Guggenheim Build America Bonds Managed Duration Trust’s Non-Fundamental Investment Policy and Name Changes Go Into Effect
July 26 2016 - 5:00PM
Guggenheim Build America Bonds Managed Duration Trust (“GBAB” or
the “Trust”) announced that effective today, the Trust will be
renamed “Guggenheim Taxable Municipal Managed Duration Trust”.
This change was made in accordance with a change to the Trust’s
non-fundamental investment policies previously announced on May 20,
2016. Effective today, the Trust will no longer be required to
invest a specific percentage of its managed assets in Build America
Bonds (“BABs”).
Under normal market conditions, the Trust will invest at least
80% of its Managed Assets in taxable municipal securities, which
include BABs, and may invest up to 20% of its Managed Assets in
securities other than taxable municipal securities, including
tax-exempt municipal securities, asset-backed securities, senior
loans and other income producing securities.
The Trust will continue to trade on the NYSE under its current
ticker symbol, “GBAB”.
For the most up-to-date information and a more complete
discussion of the risk considerations associated with an investment
in the Trust, please visit the Trust’s website at
guggenheiminvestments.com/GBAB.
About Guggenheim Investments
Guggenheim Investments is the global asset management and
investment advisory division of Guggenheim Partners, with $202
billion1 in total assets across fixed income, equity, 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, consultants, wealth
managers, and high-net-worth investors. Our 275+ investment
professionals perform rigorous research to understand market trends
and identify undervalued opportunities in areas that are often
complex and underfollowed. This approach to investment management
has enabled us to deliver innovative strategies providing
diversification opportunities and attractive long-term results.
1Guggenheim Investments total asset figure is as of
06.30.2016. The assets include leverage of $11.4bn for assets under
management and $0.5bn 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 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 Trust and it is not soliciting an offer to buy securities of
the Trust. There can be no assurance that the Trust will achieve
its investment objectives. Investment in the Trust involves
operating expenses and fees. The net asset value of the Trust 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. The market value of fixed income
securities will change in response to interest rate changes and
market conditions among other things. In general, bond prices fall
when interest rates rise and vice versa.
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.
Not FDIC-Insured | Not
Bank-Guaranteed | May Lose ValueGuggenheim Funds Distributors, LLC
(member FINRA/SIPC)
Analyst Inquiries
William T. Korver
cefs@guggenheiminvestments.com
Guggenheim Taxable Munic... (NYSE:GBAB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Guggenheim Taxable Munic... (NYSE:GBAB)
Historical Stock Chart
From Jul 2023 to Jul 2024