Baron Growth Retail Message Board
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ohie
WHAT HAPPENED TODAY
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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.
- 1 Reply to appletreedude
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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.
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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.
Sentiment: Hold
- 1 Reply to eas.list
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how can i find out what happened?
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$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.
- 1 Reply to wxjimc
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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.
Sentiment: Hold
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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.
- 2 Replies to weisspop
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One of my top holdings as well. I didn't see any thing unusual to cause such a drop.Hmm?
Sentiment: Hold
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Likely distribution
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