Guggenheim Build America Bonds Managed Duration Trust (NYSE:
GBAB) has declared its initial monthly dividend of $0.1170 per share.
This represents an annualized distribution rate of 7.89% based upon the closing market price of $17.79 on December 21, 2010 and an annualized 7.02% distribution rate based on the initial offering price of $20.00 on October 26, 2010.
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