Thornburg Income Builder Opportunities Trust (TBLD)

DISTRIBUTIONS as of

Distribution Rate on Market6.91%
Distribution Rate on NAV6.27%
Fiscal YTD Distributions per Share*$0.31251
Inception to Date Distributions per Share$0.41668
* For the fund, the Fiscal year is 10/1 to 9/30.

DISTRIBUTION SUMMARY

PAYABLE DATERECORD DATEEX-DATEDECLARATION DATEAMOUNT
11/22/202111/15/202111/12/202111/2/2021$0.10417
10/20/202110/11/202110/8/202110/1/2021$0.10417
9/20/20219/13/20219/10/20218/25/2021$0.10417

The Trust intends to implement a level distribution policy and commencing with the Trust’s first dividend, the Trust intends to distribute to Common Shareholders regular monthly cash distributions of all or a portion of its net investment income.

Distributions on Common Shares may be paid from net investment income (regular interest and dividends), capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Trust’s common shareholders on Form 1099 after the end of the calendar year. Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

At times, to maintain a stable level of distributions, the Trust may pay out more or less than all of its net investment income or pay out accumulated undistributed income, or return capital, in addition to current net investment income. There is no assurance the Trust will pay regular monthly distributions or that it will do so at a particular rate. The Trust reserves the right to change its distribution policy and the basis for establishing the amount and rate of its distributions at any time upon notice to shareholders.

Important Information

There are risks inherent in any investment, including the possible loss of principal. There can be no assurance that the Trust will achieve its investment objective, and you could lose some or all of your investment. Closed-end funds frequently trade at discounts to their net asset value. Past performance is not guaranteed.

Risks

Trust shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Past performance is no guarantee of future results.

An investment in the Trust is subject to investment risk, including the possible loss of the entire principal amount invested. There can be no assurance that the Trust’s objective will be achieved. An investment in the Trust also represents an indirect investment in any underlying investment of the Trust. The value of the Trust or an underlying investment company, like other market investments, may move up or down, sometimes rapidly and unpredictably, and an investment in the Trust at any point in time may be worth less than the original investment, even after taking into account any reinvestment of dividends and distributions. Shares of closed-end funds frequently trade at a discount from their NAV. This risk may be greater for investors selling their shares in a relatively short period of time after completion of the initial offering. The Trust’s Common Shares may trade at a price that is less than the initial offering price.

Because the Trust is newly organized, the shares of the Trust’s common stock (the “Common Shares”) have no history of public trading. Common shares of closed-end funds frequently trade at prices lower than net asset value (“NAV”). The risk of loss due to this discount may be greater for initial investors expecting to sell their Common Shares in a relatively short period after the completion of this initial public offering.

The Trust intends to invest a significant portion of its assets in global equity securities, which often involve risks that are different from risks associated with other types of investments. Stock markets are volatile, and the prices of equity securities fluctuate in value based on changes to the issuer of the securities and overall market and economic conditions, and such fluctuations can be pronounced. Small and medium capitalization stocks can be more volatile than, and perform differently from, larger capitalization stocks. These additional risks may result from limited product lines, more limited access to markets and financial resources, greater vulnerability to competition and changes in markets, lack of management depth, increased volatility in share price, and possible difficulties in valuing or selling these investments.

The Trust may invest in securities of companies domiciled emerging market countries, which typically have economic and political systems that are less fully developed, and that can be expected to be less stable than those of more advanced countries. For example, such countries are usually less diversified, communications, transportation and economic infrastructures are less developed, and ordinarily have less established legal, political, business and social frameworks. At times the prices of equity securities or debt obligations of an emerging markets country issuer may be extremely volatile. An issuer domiciled in an emerging market country may be similarly affected by these risks to the extent that the issuer conducts its business in developing countries.

NOT FDIC INSURED
MAY LOSE VALUE
NO BANK GUARANTEE

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