Eagle Capital Growth Fund Declares Year-End Distribution of $0.97 Per Share

Rhea-AI Summary

The Eagle Capital Growth Fund (NYSE American: GRF) has announced a year-end cash distribution of $0.97 per share, with a record date set for November 19, 2021 and a payment date of December 23, 2021. This distribution consists of $0.0213 per share from net investment income and $0.9487 from long-term capital gains. The Fund aims to return to share-based distributions in the future, while providing shareholders with the option for cash.

Positive

• Year-end cash distribution of $0.97 per share.
• Combination of net investment income and long-term capital gains.

Negative

• None.

MILWAUKEE--(BUSINESS WIRE)-- The Eagle Capital Growth Fund, Inc. (“Fund”) (NYSE American: GRF) today declared a year-end distribution of $0.97 per share in cash. The record date for this distribution is November 19, 2021, and the payment date is December 23, 2021.

On a preliminary basis, this distribution represents a combination of net investment income of $0.0213 per share and long-term capital gains of $0.9487 per share. This preliminary information is subject to change. Shareholders will receive definitive information with respect to U.S. Federal income tax treatment. In addition, shareholders can access definitive tax information by going to the Fund’s website after year-end.

The Fund is making its year-end distribution this year in cash. The Fund looks forward to returning to its normal path of paying the year-end distribution with Fund shares, with every Fund shareholder having the option to take cash.

The Fund is a closed-end investment company that invests primarily in high quality growth companies. To learn more about the Fund, please go the Fund’s website: www.eaglecapitalgrowthfund.com

If you have a question about the year-end distribution or other Fund matter, please contact David C. Sims, the Fund’s Chief Financial Officer and Chief Compliance Officer, at (414) 765-1107, or by e-mail to: dave@simscapital.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20211108006135/en/

David C. Sims

Chief Financial Officer and Chief Compliance Officer

(414) 765-1107

dave@simscapital.com

Source: Eagle Capital Growth Fund, Inc.

FAQ

What is the year-end distribution for GRF in 2021?

The year-end distribution for Eagle Capital Growth Fund (GRF) in 2021 is $0.97 per share.

When is the record date for the GRF distribution?

The record date for the GRF distribution is November 19, 2021.

What is the payment date for the GRF distribution?

The payment date for the GRF distribution is December 23, 2021.

How is the GRF distribution composed?

The GRF distribution consists of $0.0213 per share from net investment income and $0.9487 per share from long-term capital gains.

Will GRF return to share-based distributions in the future?

Yes, the Fund looks forward to returning to its normal path of paying year-end distributions with Fund shares.