Target Small Cap Value fund (TASVX) was down 20 percent
yesterday (Nov. 23). I assume it was because they declared a
dividend. Does anyone know the details? -- how much per share
and the breakdown between long/short term gain or loss?
-- Bob Day
They declared a dividend of $4.138...
Happy Guy
-
"Bob Day" <> wrote in message
news:vtkhf.7446$
> Target Small Cap Value fund (TASVX) was down 20 percent
> yesterday (Nov. 23). I assume it was because they declared a
> dividend. Does anyone know the details? -- how much per share
> and the breakdown between long/short term gain or loss?
>
> -- Bob Day
>
>
"happy-guy" <
> They declared a dividend of $4.138...
>
> Happy Guy
Thanks! Is there a place on the Web where one
can look up dividends declared by funds?
-- Bob Day
I got if off my subscription fund data base, not available to
non-subscribers. Actually, the best way is to call the company the next day.
They can give you the breakdown you wanted....
Happy Guy
-
"Bob Day" <> wrote in message
news:HVkhf.19579$%%
> "happy-guy" <> wrote in message
> news:aIkhf.14069$
>> They declared a dividend of $4.138...
>>
>> Happy Guy
>
> Thanks! Is there a place on the Web where one
> can look up dividends declared by funds?
>
> -- Bob Day
>
Thanks once again. It's good to know it's definitely a
dividend and that the fund didn't somehow crash!
-- Bob Day
"happy-guy" <
>I got if off my subscription fund data base, not available to
> non-subscribers. Actually, the best way is to call the company the next day.
> They can give you the breakdown you wanted....
>
> Happy Guy
> -
> "Bob Day" <> wrote in message
> news:HVkhf.19579$%%
>> "happy-guy" <> wrote in message
>> news:aIkhf.14069$
>>> They declared a dividend of $4.138...
>>>
>>> Happy Guy
>>
>> Thanks! Is there a place on the Web where one
>> can look up dividends declared by funds?
>>
>> -- Bob Day
>>
>
>
Hi Bob,
Not a dividend, but likely a year end distribution of capital gains
accruded during this past year. You can check their website to make
sure, but it's that time of year and they've started to happen.
And, with a annual distibution, it does NOT result in a loss or gain.
OTher than being a taxable event if the fund is held taxable, it's a net
/net zero sum event.
When they distribute cap gains, they lower the NAV by some amount, but
turn right around and give you additional shares equal to that amount of
money. You end up with a few more shares worth a little less on
margin, but having the exact same overall account value.
However, as noted above, if this fund is held in a taxable acct, you
will have to declare this distribution on your taxes for this year. If
it's in a tax deferred acct like a 401 or IRA - it's a non-event.
best,
rono
Bob Day wrote:
> Target Small Cap Value fund (TASVX) was down 20 percent
> yesterday (Nov. 23). I assume it was because they declared a
> dividend. Does anyone know the details? -- how much per share
> and the breakdown between long/short term gain or loss?
>
> -- Bob Day
>
>
Ronald V. Overton wrote:
>
> Hi Bob,
>
> Not a dividend, but likely a year end distribution of capital gains
> accruded during this past year. You can check their website to make
> sure, but it's that time of year and they've started to happen.
> [ ...]
> best,
>
> rono
Technically, Bob's use of the term "dividend" is correct - mutual funds
are companies that pay dividends. That's true whether the dividend
represents a distribution of capital gains, ordinary income, or
qualified income:
"If a mutual fund has long-term capital gains, it can designate part of
its dividend as a capital gains distribution. The shareholders report
this part of the dividend as if it were their own long-term capital
gain. These amounts are called capital gains distributions or capital
gains dividends."
--
Mark Freeland
> Bob Day wrote:
> > Target Small Cap Value fund (TASVX) was down 20 percent
> > yesterday (Nov. 23). I assume it was because they declared a
> > dividend. Does anyone know the details? -- how much per share
> > and the breakdown between long/short term gain or loss?
> >
> > -- Bob Day
> >
> >
"Mark Freeland" <> wrote
> Technically, Bob's use of the term "dividend" is correct - mutual funds
> are companies that pay dividends. That's true whether the dividend
> represents a distribution of capital gains, ordinary income, or
> qualified income:
>
> "If a mutual fund has long-term capital gains, it can designate part of
> its dividend as a capital gains distribution. The shareholders report
> this part of the dividend as if it were their own long-term capital
> gain. These amounts are called capital gains distributions or capital
> gains dividends."
That's something I haven't heard before and I totally disagree with it. I
believe it's a Fairmark thing. Stocks are bought and sold in an equity
mutual fund. These sales produce capital gains and losses and some stocks
pay dividends. No offense to Fairmark but I'll stick with the term
distribution.
Ed wrote:
>
> "Mark Freeland" <> wrote
>
> > Technically, Bob's use of the term "dividend" is correct - mutual
> > funds are companies that pay dividends. That's true whether the
> > dividend represents a distribution of capital gains, ordinary
> > income, or qualified income:
> >
> > "If a mutual fund has long-term capital gains, it can designate part
> > of its dividend as a capital gains distribution. The shareholders
> > report this this part of the dividend as if it were their own
> > long-term capital gain. These amounts are called capital gains
> > distributions or capital gains dividends."
>
> That's something I haven't heard before and I totally disagree with it.
> I believe it's a Fairmark thing. [...]
"If a regulated investment company (mutual fund) or real estate
investment trust (REIT) declares a dividend (including any
exempt-interest dividend or capital gain distribution) in October,
November, or December payable to shareholders of record on a date in one
of those months but actually pays the dividend during January of the
next calendar year, you are considered to have received the dividend on
December 31. You report the dividend in the year it was declared."
"Capital gains distributions (also called capital gain dividends) are
paid to you or credited to your account by regulated investment
companies (commonly called mutual funds) and real estate investment
trusts (REITs)."
Those are from IRS Pub 17.
--
Mark Freeland
Thanks, Mark, I stand corrected. However, I believe that I correctly
described the effect, or lack thereof, on ones account.
best,
rono
Mark Freeland wrote:
> Ronald V. Overton wrote:
>
>>Hi Bob,
>>
>>Not a dividend, but likely a year end distribution of capital gains
>>accruded during this past year. You can check their website to make
>>sure, but it's that time of year and they've started to happen.
>>[ ...]
>>best,
>>
>>rono
>
>
> Technically, Bob's use of the term "dividend" is correct - mutual funds
> are companies that pay dividends. That's true whether the dividend
> represents a distribution of capital gains, ordinary income, or
> qualified income:
>
> "If a mutual fund has long-term capital gains, it can designate part of
> its dividend as a capital gains distribution. The shareholders report
> this part of the dividend as if it were their own long-term capital
> gain. These amounts are called capital gains distributions or capital
> gains dividends."
>
>