BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG or “the Fund”; CUSIP: 10537L104) Announces Notification of Sources of Distributions

Rhea-AI Summary

BrandywineGLOBAL - Global Income Opportunities Fund Inc. (NYSE: BWG) has announced its estimated sources of distributions for shareholders, scheduled for September 1, 2022. The August distribution is set at $0.0900 per share, with 68% attributed to net investment income and 32% as a return of capital. Year-to-date cumulative distributions total $0.8000, comprised of 68% net investment income. The Fund emphasizes that shareholders should not interpret distribution amounts as indicative of investment performance, and a portion may constitute a return of capital, which could affect tax implications.

Positive

• Monthly distribution of $0.0900 per share highlights ongoing income generation.
• 68% of distribution attributed to net investment income indicates strong income performance.

Negative

• Cumulative total return is reported at -19.29%, indicating a significant decline in asset value.
• Average annual total return stands at -2.03%, suggesting underperformance over the past five years.

NEW YORK--(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 September 1, 2022 and for the fiscal year 2022 year-to-date are as follows:

Estimated Allocations for August Monthly Distribution as of July 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		$0.0613		$0.0000		$0.0000		$0.0287
100%		68%		0%		0%		32%

Cumulative Estimated Allocations fiscal year-to-date as of July 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
$0.8000		$0.5453		$0.0000		$0.0000		$0.2547
100%		68%		0%		0%		32%

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 7/31/2022)1	Annualized Distribution Rate (as a percentage of NAV as of 7/31/2022)2	Cumulative Total Return (in relation to the change in NAV for the fiscal period through 7/31/2022)3	Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 7/31/2022)4
-2.03%	10.92%	-19.29%	8.09%

Fund Performance and Distribution Rate Information:

1. 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 July 31, 2022. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
2. The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of July 31, 2022.
3. Cumulative Total Return is the percentage change in the Fund’s NAV from October 31, 2021 through July 31, 2022, assuming reinvestment of distributions paid.
4. The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period October 31, 2021 through July 31, 2022, as a percentage of the Fund’s NAV as of July 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220901005345/en/

Investor Contact: Fund Investor Services 1-888-777-0102

Source: Franklin Resources, Inc. and Legg Mason Closed End Funds

FAQ

What is the distribution amount for BrandywineGLOBAL (BWG) in August 2022?

The distribution amount for BrandywineGLOBAL (BWG) in August 2022 is $0.0900 per share.

How is the distribution for BWG divided among different sources?

For August 2022, 68% of the distribution is from net investment income, and 32% is classified as a return of capital.

What are the cumulative distributions for BWG in the fiscal year to date?

The cumulative distributions for BWG in the fiscal year to date amount to $0.8000 per share.

How does BWG's average annual total return compare over the past five years?

BWG's average annual total return over the past five years is -2.03%.

What does a return of capital mean for BWG shareholders?

A return of capital indicates that part of the shareholder's original investment is being returned, which does not reflect the Fund's investment performance.