|
|
“[D]isclosure is NOT disclosure if it doesn't communicate.”
Arthur Levitt, former SEC Chairman, July 23, 1997
|
|
|
|
|
SAMPLE 6 - Original
Dividends paid to shareholders from interest earned by the Fund from tax-exempt municipal obligations and from exempt interest dividends received by the Fund from other tax-exempt securities are not includible in a shareholder’s gross income for federal income tax purposes. Distributions of net interest income derived from other sources, if any, and of net short-term capital gains realized by the Fund will be taxable to shareholders as ordinary income. Net long-term capital gain distributions, if any, will be taxable to shareholders as long-term capital gain regardless of how long the shares of the Fund have been held.
Click here for revision
|
|
|
|
