For the upcoming distribution, investors can expect the entire payment of $0.136 per share to come from net investment income. Year-to-date figures indicate that the Fund has paid $0.952 per share in total, entirely from net investment income as well. Notably, there are no distributions classified as capital gains or return of capital for this period. It is essential for shareholders to keep in mind that the Managed Distribution policy can change at any time, and this change may affect the market value of the Fund’s shares.
Additionally, the Fund’s recent performance has shown a cumulative total return of 2.84% from January 1, 2024, through June 30, 2024. The cumulative distribution rate for the current fiscal period stands at 4.64%, while the average annual total return over five years is 5.78%, with a current annualized distribution rate of 7.95%. These figures serve as a guiding reference for shareholders but should not be used as the sole indicator of the Fund’s future performance. Shareholders will receive a Form 1099-DIV at year-end to help them understand how to report these distributions for tax purposes. Overall, the announcement holds a somewhat bullish sentiment for investors as they can rely on consistent income from their investments during this fiscal year.
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