Guggenheim Trust Sets November Distribution at $0.12573 Per Share

Guggenheim Investments announced a monthly distribution of $0.12573 per share for Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB), setting its November payout for shareholders.

The fund set Nov. 13 as both the record date and the ex-dividend date. The record date determines which shareholders qualify for the distribution. Buyers on or after the ex-dividend date are not entitled to that payout. Payment is scheduled for Nov. 30.

The October distribution was also $0.12573 per share, and payment was made Oct. 30. GBAB is a closed-end fund listed on the New York Stock Exchange. It invests primarily in taxable municipal securities and other investment-grade debt that generates income.

The trust prioritizes current income and lists long-term capital appreciation as a secondary goal. Guggenheim estimates that a portion of the November distribution will be a return of capital rather than income. The company has not specified the amount, and the final tax character will be determined at year-end.