Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
If I were the owner of a high yield bond fund, especially a conservative one like OSTIX, investigating whether a distribution had been made would be absolutely the first step I would take when seeing a move of this size. If someone owns this fund, and doesn't realize how it actually "works", then they should not own it.
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