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Just got an email from Lazard informing shareholders that the June distribution has been characterized as a Return of Capital. Heard of leveraged CEFs doing this, but not an OEF. Probably don't have to worry about changing the basis because this holding is in a Roth. Still, seems bizarre. Anyone had this experience?
It happened to me something close to 10 years ago and I didn't realize it until I looked at my 1099. It was in a taxable account where I had DCA'd into a fund (I can't remember which fund it was) and I wasn't sure how to adjust my basis because I've always specifically identified the shares/lots I want to sell. In the end I think I just pro-rated the adjustment across all shares.
Dividend and Capital Gains Distributions GLFOX Distribution Date Distribution NAV Long-Term Capital Gain Short-Term Capital Gain Return of Capital Dividend Income Distribution Total 06/21/2017 17.08 0.0000 0.0000 0.0000 0.0004 0.0004 03/21/2017 15.28 0.0000 0.0000 0.0000 0.0210 0.0210 12/22/2016 14.22 0.0963 0.0242 0.0000 0.1569 0.2774 09/27/2016 13.98 0.0000 0.0000 0.0000 0.0212 0.0212 08/22/2016 14.10 0.0164 0.0048 0.0000 0.0284 0.0497
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Regards,
Ted
Dividend and Capital Gains Distributions GLFOX
Distribution
Date Distribution
NAV Long-Term
Capital Gain Short-Term
Capital Gain Return of
Capital Dividend
Income Distribution
Total
06/21/2017 17.08 0.0000 0.0000 0.0000 0.0004 0.0004
03/21/2017 15.28 0.0000 0.0000 0.0000 0.0210 0.0210
12/22/2016 14.22 0.0963 0.0242 0.0000 0.1569 0.2774
09/27/2016 13.98 0.0000 0.0000 0.0000 0.0212 0.0212
08/22/2016 14.10 0.0164 0.0048 0.0000 0.0284 0.0497