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NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) – Guggenheim Energy & Income Fund (the “Fund”) (XGEIX) today announced a takeover bid to purchase up to 2.5% of the issued and outstanding common shares of the Interest Fund (“common shares”). The tender offer will be made at a price equal to the net asset value per common share of the Fund on the expiry date of the tender offer. The Fund intends to begin the tender offer on or around June 2, 2021, with the expiry of the tender offer currently scheduled for July 1, 2021 at 5:00 p.m. CET time. East, unless otherwise extended.
The takeover bid will be made and shareholders of the Fund will be notified, in accordance with the Securities Exchange Act of 1934, as amended, the Investment Company Act of 1940, as amended, and other applicable rules and regulations. . The takeover bid described in this announcement has not yet started. This announcement does not constitute an offer to purchase or a solicitation of an offer to purchase shares of the Fund. The takeover bid will be made only by way of an offer to purchase, related letter of transmittal and related documents. Upon commencement of the tender offer, the Fund will file a tender offer statement in Schedule TO with the SEC, which will include a tender offer and related letter of transmittal. SHAREHOLDERS OF THE FUND SHOULD READ THESE DOCUMENTS BECAUSE THEY CONTAIN OR WILL CONTAIN THE TERMS OF THE TAKEOVER OFFER. Documents filed with the SEC are available free of charge to investors on the SEC website (http://www.sec.gov).
Questions regarding the take-over bid may be directed to Georgeson LLC, the information agent for the take-over bid, at (888) 565-5190.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with more than $ 245 billion* in assets under management through bond, equity and alternative strategies. We focus on the risk and return needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers and high net worth investors . Our more than 300 investment professionals conduct rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and under-tracked. This approach to investment management has enabled us to offer innovative strategies offering diversification opportunities and attractive long-term results.
Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”) and Guggenheim Partners Investment Management, LLC (“GPIM”). GFIA serves as investment advisor for XGEIX. GPIM acts as investment sub-advisor for XGEIX.
* Assets under management are at 3.31.2021 and include a leverage effect of $ 15.4 billion. Guggenheim Investments represents the following affiliated investment management companies of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Fund Management (Europe) Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC and Guggenheim Partners India Management.
This information does not represent an offer to sell securities of the Fund and does not solicit an offer to buy securities of the Fund. An investment in the Fund involves a high degree of risk. The Fund should be viewed as an illiquid investment. The Fund does not intend to apply for a listing on a stock exchange and it is highly unlikely that a secondary market will exist for the purchase and sale of the common shares of the Fund. You could lose some or all of your investment. An investment in the Fund is not suitable for all investors and is not intended to constitute a complete investment program. The Fund is designed as a long term investment for investors who are prepared to hold the common shares of the Fund until the date of the liquidity event, and is not a trading vehicle. All investments are subject to risk, including possible loss of capital. Fixed income securities are subject to many risks, including, but not limited to: credit, inflation, income, prepayment and interest rate risks. When interest rates rise, the value of fixed income securities decreases. The Fund may invest without limitation in high yield bonds (“junk bonds”). High yield bonds (“junk bonds”) are subject to higher credit risk and greater risk of default. The Fund may invest all or part of its Managed Assets in illiquid securities. The Fund may make large investments in securities for which there is no observable market price; the prices of which must be estimated by the investment advisor. Investments in foreign securities involve risks, including the possibility of losses due to changes in exchange rates and negative changes in the political, economic or regulatory structure of specific countries or regions. These risks are greater in emerging markets. Leverage can lead to greater volatility in the net asset value (NAV) of common stocks and increase a shareholder’s risk of loss. Derivatives can be illiquid, increase losses disproportionately and have a potentially significant impact on the performance of the Fund. Distributions are not guaranteed and are subject to change.
Investors should consider the investment objectives and policies, risk considerations, fees and expenses of any investment before investing. For this and more information, visit www.guggenheiminvestments.com or contact a securities representative or Guggenheim Funds Distributors, LLC 227 West Monroe Street, Chicago, IL 60606, 800-345-7999.
William T. Korver
Not insured by FDIC | No bank guarantee | May lose value
FINRA / SIPC member (6/21) 48383