Thornburg Income Builder Opportunities Trust Announces Distribution

Rhea-AI Summary

Thornburg Income Builder Opportunities Trust (NASDAQ: TBLD) has announced a monthly distribution of $0.10417 per share, payable on June 21, 2024, to shareholders of record as of June 13, 2024. The ex-dividend date is June 12, 2024. The Trust's distributions are generally paid from net investment income and may include capital gains or a return of capital. However, the June 2024 distribution will not include any capital gains or return of capital.

The Trust's fiscal year distributions to date total $0.93753 per share, comprising 51% net investment income, 18% short-term capital gains, 10% long-term capital gains, and 21% return of capital. Thornburg aims to provide current income and additional total returns by investing primarily in income-producing securities across global markets.

Positive

• The Trust announced a steady monthly distribution of $0.10417 per share.
• Fiscal year-to-date distributions total $0.93753 per share.
• 51% of FYTD distributions come from net investment income.
• Thornburg Investment Management manages $44 billion in client assets as of April 30, 2024.
• Thornburg has a strong global presence with offices in Santa Fe, Hong Kong, and Shanghai.

Negative

• 21% of FYTD distributions are from a return of capital, which can reduce shareholder tax basis.
• The June 2024 distribution does not include any capital gains, indicating a lack of realized gains for this period.
• The Trust is subject to a 4% excise tax if it fails to distribute required income and gains.

SANTA FE, N.M., June 3, 2024 /PRNewswire/ -- Thornburg Income Builder Opportunities Trust (the "Trust") (NASDAQ: TBLD) today announced a monthly distribution of $0.10417 per share on the Trust's common shares, payable on June 21, 2024 to common shareholders of record as of June 13, 2024.

The Trust's monthly distribution is shown below:

Amount	Payable Date	Ex-Dividend Date	Record Date	Change from Previous Declaration
$0.10417	June 21, 2024	June 12, 2024	June 13, 2024	No Change

Distribution rates are not performance and are calculated by summing the Trust's monthly distribution per share over four quarters and dividing by the net asset value or market price per share, as applicable, as of the distribution announcement date. Distributions on common shares are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The Trust's distribution payable on June 21, 2024, does not include a return of capital, a long-term capital gain or a short-term capital gain. The specific tax characteristics of the distributions will be reported to the Trust's common shareholders on Form 1099 after the end of the 2024 calendar year. The final determination for all distributions paid in 2024 will be made in early 2025 and reported to you on Form 1099-DIV. You should not use this notice as a substitute for your 1099-DIV.

The Trust's fiscal year (10/01/2023 through 09/30/2024) cumulative distributions are shown below:

	Current Distribution	Cumulative Distributions FYTD
Net Investment Income	$0.10417 (100 %)	$0.48168 (51 %)
Net Realized Short-term Capital Gain	$0.00000 (0 %)	$0.17268 (18 %)
Net Realized Long-term Capital Gain	$0.00000 (0 %)	$0.08712 (10 %)
Return of Capital or Other Capital Sources	$0.00000 (0 %)	$0.19605 (21 %)
Total per share	$0.10417 (100 %)	$0.93753 (100 %)

Shareholders should not assume that the source of a distribution from the Trust is net income or profit. A distribution comprised in whole or in part by a return of capital does not necessarily reflect the Trust's investment performance and should not be confused with "yield" or "income." Future distributions may consist of a return of capital. For further information regarding the Trust's distributions, please visit www.thornburg.com/tbld-distributions.

The Trust's investment objective is to provide current income and additional total return. The Trust seeks to achieve its objective by investing, directly or indirectly, at least 80% of its managed assets in a broad range of income-producing securities. The Trust invests in both equity and debt securities of companies located in the United States and around the globe. The Trust may invest in non-U.S. domiciled companies, including up to 20% of its managed assets at the time of investment in equity and debt securities of emerging market companies.

As a registered investment company, the Trust is subject to a 4% excise tax that is imposed if the Trust does not distribute to common shareholders by the end of any calendar year at least the sum of (i) 98% of its ordinary income (not taking into account any capital gain or loss) for the calendar year and (ii) 98.2% of its capital gain in excess of its capital loss (adjusted for certain ordinary losses) for a one-year period generally ending on October 31 of the calendar year (unless an election is made to use the Trust's fiscal year). In certain circumstances, the Trust may elect to retain income or capital gain to the extent that the Board of Trustees, in consultation with Trust management, determines it to be in the interest of shareholders to do so.

The common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period. As a result, all or a portion of a distribution may be a return of capital, which is in effect a partial return of the amount a common shareholder invested in the Trust, up to the amount of the common shareholder's tax basis in their common shares, which would reduce such tax basis. Although a return of capital may not be taxable, it will generally increase the common shareholder's potential gain, or reduce the common shareholder's potential loss, on any subsequent sale or other disposition of common shares.

About Thornburg

Thornburg Investment Management (Thornburg) is a global investment firm delivering on strategy for institutions, financial professionals and investors worldwide. The privately held firm, founded in 1982, is an active, high-conviction manager of equities, fixed income and multi-asset solutions. With $44 billion¹ in client assets as of April 30, 2024, the firm offers mutual funds, closed-end funds, institutional accounts, separate accounts and UCITS funds for non-U.S. investors.

As an independent firm, Thornburg can take on a wide range of opportunities, explore ideas thoroughly and work across strategies to deliver consistent risk-adjusted outperformance over the long term. The firm attracts free-thinking professionals who are eager to pursue investment outcomes beyond the confines of popular wisdom. From nimble operational capabilities to principles and actions fitting of a global citizen, Thornburg's world-class investment platform and team are aligned on strategy to serve investors.

Thornburg's U.S. headquarters is in Santa Fe, New Mexico with offices in Hong Kong and Shanghai. For more information, visit www.thornburg.com or call 877 215 1330.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. A registration statement relating to these securities has been filed with and declared effective by the U.S. Securities and Exchange Commission.

Certain statements in this press release constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Trust, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the Trust nor any other person assumes responsibility for the accuracy and completeness of such statements in the future.

Risk is inherent in all investing. There can be no assurance that the Trust will achieve its investment objective, and you could lose some or all of your investment.

Thornburg Securities LLC, member FINRA, is a wholly owned subsidiary of Thornburg Investment Management, Inc.

NOT FDIC INSURED      NO BANK GUARANTEE      MAY LOSE VALUE

Media Inquiries 
Michael Corrao
Director of Global Communications
Thornburg Investment Management
Tel: +1 505 467 5345
Email: mcorrao@thornburg.com

¹ Includes $43 billion in assets under management and $1 billion in assets under advisement as of April 30, 2024.

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SOURCE Thornburg Investment Management

FAQ

What is the monthly distribution amount for Thornburg Income Builder Opportunities Trust in June 2024?

The monthly distribution amount for Thornburg Income Builder Opportunities Trust (NASDAQ: TBLD) in June 2024 is $0.10417 per share.

When is the payable date for Thornburg Income Builder Opportunities Trust's June 2024 distribution?

The payable date for the June 2024 distribution is June 21, 2024.

What is the record date for the June 2024 distribution of Thornburg Income Builder Opportunities Trust?

The record date for the June 2024 distribution is June 13, 2024.

Does the June 2024 distribution of Thornburg Income Builder Opportunities Trust include a return of capital?

No, the June 2024 distribution does not include a return of capital.

How much of the fiscal year-to-date distributions of Thornburg Income Builder Opportunities Trust is from net investment income?

51% of the fiscal year-to-date distributions of Thornburg Income Builder Opportunities Trust is from net investment income.

What is Thornburg Income Builder Opportunities Trust's investment objective?

Thornburg Income Builder Opportunities Trust aims to provide current income and additional total return by investing primarily in income-producing securities.