Thornburg Income Builder Opportunities Trust Announces Distribution

Rhea-AI Summary

Thornburg Income Builder Opportunities Trust (NASDAQ: TBLD) announced a monthly distribution of $0.10417 per share, payable on December 19, 2025 to shareholders of record on December 11, 2025. The distribution includes a long-term capital gain and does not include short-term capital gain or return of capital. Fiscal year-to-date total per share is $0.31251, comprised of $0.26220 net investment income (84% FYTD) and $0.05031 long-term capital gain (16% FYTD). Final tax characterization will be reported on Form 1099-DIV after 2025 year-end.

Positive

• Monthly distribution of $0.10417 per share
• Payable December 19, 2025; record date December 11, 2025
• FYTD total per share of $0.31251

Negative

• Distribution includes long-term capital gain (taxable event)
• Trust faces 4% excise tax risk if distribution thresholds not met

News Market Reaction

-0.15%

1 alert

-0.15% News Effect

On the day this news was published, TBLD declined 0.15%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Monthly distribution: $0.10417 per share Current distribution mix: $0.05386 NII (52%), $0.05031 LT gain (48%) FYTD total distribution: $0.31251 per share +5 more

8 metrics

Monthly distribution $0.10417 per share Payable December 19, 2025; no change from prior declaration

Current distribution mix $0.05386 NII (52%), $0.05031 LT gain (48%) Fiscal year 10/01/2025–09/30/2026, current period

FYTD total distribution $0.31251 per share Fiscal year 10/01/2025–09/30/2026; 84% NII, 16% LT gain

Client assets $53 billion Thornburg Investment Management AUM and AUA as of Oct 31, 2025

Excise tax rate 4% Tax imposed if minimum distribution requirements are not met

1-year NAV return 16.44% Year ended Sep 30, 2025, from N-CSR filing

1-year market return 19.26% Year ended Sep 30, 2025, from N-CSR filing

Net assets $680.5 million As of Sep 30, 2025, from N-CSR filing

Market Reality Check

Price: $21.07 Vol: Volume 71,128 is close to...

normal vol

$21.07 Last Close

Volume Volume 71,128 is close to the 20-day average of 73,587 (relative volume 0.97). normal

Technical Price 19.83 is trading above the 200-day moving average of 19.11 and 4.34% below the 52-week high of 20.73.

Peers on Argus

While TBLD is up 0.56%, key income-focused peers show mixed moves: BOE (-0.34%),...

While TBLD is up 0.56%, key income-focused peers show mixed moves: BOE (-0.34%), PDT (-0.48%), FAX (-0.46%), ACP (0%), and THQ (0.59%). This points to stock-specific dynamics around the distribution announcement rather than a broad sector move.

Historical Context

5 past events · Latest: Dec 01 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 01	Monthly distribution	Neutral	-0.1%	Announced $0.10417 December distribution including long-term capital gain.
Nov 03	Monthly distribution	Neutral	-0.7%	Reiterated $0.10417 November distribution funded 100% by income.
Oct 01	Monthly distribution	Neutral	+0.5%	Declared $0.10417 October distribution from net investment income.
Sep 02	Monthly distribution	Neutral	-0.2%	Announced $0.10417 September distribution from long-term gains.
Aug 01	Monthly distribution	Neutral	+0.6%	Declared $0.10417 August distribution from income and short-term gains.

Pattern Detected

Recent monthly distribution announcements at a constant $0.10417 per share have produced small, mixed price reactions, suggesting these events are largely expected and absorbed smoothly by the market.

Recent Company History

Over the last several months, TBLD has repeatedly declared a stable monthly distribution of $0.10417 per share, funded by varying mixes of net investment income and capital gains, with no return of capital reported in the provided history. Fiscal-year and multi-year distribution breakdowns emphasize income generation and realized gains. The latest notice adds a long-term capital gain component and updates fiscal-year-to-date totals, extending the established pattern of predictable monthly payouts with modest share-price reactions around these announcements.

Market Pulse Summary

This announcement details a stable monthly distribution of $0.10417 per share, funded this period by...

Analysis

This announcement details a stable monthly distribution of $0.10417 per share, funded this period by a mix of net investment income and long-term capital gain, with no short-term gains or return of capital. Fiscal year-to-date distributions total $0.31251 per share, predominantly from income. Investors may focus on how the income versus capital-gain mix evolves, the Trust’s ability to meet its 4% excise tax distribution requirements, and any changes in portfolio positioning that could affect future payouts.

Key Terms

net investment income, long-term capital gain, short-term capital gain, return of capital, +4 more

8 terms

net investment income financial

"Distributions on common shares are generally paid from net investment income..."

Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.

long-term capital gain financial

"The Trust's distribution payable on December 19, 2025, includes a long-term capital gain..."

A long-term capital gain is the profit you make from selling an investment, like stocks or property, after holding onto it for more than a year. It matters because these gains are often taxed at a lower rate than quick profits, encouraging people to invest and keep their investments longer.

short-term capital gain financial

"...does not include a short-term capital gain or a return of capital."

A short-term capital gain is the profit an investor realizes when they sell an asset they owned for a short period—typically one year or less—and it is taxed at higher, ordinary income tax rates rather than lower long-term rates. It matters because taxes reduce the money you keep from a trade, so knowing whether a gain is short-term can change decisions about how long to hold an investment, similar to choosing between a fast but costly service and a slower, cheaper option.

return of capital financial

"A distribution comprised in whole or in part by a return of capital does not necessarily..."

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

net asset value financial

"...dividing by the net asset value or market price per share, as applicable..."

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

registered investment company regulatory

"As a registered investment company, the Trust is subject to a 4% excise tax..."

A registered investment company is a pooled investment vehicle—such as a mutual fund or closed-end fund—that is officially registered with financial regulators and required to follow rules about disclosure, how it invests, and what fees it charges. Think of it as a shared basket of stocks or bonds managed for many investors; registration means regular reporting and oversight that help investors compare costs, understand risks, and know how easy it is to buy or sell their shares.

Form 1099-DIV regulatory

"The final determination for all distributions paid in 2025 will be...on Form 1099-DIV."

Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.

UCITS funds regulatory

"The firm offers mutual funds, ETFs, closed-end funds, separate accounts and UCITS funds."

UCITS funds are professionally managed investment funds regulated under a European framework designed to protect everyday investors; think of them as pooled savings accounts that must follow strict rules on transparency, diversification and liquidity. They matter to investors because those rules aim to reduce risk and make it easier to buy or sell the fund across many countries, so investors can access a wide range of assets with clearer safeguards and easier cross-border availability.

AI-generated analysis. Not financial advice.

SANTA FE, N.M., Dec. 1, 2025 /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 December 19, 2025, to common shareholders of record as of December 11, 2025.

The Trust's monthly distribution is shown below:

Amount	Payable Date	Ex-Dividend/Record Date	Change from Previous Declaration
$0.10417	December 19, 2025	December 11, 2025	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 December 19, 2025, includes a long-term capital gain but does not include a short-term capital gain 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 2025 calendar year. The final determination for all distributions paid in 2025 will be made in early 2026 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	$0.05386 (52 %)	$0.26220 (84 %)
Net Realized Short-term Capital Gain	$0.00000 (0 %)	$0.00000 (0 %)
Net Realized Long-term Capital Gain	$0.05031 (48 %)	$0.05031 (16 %)
Return of Capital or Other Capital Sources	$0.00000 (0 %)	$0.00000 (0 %)
Total per share	$0.10417 (100 %)	$0.31251 (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 and with $53 billion¹ in client assets as of October 31, 2025, 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 $52 billion in assets under management and $1 billion in assets under advisement as of October 31, 2025.

View original content to download multimedia:https://www.prnewswire.com/news-releases/thornburg-income-builder-opportunities-trust-announces-distribution-302629287.html

SOURCE Thornburg Investment Management

FAQ

What amount did TBLD announce for the December 2025 monthly distribution?

TBLD announced a monthly distribution of $0.10417 per share for December 2025.

When is the TBLD distribution payable and what is the record date?

The distribution is payable December 19, 2025 to shareholders of record on December 11, 2025.

What portion of the TBLD December 2025 distribution is long-term capital gain?

The December 19, 2025 distribution includes a long-term capital gain and excludes short-term capital gain and return of capital.

What is TBLD's fiscal year-to-date total distribution per share as of this announcement?

TBLD reported a fiscal year-to-date total distribution per share of $0.31251.

How much of TBLD's FYTD distributions come from net investment income?

FYTD net investment income is $0.26220, representing 84% of FYTD distributions.

When will TBLD shareholders receive tax details for the 2025 distributions?

Tax characteristics will be reported on Form 1099-DIV after the end of the 2025 calendar year.