Taxation in Canada

Angel Oak Financial Strategies Income Term Trust Declares March 2021 Distribution

Retrieved on: 
Monday, March 1, 2021

Angel Oak Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.1085 per share for the month of March 2021.

Key Points: 
  • Angel Oak Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.1085 per share for the month of March 2021.
  • The record date for the distribution is March 17, 2021, and the payable date is March 31, 2021.
  • The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned.
  • 2021 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Financial Strategies Income Term Trust.

Angel Oak Dynamic Financial Strategies Income Term Trust Declares March 2021 Distribution

Retrieved on: 
Monday, March 1, 2021

Angel Oak Dynamic Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol DYFN, today declared a distribution of $0.1228 per share for the month of March 2021.

Key Points: 
  • Angel Oak Dynamic Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol DYFN, today declared a distribution of $0.1228 per share for the month of March 2021.
  • The record date for the distribution is March 17, 2021, and the payable date is March 31, 2021.
  • The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned.
  • 2021 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Dynamic Financial Strategies Income Term Trust.

XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Distribution of $0.073 per Share

Retrieved on: 
Monday, March 1, 2021

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points: 
  • Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
  • The Trusts net investment income and capital gain can vary significantly over time, however, the Trust seeks to maintain more stable monthly distributions over time.
  • The Trusts final taxable income for the current fiscal year will not be known until the Trusts tax returns are filed.
  • The distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.

CPABC: Protect yourself from fraud this tax season

Retrieved on: 
Monday, March 1, 2021

March is Fraud Prevention Month and as British Columbians prepare to file their tax returns, here are three ways they can protect themselves from potential fraud:

Key Points: 
  • March is Fraud Prevention Month and as British Columbians prepare to file their tax returns, here are three ways they can protect themselves from potential fraud:
    If you file your taxes online, the Canada Revenue Agency (CRA) offers a list of certified tax software on their website .
  • Find out what you can expect when the CRA contacts you to avoid being a victim of fraud.
  • To help British Columbians navigate through the tax season safely, the Chartered Professional Accountants of British Columbia (CPABC) will be hosting a virtual Fraud Protection session as a free public service to individuals.
  • NOTE TO JOURNALISTS: Content related to the 2020 tax season can be found at rrspandtaxtips.com .

Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.11 Per Share

Retrieved on: 
Thursday, February 25, 2021

Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available.

Key Points: 
  • Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available.
  • The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
  • Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year.
  • The Gabelli Dividend & Income Trust is a diversified, closed-end management investment company with $2.7 billion in total net assets whose primary investment objective is to provide a high level of total return with an emphasis on dividends and income.

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

Retrieved on: 
Thursday, February 25, 2021

The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

Key Points: 
  • The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
  • Shareholders should not draw any conclusions about the Funds investment performance from the amount of the current distribution.
  • The Funds NAV per share will fluctuate with changes in the market value of the Funds portfolio securities.
  • About The GAMCO Global Gold, Natural Resources & Income Trust
    The GAMCO Global Gold, Natural Resources & Income Trust is a non-diversified, closed-end management investment company with $706 million in total net assets whose primary investment objective is to provide a high level of current income.

First Trust Dynamic Europe Equity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for March

Retrieved on: 
Monday, February 22, 2021

First Trust Dynamic Europe Equity Income Fund (the "Fund") (NYSE: FDEU) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on March 15, 2021, to shareholders of record as of March 2, 2021.

Key Points: 
  • First Trust Dynamic Europe Equity Income Fund (the "Fund") (NYSE: FDEU) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on March 15, 2021, to shareholders of record as of March 2, 2021.
  • Under the Plan, the Fund intends to continue to pay a monthly distribution in the amount of $0.06 per share.
  • This distribution may consist of net investment income earned by the Fund, net short-term and long-term capital gains and/or tax deferred return of capital.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.

Franklin Limited Duration Income Trust Declares Monthly Distribution

Retrieved on: 
Tuesday, February 16, 2021

Franklin Limited Duration Income Trust [NYSE American: FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0790 per common share, payable March 15, 2021, to shareholders of record on February 26, 2021 (Ex-Dividend Date: February 25, 2021).

Key Points: 
  • Franklin Limited Duration Income Trust [NYSE American: FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0790 per common share, payable March 15, 2021, to shareholders of record on February 26, 2021 (Ex-Dividend Date: February 25, 2021).
  • The Fund adopted a managed distribution plan and will make monthly distributions to common shareholders at an annual minimum fixed rate of 10 percent, based on the average monthly net asset value (NAV) of the Funds common shares.
  • Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level.
  • Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries.

Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution

Retrieved on: 
Thursday, February 11, 2021

The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0786 per common share payable February 12, 2021, to shareholders of record as of January 29, 2021.

Key Points: 
  • The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0786 per common share payable February 12, 2021, to shareholders of record as of January 29, 2021.
  • It is currently estimated that $0.0564 per share represents net investment income and $0.0222 per share represents return of principal.
  • The distribution will be calculated as 10 percent of the previous months average NAV, divided by 12.
  • Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level.

Certain DWS Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Monday, February 8, 2021

Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.

Key Points: 
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Closed-end funds, unlike open-end funds, are not continuously offered.
  • The price of a funds shares is determined by a number of factors, several of which are beyond the control of the fund.