BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG or “the Fund”; CUSIP: 10537L104) Announces Notification of Sources of Distributions
December 01 2022 - 8:00AM
Business Wire
BrandywineGLOBAL - Global Income Opportunities Fund Inc. [NYSE:
BWG]
Notification of Sources of Distributions
Pursuant to Section 19(a) of the Investment Company Act of
1940
The Fund’s estimated sources of the distribution to be paid on
December 1, 2022, and for the fiscal year 2022 year-to-date are as
follows:
Estimated Allocations for November Monthly Distribution as of
October 31, 2022:
Distribution
Per Share
Net Investment
Income
Net Realized
Short-Term Capital
Gains
Net Realized
Long-Term Capital Gains
Return of Capital
$0.0900
$0.0775
$0.0000
$0.0000
$0.0125
100.00%
86.12%
0.00%
0.00%
13.88%
Cumulative Estimated Allocations fiscal year-to-date as of
October 31, 2022, for the fiscal year ending October 31, 2022:
Distribution
Per Share
Net Investment
Income
Net Realized
Short-Term Capital
Gains
Net Realized
Long-Term Capital
Gains
Return of Capital
$1.0700
$0.9215
$0.0000
$0.0000
$0.1485
100.00%
86.12%
0.00%
0.00%
13.88%
Shareholders should not draw any conclusions
about the Fund’s investment performance from the amount of the
current distribution or from the terms of the Plan. BWG estimates
that it has distributed more than its income and net realized
capital gains; therefore, a portion of the BWG distribution to
shareholders may be a return of capital. A return of capital may
occur, for example, when some or all of the money that a
shareholder invested in a Fund is paid back to them. A return of
capital distribution does not necessarily reflect BWG’s investment
performance and should not be confused with ‘yield’ or ‘income’.
The amounts and sources of distributions reported herein 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 a Form 1099-DIV to
shareholders for the calendar year that will describe how to report
the Fund’s distributions for federal income tax purposes.
Average Annual Total Return (in
relation to the change in net asset value (NAV) for the 5-year
period ended on 10/31/2022)1
Annualized Distribution Rate (as
a percentage of NAV as of 10/31/2022)2
Cumulative Total Return (in
relation to the change in NAV for the fiscal period through
10/31/2022)3
Cumulative Fiscal Year-To-Date
Distribution Rate (as a percentage of NAV as of 10/31/2022)4
-3.05%
12.07%
-24.82%
11.96%
Fund Performance and Distribution Rate Information:
- Average Annual Total Return in relation to NAV represents
the compound average of the Annual NAV Total Returns of the Fund
for the five-year period ended through October 31, 2022. Annual NAV
Total Return is the percentage change in the Fund’s NAV over a
year, assuming reinvestment of distributions paid.
- The Annualized Distribution Rate is the current fiscal
period’s distribution rate annualized as a percentage of the Fund’s
NAV as of October 31, 2022.
- Cumulative Total Return is the percentage change in the
Fund’s NAV from October 31, 2021 through October 31, 2022, assuming
reinvestment of distributions paid.
- The Cumulative Fiscal Year-To-Date Distribution Rate is the
dollar value of distributions for the fiscal period October 31,
2021 through October 31, 2022, as a percentage of the Fund’s NAV as
of October 31, 2022.
This Fund has a managed distribution policy that seeks to
deliver the Fund’s long-term total return potential through regular
monthly distributions declared at a fixed rate per common share.
Distributions may be paid in part or in full from net investment
income, realized capital gains and by returning capital, or a
combination thereof. Shareholders should note, however, that if a
Fund’s aggregate net investment income and net realized capital
gains are less than the amount of the distribution level, the
difference will be distributed from the Fund’s assets and will
constitute a return of the shareholder’s capital. A return of
capital is not taxable; rather it reduces a shareholder’s tax basis
in his or her shares of the Fund. The Board of Directors of the
Fund may terminate or suspend the managed distribution policy at
any time, which could have an adverse effect on the market price of
the Fund’s shares.
For further information on BrandywineGLOBAL
- Global Income Opportunities Fund Inc., please visit our web site
at:
www.franklintempleton.com/investments/options/closed-end-funds
Data and commentary provided in this press release are for
informational purposes only. Franklin Resources and its affiliates
do not engage in selling shares of the Funds.
Category: Distribution Related
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
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Investor Contact: Fund Investor Services
1-888-777-0102
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