WHAT HAPPENED TODAY
I don't understand why there is a $5.23 drop in the NAV only to turn around and pay a $5.59 long term capital gain? Wouldn't a long term capital gain of just 36 cents suffice? It seems it would be better from a tax point of view.
I just found out by calling Barrons at (212) 583-2100 that there was dividends of $5.592 on 11/29/12. If you were a share holder on 11/28/12 your account will receive $5.592 per share today.
I also figure this as distribution, but puzzled why there is no news or info about it. There have been two other distributions by Baron in November in the past.
how can i find out what happened?
$5.59 Long Term gain distribution....a lot...they must have sold some long held positions...definitely not tax efficient, though at least long term.
You're probably right about the LT gain. However, they didn't have this type (8%) sell-off last year or previous years to fund LT payouts. Looks like they might have mismanaged their payout funds.
Trying to find out myself, this is one of my top holdings - why 9% drop in a mutual fund. I looked at top holdings in fund - nothing sticks out.
One of my top holdings as well. I didn't see any thing unusual to cause such a drop.Hmm?