Welcome to our dedicated page for Thornburg Income Builder Opportunities Trust news (Ticker: TBLD), a resource for investors and traders seeking the latest updates and insights on Thornburg Income Builder Opportunities Trust stock.
Thornburg Income Builder Opportunities Trust Common Stock (TBLD) is a diversified, closed-end management investment company aimed primarily at providing current income for its shareholders. Established and managed by Thornburg Investment Management, the Trust seeks to meet its investment goals by investing at least 80% of its Managed Assets directly or indirectly, thereby ensuring a robust and diversified asset base.
Founded in 1982 by Garrett Thornburg, Thornburg Investment Management is headquartered in Santa Fe, New Mexico. The firm has grown to be a global investment entity with over $42 billion in client assets as of August 31, 2023. Recognized for its active portfolio management strategies, Thornburg offers a range of investment solutions including mutual funds, closed-end funds, institutional accounts, and separate accounts.
Recent Achievements:
- On September 29, 2023, Thornburg appointed Mark Zinkula as its new President & Chief Executive Officer, bringing his extensive experience from Legal & General Investment Management, where he managed $1.4 trillion in assets.
- Consistently delivering competitive investment performance through a collaborative approach between its equity and bond teams.
Core Business: Thornburg's investment philosophy is centered on adding value for investors via comprehensive and active portfolio management. The firm prides itself on its long-term investment horizon, flexibility, and a keen eye for value across different asset classes.
Current Projects and Partnerships: Thornburg continues to expand its portfolio solutions, aiming to meet the diverse needs and objectives of its investors. With offices in Hong Kong and Shanghai, the firm extends its reach globally, ensuring diversified investment opportunities.
Thornburg's commitment to client service is underpinned by the principle that robust investment performance is key to client satisfaction. The firm brings together a blend of innovative products and a talented team dedicated to delivering consistent investment results over the long term.
For more detailed information, visit Thornburg Investment Management or contact their Global Communications Director, Michael Corrao at +1 (505) 467-5345 or via email at mcorrao@thornburg.com.
Thornburg Income Builder Opportunities Trust (TBLD) announced the issuance of 1,825,633 common shares at $20 each, raising gross proceeds of $36,512,660. Combined with prior issuances, the total capital raised is $641.6 million from 32,081,883 shares. A monthly distribution of $0.10417 per share was made on September 20, 2021, yielding an annualized rate of about 6.25%. The Trust aims to deliver high current income through diverse, income-producing investments globally. An investor call is scheduled to discuss the investment strategy for the raised proceeds.
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