UTF sell-off | Closed-End Funds Message Board Posts

Closed-End Funds   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  20700 of 20849  at  3/3/2021 4:56:36 PM  by

lumpygravy


 In response to msg 20699 by  VTJohn
view thread

Re: UTF sell-off

Ahhh, I see what you're looking at now, the YTD distributions,
Jan and Feb.
 
I wouldn't worry much about that. The only tax characterization that 
matters is the one issued for the full tax year. UTF is required to issue
the monthly dividend press releases in order to satisfy the SEC for
their exemption to the rule which prohibit funds from distributing 
capital gains more than once per year (or twice for spill over) and
to inform investors if any ROC is being paid instead of net investment 
income.
 
Typically, the monthly totals are recharacterized later on and looks
vastly different after the end of the tax year.
 
In my last post I provided a link to the 2020 Cohen & Steers source 
of distributions. Notice that in 2020 UTF distributions were 22.01%
QDI and 77.99% cap gains, despite all those monthly press releases 
which stated otherwise. No ordinary income was paid in 2020. And,
in my opinion, none will be paid in 2021 when this tax year is concluded.
 
 


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 4     Views: 0
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
20704 Re: UTF sell-off VTJohn 0 3/4/2021 9:22:13 AM








Financial Market Data provided by
.
Loading...