I mostly invest in stocks, but when I was new to the market I bought an closed-end fund (symbol: IIF). Recently I saw this article:
http://biz.yahoo.com/bw/070619/20070619006563.html?.v=1
What does this mean for me? I can think of a couple of ways of interpreting it.
- It could mean that the fund had short-term capital gains of $0.10 per share and long-term capital gains of $4.80 a share, which to me means that I will receive $4.90 a share.
- It could also mean that the shares I hold are somehow ear-marked as short-term or long-term
Also, it seems that every time the fund the declares is a distribution (dividend), the price drops 10%... what's going on here... my only guess is that they are selling positions to pay the dividend, thus the net holdings are less, affecting what people are willing to pay for it.
I have searched the Internet for a while looking for some insight into this, but I always get the basic "What percentage are long-term, short-term capital gains taxed at"?
2007-07-02
12:17:00
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3 answers
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asked by
raymanrevo
2