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