BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG or “the Fund”; CUSIP: 10537L104) Announces Notification of Sources of Distributions
BrandywineGLOBAL - Global Income Opportunities Fund (BWG) has announced its March 2025 distribution of $0.0800 per share, with sources breakdown showing 63.63% from net investment income and 36.37% from return of capital. The Fund's fiscal year-to-date distribution totals $0.3200 per share with identical allocation percentages.
Performance metrics as of February 28, 2025 reveal:
- Average Annual Total Return (5-year): 0.26%
- Annualized Distribution Rate: 10.45%
- Cumulative Total Return (fiscal period): 3.59%
- Cumulative Fiscal Year-To-Date Distribution Rate: 3.48%
The Fund maintains a managed distribution policy aimed at delivering long-term total return potential through monthly distributions. Notably, BWG has distributed more than its income and realized capital gains, resulting in a portion being classified as return of capital.
BrandywineGLOBAL - Global Income Opportunities Fund (BWG) ha annunciato la distribuzione di marzo 2025 di $0.0800 per azione, con una ripartizione delle fonti che mostra il 63,63% proveniente da reddito da investimenti netti e il 36,37% da rimborso di capitale. La distribuzione totale dell'anno fiscale fino ad oggi del Fondo ammonta a $0.3200 per azione con percentuali di allocazione identiche.
I parametri di performance al 28 febbraio 2025 rivelano:
- Rendimento Totale Annuale Medio (5 anni): 0,26%
- Aliquota di Distribuzione Annualizzata: 10,45%
- Rendimento Totale Cumulativo (periodo fiscale): 3,59%
- Aliquota di Distribuzione Cumulativa dell'Anno Fiscale Fino ad Oggi: 3,48%
Il Fondo mantiene una politica di distribuzione gestita mirata a offrire un potenziale di rendimento totale a lungo termine attraverso distribuzioni mensili. È importante notare che BWG ha distribuito più del suo reddito e dei guadagni in conto capitale realizzati, risultando in una parte classificata come rimborso di capitale.
BrandywineGLOBAL - Global Income Opportunities Fund (BWG) ha anunciado su distribución de marzo de 2025 de $0.0800 por acción, con un desglose de fuentes que muestra el 63.63% proveniente de ingresos netos por inversiones y el 36.37% de retorno de capital. La distribución total del Fondo hasta la fecha del año fiscal es de $0.3200 por acción con porcentajes de asignación idénticos.
Las métricas de rendimiento al 28 de febrero de 2025 revelan:
- Rendimiento Total Anual Promedio (5 años): 0.26%
- Tasa de Distribución Anualizada: 10.45%
- Rendimiento Total Acumulado (período fiscal): 3.59%
- Tasa de Distribución Acumulada del Año Fiscal Hasta la Fecha: 3.48%
El Fondo mantiene una política de distribución gestionada destinada a ofrecer un potencial de rendimiento total a largo plazo a través de distribuciones mensuales. Cabe destacar que BWG ha distribuido más de sus ingresos y ganancias de capital realizadas, lo que resulta en una parte clasificada como retorno de capital.
브랜디와인글로벌 - 글로벌 소득 기회 펀드 (BWG)는 2025년 3월 배당금을 $0.0800 주당으로 발표했으며, 자원 분해는 순 투자 수익의 63.63%와 자본 회수의 36.37%로 나타났습니다. 펀드의 회계 연도 기준 배당금 총액은 $0.3200 주당이며, 동일한 할당 비율을 유지하고 있습니다.
2025년 2월 28일 기준 성과 지표는 다음과 같습니다:
- 평균 연간 총 수익률 (5년): 0.26%
- 연간 배당률: 10.45%
- 누적 총 수익률 (회계 기간): 3.59%
- 누적 회계 연도 기준 배당률: 3.48%
펀드는 월별 배당금을 통해 장기 총 수익 잠재력을 제공하는 것을 목표로 하는 관리 배당 정책을 유지하고 있습니다. 특히 BWG는 수익 및 실현된 자본 이익보다 더 많은 배당금을 분배하여 일부가 자본 회수로 분류되었습니다.
BrandywineGLOBAL - Global Income Opportunities Fund (BWG) a annoncé sa distribution de mars 2025 de $0.0800 par action, avec une répartition des sources montrant 63,63 % provenant des revenus nets d'investissement et 36,37 % du retour de capital. La distribution totale du fonds depuis le début de l'année fiscale s'élève à $0.3200 par action avec des pourcentages d'allocation identiques.
Les indicateurs de performance au 28 février 2025 révèlent :
- Rendement total annuel moyen (5 ans) : 0,26 %
- Taux de distribution annualisé : 10,45 %
- Rendement total cumulé (période fiscale) : 3,59 %
- Taux de distribution cumulatif depuis le début de l'année fiscale : 3,48 %
Le fonds maintient une politique de distribution gérée visant à offrir un potentiel de rendement total à long terme grâce à des distributions mensuelles. Il est à noter que BWG a distribué plus que ses revenus et gains en capital réalisés, entraînant une partie classée comme retour de capital.
BrandywineGLOBAL - Global Income Opportunities Fund (BWG) hat die Ausschüttung für März 2025 von $0.0800 pro Aktie bekannt gegeben, wobei die Quellenaufteilung 63,63% aus Nettoanlageerträgen und 36,37% aus Kapitalrückzahlungen zeigt. Die Ausschüttung des Fonds im laufenden Geschäftsjahr beträgt insgesamt $0.3200 pro Aktie mit identischen Verteilungsschlüsseln.
Die Leistungskennzahlen zum 28. Februar 2025 zeigen:
- Durchschnittliche jährliche Gesamtrendite (5 Jahre): 0,26%
- Jährliche Ausschüttungsquote: 10,45%
- Kumulative Gesamtrendite (fiskalischer Zeitraum): 3,59%
- Kumulative Ausschüttungsquote des laufenden Geschäftsjahres: 3,48%
Der Fonds verfolgt eine verwaltete Ausschüttungspolitik, die darauf abzielt, das Potenzial für langfristige Gesamtrenditen durch monatliche Ausschüttungen zu bieten. Bemerkenswert ist, dass BWG mehr ausgeschüttet hat als seine Einkünfte und realisierten Kapitalgewinne, was dazu führt, dass ein Teil als Kapitalrückzahlung klassifiziert wird.
- High annualized distribution rate of 10.45%
- Positive cumulative total return of 3.59% for the fiscal period
- 63.63% of distribution comes from net investment income
- Low 5-year average annual total return of only 0.26%
- 36.37% of distribution represents return of capital, not actual earnings
- Fund is distributing more than its income and realized capital gains
Insights
This distribution announcement from BrandywineGLOBAL contains several critical red flags for income investors. The Fund's distribution of
The Fund's 5-year average annual total return of just
For tax-conscious investors, understanding this return of capital component is crucial. While not immediately taxable, it reduces your cost basis in the fund, potentially creating larger capital gains liability upon eventual sale. The managed distribution policy aims to provide steady monthly payments, but its execution raises sustainability concerns when such a large portion comes from capital return rather than actual investment performance.
The cumulative total return for the fiscal period of
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 April 1, 2025, and for the fiscal year 2025 year-to-date are as follows:
Estimated Allocations for the March Monthly Distribution as of February 28, 2025:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
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Cumulative Estimated Allocations fiscal year-to-date as of February 28, 2025, for the fiscal year ending October 31, 2025:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
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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 2/28/2025)1 |
Annualized Distribution Rate (as a percentage of NAV as of 2/28/2025)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 2/28/2025)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 2/28/2025)4 |
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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 February 28, 2025. 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 February 28, 2025.
- Cumulative Total Return is the percentage change in the Fund’s NAV from October 31, 2024 through February 28, 2025, 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, 2024 through February 28, 2025, as a percentage of the Fund’s NAV as of February 28, 2025.
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20250401498010/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What is BWG's current monthly distribution amount for March 2025?
How much of BWG's current distribution comes from return of capital?
What is BWG's 5-year average annual total return as of February 2025?
What is BWG's annualized distribution rate as of February 2025?
How much has BWG distributed in total for fiscal year 2025 to date?
