Guggenheim Credit Allocation Fund (GGM): Randall C Barnes , director other of Guggenheim Credit Allocation Fund purchased 260 shares on May 3, 2016. The Insider buying transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were purchased at $19.30 per share for a total value of $5,018.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, Randall C Barnes (director other) purchased 600 shares at $18.35 per share price.On Jan 11, 2016, Ronald E Jr Toupin (director other) purchased 100 shares at $19.12 per share price.Also, On Jul 1, 2015, B. Scott Minerd (other) purchased 1,300 shares at $21.73 per share price.On Jun 29, 2015, Donald A. Jr. Chubb (director other) purchased 500 shares at $22.24 per share price.
Guggenheim Credit Allocation Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek total return through a combination of current income and capital appreciation. The Fund invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in fixed income securities debt securities loans and investments with economic characteristics similar to fixed-income securities (collectively credit securities). The credit securities in which it invests consist of corporate bonds loans and loan participations asset-backed securities mortgage-backed securities the United States Government and agency securities mezzanine and preferred securities convertible securities commercial paper municipal securities and sovereign government and supranational debt securities. Guggenheim Funds Investment Advisors LLC serves as the investment advisor to the Fund.