Thornburg Income Builder Opportunities Trust Announces Distribution

Rhea-AI Summary

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) declared a monthly distribution of $0.10417 per share, payable on July 20, 2026 to shareholders of record on July 13, 2026, unchanged from the prior month.

The July distribution consists of net investment income, short-term capital gain and return of capital, with current fiscal-year-to-date per-share distributions of $1.04170, primarily from net investment income. Tax character details will be finalized on Form 1099-DIV after year-end 2026.

Positive

• Monthly distribution of $0.10417 per share, no change
• 66% of current distribution from net investment income
• Fiscal 2025-26 year-to-date distributions total $1.04170 per share
• Detailed breakdown of income, gains and return of capital provided
• Parent firm reports $60 billion in client assets as of May 31, 2026

Negative

• 26% of current distribution classified as return of capital
• 14% of fiscal year-to-date distributions are return of capital
• Distributions may exceed net investment income for a given period
• Trust highlights risk that investors could lose some or all capital

News Market Reaction – TBLD

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In the Jul 2 session, TBLD gained 0.27%, reflecting a mild positive market reaction.

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SANTA FE, N.M., July 1, 2026 /PRNewswire/ -- Thornburg Income Builder Opportunities Trust (the "Trust") (NASDAQ: TBLD) today announced a monthly distribution of $0.10417 per share on the Trust's common shares, payable on July 20, 2026, to common shareholders of record as of July 13, 2026.

The Trust's monthly distribution is shown below:

Amount	Payable Date	Ex-Dividend/Record Date	Change from Previous Declaration
$0.10417	July 20, 2026	July 13, 2026	No Change

Distribution rates are not performance and are calculated by summing the Trust's monthly distribution per share over four quarters and dividing by the net asset value or market price per share, as applicable, as of the distribution announcement date. Distributions on common shares are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The Trust's distribution payable on July 20, 2026, includes a short-term capital gain and a return of capital but does not include a long-term capital gain. The specific tax characteristics of the distributions will be reported to the Trust's common shareholders on Form 1099 after the end of the 2026 calendar year. The final determination for all distributions paid in 2026 will be made in early 2027 and reported to you on Form 1099-DIV. You should not use this notice as a substitute for your 1099-DIV.

The Trust's fiscal year (10/01/2025 through 09/30/2026) cumulative distributions are shown below:

	Current Distribution	Cumulative Distributions FYTD
Net Investment Income	$0.06887 (66 %)	$0.74160 (71 %)
Net Realized Short-term Capital Gain	$0.00829 (8 %)	$0.10815 (10 %)
Net Realized Long-term Capital Gain	$0.00000 (0 %)	$0.05031 (5 %)
Return of Capital or Other Capital Sources	$0.02701 (26 %)	$0.14164 (14 %)
Total per share	$0.10417 (100 %)	$1.04170 (100 %)

Shareholders should not assume that the source of a distribution from the Trust is net income or profit. A distribution comprised in whole or in part by a return of capital does not necessarily reflect the Trust's investment performance and should not be confused with "yield" or "income." Future distributions may consist of a return of capital. For further information regarding the Trust's distributions, please visit www.thornburg.com/tbld-distributions.

The Trust's investment objective is to provide current income and additional total return. The Trust seeks to achieve its objective by investing, directly or indirectly, at least 80% of its managed assets in a broad range of income-producing securities. The Trust invests in both equity and debt securities of companies located in the United States and around the globe. The Trust may invest in non-U.S. domiciled companies, including up to 20% of its managed assets at the time of investment in equity and debt securities of emerging market companies.

As a registered investment company, the Trust is subject to a 4% excise tax that is imposed if the Trust does not distribute to common shareholders by the end of any calendar year at least the sum of (i) 98% of its ordinary income (not taking into account any capital gain or loss) for the calendar year and (ii) 98.2% of its capital gain in excess of its capital loss (adjusted for certain ordinary losses) for a one-year period generally ending on October 31 of the calendar year (unless an election is made to use the Trust's fiscal year). In certain circumstances, the Trust may elect to retain income or capital gain to the extent that the Board of Trustees, in consultation with Trust management, determines it to be in the interest of shareholders to do so.

The common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period. As a result, all or a portion of a distribution may be a return of capital, which is in effect a partial return of the amount a common shareholder invested in the Trust, up to the amount of the common shareholder's tax basis in their common shares, which would reduce such tax basis. Although a return of capital may not be taxable, it will generally increase the common shareholder's potential gain, or reduce the common shareholder's potential loss, on any subsequent sale or other disposition of common shares.

About Thornburg

Thornburg Investment Management ("Thornburg") is an active, high-conviction manager of equities, fixed income, multi-asset and alternative solutions. As a privately owned firm with $60 billion¹ in client assets as of May 31, 2026, Thornburg serves institutions, financial professionals and investors worldwide. The firm offers mutual funds, ETFs, closed-end funds, separate accounts and UCITS funds. Thornburg was founded in 1982 and is headquartered in Santa Fe, New Mexico with additional offices in Hong Kong and London. For more information, visit www.thornburg.com or call 877 215 1330.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. A registration statement relating to these securities has been filed with and declared effective by the U.S. Securities and Exchange Commission.

Certain statements in this press release constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Trust, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the Trust nor any other person assumes responsibility for the accuracy and completeness of such statements in the future.

Risk is inherent in all investing. There can be no assurance that the Trust will achieve its investment objective, and you could lose some or all of your investment.

Thornburg Securities LLC, member FINRA, is a wholly owned subsidiary of Thornburg Investment Management, Inc.

NOT FDIC INSURED      NO BANK GUARANTEE     MAY LOSE VALUE

Media Inquiries
Michael Corrao
Director of Global Communications
Thornburg Investment Management
Tel: +1 505 467 5345
Email: mcorrao@thornburg.com 

¹ Includes $59 billion in assets under management and $1 billion in assets under advisement as of May 31, 2026.

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SOURCE Thornburg Investment Management

FAQ

What is the July 2026 monthly distribution for Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD)?

Thornburg Income Builder Opportunities Trust declared a July 2026 monthly distribution of $0.10417 per share. According to Thornburg, this payment will be made on July 20, 2026 to common shareholders of record as of July 13, 2026.

How is the July 20, 2026 TBLD distribution composed between income, gains and return of capital?

The July 20, 2026 TBLD distribution combines net investment income, short-term capital gain and return of capital. According to Thornburg, it does not include any long-term capital gain, and 26% of the current fiscal-year distribution is classified as return of capital.

What are the fiscal year-to-date distributions per share for TBLD through September 30, 2026?

Fiscal year-to-date distributions for TBLD total $1.04170 per share. According to Thornburg, approximately 71% is from net investment income, 10% from net realized short-term capital gains, 5% from net realized long-term gains and 14% from return of capital or other capital sources.

What does return of capital mean for Thornburg Income Builder Opportunities Trust (TBLD) shareholders?

Return of capital represents a partial return of a shareholder’s invested amount up to tax basis. According to Thornburg, it generally reduces tax basis and may increase potential taxable gain or reduce potential loss when TBLD shares are later sold or otherwise disposed.

When will TBLD shareholders know the final tax character of the 2026 distributions?

The final tax character of TBLD’s 2026 distributions will be reported after year-end. According to Thornburg, shareholders will receive the definitive breakdown on Form 1099-DIV in early 2027, and the current notice should not replace that official tax document.

What is the investment objective and strategy of Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD)?

TBLD’s investment objective is to provide current income and additional total return. According to Thornburg, the Trust seeks to invest at least 80% of managed assets in income-producing securities across global equity and debt, including limited exposure to emerging market companies.

How does the excise tax rule affect distribution policy for Thornburg Income Builder Opportunities Trust?

As a registered investment company, TBLD is subject to a 4% excise tax if it fails certain distribution thresholds. According to Thornburg, it must generally distribute at least 98% of ordinary income and 98.2% of net capital gains over a defined annual measurement period.