Learn why it's important to understand the source of closed-end fund distributions.Morningstar Excluding a handful of exceptions, CEFs themselves do not pay taxes. Instead, like open-end mutual funds and ETFs, CEFs pass the tax consequences of their investments onto their shareholders. To ...
*Distribution from "Other Sources" may contain sources of income other than ordinary income, such as short term capital gains, long term capital gains, or return of capital, which can not be determined until the close of the fund's fiscal year end. Distributions that are treated for federal ...
Many income-seeking investors are drawn to CEFs because of their relatively high distribution rates. High distribution rates are often the result of CEFs' use of leverage via the issuance of debt or preferred shares. Article Save Closed-end fund (CEF) discounts and premiums ...
The IRS would enable closed-end funds to pay their contributions by issuing fund shares while meeting requirements to avoid taxes at the fund level. The guidance from the IRS requires closed-end funds to pay the distribution at market price.Schnitzel...
Closed-End Funds Advent Convertible and Income Fund AVK Premium/Discount -2.55% Distribution Rate* 11.50% as of 12/13/2024 Learn More Fact Card Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust GBAB Premium/Discount 1.76% Distribution Rate*...
®) released today the distribution income sources for five of its closed-end funds for December 2024: MFS® Charter Income Trust (NYSE: MCR), MFS® Government Markets Income Trust (NYSE: MGF), MFS® Intermediate High-Income Fund (NYSE: CIF), MFS®...
NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund’s common shares as summarized below. The distributio...
3Closed-end Fund distribution sources may include net investment income, realized gains and/or return of capital. If a fund’s distribution includes anything other than net investment income, the fund provides a 19a notice of the best estimate of its distribution sources at that time. An electro...
METRO CHICAGO, Ill., Dec. 1, 2023/ PRNewswire/-- Calamos Investments ®* has announced monthly distributions and sources of distributions paid in December 2023 to shareholders of its seven closed-end funds pursuant to the Funds' respective distribution
closed-end fundsIn closed-end funds, a managed distribution policy (MDP) is a dividend commitment potentially requiring the liquidation of assets. We argue that MDPs lower managerial claims on fund assets and, when the fund is at a discount, increase shareholder value. This transfer of wealth ...