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Tax Information |
Generally, you will be taxed when you sell shares and receive distributions (whether reinvested or taken in cash). Typically, your tax treatment will be as follows:
Transaction |
Tax Treatment |
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Income dividends |
Ordinary income |
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Short term capital gains distributions |
Ordinary income |
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Long term capital gains distributions |
Capital gains |
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Sales of shares held for more than one year |
Capital gains or losses |
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Sales of shares held for one year or less |
Gains are treated as ordinary income; losses are subject to special rules |
Distributions are generally taxable whether or not a shareholder receives such dividends in additional shares or elects to receive cash. Because income and capital gains distributions are taxable, you may want to avoid making a substantial investment in a taxable account when the Fund is about to declare a distribution which normally takes place in December. Each January, the Fund issues tax information on its distributions for the previous year. Any investor for whom the Fund does not have a valid taxpayer identification number will be subject to backup withholding for taxes. The tax considerations described in this section do not apply to tax-deferred accounts or other non-taxable entities. Because everyone's tax situation is unique, please consult your tax professional about your investment.
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"Foxby" is a registered trademark.
© Foxby Corp. |
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