|Account Type||Advisory and Brokerage|
|Holding Period||Long Term1|
|Share Repurchase||Quarterly at NAV2|
|Distribution Reinvestment||Net Asset Value|
|Net Asset Value||$23.29|
|Annualized Distribution Rate4||5.1%|
1The Fund will have a finite term and intends to liquidate its interest in the Master Fund and distribute all proceeds to shareholders on or before December 31, 2026; however, there is no guarantee that a liquidity event will occur as there is no public trading market for the Shares and the Fund is not obligated to effectuate a liquidity event by a specified date. If you are able to sell your Shares, you will likely receive less than your purchase price.
2GCIF 2019 is designed to be a long-term investment. However, investors may be able to submit their shares for repurchase at NAV. In any calendar year, share repurchase may be no more than 10% of the weighted average number of outstanding shares in any 12-month period. There is no assurance that the Board of Trustees will exercise its discretion to offer to repurchase shares or that there will be sufficient funds available to accommodate all of the shareholders' requests for repurchase, which will adversely affect the liquidity of your investment. The share repurchase program may be amended, suspended or terminated at any time.
3The payment of future distributions on the common stock of GCIF 2019 is subject to the discretion of the Board of Trustees and there can be no assurance as to the amount or timing of any such future distributions. Distributions are not guaranteed.
4The annualized distribution rate is calculated by dividing the annualized current distribution by the net asset value for GCIF 2019. Distributions to shareholders of GCIF 2019 historically have been funded in significant part by the reimbursement of certain expenses that are subject to repayment to the advisors of GCIF 2019. Such waivers and reimbursements by the advisors may not continue in the future. Unless otherwise noted, distributions do not include a return of capital. The actual tax characteristics of distributions will be reported to shareholders annually on a Form 1099-DIV.
For the year ended December 31, 2019, 100% of GCIF 2019’s distributions were funded through estimated taxable income and gains. Operating expenses may vary in the future based on the amount of capital raised, the Advisor’s election to continue expense support and other unpredictable variables. Past performance is not a guarantee of future results.
The Fund is not suitable for all investors. An investment in the Fund is speculative and involves a high degree of risk. • The private debt strategy discussed herein engages in leveraging, and other speculative investment practices that may increase the risk of investment loss. • An investment strategy focused on privately-held companies presents certain challenges, including the lack of available information about the companies. • Investments in bank loans and other floating rate securities involve special types of risks, including credit risk, interest rate risk, liquidity risk and prepayment risk. • The strategy’s exposure to high yield securities (e.g., junk bonds) may subject the fund to greater volatility and involves significant risks, including credit risk, interest rate risk and liquidity risk. • Some asset backed securities, including mortgage-backed securities, may have structures that make their reaction to interest rates and other factors difficult to predict, making their prices very volatile and they are subject to liquidity risk. • The Fund may invest in derivative instruments, which may be more volatile and less liquid, increasing the risk of loss when compared to traditional securities. • A potential conflict of interest may arise when GPIM or any of its affiliates participate in loan arrangements for which it is providing investment management services, investment banking services or other transaction related services and in which the strategy also invests. • The Fund is highly illiquid and appropriate only as a long-term investment for persons of adequate financial means who do not have a need for liquidity in their investment; thus, it is not suitable if you need access to the money invested in the foreseeable future. • The Fund does not currently intend to list shares on any securities exchange and a secondary market is not expected to develop; as such, you may be unable to sell your shares during a market downturn • The Board of Trustees may, but is not required to, implement a share repurchase program; however, only a limited number of Shares will be eligible for repurchase and any such repurchases will be at net asset value, which may be less than the purchase price. If a share repurchase program is implemented, no more than 10% of the weighted average number of outstanding Shares in any 12-month period are expected to be eligible, until a liquidity event occurs (expected to be on or before December 31, 2026); however, a liquidity event is not guaranteed. • The Fund has a finite term and may liquidate assets at a time that is disadvantageous based on market conditions, which may result in losses. • Distributions may be funded from offering proceeds or borrowings, which may constitute a return of capital and reduce the amount of capital available for investment, and are distributed after payment of the sales load and fees and expenses. • Distributions may also be funded in significant part from the reimbursement of certain expenses, which are subject to repayment to the Advisor, as well as from waivers of certain investment advisory fees, which are not subject to repayment; thus, significant portions of these distributions may not be based on investment performance and such waivers and reimbursements may not continue in the future. • If the Advisor does not agree to reimburse certain expenses, significant portions of distributions may come from offering proceeds or borrowings. • The repayment of any amounts owed to the Advisor may reduce future distributions. • The payment of fees and expenses will reduce the funds available for investment, the net income generated, and the net asset value of the shares.
Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objective, risks charges, expenses and the other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or call 800.820.0888.
Investing involves risk, including the possible loss of principal.
Guggenheim Investments represents the following affiliated investment management businesses 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, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management. Securities offered through Guggenheim Funds Distributors, LLC.
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