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It sounds like we will get a dividend at End of Year based on actual dividend income received by RVT, but will get no capital gains (or any return of capital) until the capital loss credit is used up or at least greatly reduced.
It sounds like don't count on any dividends or any share price appreciation. So much for a widows and orphans fund.
not so----because they won't have to sell shares underwater to make the distribution they will be able to remain invested and hence maintain the chance for share price appreciation.
Although I am also hurting from these dividend cuts, I feel strong with RVT. I own a couple of the RVT funds and have enjoyed good returns over many years.One thing to keep in mind is that the Royce family has a good percentage of their assets in these funds.Hopefully they will continue to perform as they have in the past.Adman