We have a distribution and capital gains adjustment today. It will be prorated and wash in the final payment. Todays value actually increased but you traded part of your holding for cash therefore have less exposure to the ETF's gains (or losses) going forward unless you reinvest or buy more. see FAQ link below. today is the ex date. 12/26 is the record date and 12/30 is the payment date.
Loftyroe, Thanks for the information. I had a beginners question-- do we receive this money on 12/30/08 and its added to our accounts, or do we only receive the money after we sell our shares. Thank you, Rob