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A Payout Rocks A Small-Cap Fund: 60% Of It's NAV: (ORIGX)

TedTed
in The Bullpen
FYI: Shareholders of Oak Ridge Small Cap Growth Fund (ORIGX) got an unpleasant surprise during the holiday season.

The small-cap growth fund made a capital-gains payout of nearly $22.77 a share, or about 60% of its net asset value, on Dec. 12, according to FactSet. The payment sent its share price tumbling to $15.07 from $38 the prior day.
Regards,
Ted
http://www.cetusnews.com/business/A-Payout-Rocks-a-Small-Cap-Fund.H1-CELveVz.html
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