable for all investors and is not intended to constitute a complete investment program. The Fund is designed as a long-term investment for investors who are prepared to hold the common shares of the Fund until the date of the liquidity event, and is not a trading vehicle. All investments are subject to risk, including possible loss of capital. Fixed income securities are subject to numerous risks, including, but not limited to: credit, inflation, income, prepayment and interest rate risks. As interest rates rise, the value of fixed income securities declines. The Fund may invest without limitation in high yield bonds (“junk bonds”). High yield bonds (“junk bonds”) are subject to higher credit risk and a higher risk of default. The Fund may invest some or all of its managed assets in illiquid securities. The Fund may make large investments in securities for which there are no observable market prices; the prices of which must be estimated by the investment adviser. Investments in foreign securities involve risks, including the possibility of losses due to changes in exchange rates and adverse changes in the political, economic or regulatory structure of specific countries or regions. These risks are greater in emerging markets. Leverage may cause greater volatility in the net asset value (NAV) of common shares and increase a shareholder’s risk of loss. Derivatives can be illiquid, increase losses disproportionately and have a potentially significant impact on the performance of the Fund. Distributions are not guaranteed and may change.
Investors should take into account the investment objectives and policies, risk considerations, fees and expenses of any investment before investing. 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.
William T. Korver
Not FDIC Insured | Not guaranteed by the bank | May lose value
Member FINRA/SIPC (6/22) 52810