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Voya Global Equity Dividend and Message Board

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  • walsingmalinda walsingmalinda Sep 23, 2009 4:22 PM Flag

    Where's the div?

    If you have been in the market long enough to get a 1099 from a broker, that is where you will see the breakdown concerning ordinary dividends, qualified divs and non-div dist. Of the 7,333.68 total distributions paid us on IGD, 3,503.73 was non-div, 1702.96 was qual div and 2126.99 was ord divs. Our broker has no control over this distribution. Those figures were for year 08. The last notification we received for present year about non-div dist shows a 50% non-div dist is in effect. Other funds we own that are doing non-div dist at this time are INB,CII,NRO,CRF and CLM.The belief the funds have that do non-div dist is that some investors demand a set distribution and do not care if it is real or altered dist. We are notified in writing from the funds when this is happening. Very seldom is that info available from our broker.We are not fond of this policy, to say the least.

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