Guggenheim Power & Revenue Fund Proclaims Ultimate Outcomes of Takeover Bid

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NEW YORK, April 5, 2021 (GLOBE NEWSWIRE) – Guggenheim Power & Revenue Fund (“XGEIX” or the “Fund”) as we speak introduced the ultimate outcomes of its public tender supply for as much as 1,366 frequent shares (“Shares”) of the Fund (roughly 2.5% of the Shares excellent) at a worth equal to the web asset worth per Share of the Fund on the date of expiry of the general public tender supply (the “Public Provide Buy ”). The tender supply started on March 2, 2021 and expired on April 1, 2021.

In complete, 8,872 Shares had been duly deposited and weren’t withdrawn. The variety of Shares deposited being larger than 1,366 Shares, the tender supply was oversubscribed. Due to this fact, in accordance with the phrases and situations specified within the tender supply, the Fund will buy Shares from all bidding shareholders on a professional rata foundation, no matter fractions. Because of this, on a professional rata foundation, roughly 17% of the Shares for every shareholder who appropriately tendered Shares had been accepted for cost. The Fund expects to ahead cost for the acquisition of the duly deposited and accepted Shares on or about April 7, 2021. The acquisition worth of the correctly deposited Shares is $ 815.95 per Share, which is the web asset worth per Share as of April 1, 2021 (the expiry date of the tender supply). Shares deposited however not accepted for buy and shares not deposited will stay excellent.

Questions relating to the take-over bid could also be directed to Georgeson LLC, the knowledge agent for the take-over bid, at (888) 565-5190.

About Guggenheim Investments

Guggenheim Investments is the worldwide asset administration and funding advisory division of Guggenheim Companions, LLC (“Guggenheim”), with $ 246 billion * in property below administration for mounted revenue, equities and methods alternate options. We concentrate on the danger and return wants of insurance coverage corporations, company and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers and excessive internet price buyers. Our greater than 300 funding professionals conduct rigorous analysis to know market traits and determine undervalued alternatives in areas which can be typically complicated and under-tracked. This method to funding administration has enabled us to supply revolutionary methods providing diversification alternatives and engaging long-term outcomes.

Guggenheim Investments contains Guggenheim Funds Funding Advisors, LLC (“GFIA”) and Guggenheim Companions Funding Administration, LLC (“GPIM”). GFIA is an funding advisor for XGEIX. GPIM serves because the funding sub-advisor for XGEIX.

* Belongings below administration as of 12.31.2020 and features a leverage impact of $ 13.7 billion. Guggenheim Investments represents the next affiliated funding administration actions of Guggenheim Companions, LLC: Guggenheim Companions Funding Administration, LLC, Safety Buyers, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Funding Advisors, LLC, Guggenheim Company Funding, LLC, Guggenheim Companions Europe Restricted, Guggenheim Companions Fund Administration (Europe) Restricted, Guggenheim Companions Japan Restricted, GS GAMMA Advisors, LLC and Guggenheim Companions India Administration.

This data doesn’t characterize a suggestion to promote securities of the Fund and doesn’t solicit a suggestion to purchase securities of the Fund. An funding within the Fund includes a excessive diploma of threat. The Fund ought to be seen as an illiquid funding. The Fund doesn’t intend to request an inventory on a inventory trade and it’s extremely unlikely {that a} secondary market exists for the acquisition and sale of the frequent shares of the Fund. You may lose all or a part of your funding. An funding within the Fund shouldn’t be appropriate for all buyers and isn’t meant to be an entire funding program. The Fund is designed as a long-term funding for buyers who’re ready to carry the frequent shares of the Fund till the date of the liquidity occasion, and isn’t a buying and selling car. All investments are topic to threat, together with potential lack of capital. Mounted revenue securities are topic to many dangers, together with, however not restricted to: credit score, inflation, revenue, prepayment and rate of interest dangers. As rates of interest rise, the worth of mounted revenue securities decreases. The Fund could make investments with out limitation in excessive yield bonds (“junk bonds”). Excessive yield bonds (“junk bonds”) are topic to the next credit score threat and the next threat of default. The Fund could make investments all or a part of its managed property in illiquid securities. The Fund could make giant investments in securities for which there is no such thing as a observable market worth; the costs of which have to be estimated by the funding advisor. Investments in overseas securities contain dangers, together with the opportunity of losses resulting from modifications in trade charges and detrimental modifications within the political, financial or regulatory construction of particular international locations or areas. These dangers are larger in rising markets. Leverage can lead to larger volatility within the internet asset worth (NAV) of frequent shares and enhance a shareholder’s threat of loss. Derivatives could be illiquid, enhance losses disproportionately and have a probably important impression on the efficiency of the Fund. Distributions will not be assured and are topic to alter.

Buyers ought to consider the funding aims and insurance policies, threat concerns, charges and bills of any funding earlier than investing. For this and extra data, go to www.guggenheiminvestments.com or contact a securities consultant or Guggenheim Funds Distributors, LLC 227 West Monroe Avenue, Chicago, IL 60606, 800-345-7999.

Analyst requestsWilliam T. Korver[email protected]

Not insured by FDIC | No financial institution assure | Could lose worth FINRA / SIPC member (4/21) To be decided

Supply: Guggenheim Investments



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