BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG or “the Fund”; CUSIP: 10537L104) Announces Notification of Sources of Distributions
BrandywineGLOBAL - Global Income Opportunities Fund Inc. (NYSE: BWG) announced its estimated sources of distributions for November 1, 2022. The estimated total distribution per share is $0.0900, with net investment income contributing $0.0649, alongside a return of capital of $0.0251, amounting to 28% of the distribution. For the fiscal year to date, the cumulative distribution is $0.9800, with a 12.04% annualized distribution rate. The fund's average annual total return in relation to NAV for the five years ended September 30, 2022, is -3.77%. The managed distribution policy may draw from capital, which could affect share value.
- Estimated $0.0900 distribution per share scheduled for November 1, 2022.
- Cumulative distribution of $0.9800 year-to-date with an annualized distribution rate of 12.04%.
- Average annual total return is at -3.77% over the last five years.
- 28% of the current distribution is classified as a return of capital.
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
Estimated Allocations for October Monthly Distribution as of
Distribution Per Share |
Net Investment Income |
Net Realized
Gains |
Net Realized
Gains |
Return of Capital |
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Cumulative Estimated Allocations fiscal year-to-date as of
Distribution Per Share |
Net Investment Income |
Net Realized
Gains |
Net Realized
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 9/30/2022)1 |
Annualized Distribution Rate (as a percentage of NAV as of 9/30/2022)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 9/30/2022)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 9/30/2022)4 |
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Fund Performance and Distribution Rate Information:
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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 throughSeptember 30, 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
September 30, 2022 . -
Cumulative Total Return is the percentage change in the Fund’s NAV from
October 31, 2021 throughSeptember 30, 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 throughSeptember 30, 2022 , as a percentage of the Fund’s NAV as ofSeptember 30, 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
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/20221101005738/en/
Investor Contact:
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What is the estimated distribution amount for BWG on November 1, 2022?
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What is BWG's annualized distribution rate as of September 30, 2022?
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How much has BWG distributed per share for the fiscal year to date?
