FPA U.S. Value Distributes CGs Early---"Size Matters"

heezsafe

Well, for those holding it still, don't say you weren't put on notice.
SURPRISE!!! [this notice just came to me via e-mail]:

FPA U.S. Value Fund, Inc. (FPPFX) Estimated Capital Gains Distribution

Los Angeles (September 22, 2015) - As discussed in the June 4, 2015 announcement, “FPA Launches U.S. Value Strategy,” the strategy change has resulted in the realization of significant long-term capital gains. Currently, this amount is approximately $38.00 per share. It is important to note that the actual distribution rate will be calculated as of September 30, 2015, and may change from this preliminary amount. The distribution is payable on October 2, 2015. This distribution will be taxable in 2015 and reported to shareholders on the Form 1099 they will receive in early 2016. FPA expects to reopen the Fund to new investors in October, following the distribution and completion of the portfolio transition.

TheShadow

And I did not think there could be too many funds that could beat Turner's Emerging Growth Fund capital gain payout of $26+ last year.

VintageFreak

FPA capital gains distribution was obvious. Which is why I never bought it. I'm going to stick with my FPACX.

ibartman

One use for such a fund....?

If the fund company allows you to establish withholding for your non-retirement fund accounts, then it would be an easy way to increase the amount of dollars that you have withheld with respect to your 2015 tax year..... ;^)

TheShadow

Final amount $39.67...ugh!!!!

http://www.fpafunds.com/docs/fund-announcements/2015-09-div-distribution.pdf?sfvrsn=2