Did anyone notice this in the March distribution announcement?
"IGD estimates that each distribution for the current fiscal year as of January 31, 2010, will be comprised of approximately 100% short-term capital gain."
How interesting! Is this cause for concern? Or does it simply suggest that IGD made some fast cash off the rising market and (perhaps for tax reasons?) is paying it out as dividends? Perhaps they get to balance the capital gains with the expense of the dividend payment, and we end up paying the higher short term gain taxes.
Or could they finally be unloading assets to cover the dividend cost -- but if so, why would the dividend be 100% capital gain, and why would it be short term?
I'm inclined to think this is good news, not bad. What do you think?